In short: because trickle-down Economics doesn't work. The better answer is that trickle-down economics doesn't have any measurable beneficial result -- lowering specific taxes like corporate tax rates or capital gains taxes don't magically create jobs -- they merely benefit a handful of people who may spend that money anywhere -- overseas, on foreign good, etc -- or sit on that money, like many of the richest people in the nation do. That doesn't benefit the economy. By contrast, lowering the income taxes of other social classes makes them richer consumers -- people need money to spend money. Also, raising their wages gives them more money to spend (wages=demand).
Banks refused to lend to buisnesses.
Ronald Ragen
Ronald Reagan first promoted trickle down economics.
Trickle down economics was an economic policy supported by Ronald Reagan.
Ronald Reagan believed in the principle of trickle down economics.
Which President is linked to the trickle down theory of economic
Banks refused to lend to buisnesses.
Banks refused to lend to buisnesses.
He had the Stimulus Economics, the Trickle down Economics, and Rugged Individualism. The only actual good economic idea he had however, was the Hoover Dam.
europe should provide help
In short: because trickle-down Economics doesn't work. The better answer is that trickle-down economics doesn't have any measurable beneficial result -- lowering specific taxes like corporate tax rates or capital gains taxes don't magically create jobs -- they merely benefit a handful of people who may spend that money anywhere -- overseas, on foreign good, etc -- or sit on that money, like many of the richest people in the nation do. That doesn't benefit the economy. By contrast, lowering the income taxes of other social classes makes them richer consumers -- people need money to spend money. Also, raising their wages gives them more money to spend (wages=demand).
In short: because trickle-down Economics doesn't work. The better answer is that trickle-down economics doesn't have any measurable beneficial result -- lowering specific taxes like corporate tax rates or capital gains taxes don't magically create jobs -- they merely benefit a handful of people who may spend that money anywhere -- overseas, on foreign good, etc -- or sit on that money, like many of the richest people in the nation do. That doesn't benefit the economy. By contrast, lowering the income taxes of other social classes makes them richer consumers -- people need money to spend money. Also, raising their wages gives them more money to spend (wages=demand).
Ronald Ragen
Ronald Reagan first promoted trickle down economics.
Hoover believed in trickle down Economics and he didn't provide direct relief to the poor. He also bailed out buisinessess.
Trickle down economics was an economic policy supported by Ronald Reagan.
Hoover believed in trickle down economics and he didn't provide direct relief to the poor. He also bailed out buisinessess.
In short: because trickle-down Economics doesn't work. The better answer is that trickle-down economics doesn't have any measurable beneficial result -- lowering specific taxes like corporate tax rates or capital gains taxes don't magically create jobs -- they merely benefit a handful of people who may spend that money anywhere -- overseas, on foreign good, etc -- or sit on that money, like many of the richest people in the nation do. That doesn't benefit the economy. By contrast, lowering the income taxes of other social classes makes them richer consumers -- people need money to spend money. Also, raising their wages gives them more money to spend (wages=demand).