Reagan

  • 02.27.18

    Why We Need Rise-Up Economics, Not Trickle Down

    How to build the economy? Not through trickle-down economics. Tax cuts to the rich and big corporations don't lead to more investment and jobs....

    How to build the economy? Not through trickle-down economics. Tax cuts to the rich and big corporations don’t lead to more investment and jobs. 

  • 10.10.17

    Why The Republican Tax Plan Is More Failed Trickle-Down Economics

    Trump and conservatives in Congress are planning a big tax cut for millionaires and billionaires. To justify it they're using the oldest song in their playbook, claiming tax cuts on the rich will trickle down to working families in the form of stronger economic growth....

    Trump and conservatives in Congress are planning a big tax cut for millionaires and billionaires. To justify it they’re using the oldest song in their playbook, claiming tax cuts on the rich will trickle down to working families in the form of stronger economic growth. 

  • 05.02.17

    Can “Trumponomics” Extend the Recovery?

    In this paper from the Real World Economics Review, Dr. Stephanie Kelton looks at the economic projections for the Trump administration. Kelton approaches "Trumponomics" (economic policies of the Trump administration) through this question: "can "Trumponomics" extend the recovery?" She argues that it will not. F...

    In this paper from the Real World Economics Review, Dr. Stephanie Kelton looks at the economic projections for the Trump administration. 

    Kelton approaches "Trumponomics" (economic policies of the Trump administration) through this question: "can “Trumponomics” extend the recovery?"

    She argues that it will not. First she examines the economy as a whole to establish whether there is room to grow, which she believes there is. Then she looks at the policies put forward by President Trump during the 2016 campaign and his stated economic goals since - she determines that President Trump's statements on economics do not conform with a "conventional ideological matrix." However, Kelton does mention a number of policies that are Reagan-esq that severely benefitted the top 1%:

    Trumponomics Figure 3

    "the benefits of the Reagan expansions went overwhelmingly to those at the top of the income distribution. Tax cuts for the wealthy, attacks on unions, cuts to programs aimed at helping the poor and an obsession with deregulation and “free markets” shifted the balance of power toward owners of capital and ushered in an era of increasing insecurity and growing inequality for the working class."

    Kelton then looks at whether "Trumponomics" can extend the recovery. She draws from a number of economic predictions that show less growth under Trumponomics than under current policies. However, she acknowleges that a number of economists are more positive.