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You're arguing for trickle down economics, which is a hilarious fantasy made up by very rich people so they have an excuse to dodge taxes. Nothing says that les
by krageon 4y ago
You're arguing for trickle down economics, which is a hilarious fantasy made up by very rich people so they have an excuse to dodge taxes. Nothing says that less investment in business means preventing wage increases or anything else you've mentioned.
- throwaway4aday 4y agoThat is not trickle down economics. If you make it harder to do business by making loans more expensive then businesses will slow growth or make cuts. Slowing growth means you hire less and cost cuts usually involve eliminating personnel. Do that on a large scale and you increase unemployment and high unemployment produces an atmosphere in which people become more bearish and spend less thus eventually reducing inflation. This isn't the first time we've done this but since you aren't clear on the definition of trickle down economics I don't expect you to know that.