Reaganomics = was the economic policy that the Reagan administration supported.
The following are not the intentions of Reaganomics:
1. take money from the rich via taxes and then give it to the poor 2. increase the National Debt 3. choke off economic growth 4. create historically high and persistent unemployment
The intention of Reaganomics was to increase capital in order to trigger slowing economy and increase government revenue as a result. The policies were based on tax cuts. Reaganomics consisted of two ideas: First, the government could stimulate the economy by increasing its spending which is called "prime pumping"; Second is called "trickle-down". The latter shows that if there are more wealthy people, the spending of these people will trickle down to the poor. Taking money from the rich and giving it the poor, increasing National Debt, raising the minimum wage was not the intentions of Reaganomics.
An example of an incentive program a government may use to stimulate the economy is providing tax "breaks" for companies that hire certain types of workers, or to companies that invest in more sustainable infrastructure.
