3 ms·
Trickle-down economics didn't start with Reagan. One reference to it from 1896: > There are two ideas of government. There are those who believe that if you ju
by throw0101a 5y ago
Trickle-down economics didn't start with Reagan. One reference to it from 1896:
> There are two ideas of government. There are those who believe that if you just legislate to make the well-to-do prosperous, that their prosperity will leak through on those below. The Democratic idea has been that if you legislate to make the masses prosperous their prosperity will find its way up and through every class that rests upon it.[19]
* https://en.wikipedia.org/wiki/Trickle-down_economics https://en.wikipedia.org/wiki/Trickle-down_economics
See also:
> Mr. David Stockman has said that supply-side economics was merely a cover for the trickle-down approach to economic policy—what an older and less elegant generation called the horse-and-sparrow theory: 'If you feed the horse enough oats, some will pass through to the road for the sparrows.'[33]
* Ibid.
- Digit-Al 5y agoThe article did not claim it started with Reagan. > In America, trickle-down was exemplified by President Ronald Reagan's tax slashes.