this post was submitted on 10 Oct 2023
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[–] LeafOnTheWind@lemmy.world 1 points 1 year ago

Trickle down economics was not a joke to Reagan (publicly anyway). His plan called for massive tax cuts to the rich so their growth would "trickle down" to everyone else through more jobs from business expansion.

A remarkably stupid idea that has only worked out for the rich...