I imagine, however, that Ronald Reagan, his cohorts, and perhaps even his enemies would be absolutely stunned regarding the conditions of our current trickle-down effect.
The California Federation of Teachers created a public relations disaster when it produced a low-brow video featuring a depiction of “trickle down” economics as a “rich” person urinating on the “ordinary people.” EAGnews was the first to report on the tacky video created by California teachers’ representatives.
Dr. Thomas Sowell's "'Trickle Down Theory' and 'Tax Cuts for the Rich'" has just been published by the Hoover Institution. Having read this short paper, the conclusion you must reach is that the term "trickle down theory" is simply a tool of charlatans and political hustlers.
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