Reagan was the best president of my lifetime and trickle down economics most certainly do work.
some reading you might wanna do.
from
the balance:
During the
Reagan Administration, it seemed like trickle-down economics worked. His policies, known as
Reaganomics, helped end the
1980 recession.
Reagan cut taxes significantly. The
top tax rate fell from 70 percent (for those earning $108,000+) to 28 percent (for anyone with an income of $18,500 or more). Reagan also cut the
corporate tax rate from 46-40 percent.
Trickle-down economics was not the only reason for the recovery, though. Reagan also increased
government spending by 2.5 percent a year.
That almost tripled the federal debt. It grew from $997 billion in 1981 to $2.85 trillion in 1989. Most of the new spending went to defense. It supported Reagan's successful efforts to end the Cold War and bring down the Soviet Union. Trickle-down economics, in its pure form, was never tested. It's just as likely that massive government spending ended the recession. (Source: William A. Niskanen, "
Reaganomics," Library of Economics and Liberty.)
and then there's the recent example of kansas' disastrous attempt at trickle down economics.
The Republican Legislature and much of Kansas has finally turned on Gov. Sam Brownback in his disastrous five-year experiment to prove the Republicans’ “trickle down” fantasy can work in real life — that huge tax cuts magically result in economic growth and more, not less, revenue. Kansas has painfully found otherwise: State revenues dwindled along with job growth. Budget deficits ballooned. Education funding plummeted, and the state suffered multiple credit downgrades as Mr. Brownback played the mad doctor of supply-side economics.
