5 ms·
This will not be a popular thing to point out, but trickle down theory was never an actual theory. As far as I understand nobody actually advocates for this the
by zthrowaway 6y ago
This will not be a popular thing to point out, but trickle down theory was never an actual theory. As far as I understand nobody actually advocates for this theory on a serious level. Plenty of contemporary economists such as Joseph Stiglitz, Alan Blinder, and Paul Krugman denounce this as a non-existant theory.
- rbanffy 6y agoPoliticians who use it to justify self-serving policies are not well reputed economists, but still define fiscal policies based on flawed economic ideas.
- standardUser 6y agoIsn't "trickle down" just a politicized label for supply-side economics?
- jonathankoren 6y agoYou're looking in the wrong place. It's proponents call it "supply side economics". It is a discredited theory, but it is still popular idea among many serious people in public policy. If you want want a name of one (in)famous proponent, I'll give Arthur Laffer, inventor of the Laffer Curve. The curve says that as tax rates fall, government income goes up due to economic growth. You may have heard of this as, "Tax cuts pay for themselves." He famously invented the curve while drawing on a napkin. The napkin is now housed at the Smithsonian.