Within weeks of taking office, Britain’s new Prime Minister, Liz Truss, and her chancellor of the Exchequer, Kwasi Kwarteng, proposed a radical new set of economic measures that echoed the trickle-down policies of Margaret Thatcher and Ronald Reagan — heavy on tax cuts for the rich and deregulation.
Why has the public been repeatedly willing to go along with trickle-down economics when nothing ever trickles down? Meanwhile, and largely as a result, America has become more bitterly divided along the fissures of class and education. Donald Trump didn’t cause this. He exploited it.So why is trickle-down economics still with us? What explains the fatal attraction of this repeatedly failed economic theory?
RBReich Focusing on just one mantra of the Rep's game plan isn't quite as effective has doing them all at once; free enterprise, competition, free trade, etc. They all promote the vulture capitalists unstated ideal: Make as much money as you can in whatever way(s) you can away with!
RBReich
RBReich Is are basketball players and Oprah Winfrey a CEO’s What do they produce? Is Bobby the college professor as CEO? He does make $100,000 an hour.
RBReich And let’s not forget who drafted the Reagan “trickle down “ scheme. It was none other than Arthur Laffer!