Trickle-down economics?_其他_趣味英语-查字典英语网

Trickle-down economics?

Trickle-down theory represents one such idea that can supposedly spur economic growth.

In a nutshell, trickle-down theory is based on the premise that within an economy, giving tax breaks to the top earners makes them more likely to earn more. Top earners invest that extra money in productive economic activities or spend more of their time at the high-paying trade they do best (whether that be creating inventions or performing heart surgeries). Either way, these activities will be productive, reinvigorate economic growth and, in the end, generate more tax revenue from these earners and the people they've helped. According to the theory, this boost in growth will ultimately help those in lower income brackets as well.

Although trickle-down economics is often associated with the policies of Ronald Reagan in the 1980s, the theory dates back to the 1920s. The name also has roots in the '20s, when humorist Will Rogers coined the term, saying, “The money was all appropriated for the top in the hopes it would trickle down to the needy” [source: Shafritz].

- How Trickle-down Economics Works, HowStuffWorks.com, undated.

2. This is the same Mitt Romney who doesn't worry that Wall Street financiers — including his own Bain Capital — have put so much pressure on companies for short-term profits that they're still laying off workers and reluctant to take on any more.

And the same Mitt who doesn't want government to spend money repairing our crumbling infrastructure, rebuilding our schools, or rehiring police and firefighters and teachers.