a macroeconomic theory that deals with the aggregate supplu curve instead of the aggregate demand curve. It is a patch to original Keynesian economics which were not concerned with aggregate supply.
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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.
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.
by rustyshackleford January 4, 2008
Get the trickle down economics mug.A sickeningly-glaring comparison of da wasteful nature of many of us "lucky duckies" in da good ol' You-Ess-of-Ay", as opposed to how much cheaper we could accomplish simple stuff if we just paused a moment and used our heads for something besides a hat-rack! Don't even get me **started** on THIS one...!
The American way vs. the economical way "just to change a light bulb" in your Christmas-tree string:
The American way: Freak out, then hop in your CAR, DRIVE to da nearest WAL-MART, BUY a 0%!$@#& ENTIRE PACKAGE OF BULBS, DRIVE back home, remove ONE BULB to replace da spent bulb, and then toss da rest of da bulbs in a junk-drawer, where it'll never see da light of day for decades, whereupon you'll sell it for a quarter at a yard sale! (Note --- extra points if you later discover dat you actually STILL HAD da small bag of spare bulbs dat originally came wif da light string! :P) Total cost: $11 ($8 for da bulbs, $3 for travel-gas)!!
The economical way: Coolly notice da burned-out bulb, then calmly consider your options... first, see if you might actually have a few spare bulbs around; if there isn't a small bag of dem in da box dat da string came in, do you have another light-string you aren't using, and that you could temporarily "borrow" a bulb from? And if not, just don your coat/boots, then take a leisurely stroll around town, looking for homes/stores dat use da same kind of bulb for their own light-strings; go ask these folks if they have any extra bulbs dat came with their light-strings, and if you could purchase one for 25 cents. Or go to da local thrift-store and ask if they have any old/broken light-strings in their rummage-bins dat you could buy cheap, or scrounge for discarded light-strings at da dump. Total cost: ZILCH --- or at most maybe fifty cents for da bulbs!
The American way: Freak out, then hop in your CAR, DRIVE to da nearest WAL-MART, BUY a 0%!$@#& ENTIRE PACKAGE OF BULBS, DRIVE back home, remove ONE BULB to replace da spent bulb, and then toss da rest of da bulbs in a junk-drawer, where it'll never see da light of day for decades, whereupon you'll sell it for a quarter at a yard sale! (Note --- extra points if you later discover dat you actually STILL HAD da small bag of spare bulbs dat originally came wif da light string! :P) Total cost: $11 ($8 for da bulbs, $3 for travel-gas)!!
The economical way: Coolly notice da burned-out bulb, then calmly consider your options... first, see if you might actually have a few spare bulbs around; if there isn't a small bag of dem in da box dat da string came in, do you have another light-string you aren't using, and that you could temporarily "borrow" a bulb from? And if not, just don your coat/boots, then take a leisurely stroll around town, looking for homes/stores dat use da same kind of bulb for their own light-strings; go ask these folks if they have any extra bulbs dat came with their light-strings, and if you could purchase one for 25 cents. Or go to da local thrift-store and ask if they have any old/broken light-strings in their rummage-bins dat you could buy cheap, or scrounge for discarded light-strings at da dump. Total cost: ZILCH --- or at most maybe fifty cents for da bulbs!
by QuacksO August 25, 2018
Get the the American way vs. the economical way mug.The infamous economiqs, he is the best combat player ever in 75th History, he is one of the best people ever, everyone loves him. He has a lot of girls in his DMs everyday.
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Get the economist mug.When here in the USA, the economy has deteriorated, incomes fallen dramatically behind European countries, starvation observed after the loss of non profit organization subsidies shortages, and queues are rife. When wages are halved or gone back to 1970 levels. When U.S. dollars per month on top of state-provided products and services such as a single bar of soap a month, some rice, "ground beef" that is more than 50 per cent soy is redefined by liberals as 100% pure. When paramount stimulus plan issues have been state salaries failing to meet personal needs under the state rationing system chronically plagued with shortages. When the variety and quantity of available rationed goods decline, when We The People and uSA citizens increasingly turn to the black market to obtain basic food, clothing, household, and health amenities. When the informal sector is characterized by what many americans call greed. Where corruption is common. Where preferential treatment exists for those who are members of the Communist/Socialist/Democrat Party or who hold positions of power within the NWO government. When access to transportation, work, housing, university education and better health care are a function of status within the government or the Communist Party. Where you are promised health care but are in fact rationed it when it is made "free".
The Dow is plummeting, AIG is being called on retention bonuses that everybody knew about for almost a year before President Obama signed it into law with knowledge of the exclusion clause, and this tax the rich scam is just another form of Cuban Economics.
by uzi_ March 17, 2009
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