Biden’s populist budget marks the overdue end of trickle-down economics
It is high time we bid adieu to the failed economic concept known as trickle-down economics. In its essence, this theory posits that by enriching the wealthy, their prosperity will eventually “trickle down” to benefit the rest of society. However, as we have witnessed over the years, this approach has only served to widen the gap between the rich and the poor, leaving the majority of the population struggling while the top echelon continues to amass wealth.
The recent unveiling of President Biden’s populist budget signifies a bold step towards dismantling the legacy of trickle-down economics. By focusing on measures that seek to uplift the middle and working class, such as childcare subsidies, we are finally seeing a shift towards prioritizing the needs of the many over the few.… Continue reading
John Q. Hosedrinker