Quick poll: who here has heard of trickle-down economics? Hopefully most of you. Now who here actually believes it works at all? Anyone who does, let me know, I have a fantastic bridge related investment for you.
For those of you who hypothetically haven’t heard of trickle-down economics, it’s pretty simple. Originally espoused by Ronald Reagan, it essentially says that if the tax rates are cut for the wealthy, they will prosper, and their spending will “trickle down” to everyone else and revitalize the economy. Helping the rich helps you!