i generally stay out of politics stuff since it doesnt concern my country afaik. im also not a US citizen. due to the re-election of trump i did some research about the history of the US and when it all went downhill. now im not saying that is exactly this, but i think most people agree something bad happened in the 70s or 80s. after further research the most prominent thing seems to be that the US changed its whole economic strategy around that time
they apparently started cutting taxes a lot, especially for rich people and corporations. from what i found, the top income tax rate was like 70 percent in 1980 and by the end of the 80s it was down to 28 percent. same deal with corporate taxes. the idea was called trickle down economics which is basically the theory that if rich people and businesses keep more money, they will invest more and it will help everyone. but from what i can tell, that just led to more wealth for the top and not much improvement for the average person