50 years of tax cuts for the rich failed to trickle down, economics study says
50 years of tax cuts for the rich failed to trickle down, economics study says
Tax cuts for the wealthy didn't boost the economies of the U.S. and 17 other countries — but they did worsen income inequality.
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How about we try some trickle up economics for a while? That's where you give money to people who actually need it, and let businesses compete for them as customers, and the revenue will trickle up to successful companies.
Might as well, right?
We did. Brought to you by Roosevelt.
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The biggest criticism is hilarious. They say poor people don't use the money responsibly. It just passes right through their hands. They neglect to mention that's because they're buying needed goods and services and that money trickles up far more reliably than money trickles down.
It just passes right through their hands
Plus a general illiteracy for economics where that should be the goal because the economy grows with money spent, not money saved
My personal theory is they're also trying to normalize the money not moving into the economy.
It's almost like you can have a monetary system and trade without all the crony klepto bullshit of the current system.