What is trickle-down economics based on?
Trickle-down economics involves less regulation and tax cuts for those in high-income tax brackets as well as corporations. Critics argue that the added benefits the wealthy receive add to the growing income inequality in the country.
Who believed trickle-down economics?
The term “trickle-down” originated as a joke by humorist Will Rogers and today is often used to criticize economic policies that favor the wealthy or privileged while being framed as good for the average citizen.
What is trickle-down economics also known as?
TRICKLE-DOWN ECONOMICS. A derogatory term applied to Reaganomics, or supply-side economics, trickle-down economics is the theory that tax cuts for the wealthy merely “trickled down” to the bottom groups and that the rich benefited at the expense of the economy.
When was trickle-down theory created?
It was devised by Democrats in the 1980s as a way to attack President Reagan’s economic policy combination of tax rate cuts and some relaxation of federal regulations.
Who started the trickle down effect?
The trickle-down effect can trace its origins to the 19th Century, with the work of Rudolf von Jhering, who was the first to write about cultural diffusion. He traced how fashions filtered down from the upper classes to the lower classes.
What is meant by trickle down effect?
The trickle-down effect is a term used in marketing and advertising. It can refer to the notion that fashion trends “trickle-down” from upper-class citizens to lower-class citizens, or that as a product becomes widely adopted, the price falls.
What’s another word for trickle-down?
In this page you can discover 5 synonyms, antonyms, idiomatic expressions, and related words for trickle-down, like: spillover, wither-away, dry up, in combination and knock-on.
Who started the trickle-down effect?
What is meant by trickle down effect ‘?
What is meant by trickle-down effect ‘?
What is meant by the term trickle-down?
adjective. trick·le-down ˈtri-kəl-ˈdau̇n. : relating to or working on the principle of trickle-down theory. trickle-down economics. : relating to or being an effect caused gradually by remote or indirect influences.
What is another word for trickle-down?