People are definitely being impacted by FDR’s New Deal policies to this day. Social Security lifted a lot of seniors out of poverty. It’s structured like a pyramid scheme and we can debate the incentives created behind the welfare state. However, I don’t think those arguments apply very well to the homeless population. It simply doesn’t make a whole lot of sense to talk about the welfare state for people who have absolutely nothing. Their brains are in a completely different mode than the rational human mind in which economic theory is generally based on. On the other hand, Reagan’s policies had a clear and direct impact which continue to this day, because they haven’t been corrected.