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What is the trickle down theory in economics?
Trickle-down economics. In recent history, the term has been used by critics of supply-side economic policies, such as ” Reaganomics .”. Whereas general supply-side theory favors lowering taxes overall, trickle-down theory more specifically targets taxes on the upper end of the economic spectrum.
Do trickle-down policies help or hurt growth?
Neither does much for economic growth, critics argue. Critics also attest that any economic growth that’s generated can’t be tied back to the trickle-down policies. Many factors drive growth, including the Federal Reserve Bank’s monetary policy, such as lowering interest rates making loans cheaper.
What is the trickle-down effect in fashion?
The trickle-down effect isn’t to be confused with trickle-down theory, where the latter refers to trickle-down economics and the passing down of tax breaks from the wealthy to the less-wealthy. The trickle-down effect has theoretical implications in the world of fashion, as the spread of fashion is often described as a “movement” of sorts.
What is a trickle-down communication?
Trickle-down communication is a form of organizational communication where the leader only distributes messages and information to the people working directly under him or her. They, in turn, communicate to those working beneath them, until communication flows all the way down through the organization.
Do the benefits of the rich trickle down?
A 2015 paper by researchers for the International Monetary Fund argues that there is no trickle-down effect as the rich get richer: [I]f the income share of the top 20 percent (the rich) increases, then GDP growth actually declines over the medium term, suggesting that the benefits do not trickle down.
What does Arthur Okun mean by trickle down?
Although “trickle-down” is commonly mentioned in reference to income, Arthur Okun has used it to refer to the flow of the benefits of innovation, which do not accrue entirely to the “great entrepreneurs and inventors,” but trickle down to the masses.
How did Mr Hoover know the money would trickle down?
The money was all appropriated for the top in the hopes that it would trickle down to the needy. Mr. Hoover was an engineer. He knew that water trickles down. Put it uphill and let it go and it will reach the driest little spot. But he didn’t know that money trickled up.