Trickle-up economics

Trickle-up economics (also known as bubble-up economics) is an economic policy proposition that final demand among a broad population can stimulate national income in an economy. The trickle-up effect posits that policies that directly benefit lower income individuals will boost the income of society as a whole, and thus those benefits will "trickle up" throughout the population. It is the opposite of trickle-down economics.

Paul Krugman referred to the principle behind the Obama administration's economic policies as trickle-up economics,{{Cite news|last=Krugman|first=Paul|date=2016-09-16|title=Opinion {{!}} Obama's Trickle-Up Economics|language=en-US|work=The New York Times|url=https://www.nytimes.com/2016/09/16/opinion/obamas-trickle-up-economics.html|access-date=2021-09-14|issn=0362-4331}} while John R. Talbott used the term bottom-up economics.{{Cite book|last=Talbott|first=John R.|url=https://books.google.com/books?id=JQ35zZ-83H0C&q=bottom+up|title=Obamanomics: How Bottom-Up Economic Prosperity Will Replace Trickle-Down Economics|date=2011-01-04|publisher=Seven Stories Press|isbn=978-1-60980-068-0|language=en}} Biden's American Rescue Plan was also referred to as trickle up.{{cite web |last1=Baron |first1=Neil |title=Biden's 'trickle-up' economics is just what America needs |url=https://thehill.com/opinion/finance/550007-bidens-trickle-up-economics-is-just-what-america-needs/ |website=The Hill |date=23 April 2021 |access-date=9 February 2023}} Accompanying labeling differed from most trickle down labels in that both Obama's and Biden's approaches were characterized as spending heavy programs, rather than tax cuts in any particular tax bracket.{{cite web |last1=Krugman |first1=Paul |title=Obama's Trickle-Up Economics |url=https://www.nytimes.com/2016/09/16/opinion/obamas-trickle-up-economics.html |website=The New York Times |access-date=9 February 2023 |date=September 16, 2016 |quote=It would be an exaggeration to say that the Obama administration has done the reverse, but there definitely was an element of trickle-up economics in its response to the Great Recession: Much of the stimulus involved expanding the social safety net, not just to protect the vulnerable, but to increase purchasing power and sustain demand. And in general Obama-era policies have tried to help families directly, rather than by showering benefits on the rich and hoping that the benefits trickle down.}}{{cite web |last1=Schrager |first1=Allison |title=Biden's trickle-up economics is bound to fail |url=https://www.fredericknewspost.com/opinion/columns/bidens-trickle-up-economics-is-bound-to-fail/article_a9d151ec-878a-523c-af1b-2e296e67a1ee.html |website=The Frederick News-Post|date=12 June 2021 }} At the same time, some criticisms of Obama's economic policy were labeled trickle up.{{cite web |title=Obama's trickle-up economy |url=https://www.nydailynews.com/opinion/editorial-obama-trickle-up-economy-article-1.1962763 |website=New York Daily News |quote=Add it up: Obama's economy has handsomely extended the long winning streak of the rich. |date=October 5, 2014}}