Did Reagan's Policies Increase Personal Wealth?


	Did Reagan's Policies Increase Personal Wealth?
	Advantages Tax cuts made many people richer More millionaires: 1.3 mil in 1988; 574,000 in 1980; 180,000 in 1972; 90,000 in 1964 & 27,000 in 1953 Forbes: 52 billionaires in 1988 Income from unearned sources e.g. rents, dividends, capital gains & interest increased Unemployment fell Boosted productivity Disposable income increased by 2.6% annually, compared with 1.8% in the 1970s	Disadvantages Wages stagnated
	Evaluation Wealth increased for the rich, but wages stagnated. Overall, the poor benefitted least

Tax cuts made many people richer
More millionaires: 1.3 mil in 1988; 574,000 in 1980; 180,000 in 1972; 90,000 in 1964 & 27,000 in 1953
Forbes: 52 billionaires in 1988
Income from unearned sources e.g. rents, dividends, capital gains & interest increased
Unemployment fell
Boosted productivity
Disposable income increased by 2.6% annually, compared with 1.8% in the 1970s

Wealth increased for the rich, but wages stagnated. Overall, the poor benefitted least

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