Anonymous
Anonymous asked in Politics & GovernmentPolitics · 1 month ago

Would Reagan’s trickle down policy and Reganomics work in this 2020 era?!?

44 Answers

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  • Anonymous
    1 month ago

    Yes and no depending who you are in the equation and if your ideas are antiquated.

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  • Anonymous
    1 month ago

    You post anonymously like a cowardly terrorist and you dont know anything. Why should anyone answer your question?

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  • ron h
    Lv 7
    1 month ago

    What do you mean "would it?"  It's NOT WORKING!

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  • 1 month ago

    That's like asking "Would gravity work in this 2020 era?". There are economic laws and principles, just like there are physical laws. Every time you violate an economic law, there's going to be consequences no matter what Bernie tells you. If you increase subsidies, you are increasing taxes no matter what Bernie tells you. If you increase the minimum wage law, you are increasing unemployment no matter what Bernie tells you. More taxes means less money in the private sector, less money in your pocket, less money banks will have to give to new businesses, less investments, less production. If you reduce or prevent a rise in the supply of a product when there is a demand, the price goes up. There are basic economic laws that cannot be violated no matter what Bernie tells you, and no matter what century we are living in.

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  • Anonymous
    1 month ago

    Absolutely not.  Trickle down economics (particularly deregulation of Wall St/big businesses) is the only thing that caused the S&L crisis and recession of the early 90s.

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  • 1 month ago

    Trickle down only works if you work.

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  • Anonymous
    1 month ago

    It would work as well as it did in the 80's

    The Republicans use an analogy of putting the economy on Sale..... much like a sale at your local store. The problem here is the Sale is only novel for so long and there is a finite number of people who are going to shop the sale. Eventually you get to the point where people are spending as much money as they normally would. What do you do now, mark prices down even further?

    • Stan
      Lv 6
      1 month agoReport

      There is nothing to prove or show that lowering taxes on corporations or the wealthy stimulates the economy. Companies do not hire based on a tax break. They hire only when there is a demand that requires the additional labor. Tax breaks for the rich merely allows them to horde more wealth.

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  • 1 month ago

    not since all the gains won during the 1980s were sold off during the 1990s to feed a vapid feel-good economy...no....

    Reganomics was based on a nation that produced.... Clinton turned the USA into a buyer nation....and worse, convinced generations that consumption was more important than production, spending was more important that investing and having the latest doo-dad at the cheapest price was more important than where it was made...

    it's funny how those who love to cry about "trickle down" forget the decade of middle-class growth it produced....and how there was another decade of another economic ideology in place before it "collapsed"...

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  • 1 month ago

    It didn't work then.  It tripled the national debt and gave the illusion of prosperity.

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    • marsel_duchamp
      Lv 7
      1 month agoReport

      "If that were true then wouldn't we have budgets come somewhere near the projected revenues (hence a balanced budget"  Revenue did not meet projections that trickledown was supposed to produce . It is not  just "How much more is irrelevant."  How dumb are you?

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  • 1 month ago

    When did you think it stopped working?

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    • David B.
      Lv 7
      1 month agoReport

      david; So when Nancy Pelosi said back in 2013"Economists agree that unemployment benefits remain one of the best ways to grow the economy in a very immediate way," she was lying? Good to know.

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