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NO.... thetrickle-down- theory does not work it was put in place hoping that if you give the rich a tax break they would then make jobs for the poor....... we all know that to be false, if you give rich tax breaks they buy more Yates and planes with there money... American people are selfish and greedy... you can not leave it up to the rich to help the economy that's stupid. Reaganomics has major flaws in it and its the main reason why our economy is in such bad shape now, sure at the time it seemed like a great idea, but we are sulfuring now.

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Q: Would reaganomics work today
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Reaganomics is the program of austerity put in place by the Economic Recovery Tax Act of 1981. It included a 20-percent cut in the top income tax rate (from 70 to 50 percent) and drastic cuts in non-defense government spending. Reaganomics caused an 18-month contraction of the economy and the highest U3 unemployment rate, 10.8 percent, ever recorded since the government started calculating it. Reaganomics didn't work; in 1982 the government enacted a law called the Tax Equity and Fiscal Responsibility Act that repealed a lot of the Reaganomics reforms. They did not, however, repeal the tax cuts, and they should have. The selling point of tax cuts is that by cutting taxes on rich people they will create jobs and new products and bring more revenue into the government than you would have had at the old tax rates. This selling point ignores something that is crucial to destroying it: no businessman creates a job unless he has work for that person to do.


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