Showing posts with label Reaganomics. Show all posts
Showing posts with label Reaganomics. Show all posts

Monday, December 21, 2020

Reaganomics Exposed: Keeping tax low for the rich doesn't boost economy, new research says

The so-called Reaganomics will be remembered by the people as a set of cruel, anti-worker economic policies in favor of the big capital, associated with supply-side theories and eliminating and restrictions on the free-market economy. 

The economic policy that U.S. President Ronald Reagan advocated for pushed for lower taxes for the wealthy and less business regulation by the government. The idea was that showering the rich with even more money would - supposedly - result in a greater supply of services and goods, at lower prices, and an increase in employment.