Thread: Reaganomics
View Single Post
Old August 17th, 2012, 12:16 AM   #42 (permalink)
Senior Member
saptech's Avatar
Join Date: Dec 2011
Location: Third Stone from the Sun
Posts: 3,686
Device(s): Motorola Moto G, Samsung Stratosphere, Galaxy Tab 2 SE.
Carrier: T-Mobile

Thanks: 612
Thanked 799 Times in 638 Posts

Originally Posted by TJGoSurf View Post
Show your work.
The wealthiest individuals in the country went from paying about 70% in taxes to approximately 28% in taxes.

However tax rates for people in lower income taxes rose, suggesting that the little guy and poorer people were not benefiting from Reaganomics. With fewer government programs, fewer resources were available to the poor.

Reaganomics removed safeguards from industries which increased corporate greed.

What Was Reaganomics?
"I'm gonna put a curse on you and all your kids will be born completely naked" - Jimi Hendrix
saptech is offline  
Last edited by saptech; August 17th, 2012 at 12:20 AM.
Reply With Quote