“Trickle-Down Economics”
Cal Berkeley professor Robert Reich claims that “trickle-down economics was invented by conservatives” to “justify massive tax cuts for the wealthy” and has “been nothing short of a disaster.”
IN FACT, “trickle-down economics” is a misconstrual of free markets and limiting the growth of taxes on everyone. These are among the factors that helped the poorest 20% of Americans achieve a higher standard of living than most middle-income Europeans.
