Chris, > And that somehow, some of that prosperity will come to you. To me, it sounds like more "trickle-down" dribbly penis discharge.
"Trickle-down economics" is a phrase invented by liberals who don't understand economics.
"By liberals"? I don't think so.
Read on:
"In his March 29 nationally syndicated column, Thomas Sowell claimed that "no one has ever advocated" the "trickle down theory" -- a conservative economic theory that forms the basis of "supply-side" economics, which prescribes investments and tax breaks for businesses in order to stimulate the economy. In fact, former President Ronald Reagan's then-director of the Office of Management and Budget David A. Stockman indicated in a December 1981 interview in Atlantic Monthly that a substantial portion of Reagan's economic policy was based on the "trickle-down theory."
A January 10, 1982, Washington Post article stated the following about Stockman's Atlantic Monthly interview:
David A. Stockman, director of the Office of Management and Budget, in his now famous conversations with Washington Post editor William Greider recorded in an article in the Atlantic Monthly, agreed that a key element of Reagan administration economic policy -- reducing the top personal income tax rate from 70 percent to 50 percent -- was "trickle down."
In order to get Congress to go along with cutting the top rates, the same logic that lower rates would provide incentives to taxpayers whatever their income level had to be devised, Stockman indicated. "It's kind of hard to sell 'trickle down,' so the supply-side formula was the only way to get a tax policy that was really 'trickle down.' Supply-side is 'trickle-down' theory," he said.
mediamatters.org
Like I said you're easily fooled.......and just for the record, Stockman was a GOPer. |
