Starting in the 1600s, European philosophers began debating the question of who should govern a nation. As the absolute rule of kings weakened, Enlightenment philosophers argued for different forms of democracy.
In 1649, a civil war broke out over who would rule England—Parliament or King Charles I. The war ended with the beheading of the king. Shortly after Charles was executed, an English philosopher, Thomas Hobbes (1588–1679), wrote Leviathan, a defense of the absolute power of kings. The title of the book referred to a leviathan, a mythological, whale-like sea monster that devoured whole ships. Hobbes likened the leviathan to government, a powerful state created to impose order.
According to trickle-down economics, a decrease in taxes for investors increases economic growth.
<u>Explanation</u>:
A decrease in taxes for investors is the reason for the increase in economic growth.
Trickle-down economics, also known as trickle-down theory, refers to the economic principle that taxes on corporations and the wealthiest in society should be lowered as a way of encouraging short-term corporate activity and long-term benefits for society at large.
Supporters of supply-side economic policies such as "Reaganomics" have used the concept in recent times.
