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President Ronald Reagan was a great proponent of supply-side economics. He believed in major tax breaks for businesses and corporations; believing businesses and corporate executives would objectively share the company’s profits with employees with little or no oversight.
On paper, supply-side economics is a great concept. It would be the ideal business model in a fair and just world. The problem is human nature. Greed and self-centered goals and objectives caused numerous executives to unfairly enrich themselves at the expense of hard-working investors or employees.
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