Remember that their counter-argument is that giving money to people who don't deserve it (proven because they are not the elite) is a waste because they don't "build" anything with it, since they need to spend it.
The value of this proposition is to build concentrations of wealth, which are their own proof of virtue.
The religious expression of this is the Prosperity Gospel https://en.wikipedia.org/wiki/Prosperity_theology .
Trickle down would be to give the money to big successfull corporations and hopen that they are buying and funding startups with it.
That doesn't seem correct. I'm led to believe that trickle down economics (the concept, if not the name) existed before Milton Friedman was born after looking through https://en.wikipedia.org/wiki/Trickle-down_economics.
I also remember the author of the paper saying his work was being misinterpreted… but GOPers out-shouted him.
Concept as in "an argument to get votes or to put some politics in place".
It's just political slogan. Sometimes it used to refer supply-side economics.
Why would someone call their theory "trickle down"
Did this model really arose ? Did anyone really create a document arguing for this "model" or was this just a theory, a lame excuse thrown on TV (and reverberated to heavens and back) to the masses by the politicians who got bribed to shower some special interests with easy money? How in the world can someone argue that we should make it much easier for some groups of people to become so rich that they'll get tired of money and the power it confers and they'll become benefactors and throw it more easily to the poor people who work for them ?