this post was submitted on 11 Jul 2026
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Work Reform

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[–] DagwoodIII@piefed.social 8 points 1 day ago (1 children)

One thing is financial literacy.

A lot of people come from a cycle of poverty where no one around them can explain why it's a good idea to have a bank account.

Also, there are predatory banks that demand minimum amounts to start any account. If you don't have $200.00 to start an account it's hard to start an account.

Back in the day, banks encouraged little kids to start bank accounts with just a few dollars. I had a bank book when I was 12. Those days are long gone. I went to Bank of America with a check from a BOA account and they wanted to charge me. I could wait to get to my own bank, but other folks wouldn't have that option.

[–] Formfiller@lemmy.world 4 points 21 hours ago (1 children)

We also used to have a 70% wealth tax in those “good ol days” pre Reagan

[–] DagwoodIII@piefed.social 2 points 20 hours ago (1 children)

Reagan was a good family man who believed in small town values and honesty.

He threw away his wife for a bimbo after moving to Hollywood.

[–] kreskin@lemmy.world 7 points 20 hours ago* (last edited 20 hours ago) (1 children)

I understand your comment to be snark. From what I remember:

Reagan was a commie scare guy who blacklisted his enemies in the screenactors guild if they didnt share his conservative viewpoint.

Reaganomics was flatly stupid or a con job, take your pick-- just tax cuts for the rich that were supposed to trickle down and never did, and massive swathes of dergulation, including environmental rules. His deregulation of the banking industry caused the savings and loan crisis that cost a lot of people their life savings, and destroyed the US economy for a good long time and caused a recession.

Iran Contra happened on his watch (although he claims he knew nothing about it). The CIA were literally flying pallets of cocaine into florida air force bases on private cargo planes and selling them on our streets to make money. I find it hard to beleive that a single lowly colonel could have run all of it, using the presidents CIA.

He was a bad B-list actor. His movies sucked really bad, even back then.

He was reportedly a closetted bisexual (with Howard cook before he was married) whose shame steered him to slow walk AIDs treatments for 6 years while his surgeon general screamed for him to allow it, resulting in the deaths of tens of thousands who needed treatment during an explosion of AIDS.

The only good thing about him was that he wasnt under AIPAC's thumb. But he still gets an F on policy and basic decency, although republicans and dems both adored his grandfather-leader BS act. The man was a complete idiot, as are his followers.

[–] DagwoodIII@piefed.social 3 points 20 hours ago (1 children)
[–] kreskin@lemmy.world 2 points 20 hours ago (1 children)

never seen that one, pretty good!

[–] DagwoodIII@piefed.social 1 points 9 hours ago

I's like to think that any kid growing up today will see this when they learn about the Reagan years.