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HandWiki. Trickle-Down Economics. Encyclopedia. Available online: https://encyclopedia.pub/entry/37731 (accessed on 23 September 2026).
HandWiki. Trickle-Down Economics. Encyclopedia. Available at: https://encyclopedia.pub/entry/37731. Accessed September 23, 2026.
HandWiki. "Trickle-Down Economics" Encyclopedia, https://encyclopedia.pub/entry/37731 (accessed September 23, 2026).
HandWiki. (2022, December 02). Trickle-Down Economics. In Encyclopedia. https://encyclopedia.pub/entry/37731
HandWiki. "Trickle-Down Economics." Encyclopedia. Web. 02 December, 2022.
Trickle-Down Economics
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The content is sourced from: https://handwiki.org/wiki/Social:Trickle-down_economics

Trickle-down economics, also called trickle-down theory, refers to the economic proposition that taxes on businesses and the wealthy in society should be reduced as a means to stimulate business investment in the short term and benefit society at large in the long term. In recent history, the term has been used by critics of supply-side economic policies, such as "Reaganomics". Whereas general supply-side theory favors lowering taxes overall, trickle-down theory more specifically targets taxes on the upper end of the economic spectrum. The term "trickle-down" originated as a joke by humorist Will Rogers and today is often used to criticize economic policies that favor the wealthy or privileged while being framed as good for the average citizen. David Stockman, who as Ronald Reagan's budget director championed Reagan's tax cuts at first, later became critical of them and told journalist William Greider that "supply-side economics" is the trickle-down idea: Political opponents of the Reagan administration soon seized on this language in an effort to brand the administration as caring only about the wealthy. Some studies suggest a link between trickle-down economics and reduced growth. Trickle-down economics has been widely criticized, particularly by left-wing, centre-left and moderate politicians and economists, but also some right-wing politicians. A 2019 study in the Journal of Political Economy found, contrary to trickle-down theory, that "the positive relationship between tax cuts and employment growth is largely driven by tax cuts for lower-income groups and that the effect of tax cuts for the top 10 percent on employment growth is small."

trickle-down reaganomics employment growth

References

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  2. Baker, Andrew, David Hudson, and Richard Woodward. 2005. Governing Financial Globalization: International Political Economy and Multi-Level Governance. London; New York: Routledge. p. 26. ISBN:9780203479278 https://books.google.com/books?id=TxaAAgAAQBAJ&pg=PA26&dq=
  3. Bryan's "Cross of Gold" Speech: Mesmerizing the Masses, historymatters.com http://historymatters.gmu.edu/d/5354/
  4. "Will Rogers on "trickle up" economics". 2015-01-30. http://wiredpen.com/2015/01/30/will-rogers-trickle-economics/. 
  5. Bennett, William J. (2007). America: The Last Best Hope. Harper Collins. p. 78. ISBN:1595551115. https://books.google.com/books?id=PLP5U-M8dhoC&printsec=frontcover&dq=rosenman+the+belief+that+prosperity+would+trickle+down+to+the+bottom+of+the+heap&hl=en&sa=X&ved=0ahUKEwigkbm_2eTQAhUCq1QKHS_GAvwQ6AEIKDAC#v=onepage&q=trickle&f=false
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  8. Janos, Leo. "The Last Days of the President". theatlantic.com. https://www.theatlantic.com/past/docs/issues/73jul/janos.htm. 
  9. Okun, Arthur M. (1975) (in en). Equality and Efficiency, the Big Tradeoff. Brookings Institution. pp. 46–47. ISBN 9780815764762. https://archive.org/details/equalityefficien0000okun. 
  10. Nordhaus, William D. (April 2004). Schumpeterian Profits in the American Economy: Theory and Measurement. National Bureau of Economic Research. http://www.nber.org/papers/w10433. 
  11. Romer, Paul (1994-02-01). "New goods, old theory, and the welfare costs of trade restrictions". Journal of Development Economics 43 (1): 5–38. doi:10.1016/0304-3878(94)90021-3. ISSN 0304-3878.  https://dx.doi.org/10.1016%2F0304-3878%2894%2990021-3
  12. Baumol, William J. (2010-07-01) (in en). The Microtheory of Innovative Entrepreneurship. Princeton University Press. pp. 80. ISBN 9781400835225. https://books.google.com.sg/books?id=REsy7T4EO8gC. 
  13. Hank Brown. Congressional Record, March 24, 1992.
  14. "Trickle Down" Theory and "Tax Cuts for the Rich". http://www.tsowell.com/images/Hoover%20Proof.pdf
  15. Galbraith, John Kenneth (February 4, 1982) "Recession Economics." New York Review of Books Volume 29, Number 1. http://www.nybooks.com/articles/archives/1982/feb/04/recession-economics/
  16. "Reagonomics or 'voodoo economics'?". BBC News. 2004-06-05. http://news.bbc.co.uk/1/hi/world/americas/270292.stm. Retrieved 2012-01-04. 
  17. "The Living Room Candidate - Commercials - 1992 - Trickle Down" (in en). http://www.livingroomcandidate.org/commercials/1992/trickle-down. 
  18. "Bill Clinton Won 1992 Town Hall Debate By Engaging With One Voter" (in en). http://www.huffingtonpost.com/2012/10/16/bill-clinton-debate_n_1971685.html. 
  19. Chapman, Kate (October 28, 2011). "Labour campaign video harks back to history" (in English). Stuff.co.nz. http://www.stuff.co.nz/national/politics/5870477/Labour-campaign-video-harks-back-to-history. 
  20. Heather Stewart (July 21, 2012). "Wealth doesn't trickle down – it just floods offshore, research reveals". The Guardian (London). https://www.theguardian.com/business/2012/jul/21/offshore-wealth-global-economy-tax-havens. Retrieved August 6, 2012. 
  21. "Evangelii Gaudium : Apostolic Exhortation on the Proclamation of the Gospel in Today's World". vatican.va. http://w2.vatican.va/content/Francesco/en/apost_exhortations/documents/papa-francesco_esortazione-ap_20131124_evangelii-Gaudium.html#No_to_an_economy_of_exclusion. 
  22. Era Dabla-Norris; Kalpana Kochhar; Nujin Suphaphiphat; Frantisek Ricka; Evridiki Tsounta (June 15, 2015). Causes and Consequences of Income Inequality: A Global Perspective. International Monetary Fund. Retrieved June 25, 2015. http://www.imf.org/external/pubs/cat/longres.aspx?sk=42986.0
  23. Tcherneva, Pavlina (March 2015). "When a Rising Tide Sinks Most Boats: Trends in US Income Inequality". Bard College. http://www.levyinstitute.org/pubs/pn_15_4.pdf. Retrieved November 25, 2016. 
  24. Jacob Pramuk (September 26, 2016). "Clinton: Trump would cut taxes for the rich in 'trumped up' trickle down economics". CNBC. https://www.cnbc.com/2016/09/26/clinton-trump-would-cut-taxes-for-the-rich-in-trump-dump-economics.html. 
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