Is trickle-down economics science or scam?

[appalachiablue]

12. Businesses said the same thing about calls for ending child labor and personal abuse

of female employees- that they would just close up, go out of business and die. Their outrage was fake and only aimed to protect their profits and themselves. Obviously the owners survived progressive legislation against abuse of workers.


American humorist Will Rogers called it 'Trickle Up' during the Depression and Pres. Hoover's last years in office, 1932, just before FDR was elected. Will knew what the deal was, that putting more money in the hands of the wealthy would do nothing about the terrible economy. Giving it to the regular people for a while, before they had to hand most of it over to pay living expenses would have been better he said. So somehow after that in the early 1980s the stupid, tricky con was pulled out and used successfully during Reagan. I only learned this a few years ago and was very surprised by it.