Prominent leftists are aggressively condemning ‘trickle down’ economics as a boondoggle for rich individuals and corporations. Let’s dig in beyond the bumper sticker condemnation, shall we?
What is it? It is an economic policy that seeks to stimulate the economy by reducing taxes across the board creating organic growth through corporate investment, reinvestment, and consumer spending. Think about it, if the government takes less of your money, what are most likely to do with it? Spend it, save it, or invest it - all of which are economically useful.
It also is anti-inflationary because the growth is not created by out of control government money printing - which puts an absurd amount of money into the economy which in turn drives up prices. It’s the same amount of money or moderate monetary growth where the capital is used more productively - by the private sector and not government bureaucrats.
Don’t let the unfounded screeds of people like Robert Reich and others fool you. Supply side economics works. It has always worked and if we ever return to sound fiscal policy in the future it will work once again.
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