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Why America Abandoned The Greatest Economy In History

November 25, 2023

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"If there is one statistic that best captures the transformation of the American economy over the past half century, it may be this: Of Americans born in 1940, 92 percent went on to earn more than their parents; among those born in 1980, just 50 percent did. Over the course of a few decades, the chances of achieving the American dream went from a near-guarantee to a coin flip.


What happened?


One answer is that American voters abandoned the system that worked for their grandparents."

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