Source: Ludwig von Mises Institute
by Daniel Kowalski
“On April 6, 2023, President Joe Biden’s Twitter account sent the following message: ‘Trickle-down economics doesn’t work.’ Trickle-down economics is a phrase that is often thrown around negatively to ridicule those who believe that the free-market system is the best way to regulate the economy. ‘Trickle-down theory’ was never coined by economists, and the term has two possible origins, both of which were meant to discredit those who wanted less government involvement in the economy. It’s an ironic term as well because those who shout that ‘trickle-down economics doesn’t work’ seem to be zealots in the belief that higher taxes paid to the government on all levels will trickle down and eventually benefit everyone.” (05/19/23)
https://mises.org/wire/government-redistribution-real-trickle-down-economics