This past week Joe Biden gave a speech in which he touted his economic policies and, rather than deflecting, he leaned into what many of his opponents called “Bidenomics”.
- Bidenomics is the opposite of “trickle-down” theory, which holds that tax cuts to wealthy individuals and corporations ultimately find their way to the rest of the population through more spending and investment.
Now, I’m not saying Biden’s economic agenda will be any more or less successful than his predecessors’ — for many the trickle-down VS spending debate will never be resolved.
- But when a president sets an agenda it reveals where money will be spent.
- And those who pay close attention, regardless of where they stand politically, could benefit massively.