Yep. Social programs and taxes were reduced under Reagan to prevent "welfare queens" from abusing the system. Many of the "poor whites" would have also benefited from those very same social programs. Rich people who were taxed less were able to spend that money consolidating power and weakening the government making the government less capable of regulating that very power consolidation. Power compounded and now we have oligarchs. Eventually they purchased citizens united from the supreme court "legitimating" their money as valid political power in a democracy.