I think this is the most important single line that President Joe Biden spoke about in today's speech.

That success by affluent people at the top of the economy would, eventually, trickle down to the average American.

As the CNN noted in an analysis It's been the theory behind every major tax cut pushed by Republican presidents since Ronald Reagan -- including Donald Trump's 2017 cut -- and is so closely associated with our 40th president that the economic idea is known colloquially as "Reaganomics."

The idea was made popular by Reagan who, in the teeth of a recession, delivered a speech to the country in February 1981 in which he made the argument that the way to revive the economy was by shrinking government and returning more money to individuals -- especially wealthy ones -- who would, in turn, drive a top-down economic comeback.

But trust me. This is not gonna work. So go for bottom up!!