Sounds like lbrown is saying that David Stockman, former Reagan administration budget director, used the term "trickle-down". I guess that would answer Sowell's question about who has actually advocated the trickle-down theory. So maybe the theory is that if tax cuts are given to wealthier people and corporations, then they will do better and invest in other business ventures that hire more people. Maybe the difficult and hard-to-swallow fact here is that all economics is "trickle-down" to some extent. The fact is that only a small percentage of people have the luck, talent, and resources to start business or government ventures that allow others to make a living. So in a sense, its all "trickling down" from those people. Of course they are obligated to pay their employees a fair wage, and if they don't, it's wrong. But its also wrong to force them to give a separate chunk of money to others, just because they have been successful. I suppose the early American pioneers who staked out some land and farmed it with their own hands are the closest thing to "non-trickle-down" economics that we've had. But even they had to buy some tools from eastern manufacturers. Plus, realistically they worked harder than most of us today can imagine, so do we really want to go back to that model?
- Merry Christmas! Ed Morrissey 7 hours ago
- Quotes of the day Allahpundit 14 hours ago
- U.S. offering $5 million reward for Al Qaeda capo … who was released from Gitmo in 2006 Allahpundit 17 hours ago
- Sony to make “The Interview” available online beginning at 1 p.m. ET Allahpundit 18 hours ago
- Pelosi to Boehner: Force Grimm to resign over tax-evasion conviction Ed Morrissey 20 hours ago
- ISIS shoots down coalition warplane, captures pilot Noah Rothman 21 hours ago