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.
You're viewing a single thread.
Oh no ... it did work ... it worked spectacularly ... for the top wealthiest people in the world
They figured out that they could cut the amount of taxes they had to pay, collect even more wealth for themselves and convince everyone around them and all the poor people out there like you and me that it was all perfectly acceptable, and sensible and that we should all keep electing government officials to keep that system going while we all paid for it. The wealthiest figured out how they could keep their money and make us all pay for it. And they did it for 50 years. And they're still doing it.
I think it worked fantastic ..... for them.
We just need to be more patient and tax-cut the wealthy even harder. Then it'll properly start to trickle. Just a little longer
I think I can feel it. It's warm. And... smells a bit like asparagus?
I agree ... but the problem is ... it took 50 years for us to get to this point and it will probably take 50 years or longer to get it back to a manageable level again. That is, if we take 50 years of consistently pushing back against the wealthy in the same way that the wealthy have been pressing the poor for the past 50 years.
Lina Khan (in the US) is taking those first steps. Harris better keep her in place.