by Lurking Singh September 17, 2020
Get the chinese economics mug.Trickle Down Economics is a blatant strawman of supply-side economics used to demonize supporters of said system.
Those using the term assert that Republicans intend to cut taxes on the rich people, which will then, by some undefined mechanism, cause money to trickle down to the poor.
However, not one economist has ever published a theory on the mechanism behind this so called Trickle Down Theory.
This strawman mainly serves to demonize the Republicans for cutting taxes on the rich. The actual position of the Republicans, supply side economics, asserts a well known phenomenon, wherein cutting taxes on rich people will cause them to invest more money, thus opening new markets or expanding existing ones, creating jobs and generating wealth.
The origins of the term lie in a speech by Franklin Delano Roosevelt, wherein it is asserted that there are two economic theories, one according to which "If we make the rich people richer, somehow they will let a part trickle down to the rest of us.
The second theory ... is that if we make the average of mankind comfortable and secure, their prosperity will rise upwards, just as yeast rises up, through the ranks."
Roosevelt, a democrat ironically enough, mocked this idea himself, however, it has somehow become a staple in politics to claim that this nonexistant theory is somehow the economic position of the Republicans.
Those using the term assert that Republicans intend to cut taxes on the rich people, which will then, by some undefined mechanism, cause money to trickle down to the poor.
However, not one economist has ever published a theory on the mechanism behind this so called Trickle Down Theory.
This strawman mainly serves to demonize the Republicans for cutting taxes on the rich. The actual position of the Republicans, supply side economics, asserts a well known phenomenon, wherein cutting taxes on rich people will cause them to invest more money, thus opening new markets or expanding existing ones, creating jobs and generating wealth.
The origins of the term lie in a speech by Franklin Delano Roosevelt, wherein it is asserted that there are two economic theories, one according to which "If we make the rich people richer, somehow they will let a part trickle down to the rest of us.
The second theory ... is that if we make the average of mankind comfortable and secure, their prosperity will rise upwards, just as yeast rises up, through the ranks."
Roosevelt, a democrat ironically enough, mocked this idea himself, however, it has somehow become a staple in politics to claim that this nonexistant theory is somehow the economic position of the Republicans.
Trickle down economics has not worked even once.
By cutting the taxes for the rich, the money they save, so they claim, will some how trickle down to the poor.
By cutting the taxes for the rich, the money they save, so they claim, will some how trickle down to the poor.
by chrischi3 September 14, 2018
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When you would do anything, including taking a club to every person you know, to see top line revenue grow, even if it means eroding profitability and making no money.
Investors: Evan, what's with your financials lately? Revenue is exploding, but you're hemorrhaging cash faster than ever. Do you ever plan to turn a profit? Are you still reading that book on cave man economics?
Evan Spiegel: OOO OOO AHH AHH BIG NUMBER GOOD SMALL NUMBER BAD OOO OOO AHH AHH
Evan Spiegel: OOO OOO AHH AHH BIG NUMBER GOOD SMALL NUMBER BAD OOO OOO AHH AHH
by evan spiegel June 13, 2023
Get the Cave Man Economics mug.A person who cheapens out in every aspect of their life. Someone who defines the essence of cheapness. A tightwad.
by proust23 October 3, 2010
Get the economiser mug.by Puppies14 October 26, 2017
Get the economic activity mug.To obliviously, Ignorantly, and/or foolishly make financial/economic decisions, despite various information, and warnings, and risks, even worse so with other people's money. People who are Economically Tone Deaf are unaware of the long-term consequences and costs of their spendings and investments.
" John's son, Jesus Marry and Joseph, I swear, that man is Economically Tone Deaf. He keeps asking his parents for money just to spend on those stupid monkey images. God, I can't believe he's in his 30's.
by GoodDay20 January 1, 2023
Get the Economically Tone Deaf mug.Anyone that exist on subsidies alone or lives off others (spouse, parents, girlfriend etc), physically healthy and refuses to work. Also; NEP or Nep for short.
by slavenomore7 January 28, 2019
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