Archived Collapsing America: America's Infrastructure Decaying into 3rd World Status (investmentwatchblog.com)
submitted ago by pcdude
Posted by: pcdude
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Archived on: 2/12/2017 1:51:00 AM
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Archived Collapsing America: America's Infrastructure Decaying into 3rd World Status (investmentwatchblog.com)
submitted ago by pcdude
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[–] NeedMoarGuitars 1 point 1 point 2 points (+2|-1) ago
From the 1940s through the 1970s America invested in big projects: the GI bill, massive hydroelectric dams, an interstate system, regional airports, a space program, etc. Beginning in 1980 we stopped investing so we could give corporations and wealthy people tax breaks. The theory was that money for all the good things and jobs would "trickle down" from the top. That never happened because it was all a Ponzi scheme.
Instead jobs and whole sections of our economy were sent overseas and what was left crumbled. Now third world countries have high speed trains, new bridges, and state of the art airports. We primarily have what earlier generations saw fit to build and fund ... and we sit and wait for that big money to start trickling down.
[–] CatNamedJava 1 point -1 points 0 points (+0|-1) ago
Fucking Reagan