Yes, you can make a strong argument that the ballooning U.S. national debt—now over $37 trillion—is in large part a consequence of decades of tax cuts for the wealthy and corporations, combined with increased spending. The key elements of this argument are: 1. Tax Cuts for the Rich and Corporations (Since the 1970s) Reaganomics (1980s): … Continue reading Can we argue that the 37 trillion dollars the US ‘owes’ is caused by the elites/rich not paying their fair share in taxes since the 1970s?