An idiotic excuse for an economic policy. Practiced by President Herbert Hoover, to no beneficial effect.
Reconstruction Finance Corporation
A Failed economic policy that asserts that if you give tax cuts to the rich the profits will trickle down to the lower classes.
Time has shown that this Regan policy is nothing more then a scam to give the rich a Free Ride in society
Trickle down economics don't trickle down on me! Where's my money and my job? They been outsourced by some elitist rich snob.
n. The most absurd economic theory that ever existed. It includes giving the rich large sums of money. Accordingly, the wealthy
will then hoarde the money into banks and there will therefore, be less money in circulation.
The worst and most absolutely illogical form of world capitalism. Holds that if you give money to people who are already rich, it will be invested and slowly "trickle down" to the hands of those who need the money. Doesn't ever work, and has no logic at all. Practiced by rightard
s and Republicunts
. Was responsible for the economic disaster that was the Great Depression.
If you conservative dumbshits want the commies
to come back, then just keep practicing those trickle-down economics...
The great thing about trickle-down economics is that every time I purchase a new yacht or Humvee it helps out every member of society. Don't see this five course meal and seven hundred dollar bottle of wine as an example of greed and excessive consumption, think of it as a consumer-based economic stimulus package. Now then, what's fifteen percent of three thousand dollars? Or maybe I should only tip ten, the waiter forgot to put THREE lemons in my water!
A government ecomomic plan in which taxes are lowered on the wealthy so that they have incentives to do things with the extra money they would have would lead it to 'trickle down' to the middle and lower classes.
For example, the wealthy might use the extra money to expand their businesses or buy more shares in the stock market, thus expanding the economy and providing more jobs for those in the middle and lower classes.
The wealthy might also spend the extra money on more goods and services, thus providing the middle and lower classes with more work.
Probably the most significant stream of money trickling down is from the extra money that the wealthy put in banks. Because there is more money in banks, there is more money for the middle and lower classes to borrow for buying houses and starting and expanding businesses.
Many liberals like to attack trickle down economics as an unfair benefit to the wealthy. Their mistake is that they ignore the idea of the "invisible hand" that is implicitly behind the idea for such an economic policy. Trickle down economics is good because it inevitably leads to more jobs and money for the middle and lower classes and to an expanding economy.
Liberals should actually take a class in macroeconomics before they start complaining about trickle down economics.