A Student's Reading of The Politics of Rich and Poor

A Students Reading of The government of Rich and Poor

Often times, a policy-making analyst/scientist will write a book on the political science and economics of the time. This writer may also create a work which emanates views contrary to the opinion of the governing body. Rarely, however, does one rise an analyst who will clearly undermine his own political party by, in effect, saying, I told you so. Kevin Phillips, editor-publisher of The American Political Report, columnist for the Los Angeles Times, and fountainhead political analyst for the 1968 Republican presidential campaign, describes in his book, The Politics of Rich and Poor: Wealth and the American Electorate in the Regan Aftermath, the consequences of the decisions make by the United States government while under the giving medication of Republican Ronald Regan. Phillips theme of the widening gap between the fastness twenty percent of the population, in respect to annual income in actual dollars, with the lower twenty percent of the population coincides with the vox populi of the typical American avarice, during the eighties, leading the country on a rollercoaster ride of economic instability and shaky ground. These ideas remain unremitting and prevalant throughout the seven chapters. His views, though somewhat repetitive in the text, strike the reader with astonishment, especially when considering Phillips Republican party affiliation.

With his thesis in mind, Phillips discusses three major factors that escalate and at the homogeneous time submerge the state of the economy in America. These factors hold: the sudden shift in tax rates, the diminishing global wealth of America, and the unfitness of the government under Regan to satisfy a happy medium for economic growth. any of these factors support Phillips theme and prove his argument of an up and bring down cycle of economic stability.

        From 1921 to 1925 the top one percent of...

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