Trickle-Down Economics

"Trickle-down Economics", a term popularized by Will Rogers, and, subsequently, often used by commentators to characterize Capitalism, is rarely employed by theorists of the latter.  Nevertheless, it is applicable to a set of propositions often appearing in their theories, designed to explain the political benefit of Capitalism, i. e. how the wealth acquired by a few can reach the many.  Now, such an explanation is susceptible to two main types of challenge: first, that the success of the New Deal in America demonstrates that Capitalism is not the most effective means to a general Economic Good; and, second, that the wealth bestowed upon the many is, in fact, theirs, as the source of the labor that first created, to begin with, for which it is very inadequate as compensation.  So, lost in the contemporary usage of "Trickle-down Economics" is Rogers' sarcasm, the target of which, i. e. the ungrounded thesis that the wealth of individuals is therein extended to that of a nation, has rarely been conscientiously addressed by recent Capitalists.