Cramer: Trump wants the rich to get richer in hopes of a ‘worldwide trickle down’

President Donald Trump signals as he talks amid a working supper with European business pioneers amid the World Economic Forum (WEF) yearly gathering in Davos, eastern Switzerland, on January 25, 2018. President Trump influenced an incredible deals to pitch for America at Davos: Jim Cramer

10:03 AM ET Fri, 26 Jan 2018 | 02:35

President Donald Trump simply put forth a defense for “overall stream down” financial aspects amid his discourse at the World Economic Forum, CNBC’s Jim Cramer said Friday.

“Davos is a discussion about how to persuade poor people to be rich,” Cramer said on “Screech on the Street,” soon after the president’s “America First” discourse in Davos, Switzerland.

Trump talked “about how to persuade the rich to be significantly wealthier and in this manner the poor will improve the situation. Sort of an overall stream down,” Cramer battled.

Stream down hypothesis, promoted amid the administration of Ronald Reagan, keeps up that cutting assessments, especially for U.S. organizations, will goad monetary development and help regular Americans. There’s been a savage open deliberation years, split to a great extent along partisan loyalties, on whether it works.

Trump, the main sitting U.S. president in 18 years to address the yearly conference of the rich and effective, said the U.S. was “open for business,” throwing the U.S. as an accommodating business condition, helped to a limited extent by the corporate tax break established by Republicans last year.President Donald Trump motions as he conveys a discourse amid the World Economic Forum (WEF) yearly gathering in Davos, Switzerland January 26, 2018.

Cramer said Trump’s discourse was not normal of American pioneers.

“I think he influenced an extraordinary deals to pitch for America,” said Cramer, the host of CNBC’s “Distraught Money.” “That is not what anybody has ever done at Davos.”Read More.

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