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No, trickle-down economics is the idea that you should reduce taxes on the people at the top because they'll invest more, which only works if the balance is ske
by strken 7y ago
No, trickle-down economics is the idea that you should reduce taxes on the people at the top because they'll invest more, which only works if the balance is skewed too far towards the people at the bottom, which is clearly wrong right now.
If you had a dial labelled "wealth redistribution percentage", trickle-down economics says you that if you move it towards "0%" everything will get better. What I am saying is that if you start moving it towards "100%", everything will get better, but if you keep moving it for a long time, everything will get worse again. It is not clear to me that this has been empirically proven to be false.