Trickle down had somewhat to do with jobs and it was a ridiculous concept that if you cut taxes the economy will take off and the increase in the economy will result in more taxes and it will be revenue neutral to the government. All it did was cause deficits and government debt that is astronomical and it caused gross wealth inequality. This wealth inequality has now caused a very real problem of asset bubbles that are about to burst. Ok that was Laffer and Reagan and so my team owns that ridiculousness.
If you are asking me, now we have a bloated government with ridiculous waste and we let it happen because we aren’t paying for it. If we actually started paying for it instead of borrowing the money, it would bring clarity and sensibility to government. But neither side is willing to actually pay for it. One side wants to increase taxes so they can spend more and the other side simply doesn’t want to raise taxes (read my lips…).
But supply side or trickle down has nothing to do with what Texas is doing. Texas is taking the right stance that mo business means mo jobs which means mo business which means mo jobs, rinse and repeat.
Texas will win in the end. It always wins.