Why is trickle-down economics still with us? | Robert Reich

Contributing sentiments towards policy:

51% : What's bizarre about this latest episode of trickle-down economics - the abiding faith on the political right that tax cuts and deregulation are good for an economy - is that this gonzo economic theory continues to live on, notwithstanding its repeated failures.
49% : This gonzo economic theory continues to live on, notwithstanding its repeated failuresWithin weeks of taking office, Britain's new prime minister, Liz Truss, and her chancellor of the exchequer, Kwasi Kwarteng, proposed a radical new set of economic measures that echoed the trickle-down policies of Margaret Thatcher and Ronald Reagan - heavy on tax cuts for the rich and deregulation.
43% : Reagan's tax cuts and deregulation at the start of the 1980s were not responsible for America's rapid growth through the late 1980s.
43% : In recent weeks he praised Ms Truss for her willingness "to challenge the reigning orthodoxy by sharply cutting taxes to boost growth", calling her package "a gutsy and sound policy decision" that "will bring jobs, capital and businesses back to the UK".

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