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submitted 1 year ago by NightOwl@lemm.ee to c/canada@lemmy.ca
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[-] LeafOnTheWind@lemmy.world 4 points 1 year ago

Ah yes, trickle down house-enomics.

[-] nik282000@lemmy.ca 2 points 1 year ago

Not enough people say this, fuck Regan!

[-] Rocket@lemmy.ca -1 points 1 year ago* (last edited 1 year ago)

Regan? What? Are you struggling to spell (Will) Rogers? It is he who coined 'trickle down economics' – as a joke – and it was in reference to Hoover. Regan enters the picture nowhere. He has no connection to trickle down, housing in Montreal, or anything to do with Canada at all.

[-] nik282000@lemmy.ca 2 points 1 year ago

Ronald Reagan's economic policies, dubbed "Reaganomics" by opponents, included large tax cuts and were characterized as trickle-down economics.

[-] Rocket@lemmy.ca -1 points 1 year ago* (last edited 1 year ago)

Characterized by who? Trickle down economics isn't an actual thing, just a joke that made fun of Hoover's engineering background making him familiar with water tricking down, but not realizing that money 'trickles up'.

this post was submitted on 10 Oct 2023
93 points (97.0% liked)

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