critics called president reagans economic plan \trickle - down economics.\ the term described his plan to…
critics called president reagans economic plan \trickle - down economics.\ the term described his plan to cut taxes, allowing money to trickle down from consumers to investors. the wealthy to the poor. businesses to consumers. the wealthy to the government.
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Brief Explanations:
Trickle - down economics posits that benefits for the wealthy, like tax cuts, will eventually benefit the less - wealthy as the wealthy invest, create jobs, etc.
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the wealthy to the poor.