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More Reich Rubbish. He takes it as a matter of faith that "tax cuts don't trickle down". He conveniently ignores how the tax cuts defined "the rich" in such a w
by teilo 16y ago
More Reich Rubbish. He takes it as a matter of faith that "tax cuts don't trickle down". He conveniently ignores how the tax cuts defined "the rich" in such a way that almost every business owner in the United States is "the rich".
I don't care what side of the political spectrum you are on: when employers face higher overhead, they are required to cut back or go out of business. This is not politics. It is simple economics whether you are a keynsian, friedian, or austrian.
I do not hear Reich complaining about the massive bail-outs for the truly rich which both the Bush and Obama administrations handed out like free candy. Now there are some billions that have truly failed to "trickle down".