Explain Coolidge’s idea of Trickle Down Economics.

1 answer:

5 0

Trickle-down economics, or “trickle-down theory,” states that tax breaks and benefits for corporations and the wealthy will trickle down to everyone else. It argues for income and capital gains tax breaks or other financial benefits to large businesses, investors, and entrepreneurs to stimulate economic growth. The argument hinges on two assumptions: All members of society benefit from growth, and growth is most likely to come from those with the resources and skills to increase productive output.

You might be interested in

Why did the Tokugawa shogunate close Japan to foreign influence

vitfil [10]

<span>The main cause for Japan's isolationism was to avert the spread of Christianity.

</span>Several Edicts were issued throughout the early years of the Tokugawa Shogunate, declaring isolation, Each edict grew more and more forceful in its condemnation <span>of Christianity.</span>

4 0

2 years ago

Describe the Encomienda system.

vampirchik [111]

The encomienda system was a labor system instituted by the Spanish Crown in the American colonies.

7 0

3 years ago

What did the United Fruit Company do, as soon as it entered Honduras in 1910?

Solnce55 [7]

C. organize a paramilitary rebel group in Bluefields

4 0

3 years ago

Why was Sputnik so significant to both the Soviets and the Americans?

Mumz [18]

Sputnik I was the world's first ever artificial satellite that launched by the Soviet Union in 1957. This marked the start of the "space age" which pushed the race between the US and the USSR in the field. Because of this "competition", many scientific discoveries were made to study and even travel to outer space.

7 0

3 years ago

Order the fractions from least to greatest.

Ne4ueva [31]

The answer you’re looking for is C

7 0

2 years ago