this post was submitted on 20 Oct 2024
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50 years of tax cuts for the rich failed to trickle down, economics study says (www.cbsnews.com)
submitted 1 month ago by [email protected] to c/[email protected]
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geteilt von: https://feddit.org/post/3946115

Aus Mastodon von Michael Albert übernommen:

Britische Forscher haben herausgefunden, dass Steuersenkungen für Reiche keinen (Trickle-Down-) Effekt auf den Wohlstand eines Landes haben. Die Reichen werden lediglich reicher und die Ungleichheit steigt.

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[–] [email protected] 13 points 1 month ago

People have been mocking trickle down economics from day one. Even in 1981 then Vice President George H. W. Bush called it Voodoo Economics to emphasize the bullshit factor. By the early 90s it was already being mocked heavily... and after the economic crash of 2008 people were drawing more attention to it's bullshit. Yet still nothing changes.