For a strong history section link to Reagan's taxing policies, the following in the usage>politics could be trimmed and added:
Ronald Reagan's former budget director, championed Reagan's tax cuts at first, but later became critical of them and told journalist William Greider that "supply-side economics" is the trickle-down idea:[1][2]
It's kind of hard to sell 'trickle down,' so the supply-side formula was the only way to get a tax policy that was really 'trickle down.' Supply-side is 'trickle-down' theory.
Political opponents of the Reagan administration soon seized on this language in an effort to brand the administration as caring only about the wealthy.[3]
Recently updated
These items were recently done. Waiting to see if any reverts, etc, before moving to the progress section.
Get UK examples of tax/econ policies that were called "trickle down" listed in the lead.
CURRENTLY IN THE HISTORY SECTION: Friedrich Hayek's economic theories have also been described as trickle-down and associated with Margaret Thatcher and Reagan.[4][5]
Trickle-up economics is terrible. Should be deleted and the minimal usage that does exist should be noted in a section on trickle down article. Recently (Mar 8 2023) removed some bad sources, unsourced material, etc. Trying to prune out the crap and see what remains. There's some good stuff, but not really enough for an article. A section on trickle down is optimal.
This small section on Tax#Reduced_inequality is interesting. If the trickle down article must have effects of policy implementations in it, then "progressive taxes increase income inequality" is an interesting counterpoint to what is currently being pushed there.
Recently added a trickle up section to trickle down. Probably will add a little more than request deletion of trickle up article. Proposed text:
To juxtapose competing economic and political ideas, the terms trickle up and bottom up have been used. For example, the principle behind the Obama administration's actions was referred to as trickle-up economics,[11] but the term bottom-up economics was also used.[12]Biden'sAmerican Rescue Plan was also referred to as trickle up.[13] Accompanying labeling differed from most trickle down labels in that both Obama's and Biden's approaches were characterized as spending heavy programs, rather than tax cuts in any particular tax bracket.[14][15] At the same time, some criticisms of Obama's economic policy were labeled trickle up.[16]
^"Trickle-down economics gets new life as Republicans push tax-cut plan". USA Today. Behind [Republican tax legislation of 2017] is a theory long popular among conservatives: Slash taxes for corporations and rich people, who will then hire, invest and profit — and cause money to trickle into the pockets of ordinary Americans.
^Krugman, Paul (September 16, 2016). "Obama's Trickle-Up Economics". The New York Times. Retrieved 9 February 2023. Republicans accused Mr. Obama of being a "redistributionist," taking money away from "job creators" to give free stuff to the 47 percent. And they claimed that these socialistic policies were destroying incentives and blocking economic recovery.
^"Obama's trickle-up economy". New York Daily News. October 5, 2014. Add it up: Obama's economy has handsomely extended the long winning streak of the rich.