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.
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He planned to sail down the eastern coast of South America to see if he could find a passage to a western ocean that would allow him to reach Asia.
His 38-day voyage in the storms of the channel, now called the Strait of Magellan — at South America's southern tip — led him to what he named the Pacific, for its calm.
"It was the single greatest feat in the history of maritime exploration," Vejas Liulevicius, author of the Great Courses' audiovisual program "History's Greatest Voyages of Exploration," told IBD. "Only one of the vessels returned to Spain three years later and 70% of the crew died, including Magellan, but it's a miracle anyone survived.
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Some guys talking I think they are exchanging something it looks like it being taken place in a church
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