“I am sick and tired of trickle-down economics,” says President Joe Biden. “It has never worked.”
Of course it has never worked. It has never worked because it has never been tried or even proposed. Trickle-down economics is a myth — a left-wing parody of what conservative politicians are supposed to believe.
The fact that “trickle down” is a trick of propaganda did not stop it being trotted out regularly over the next hundred years, and with great success. Lefties love to fulminate against it. I just typed “trickle-down economics” into Google and was prompted with “debunked,” “doesn’t work,” and “Reagan.” What I couldn’t find was anyone actually proposing the idea. Yet the notion keeps going, zombielike, dragging its malodorous, bandaged corpse forward, however often it is shot.
The British media self-importantly assume that the president’s remarks are aimed at Liz Truss, the Thatcherite prime minister, whose first budget did indeed cut, flatten, and simplify tax rates, prompting furious protests from Labour and the leftist press to the effect that “trickle down” doesn’t work.
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