Question

What do the terms “trickle-down economics,” “voodoo economics,” “supply-side economics”, and “job-creators” all have in common?

Answer 1

All the terms in the above question, “trickle-down economics,” “voodoo economics,” “supply-side economics”, and “job-creators”, involve an increase in government spending and reduction in tax rate in the economy on one form or another. Trickle Down Economics refers to change in the tax rate on wealthy for overall benefit of the society. Voodoo economics also refers to the policy of maintaining high level of public spending without increasing tax rate. Supply Side economics is also known as trickle down theory. Job Creation in the economy also involves an increases in public spending.