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Trickle-Down Economics
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Journal Article
Trickle-Down Economics
2023
Overview
Trickle-down economics is the hypothesis that when the rich get wealthier, this will positively impact the poor. The rich will lift up the poor into a less poverty-stricken situation. This hypothesis has been widely excoriated in the literature. Sometimes it has been conflated with the Laffer curve. The present paper makes the case that there is more to trickle-down economics than the critics allow.
