We can accept that "supply-side economics" is a policy rebranding, but it is not a rebranding of "trickle-down economics". That is abundantly clear. There has never been a policy known as "trickle-down economics".
We can accept that "supply-side economics" is a policy rebranding, but it is not a rebranding of "trickle-down economics". That is abundantly clear. There has never been a policy known as "trickle-down economics".
"Trickle-up economics" has never been formally used to refer to a policy either, but at least if you called it that we would understand what you are trying to say. "Trickle-down economics" doesn't even make sense beyond a device used to setup a joke. It is bizarre that you keep going there.
No, cool tech does not make up for the ruinous cost of health care, housing, and education vs median wages. Maslow's Hierarchy still exists. A system that fails to deliver food and shelter for a reasonable number of worked hours at a reasonable and available job is still a failure no matter how cool the Big Screen TVs are.
If other jobs are not fruitful enough to provide food and shelter then the worker can simply go direct to producing food and shelter themselves. That baseline is always available.
At least it is as long as you have land. That is where relative wealth inequality can quickly come to bite you. That is why nobody gives a shit about the pie growing. They only care about the pie having equally divided slices.
These silly catchphrases you keep coming up with do nothing to change reality.
Reagan's people would disagree:
> Ronald Reagan launched his 1980 campaign for the presidency on a platform advocating for supply-side economics. During the 1980 Republican Party presidential primaries, George H. W. Bush had derided Reagan's economic approach as "voodoo economics".[16] Following Reagan's election, the "trickle-down" reached wide circulation with the publication of "The Education of David Stockman", a December 1981 interview of Reagan's incoming Office of Management and Budget director David Stockman, in the magazine Atlantic Monthly. In the interview, Stockman expressed doubts about supply side economics, telling journalist William Greider that the Kemp–Roth Tax Cut was a way to rebrand a tax cut for the top income bracket to make it easier to pass into law.[17] Stockman said that "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."[17][18][19] Reagan administration officials including Michael Deaver wanted Stockman to be fired in response to his comments, but he was ultimately kept on in exchange for a private apology.[20]