Supply-side economics, popularly known as ‘trickle-down’ economics, has been the most dominant approach to economic policy in North America (and some other countries) since the 1980s. Despite all economic evidence to the contrary, it is a policy that is still pursued today, to some extent or other, by both conservative and centrist parties in liberal democracies. The primary real-world consequence of these policies is a drastic increase in the economic differences between the rich and poor. The record is not good. Why is the policy so popular?
If there’s one thing in society we think we deserve, it’s the money we earn , however we earn it. But do we really deserve it?
Whether we earn money as compensation for work, or we earn interest from investments or profits from a company we own, the vast majority of us are agreed that we deserve the money we are paid. We decide we deserve this money regardless of other factors: