by Len Hart, The Existentialist cowboyEvery major economist has espoused the 'LABOR THEORY of VALUE'. That includes the conservative Adam Smith and the left-leaning Karl Marx. ERGO: a declining "real' wage that should be going to labor TRICKLES (in fact, FLOWS) upward to the ruling elites.The Axis of Reagan/GOP are wrong. Wealth does not and has never "trickled down"."Suppy Side Economics" was and remains a scam, a con sketched out, it is said, on a napkin by Arthur Laffer. Laffer is remembered for his "Laffer curve" said to illustrate the theory that by reducing taxes for the very wealthy would result in increased production.