Good, prove my statement incorrect.
I‘ll wait...
If not for logical fallacy, leftists would never be in the same galaxy as logic.
Explain to the class what "trickle down economics" is and who has advocated it.
You (dishonestly) claim {
Trickle down economics does a spectacular job increasing deficits.
}
Show where this fictitious system has been used and how it spurred deficits?
Leftists?
Enjoy the read:
In modern capitalism, the rich getting richer has become a regrettable truism; nowhere is this undeniable truth more evident than in the United States’ current tax policy. From the late 20th century onward, overall tax rates on the richest 400 households in the US have plunged, progressively...
brownpoliticalreview.org
{ The regressive nature of the American tax system today, particularly as it affects wealthy elites, }
SO the author is not only dishonest, but abjectly ignorant.
{ A
regressive tax is a tax applied uniformly, taking a larger percentage of income from low-income earners than from high-income earners. It is in opposition to a
progressive tax, which takes a larger percentage from high-income earners. }
Okay, so the dude is a fucking liar pushing his socialist agenda in direct contradiction to facts.
That defines most of what the left vomits out.
{ the theory that undergirds this phenomenon, dubbed
“trickle-down economics” by its myriad critics, is a macroeconomic fallacy. }
Wait, so those who use the term are actually engaged in ad hominem attacks?
Well, DAYUM.
{ The results of this so-called Reaganomics platform were mixed, as these laissez-faire policies overcame the existing recession but caused the national debt to skyrocket from under $1 trillion in 1981 to roughly $2.9 trillion by 1989. }
Unless of course it was actually defense spending that increased..
But I'm not here to debate some leftist rag. If Matthew Lichtblau wants to join the forum, I'll be happy to take him to the woodshed as the disingenuous fool he is.
So you ran to google, but in no way supported your claims.
Want to try again?