Reaganomics shifted the tax burden from the wealthy to the middle class, real income plummeted for most Americans while CEO salaries and the national debt sored!
by SKY_DOG September 10, 2011
economic strategy in which the tax burden is shifted away from big corporations and the wealthy and put on the middle class while dramatically increasing spending on things like military hardware thus creating massive budget deficits which are later used as an excuse to cut funding for social programs
by Mr.Juan-derful August 7, 2010
Reverse Robin-Hood:
Essentially, steal from the poor, give to the rich. Enacted by a senile puppet in the 80's in the height of his delirium.
Essentially, steal from the poor, give to the rich. Enacted by a senile puppet in the 80's in the height of his delirium.
Tax Collector: That's ok, Mr. Trump, you can go, we'll just go shake down that hobo over there.
Trump: God, I LOVE Reaganomics!
Trump: God, I LOVE Reaganomics!
by Sal November 11, 2003
1. Reduce the growth of government spending.
2. Reduce marginal tax rates on income from labor and capital.
3. Reduce regulation.
4. Control the money supply to reduce inflation.
2. Reduce marginal tax rates on income from labor and capital.
3. Reduce regulation.
4. Control the money supply to reduce inflation.
by david smith , jr. March 4, 2008
by gdsfdsfndfgdsgdfgsds December 11, 2010
by Jmorg21 November 22, 2009
Economic plan developed by President Ronald "Bonzo" Reagan in the 1980s based on some squiggles drawn on a napkin. Based on the entirely logical presumption that less money equals more money.
"Hey, Ron, let's lower taxes on the rich, cut funding for education/healthcare/anything important, then spend so much on useless crap like missiles that we end up in debt for the rest of our lives and those damn Boomers can't have their social security."
"Huh?"
"Good choice, Ron. We'll call it Reaganomics."
"Uh, OK."
"Huh?"
"Good choice, Ron. We'll call it Reaganomics."
"Uh, OK."
by MarkusRTK April 25, 2004