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The term itself is used mostly by critics of the concept. The Merriam-Webster Dictionary notes that the first known use of "trickle-down" as an adjective meaning "relating to or working on the principle of trickle-down theory" was in 1944, [13] while the first known use of "trickle-down theory" was in 1954. [14]
Trickle-down theory" or "Trickle-down effect" can refer to two different but related concepts: Trickle-down fashion , a model of product adoption in marketing Trickle-down economics , a theory for tax cuts on high incomes and business activity
Conservatives believed a large tax cut would "boost investment, raise employment, and jump-start the economy", [7] a theory sometimes described as supply-side economics or trickle-down economics. [5] Reducing taxes was one of Brownback's two major stated goals as governor (the other being to increase spending on education). [30]
These include lack of education, continued economic depression, and a gross lack of transparency in the Ethiopian government, as well as many other smaller, trickle down effects. One of the greatest effects the digital divide has one Ethiopia is the lack of education.
The policy recommendation for developing countries was clear: it was not possible to simultaneously decrease poverty and inequality. This perspective was based on the belief that economic growth would eventually lead to a trickle-down effect, where the benefits of growth would eventually reach the poorest members of society.
The trickle-up effect states that policies that directly benefit lower income individuals will boost the income of society as a whole, and thus those benefits will "trickle up" throughout the population. [1] It is the opposite of trickle-down economics.
In 1965, disgusted by what he viewed as confiscatory taxation by the British authorities -- a supertax instituted by the Labor government was taking 95 percent of top earners' income -- George ...
Middle-out economics is held in opposition to Reaganomics, sometimes referred to as trickle-down economics. The term middle-out economics was coined by Eric Liu, a former speechwriter for Bill Clinton, and Nick Hanauer, a venture capitalist. [6] Middle-out economics is a part of Bidenomics. [7] [8]