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Explainer: Trickle-down Economics

Tuesday, February 21, 2017 17:36
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from The Conversation

– this post authored by Gigi Foster, University of New South Wales

To anyone who lived through the years of Ronald Reagan’s US presidency, the term “trickle-down economics” should already be familiar. While Reagan wasn’t the first politician to say “trickle down” with a straight face, the economic story signalled by the term was frequently invoked during the Reagan years, most famously to justify massive tax breaks that disproportionately favoured the rich.

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Source: http://econintersect.com/pages/contributors/contributor.php?post=201702211820

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