I am posting these charts in response to some debate regarding tax policy here on the Vine. The first chart is Private Fixed Investment, and the data come from here. It shows that Clinton had a better result in fixed investment than Bush after the Bush tax cuts. It also shows that the results under Reagan and Bush Sr. don't appear to be superior to the pre-Reagan era.
The second chart shows where I think the growth in tax revenue came from. It shows debt to GDP. Borrow and spend was the fuel. The third chart shows how the US consumer bought into the borrow and spend mentality resulting in a huge increase in household debt to personal income. The result is shown in the last chart that illustrates personal consumption to business investment.
It seems that the extra funds in the hands of the wealthy from the tax cuts were leveraged and loaned to sustain consumption, not investment. As a result we got bubbles and stagnant incomes. This is the legacy of trickle down as implemented by the conservatives of the past 28 years. I welcome constructive, fact based debate.