Thanks to Ronald Regan. Another right wing dolt.

It was invented by fucking Margaret Thatcher.

Uh no. It was based on the Laffer curve which was the work of Arthur Laffer. This piece of economic theory is probably the cause of more human suffering than most over military action. Blind belief in the markets is a simplified world view. But the Chicago school lives on.

I barely survived through Thatchers trickle down reforms as a nipper. So your flippant argument of “Uh, no it was Arthur Laffer,” a non elected person that no one has ever heard of, is moot.

I suppose you are correct. But Laffer was on Reagan's council of economic advisors. The justification was as usual some ghoul taking an economic theory out of context and running with it. Economists should be aware of what they theorize, because politicians don't care about your assumptions.

Not the same,respectfully.

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Followed

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Sounded illogical to young me at the time and it still sounds stupid. Reagan ran on it and stupid ppl bought into it then just like magats (also stupid ppl) bought the crap tRump was selling.

I know right? What is it about Trump, a New York real estate magnate who is only rich because his Daddy was, and who has a long record of grifting, that makes him the hero of so many low income workers? The mice are voting for the cat.

Geyser up economics ..

1932 Will Rogers, you only missed by about 50 years. Good try.

Will Roger's coined the term "Trickle down", but Reaganomics is where it was applied....

The mime does say "invented," not applied.

Yes & the association w which we use the phrase in modern times.

... Graduated in 1973 .. All my adult working life was under this bullshit ...

In solidarity The Movement of 70d & 70s that produced social policy change took place on the backdrop of a healthy labor sector. The revenge tour, culminating in this nationalism, stands on the shoulders of wage theft. I will be out there until tfg is OUT OF THERE

Exactly 💯

It's a great experiment for Europeans to look at and say, we don't even need to try that

for who? it did exactly what they wanted. worked out great for them.

I was around back then and I remember telling Reagan on tv to go screw himself. It was a joke then and it’s a travesty now.

And let's not forget that Bush Sr. called it "voodoo economics" until Reagan tapped him for VP - THEN it was "smart!"

I went to school before it was called "trickle down". It was called "horse and sparrow economics" You feed the horse and what he shits out, the sparrow gets what's edible.

Different era, same old shit. Us 99% need to take this seriously. Profits are the stolen wages of the working class. Boycott and strike. Sickouts and sit -downs. We have nothing to lose but our chains- Karl Marx

"... the most important word in the language of the working class is solidarity."

The two S words the 1% hate: Socialism and Solidarity. Two words that a humane society needs above all else. Except the 1%. They like to vilify them.

Just like the republikkkans now. They mother fu**ed tRumpy until he had the reigns. Now everything he proposes is “brilliant”. Cult members get the votes. Their souls are sold.

Fuck Robert Reich. His boss Bill Clinton did nothing to alter trickle-down economics and incorporated that ideology and billionaire money into the Dem Party. We have Trump as a direct result of Clinton’s toxic third-way capitalist bullshit in the Dem Party. Fuck Reich. Fuck Clinton.

If we give corporations more money, they'll give us far more in return" is the stupidest thing ever uttered.

It’s been very successful for the rich. Almost all our wealth has been transferred to the top 1%. In the US, the IRS is a tool of the wealthy and an oppressor to the poor.

The trinkle down effect was ronald reagan's scam. And nobody has reversed this Scam. If anything they've added to it.🤬🤬🤬

We’ve been on this hamster wheel for 40 years.

And, the architect and chief proponent, Lee Atwater, admitted later in life (after being diagnosed with cancer) that supply side economics (trickle down) was pure, unadulterated bullshit. He confessed it all in his biography. Remember George HW Bush calling it "voodoo economics"?

The only thing that trickles down is warm and yellow and by the time it gets to the bottom it ain’t even warm anymore.

I'm STILL waiting to be trickled on by the Reagan administration...

Still waiting for my trickle down.

Absolutely. It was all a lie. Nothing flowed down to us. It went to bonuses, parties, more "pay" for the billionaires, more stock buybacks, more offshoring of money to Switzerland or the Cayman Islands, and more money to lobby politicians to give them MORE money. A positive feedback loop of shit.

Enemies of the USA.

it was stupid then and it's completely brain-dead at this point

Totally agree