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!
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."
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
a monthly financial plan that entails eating ramen for every meal and ramen with tuna on the first and fifteenth of the month (paydays). prolonged ramenomics can lead to ramenexia
his role as Captain Save a ho put him in the poor house where he had to develop a ramenomic plan to pay for his ex's plastic surgery bills
his ramenomic plan lasted through Ramendan, but at least he was a getting daily Ramen Job