The only thing that I laugh about this now is that they bothered to even come up with a fig leaf to cover it.

And I give them the chef’s kiss for “trickle down economics.’

"Trickle-down economics" was a sarcastic take on supply-side economics.*

The emphasis is on "trickle" (to flow or fall in drops or in a thin stream; to move or proceed slowly or bit by bit).

I am always surprised how many people are unaware of this. Your collection of charts clearly shows how supply-side economics functions.

Cheers!

* See, for example:
knowledge.wharton.upenn.edu/ar…

[Edit: "functions"; supply-side doesn't work.]

#Economics #Economy #TrickleDown #SupplySideEconomics

Does Trickle-down Economics Add Up – or Is It a Drop in the Bucket?

The truth about trickle-down economics is that it’s a shallow way of trying to get at a very complicated question: How do tax cuts really play out in the economy?

^{Knowledge at Wharton Staff (Knowledge@Wharton)}

Judging by your profile pic, Old Ronzo was before your time. His real legacy was obvious in real time. You can't be conned unless you want to be conned, and, man oh man, were people ready for a sweet smooth con job.

The thing is, nobody gets elected by saying "I'm gonna give all your money to rich people cuz they pay me."

So you call it "trickle down." Or "austerity." Or "balancing the budget." All of which sounds sensible and -- the tell -- never happens.