How Trickle-Down Economics Works

Stuff You Should Know

iHeartPodcasts

Society & Culture

4.6 • 79.3K Ratings

🗓️ 22 July 2014

⏱️ 45 minutes

🔗️ Recording | iTunes | RSS

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Summary

The concept of trickle-down economics is tied to Ronald Reagan, but the idea's been around and in use since the 20s. It's simple: Give more money to the wealthy and they can use it to rev up an economy. But is the whole thing just a scam?

Transcript

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0:00.0	There's so much news happening around the world that we're somehow supposed to stay on top of.
0:05.7	That's why we launched The Big Take.
0:08.3	It's a daily podcast from Bloomberg and I Heart Radio that turns down the volume a bit
0:14.0	to give you some space to think.
0:16.4	I'm Wes Kosova.
0:17.7	Each weekday I dig into one important story and talk about why it matters.
0:23.6	Listen to The Big Take on the I Heart Radio app, Apple Podcasts or wherever you listen.
0:30.6	Welcome to Stuffy Should Know from HouseofWorks.com.
0:40.6	Hey and welcome to the podcast on Josh Clark and there's Charles W. Chuck Bryant and Jerry
0:45.8	and they're snickering and tittering and that makes this thing stuffy should know.
0:50.7	Yeah, we've got sidetracked before talking about things that trickle.
0:55.7	Names.
0:56.7	Names that trickle.
0:57.7	Yes.
0:58.7	Like the famous race car driver, Dick Trickle.
1:00.7	It's the same road dude.
1:01.7	I swear to God.
1:03.7	Look him up.
1:04.7	I will.
1:05.7	Don't image search.
1:07.7	Just look him up.
1:08.7	Okay.
	...

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