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In contrast, an increase in the income share of the bottom 20 percent (the poor) is associated with higher GDP growth. Tcherneva described the failings of increasing economic gains of the rich without commensurate participation by the working and middle classes, referring to the problematic policies as "Reagan-style trickle-down economics," and "a trickle-down, financial-sector-driven policy regime".
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Whereas general supply-side theory favors lowering taxes overall, trickle-down theory more specifically targets taxes on the upper end of the economic spectrum.
The term "trickle-down" originated as a joke by humorist Will Rogers and today is often used to criticize economic policies which favor the wealthy or privileged, while being framed as good for the average citizen.
President, the trickle-down theory attributed to the Republican Party has never been articulated by President Reagan and has never been articulated by President Bush and has never been advocated by either one of them.
One might argue whether trickle down makes any sense or not.
The money was all appropriated for the top in the hopes that it would trickle down to the needy. They saved the big banks, but the little ones went up the flue.
The philosophy that had prevailed in Washington since 1921, that the object of government was to provide prosperity for those who lived and worked at the top of the economic pyramid, in the belief that prosperity would trickle down to the bottom of the heap and benefit all. Johnson, a Democrat, alleged "Republicans [...] simply don't know how to manage the economy.Most people are working harder for less money than they were making 10 years ago" A 2012 study by the Tax Justice Network indicates that wealth of the super-rich does not trickle down to improve the economy, but tends to be amassed and sheltered in tax havens with a negative effect on the tax bases of the home economy.Some people continue to defend trickle-down theories which assume that economic growth, encouraged by a free market, will inevitably succeed in bringing about greater justice and inclusiveness in the world.But that was six years ago, and in the intervening time he seems to have been pushed by his marketing team too hard for his own good.There’s no question about his technical prowess, but his musical judgment has been at times erratic.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.Tags: Adult Dating, affair dating, sex dating