an economic policy based on the premise that if taxes are cut for the wealthy, they will be motivated to invest in businesses, factories and the stock market, which will create more jobs
This economic policy is commonly known as "trickle-down economics" or supply-side economics. Advocates of this theory believe that by reducing taxes on the wealthy, they will have more disposable income to invest, thereby stimulating economic growth and creating more opportunities for job creation.
Critics of trickle-down economics argue that the benefits of tax cuts for the wealthy do not necessarily trickle down to the rest of society. Instead, they argue that such policies disproportionately benefit the wealthy and exacerbate income inequality.
Ultimately, the effectiveness of trickle-down economics as an economic policy remains a topic of debate among economists and policymakers.