2006-12-15 18:22:08 · 6 answers · asked by Anonymous in Politics & Government ➔ Government
Trickle down theory (or rather mythology) offers no convincing reasons as to why wealthy executives would be willing to share a substantial amount of their increased wealth with the workers on the bottom, or use their increased wealth to benefit anyone but themselves. Can trickle-down theorists produce convincing evidence of this happening? Is it not easier to demonstrate how the ultra-rich are becoming even richer and are using their wealth to benefit only their own kind, and how the middle class is disappearing?
They called it voodoo economics - more like table scrap economics. Trickle down economics reduces the majority of working Americans to receiving the occasional crumbs that fall from rich men's tables.
2006-12-15 18:57:31 · answer #1 · answered by Underground Man 6 · 0⤊ 1⤋
some people would not be happy no matter what the president did, how ever the trickle down theory has proved to be very sound and economically pragmatic, it seems we may have had the best president this nation has had in many years ,
I am referring to Ronald Reagan, of course some will contest this, but statistics prove me out. Reagan was a states man ,
2006-12-15 18:31:58 · answer #2 · answered by james w 3 · 1⤊ 1⤋
"The trickle-down effect is a marketing phenomenon that affects many consumer goods, including new technology and fashion. Initially a product may be so expensive that only wealthy people can afford it. Over time, however, the price will fall until it is available to the general public.[1]"
2006-12-15 18:25:05 · answer #3 · answered by Anonymous · 0⤊ 1⤋
It's a theory to justify giving tax breaks for the rich, so they in turn will give more money to the Republican party. The way it is fed to the American public is that if you give tax breaks to the wealthy, then they will pass on the profits to the lower classes. This will create more jobs, at higher wages. However, it as been shown that this is not the case, instead the wealthy just pocket the money.
2006-12-15 18:36:20 · answer #4 · answered by Count Acumen 5 · 1⤊ 1⤋
Trickle down economics. Company increases its profits, it will pay employees more. Employees will buy more stuff allowing other companies to increase profits and pay employees more. This assumes that the company is going to share the wealth.
2006-12-15 18:25:49 · answer #5 · answered by sandcatsle 5 · 2⤊ 1⤋
Yep! Trickle down economics... aka Reganomics. Good stuff.
2006-12-15 18:24:33 · answer #6 · answered by Paul T 4 · 1⤊ 2⤋