Can someone explain what Supply Side Economics and “Trickle Down” are, and why they are seemingly rejected so much?
Is there a big difference between supply-side and trickle-down economics?
ELI5: What is supply-side economics and why is there such opposition to it?
Did supply side economics work? : r/AskEconomics
Videos
I have a basic understanding of what they are. Essentially increasing supply (which usually comes from investments from the wealthy) is the best way to economically grow, and that supply “trickles down”.
Now when I hear people say “trickle down economics doesn’t work”, they usually cite studies that say tax cuts for the rich don’t work. But I would imagine that’s because the tax rates for rich people are already low enough that lowering them more doesn’t have a great benefit. I would imagine if the tax rate for rich people were like a 99% wealth tax tax cuts for the rich would be good.
Aren’t these black and white statements really misleading? Yes trickle down economics doesn’t work but that’s because we already have made it so that more tax cuts don’t trickle down as much. And the neoliberalism in the 80s seemed to have helped a lot from stagnation. Isn’t their a balance between supply side and demand side economics rather than saying one is categorically true