Trickle-down Economics

    As Ronald Reagan and his sweeping wave of republicans took office in 1980, he brought with him the passionate ideas of reform to a nation broken by an unstable decade. The core belief of his administration was to lessen the role of government on the citizens of America. One of the largest parts of this goal was his theory of trickle-down economics. The concept was if you lowered the taxes upon the rich investors and businesses, the money that they saved from government intervention would be reinvested into the economy and everyone would prosper at every tax bracket from this change. This was met by harsh, critical opposition, which argued that is was simply another republican ploy to create a richer rich class. While this can never be fully proven, the failure of the economic system can be.
    While Reagan's economic reform did help end the recession of the 1970s this was due largely to a decrease of government spending than other factors. At the core trickle-down economics never actually simulated the rich from reinvesting saved money. They simply saw more money in their bank accounts and rested happy with their own economic growth. There were simply not regulations or incentives in place for them to reinvest their savings.
    So why does this idea still pop up today, with leaders like Mr. Trump instituting the same types of tax cuts, naming the same theory for his decisions. This is because Reagan succeeded in one important thing, convincing uneducated Americans that his economic theory was responsible for taking the country out of the depression. No matter how much evidence comes out which opposes this assumption, there will always be a mass who blindly trusts its effectiveness. And, it will mostly likely be a stratedgy used for decades to come.
https://en.wikipedia.org/wiki/Trickle-down_economics
https://www.thebalance.com/trickle-down-economics-theory-effect-does-it-work-3305572