"trickle down" was touted as fact during all of Reagan's term
Let me fix that for you: Democrats demagogued supply side economics as "trickle-down" as a way of stirring up class envy during all of Reagan's term.
There are two opposite approaches to government stimulating an economy: demand side and supply side. In recent years there have been various stimulus and relief checks mailed out to the taxpayers and these are examples of demand side. There are also various stimulus and relief checks and/or tax rebates given to businesses which are examples of supply side.
Let me fix that for you: Democrats demagogued supply side economics as "trickle-down" as a way of stirring up class envy during all of Reagan's term.
Nice attempt at blame shifting, but:
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.
—David Stockman, The Atlantic. Director of the Office of Management and Budget (1981–1985) under President Ronald Reagan.
In that Atlantic article you quoted, the term "trickle down" is always in quotes to show it is an ersatz term while supply side never is because it is a proper term. Heck, all the comments above even make sure to use quote marks. Everyone on both side of supply side versus demand side apparently recognizes that its just a politicking demogoguery term. Since the first known use is that it was coined by a comedian during the great depression, its amazing anyone thinks it is a term in actual economic theory.
Tragedy of the Commons (Score:1, Troll)
Move in & pay rent...
Tried & failed, more socialist loser think.
Re: (Score:2, Informative)
Move in & pay rent...
Tried & failed, more socialist loser think.
Unlike brilliant capitalist ideas like trickle down economics, the 'Kansas experiment' and subprime mortgages.
Re: (Score:-1, Troll)
Re:Tragedy of the Commons (Score:1)
"trickle down" was touted as fact during all of Reagan's term. What is "straw man" about that?
they were lying sacks of shit back then, and they are lying sacks of shit right now.
Re: (Score:1)
"trickle down" was touted as fact during all of Reagan's term
Let me fix that for you: Democrats demagogued supply side economics as "trickle-down" as a way of stirring up class envy during all of Reagan's term.
There are two opposite approaches to government stimulating an economy: demand side and supply side. In recent years there have been various stimulus and relief checks mailed out to the taxpayers and these are examples of demand side. There are also various stimulus and relief checks and/or tax rebates given to businesses which are examples of supply side.
Pleas
Re:Tragedy of the Commons (Score:4, Informative)
Let me fix that for you: Democrats demagogued supply side economics as "trickle-down" as a way of stirring up class envy during all of Reagan's term.
Nice attempt at blame shifting, but:
...
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.
—David Stockman, The Atlantic. Director of the Office of Management and Budget (1981–1985) under President Ronald Reagan.
Your move
Re: Tragedy of the Commons (Score:2)
In that Atlantic article you quoted, the term "trickle down" is always in quotes to show it is an ersatz term while supply side never is because it is a proper term. Heck, all the comments above even make sure to use quote marks. Everyone on both side of supply side versus demand side apparently recognizes that its just a politicking demogoguery term. Since the first known use is that it was coined by a comedian during the great depression, its amazing anyone thinks it is a term in actual economic theory.
Re: Tragedy of the Commons (Score:1)
Reagan got one thing right and people mistook him then for someone of moderate intellect. When it comes to the economy, government is the problem.