An old term of questionable meaning is getting a new lease on life: Trickle-down economics. And to many in media and liberal circles, it has once again emerged as the great hobgoblin of our time. “Trump and conservatives in Congress are planning a big tax cut for millionaires and billionaires,” Robert Reich, who served as secretary of labor during the Clinton administration, wrote in Newsweek recently. “To justify it they’re using the oldest song in their playbook, claiming tax cuts on the rich will trickle down to working families in the form of stronger economic growth. Baloney. Trickle-down economics is a cruel ... (full story)