Part 3/9:
The real argument put forth by economists like Milton Friedman and proponents of landmark policy changes under Presidents Kennedy and Reagan is much more straightforward. By lowering marginal tax rates and minimizing bureaucratic hindrances, we create an environment conducive to wealth generation rather than mere wealth redistribution. The interpretation of “trickle-down” as a slow drip of wealth to the less fortunate is a reductive and misleading portrayal, one that distracts from the core argument of economic empowerment.