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The trickle-down approach of cutting taxes for the rich actually created a trickle-up and we have a huge disparity in wealth inequality. Lower taxes on the rich

The trickle-down approach of cutting taxes for the rich actually created a trickle-up and we have a huge disparity in wealth inequality. Lower taxes on the rich makes them richer at the expense of everyone else.

DarylZero 5y ago
It has to. Wealth isn't stuff, but an obligation on other people to work for you.
- nverno 5y ago
  An incentive, not an obligation. No one is indebted to you if you dig up a pot of gold in your backyard.
  - DarylZero 5y ago
    It really has to be an obligation. That's why you can't guarantee a minimum level of access to resources to all without messing up the value of capital.
    - nverno 5y ago
      Maybe for some types of wealth, like land, water, etc., eg. serfdom. But, clearly not for NFTs, stocks, gold, etc.
      - DarylZero 5y ago
        It makes no difference. They're all fungible with each other.
zionic 5y ago
Wealth is not a zero-sum game.
- annoyingnoob 5y ago
  But trickle-down economics is trying to make it one. We have 3 men in the US that have as much wealth as 50% of everyone else. The charts here speak for themselves, https://inequality.org/facts/wealth-inequality/ https://inequality.org/facts/wealth-inequality/ Lower taxes on the rich just makes the rich richer and everyone else poorer. We need fair taxes for all, not breaks for the rich and hope that they spend some of their extra cash.