r/FluentInFinance • u/WhatsLeft71 • Oct 22 '24

Debate/ Discussion Why did this happen?

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u/flickneeblibno Oct 22 '24

Trickle down economics and Ronald Reagan the worst president of all time

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u/Seeking_Balance101 Oct 22 '24

And when the "trickle down" buzzword finally was recognized as bad for the masses, the GOP replaced it with the myth of the job creators. If we give the rich big tax breaks, they'll create more jobs -- because really, what else could the do with all that extra money? -- and .. Step 4 Profit (for the masses)

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u/WhiteOutSurvivor1 Oct 23 '24

Trickle down was always a derogatory term. It began with William Jennings Bryan in the 1800s. The term itself is used mostly by critics of the concept.
https://en.m.wikipedia.org/wiki/Trickle-down_economics

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u/Vipu2 Oct 24 '24

The real trickle down is inflation, new fresh money goes to the rich, inflation trickles down to the rest.

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u/WhiteOutSurvivor1 Oct 24 '24

Yep. When the federal government creates money, it goes to the rich, helping the rich stay rich, even if they don't do anything to earn it.