Endorsement of trickle-down is usually made for the same reason as criticisms of UBI… Conservative voters are ignorant of the concept of elasticity in economics, and their politicians know it.
Not to mention that economics education is even worse than civics education. At best someone who went to college might have gotten a 100 level microeconomics course as part of their degree. But I don’t know of any school that teaches about money beyond maybe how to set a budget. If you’re lucky.
When normal people talk about “the economy” it’s largely based on their own bank account and how they feel other people are doing in comparison to some subjective standard, not anything to do with actual economics. This is why we keep having to raise the debt ceiling and politicians talk about it like it’s getting another credit card.
Endorsement of trickle-down is usually made for the same reason as criticisms of UBI… Conservative voters are ignorant of the concept of elasticity in economics, and their politicians know it.
Not to mention that economics education is even worse than civics education. At best someone who went to college might have gotten a 100 level microeconomics course as part of their degree. But I don’t know of any school that teaches about money beyond maybe how to set a budget. If you’re lucky.
When normal people talk about “the economy” it’s largely based on their own bank account and how they feel other people are doing in comparison to some subjective standard, not anything to do with actual economics. This is why we keep having to raise the debt ceiling and politicians talk about it like it’s getting another credit card.