this post was submitted on 06 Sep 2023
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[–] [email protected] 12 points 1 year ago (1 children)

Well, that's not really "trickle down" as championed by Reagan, that's more "use it or lose it". He wanted to reduce those crazy high tax rates to give the rich the choice of whether to keep the money for later or to spend it now, with "trickle down" being the phrase to tell people that it's fine, it'll make it's way out to everyone else... eventually?

[–] [email protected] 1 points 1 year ago

Yeah, that and the "rising tide lifts all boats". He neglected to consider that most of us had "run aground" between the 60's and 80's.