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
Get the Trickle Down Economics mug.A guy who answers a question with absolute certainty and then claims he thought he was answering a different question based on people's reaction when he is wrong in order to manifest himself being correct.
John : "Where are crocodiles found?"
Wombat : "They're only found in Australia"
John : *googles it* "No, they're found in Africa and both North and South America as well"
Wombat : "OH! I thought the question was where are crocodiles native to"
John : "You are a Schrodinger's Economist"
Wombat : "They're only found in Australia"
John : *googles it* "No, they're found in Africa and both North and South America as well"
Wombat : "OH! I thought the question was where are crocodiles native to"
John : "You are a Schrodinger's Economist"
by JonathenSmith February 16, 2023
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Ecomom
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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.by insub2 January 19, 2013
Get the Economics mug.When you are low on money and so have to do an eco round on CS (Counter Strike), its easier to hear economatrix than the standard Eco as its longer and the "ix" part is particularly easy to pick out even if others are going "hax! hax! that last round was bull!"
Dave: "Eco" (loads of background noise)
Everyone goes: "What?"
Paul: "Economatrix"
Everyone goes: "oh ok"
Everyone goes: "What?"
Paul: "Economatrix"
Everyone goes: "oh ok"
by Paul Tomlinson April 10, 2005
Get the economatrix mug.Unrestrained greed by Wall Street bankers , Republican puppets and corporate czars-sucking the average American dry and manipulating the voting system to their personal benefit. Their vision for America is a feudal with themselves
above the salt and everyone else a serf.
above the salt and everyone else a serf.
by mr equality 19394 August 12, 2012
Get the Economic Rape mug.Neurodivergent Economics (Neurodivergent Capitalism) is a movement among Neurodivergents aiming to build wellness through the ownership, growing businesses, & supporting economic influences, in the hands of Neurodivergents.
Neurodivergent Economics focuses on investing in Neurodivergent-Owned businesses, community development, possession of land, education, startups, patents, or other resources that support the Neurodivergent Economy.
Supporters of Neurodivergent economics boycott businesses & non-profits that are ableisitic, predatory, or harmful to Neurodivergents or other impacted demographics.
Other forms of direct or indirect support may include related policy or advocacy work, activism, or campaigns for things such as demanding acceptance & raising awareness of information important to Neurodivergents or their communities.
(To prevent appropriation, it should be noted that this is inspired by the wisdom Black Economics / Black Capitalism and should NEVER be used in a manner that detracts from or robs the Black Economy. Furthermore, it is this author's opinion that when Neurodivergents cannot find a fellow Neurodivergent to spend their money with, one might do well to seek that product or service from the Black Community in support and solidarity for fellow impacted demographics. This also honors where our communities intersect for the many ignored, under-diagnosed, and much less frequently assessed Black Neurodivergents."
Neurodivergent Economics focuses on investing in Neurodivergent-Owned businesses, community development, possession of land, education, startups, patents, or other resources that support the Neurodivergent Economy.
Supporters of Neurodivergent economics boycott businesses & non-profits that are ableisitic, predatory, or harmful to Neurodivergents or other impacted demographics.
Other forms of direct or indirect support may include related policy or advocacy work, activism, or campaigns for things such as demanding acceptance & raising awareness of information important to Neurodivergents or their communities.
(To prevent appropriation, it should be noted that this is inspired by the wisdom Black Economics / Black Capitalism and should NEVER be used in a manner that detracts from or robs the Black Economy. Furthermore, it is this author's opinion that when Neurodivergents cannot find a fellow Neurodivergent to spend their money with, one might do well to seek that product or service from the Black Community in support and solidarity for fellow impacted demographics. This also honors where our communities intersect for the many ignored, under-diagnosed, and much less frequently assessed Black Neurodivergents."
"I only by Neurodivergent Pride or Neurodiversity Celebration attire from Actual Neurodivergents to support the Neurodivergent Economy."
"If we want equity & Self-Determination for Neurodivergents, it's time keep our money within our own community by practicing Neurodivergent Economics"
"Every donation that Autism Speaks accepts is an act of theft from the Autistic & Neurodivergent Economy."
"If we want equity & Self-Determination for Neurodivergents, it's time keep our money within our own community by practicing Neurodivergent Economics"
"Every donation that Autism Speaks accepts is an act of theft from the Autistic & Neurodivergent Economy."
by Neuroquid June 6, 2021
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