Explain the trickle down theory
The trickle-down theory states that if economic policies make wealthy people more healthy then their gains will trickle down to everyone and the economy will grow. The trickle-down theory claims that if economic policies make wealthy people more wealthy then the richer class will use those gains from policies like a tax cut to invest in an economy that will be beneficial for the poor class and for economic growth. This policy believes that the government should focus on policies that are beneficial for the richer class and eventually when the rich get richer then they will expand their business operations and will invest more and hire more people and that will lead to economic growth. This theory believes that the richer classes are the main drivers of economic growth. This theory claims that economic growth flows from upside down. According to this theory, the government should reduce corporate tax and income tax for the richer class, lowering the top tax bracket and reduce capital gain taxes that will benefit the richer section of the society.
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