"Trickle down" when referring to economics is largely a misnomer and often used by opponents to mischaracterize economic principles they don't agree with.
Economy is a circle not a cloud trickling
I worked in aircraft for 40 yrs. Our CEO can't make airplanes by himself so he has several T/D levels of managers under him to help. The mgrs. need several T/D areas of workers. I was a 4th level trickle down, retired and happy. Trickle down works
It doesn't matter what you call it, everyone knows what it means.
It's not a misnomer. It's shorthand. There's a huge difference. The way Scotty uses 'socialist' is a misnomer. It's not actually accurate. Trickle-down is accurate in that proponents of tax cuts on businesses and the wealthy actually do believe that
the government will bring in more money, the average standard of living will rise, and the economy as a whole will benefit. Just because no economist said "Hey, here's this theory and I'm naming it 'trickle down economics' doesn't mean it's invalid.
Saying you can't find someone who has advocated trickle-down economics is exactly like saying you can't find someone who had advocated death panels. Because the only people who use the term 'death panels' are people fighting the Affordable Care Act.
Taking a look at the Hoover Institutions list of donors: ADM, ARCO, Boeing-McDonnell, Chrysler Corporation, Dean Witter Foundation, Exxon, Ford, General Motors, etc. etc...it's a who's-who of 'people that benefit from trickle-down theory.' Shocker!!
It is a misnomer, because as a economic principal, the term "trickle down" is a straw man. The economics of cutting tax rates is meant to change behavior, not allow that many to directly "trickle down" to the poor as the term makes it sound.
The writer of this paper, Thomas Sowell, is a well respected economist. The paper is also cited well with empirical evidence, much more so than the article you posted last week.
Please tell me how I mischaracterize socialists. This should be good.
Trickle down is whenever anyone buys anything, period. You buy a Coke at the gas station, that's trickle down. You helped give the attendant a job. Works 100% of the time.
For a history and explanation