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RE: LeoThread 2025-04-10 18:21

in LeoFinance6 months ago

Part 4/11:

The origins of this modern welfare structure trace back to Lyndon B. Johnson's "War on Poverty" declared in 1964, which initially saw significant success in reducing poverty rates. However, over the decades, as economic conditions fluctuated and political will waned, the efficiency of these programs diminished. By the 1980s, the emphasis shifted towards privatization, under Ronald Reagan's administration, with support from future leaders like Bill Clinton—the transition from direct government assistance to a model dominated by corporate intermediaries began in earnest.

Case Studies: The System in Action

1. Tax Preparation Companies