Made popular under the Reagan Administration, it was his Republican primary opponent George Bush (Version 1.0) who coined the term voodoo economics to describe the principle. This, of course, was before it dawned on Bush that he was a rich bastard himself and should probably just keep his mouth shut.
Called trickle down as an endearing visual of the upper 1% pissing all over the less fortunate.
Trickle down economics in todays economic climate is like offering someone with lung cancer a pack of smokes.
Fair enough rich people should support it, hell if i was rich so would i! But why the hell do the poorest people in society support it? It's like when someone in the street who's mugging you at gunpoint realises he has no bullets; what do you do?
1) kick the crap out of him and call the police. (or)
2)offer him some bullets you have in your pocket.
crazy isn't it?