"Trickle-down": supply-side economics creates tax cuts for the wealthy.
Supply-side economics suggests tax cuts for the wealthy. Those tax cuts will be used to create new jobs. New jobs will give more money to the middle-class.
This economic policy makes sense in theory and in some cases the tax cuts resulted in more jobs and higher wages. However, mostly it led to a large gap in wealth as the wealthy kept the money instead of reinvesting in jobs and wages. Eventually as the US moved industry overseas, tax cuts for the wealthy meant the expansion of jobs overseas instead of American jobs. Meanwhile the middle-class pay higher taxes to make up for the loss of taxes from the upper class.
History, government, sociology and economics.
Answer:
The difference between the Articles of Confederation and Constitution is that the Articles of Confederation are the rules that were agreed by the United States of America in the 18th century whereas the constitution is the rules that democratic countries and other legalized institutions develop to implement law and order in their body.
Explanation:
The difference between the Articles of Confederation and Constitution is that the Articles of Confederation are the rules that were agreed by the United States of America in the 18th century whereas the constitution is the rules that democratic countries and other legalized institutions develop to implement law and order in their body.
Answer:
Cuba
Explanation:
The Sandinista dictatorship of Nicaragua,with the full Cuban-soviet bloc support.
(just did the assignment)
