Recent analysis by the bipartisan CBO have shown the theory, along with all its manifestations, to be utterly false - the rich really did get richer and the poor really did get poorer.
October 27, 2011
The death of Reaganomics.
The actor Ronald Reagan was also known for his promotion of supply side economics, a theory which argued that economic growth would be generated by lowering both taxes and regulations. One of the alleged benefits became known as trickle down economics where the reduction of taxation to the wealthy would further drive the economy as a whole thereby benefiting poorer members of society.
Recent analysis by the bipartisan CBO have shown the theory, along with all its manifestations, to be utterly false - the rich really did get richer and the poor really did get poorer.
Recent analysis by the bipartisan CBO have shown the theory, along with all its manifestations, to be utterly false - the rich really did get richer and the poor really did get poorer.
