The idea that giving
tax cuts to the
rich will help the poor- that helping the
economy by giving money to those who invest the most will improve the economy in general. This doesn't really work- money has
gravity. Money always attracts more money (see:
compound interest). That's what the
rich get richer, and the
poor get poorer.
A
tenet of
supply-side economics. Predicated on the theory that
a rising tide lifts all boats. Flawed in that some boats still have holes in them.
The problem with that is that
America runs on a
demand-side economy.
See also:
Reaganomics,
Voodoo economics.