It’s Time for Trickle Up Economics

The idea is simple.

Governments could pass laws that would reduce income taxes and/or raise wages and salaries for everyone below a given threshold.

An effective one would target the people whose lives are hard in large part because they don’t have enough money.

If the people on the bottom rung of the economic ladder have their incomes go up,

they’re going to spend that money… on food, housing, healthcare, education, clothing

entertainment and—horror of horrors—maybe even a vacation.

And that’s the part of the rising tide that lifts everybody’s boats.

That extra spending is money, invested at the bottom, ends up trickling up to everyone else.