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Trickle-down economics, also known as trickle-down theory and the horse-and-sparrow theory, is a term, most-often used pejoratively, to describe government economic policies that disproportionately favor the upper tier of the economic spectrum. The term has been used broadly by critics of supply-side economics to refer to taxing and spending policies by governments that, intentionally or not, result in widening income inequality; it has also been used in critical references to neoliberalism.
These critics reject the notion that spending by this elite group would "trickle down" to those who are less fortunate and lead to economic growth that will eventually benefit the economy as a whole.
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