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Trickle down economics? The IMF found if income share of top 20 percent increases, GDP declines over medium term. Conversely, if bottom 20 percent increases,
by xivzgrev 11y ago
Trickle down economics?
The IMF found if income share of top 20 percent increases, GDP declines over medium term. Conversely, if bottom 20 percent increases, GDP goes up.
It makes sense - rich people invest their money, which may or may not drive economy. Poor people spend, which absolutely drives economy.
- jnordwick 11y agoRedistribute if you want. I'm just saying do it though different tax mechanisms. Capital taxes are the worst possible way.