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Reaganomics (view source)

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Reaganomics is a conservative economic process, in which the rich are given tax cuts. The hope is that businesses and the like will spend the money, passing the savings on to the poor. However, in it's history, Reaganomics has yet to do anything but fail, lining the pockets of the rich, and leaving the poor in even more poverty. The proof of this? Ask any Economics 101 teacher.
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Reaganomics is the term for tax cuts proposed and enacted by President Ronald Reagan, which led to one of the greatest periods of economic prosperity in world history.
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