Top definition
A system of Fiscal sabotage also known as voodoo economics put in place by Ronald Reagan
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
Get the mug
Get a Reaganomics mug for your sister-in-law Larisa.
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
Reaganomics was a devious plot to destroy the middle class and usher in a new era of neo-feudalism.
by Mr.Juan-derful August 07, 2010
Get the mug
Get a Reaganomics mug for your barber Larisa.
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."
"Good choice, Ron. We'll call it Reaganomics."
"Uh, OK."
by MarkusRTK April 25, 2004
Get the mug
Get a reaganomics mug for your guy Paul.
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.
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!
by Sal November 10, 2003
Get the mug
Get a Reaganomics mug for your cat Vivek.
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.
These are the four basic principals of Reaganomics.
by david smith , jr. March 03, 2008
Get the mug
Get a Reaganomics mug for your grandma Julia.
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.
by Drew Rawlings December 19, 2003
Get the mug
Get a reaganomics mug for your barber Riley.
1. the label pinned on President Reagan's policies of tax cuts, reduced federal spending and regulation, and a tight-money policy.

2. Awesome. The bee's knees. the cat's pajamas. Fuckin' crazy.
1. "In this way, Reaganomics saved not just the US economy from worldwide depression"

2. "Dude! I just got the new Mr. Master's Marching Band LP for free!"
by Tobii August 13, 2005
Get the mug
Get a reaganomics mug for your fish Larisa.