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What did the reagnomics do?

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Anonymous

∙ 8y ago
Updated: 10/16/2024

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What is the feature of Reaganomics?

The primary feature of Reaganomics is that you probably know what's good for you better than some politician does. So you should spend your own money for things that YOU think you need, rather than letting the government take your money in taxes and spend it on whatever THEY think you ought to have. Because this lets you keep your own money and prevents politicians from raising taxes (which would allow politicians to spend money on themselves and their friends), most politicians disapprove of Reaganomics, and are willing to tell you any lie to make you disapprove of it, too. Ronald Reagan believed that by lowering taxes, he could increase government revenue. History proved him wrong on that point. He also believed that making the rich even richer would somehow benefit everyone, and history proved him wrong on that point, too.


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