Final answer:
Chomsky's view that tax cuts for the rich have led to larger deficits and social stratification is true. Economic policies from 1980 onward, particularly Reaganomics, have disproportionately benefited the wealthy, leading to increased inequality and societal issues.
Step-by-step explanation:
Noam Chomsky's contention that tax cuts for the wealthy have led to larger deficits, diminished social programs, increased societal hardship, decreased compassion and solidarity, and shifted the tax burden onto the middle class is True. Post-1980 economic policies, including those from supply-side economics or Reaganomics, have led to significant restructuring of both the tax system and government spending. Although the economy has expanded significantly, the gains have not been evenly dispersed across various economic groups, with the middle class seeing a relative decline in income, wealth, and size.
The data discussed implies that the wealthier segments of the population, who are often less affected by economic downturns, have benefited from tax policies that disproportionately favor them. Conversely, those in the lower income brackets bore the brunt of recessions through unemployment and other economic hardships. This polarization in wealth and inequality can lead to various societal issues, including health outcomes, crime rates, and overall psychological health deterioration, especially among those feeling the economic stress more profoundly.