There is no sucj thing as "trickle down economics." It is something ignorant leftists say.Perhaps you were not yet born when the taxes for the obscene wealthy were at over 90% and the only way for those wealthy folks to escape paying those high prices was to fund things like public hospitals, libraries and programs that helped the community and general population. Somehow during that period we managed to build the last great infrastructure achievement, the Interstate Highway System. We even called that era "Happy Days".
Well no. When top marginal rates were 90% virtually no wealthy person paid any income tax. The high rate discouraged any such income earning and wealth was grown through other means, like securities, municipal bonds and foreign investments. Wealth people are already wealthy, the do not need to earn a taxable income anymore.
When Reagan lowered this rate to something more reasonable, we suddenly had wealthy people encouraged to use their wealth to earn taxable income again. The result was a great increase in tax revenue even though the rate of taxation was lower. As we've raised the rate back up again, this has subsided and we're going back to wealthy people preferring securities and tax-free investments.
It's like, if you had a lemonade stand and you were charging $1 a cup but you decide you can make more money if you charge "well off" patrons $10 a cup... .Well okay, they don't need your lemonade that bad. So they stop buying it altogether and you'll make less money because you've overpriced your product.
More trickle down bullshit
Even Reagans Budget Director David Stockman didn't believe it
Well, "trickle down" is not bullshit, it's the way ALL free market economy works.