Who coined the phrase trickle down?
The first reference to trickle-down economics came from American comedian and commentator Will Rogers, who used it to derisively describe President Herbert Hoover’s stimulus efforts during the Great Depression. More recently, opponents of President Ronald Reagan used the term to attack his income tax cuts.Click to see full answer. Keeping this in consideration, when did…
The first reference to trickle-down economics came from American comedian and commentator Will Rogers, who used it to derisively describe President Herbert Hoover’s stimulus efforts during the Great Depression. More recently, opponents of President Ronald Reagan used the term to attack his income tax cuts.Click to see full answer. Keeping this in consideration, when did trickle down economics begin?Most likely, it’s because Laffer’s theory just so happens to serve as the basis for every terrible tax cut that Trump and the Republican party have passed for decades. It all began in 1974, when Laffer walked into a bar with Dick Cheney and Donald Rumsfeld, who were working for the Ford administration at the time.Additionally, what is the opposite of trickle down economics? An opposite version of trickle down economics would be to cut taxes on the people with the lowest income. Also know, did Reagan trickle down work? When Trickle-Down Policies Work. During the Reagan administration, it seemed like trickle-down economics worked. Reagan also cut the corporate tax rate from 46% to 40%. Trickle-down economics was not the only reason2? for the recovery, though.Do economists support trickle down economics?No legitimate “economist” supports Trickle Down economic voodoo because common sense and 36 consecutive years of unequivocal failure of Trickle Down voodoo proves that it doesn’t work.
