Decade of Corporate Greed - 1167 Words

Decade of Corporate Greed Dale Schroll University of Phoenix Axia College As Ronald Reagan Ascended in the 1980’s he reinvented Republican policies that favored deregulation and the growth of business in America. These Ideas markedly opposed the views of the governmental interventionist policies of the 1960’s and 70’s with these ideas Reagan hoped to decrease government Involvement and heavy taxes. With these tax cuts Reagan’s thinking was that many new businesses would spawn and that it would have a trickledown effect by not only empowering businesses to grow and hire more people which in the end would benefit all from those on top in the corporate world all the way down to the lowest person in the company in which†¦show more content†¦This new concentration of wealth created a whole new class of millionaires, however on the downside for every millionaire there were several hundred homeless people. With this came more negativity that came with the corporate greed of the 80’s.For these people who beca me homeless and poor due to these millionaires greed were blamed for dragging down the economy by Republican politicians and their mouthpieces in the media, while the truth we found out later is that indeed it was these rich people who were ripping us off and actually were responsible for dragging down the economy. Going as far to blaming the poor the city of Los Angeles installed a fingerprint system to guard against welfare fraud that cost the city and hardworking tax payers 30 million dollars, and for all of this it caught one cheater. While at the same time â€Å"White collar† crime was rising and costing us more than street crime cost, also doing more damage and arguably causing more deaths. Reagan also had a deregulation of the savings and loans industry which was a total debacle and ended up costing Americans 500 billion dollars which is part of the still current banking problem that is going on today. UnfortunatelyShow MoreRelatedThe Rich And Large Corporations Get Richer967 Words   |  4 PagesIn Sander’s (2011) book, upon reviewing it, a few topics came up. Sanders speaks specifically on how in the United States there are a plethora of corporate greed and corruption. Like Sanders (2011) quotes in his book: The rich and large corporations get richer, the CEOs earn huge compensation packages, and when things get bad, don t worry; Uncle Sam and the American taxpayers are here to bail you out. 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