1.)A system of economic policy and governance in which you never provide any details on how you will improve the economy; you simply state that you will fix the economy. It is infered that by merely sating you will improve economy, the economy will imorove itself. 2.) Economuc policies that involve sorcery, wizadry, black magic, or traveling back in time, as methods used to control the economy.
When Jim Bob ran for mayor he would not outline any of his economuc policies, he only refuted the current economic policies, therefore he is running on the romenomics economic platform.
by dubv796 September 5, 2012
Get the romenomics mug.Another word for Reaganomics but we all know it's RIGGED, also known as trickled-down economics and voodoo economics. Bueller? This was the economic policies of President Ronald Reagan in the 1980's which basically means give more money to rich people and corporations and then everyone will prosper. Bullshit! The minimum wage in 1981 was $3.35 per hour, adjusted to inflation would mean $10 per hour in 2020. Sounds good right? WRONG! Since Reagan's two term presidency, the minimum wage only went up 45 cents, while the cost of living went up....because by 1990, the minimum wage was ONLY $3.80 per hour, adjusted to inflation would ONLY be $7.75 per hour.......which means the minimum wage hasn't changed in the past 30 years! Right now, the national minimum wage in 2020 is only $7.25! This is why 78% of Americans are living paycheck to paycheck in America while rich ASSHOLES in Wall Street and the top 1% are getting richer and richer.....This is why America is the ONLY 1st world developed country with NO free universal healthcare....because corrupt politicians use our tax money to benefit only rich people!
"Have you heard of Reaganomics?"
"No, but I've heard of Riganomics, which is why the rich get richer and the poor get poorer."
"No, but I've heard of Riganomics, which is why the rich get richer and the poor get poorer."
by jiggysaw17 November 8, 2020
Get the Riganomics mug.Related Words
How rape plays a role in the American economy, stock market, and socioeconomic status: When the GDP takes it's massive, economical dick, and shoves it into the asshole of the stock market, releasing an economical semen that causes a sharp fluctuation in the DOW JONES and NASDAQ as it trickles down from the top of the socioeconomic class to the bottom.
by Ronaldino Reagan June 10, 2011
Get the Rapenomics mug.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 3, 2008
Get the Reaganomics mug.an interjection made popular by the adult swim show Robot Chicken, meaning regan-like. or regans idea of trickle down economy
Reganomics! woot Trickle Down economy! let's use religion as a tool and ruin the republican party forever!!!
by tom raftery May 22, 2006
Get the reganomics mug.A program of across the board tax cuts in order to produce growth in an economy. It worked very well in the 1980s. GNP and real incomes rose in the 1980s. It was theorized by economist, Arthur Laffer, that government revenue would grow if taxes were cut on the across the board including the wealthy. Revenue rose sharply in the 1980s. However, spending rose faster.
Often, misrepresented as stealing from the poor and giving the rich. If you cut taxes, it is only right to lower taxes on the wealthy who pay taxes.
Often, misrepresented as stealing from the poor and giving the rich. If you cut taxes, it is only right to lower taxes on the wealthy who pay taxes.
by Drew Rawlings December 19, 2003
Get the reaganomics mug.by human i think February 1, 2023
Get the reaganomics mug.