The first and perhaps the main one is the steady increase that, since about 1975, has been occurring in the unequal distribution of income. Between 1935, when the New Deal of President Roosevelt began to generate a clear economic recovery, and the late 1970s, most Americans had the feeling that their own standard of living was increasing and that their children would have better opportunities that they had. In the 1980s, President Reagan to the new problem of stagflation (which combines high levels of prices and unemployment) by changing the taxsystem so that employees attended a dramatic increase in their monthly contributions to finance faced Social Security, while taxes levied on corporate income and capital were reduced. In the decades
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