If you examine the chart of historical stock market activity, you can see a direct effect upon the stock market demonstrating that Reagan’s two major tax cuts, The Economic Recovery Tax Act of 1981 and the Tax Reform Act of 1986 improved market performance over the long run. There is in fact a constant uptick with the occasional correction but the trend is generally upwards and at times rather steeply.

http://www.macrotrends.net/1319/dow-jones-100-year-historical-chart

Let’s hope Trump’s tax cuts have the same effect.

Aside from the tax cuts, I was not a big fan of Reagan. He re-invigorated the drug war and changed the model from treatment to incarceration at great cost to the taxpayer and society. It was as if he was doing the dirty work for the drug cartels who wanted drugs to remain illegal while having a negative social impact. Such an approach romanticized drug use and actually fueled violence. It was an unforgivable approach that all the tax cuts in the world couldn’t reverse.

Let’s hope Trump’s administration doesn’t follow suit.