this post was submitted on 29 Nov 2025
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Actually, everything is working as intended
collapsed inline media
This single diagram really tells you all you ever need to know. And yet a lot of people in the bottom 50% think that the gays or refugees are to blame for their problems.
There is a line missing, for the 0.001%.
And they also might magically become the 1%
Oh dear god I had not seen that graph updated in some years.
WTF happened in 1971?
LBJ wanted to have social spending and have a massive knockout punch in Vietnam. Instead of a knockout punch, the War turned into a massive quagmire. It was costing the US a fortune, but LBJ didn't want to raise taxes, so he printed money. Nixon got elected and doubled down on the War and using inflation to pay for it. Then the OPEC oil embargo hit and inflation went through the roof.
Jimmy Carter's plan [controlled by Fed chair Paul Volker] solved inflation, but by the time it kicked in Carter had been replaced by Reagan. Reagan deregulated a lot of industries and let them run wild.
In 1968, 'middle class' was defined as one Union job supporting a family of four. At that time $1 million was a vast fortune. By the time Bush Sr. was out, 'middle class' meant two incomes to run the home, and $1 million was what a rich guy paid for a party.
Whenever you want to understand the state of the USA, consider George Bush, president, father of George Bush, president.
We're a fucking Middle Eastern dynastic fiefdom, with fucking nukes.
The funny thing is that Bush Dr. castigated Reagan's tax cuts as 'voo-doo economics' when they were running against each other in the primaries. Once Reagan won the nomination, Bush signed on whole heartedly
The intricacies of their complex don/sub dynamic are expertly explored in the hard-hitting documentary Wet Hot American Summer: First Day of Camp.
Apparently it's so common a question it's made into a domain https://wtfhappenedin1971.com/
a domain with spurious conclusions
Republicans. Go figure.
after a bit of a search, Nixon happened
there's a how history words vid on the subject https://youtu.be/HchNA3a9L5E I dunno if it tackles your question tho, as if haven't watched
When it's not working, it's working.
Now lets see it adjusted for the real value of the dollar over time! :D
why? the lines aren't going to change.
I feel like the graph looks like that no matter what years you set as the first and last in the range, the scale just gets larger as time goes on, as if printing money to solve problems just does that
I feel like the tiny little uptick in the red line at the end is just a lie to try to give us a smidge of hope.
The only point here, as always, is that everybody and anybody who thinks that this chart and only this chart is what matters, is objectively a fucking idiot who has disqualified their own opinion, along with those implying it is a real, serious opinion, which it is not.