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Ronald Ragen

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Will Schultz

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1y ago
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10y ago

Trickle-down economics is the theory that if corporate taxes are reduced, the money saved will trickle down to the workers and consumers via higher salaries and lower prices. It is usually used derogatorily, I think, and is often tied to Reaganomics, although Ronald Reagan never used the term.

The discussion suggests the trickle down theory must have been Calvin Coolidge's and Herbert Hoover's plan to fix the depression. There is also a quote from John Kennedy that seems to relate to the idea.

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13y ago
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Q: What president came up with trickle down economics?
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