MUScoop

MUScoop => The Superbar => Topic started by: jesmu84 on December 17, 2020, 02:42:48 PM

Title: Trickle down economics proven not to work
Post by: jesmu84 on December 17, 2020, 02:42:48 PM
https://www.cbsnews.com/news/tax-cuts-rich-50-years-no-trickle-down/
Title: Re: Trickle down economics proven not to work
Post by: lawdog77 on December 17, 2020, 02:45:42 PM
In before the lock
Title: Re: Trickle down economics proven not to work
Post by: The Sultan on December 17, 2020, 02:54:24 PM
"Per capita gross domestic product and unemployment rates were nearly identical after five years in countries that slashed taxes on the rich and in those that didn't, the study found.

But the analysis discovered one major change: The incomes of the rich grew much faster in countries where tax rates were lowered. Instead of trickling down to the middle class, tax cuts for the rich may not accomplish much more than help the rich keep more of their riches and exacerbate income inequality, the research indicates."


Gosh, I wonder what their primary motivation was???  It's a mystery.
Title: Re: Trickle down economics proven not to work
Post by: Galway Eagle on December 17, 2020, 02:58:11 PM
gdp and unemployment? They need to focus on how the stock market did
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