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
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!
by maximo hudson July 21, 2011
by Baldr57 April 22, 2018
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
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.
by BoB123456 January 04, 2008
n.
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 rightards and Republicunts. Was responsible for the economic disaster that was the Great Depression.
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 rightards 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...
by Lenin's Bastard Son March 31, 2004
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.
Herbert Hoover used trickle down economics, taking money from the poor and giving it to the wealthy. He is responsible for the Great Depression.
by SpacePope March 05, 2004
An idiotic excuse for an economic policy. Practiced by President Herbert Hoover, to no beneficial effect.
by Albie Wangsta April 13, 2004