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This isn't something you need to believe or not believe. The stats are in, decades of trickle down have not had the intended effect and various sources have sh
by flyinRyan 13y ago
This isn't something you need to believe or not believe. The stats are in, decades of trickle down have not had the intended effect and various sources have shown this.
It's a pretty well supported fact that lessening the tax burden on the mega rich doesn't cause them to go opening businesses and it's surprising people ever believed such nonsense. Why would a rich person take a risk on a new business venture when the a fund can provide a steady, predictable return year after year with very little downside?
- criley2 13y agoI think it's because many people don't separate a businessman from the business. A businessman doesn't open more businesses when he has more money. A businessman opens businesses when investors will pay and the market will support it. Turns out, a businessman doesn't need his own money to start businesses, because without a market, there's no point of starting the business, and with a market, there is investment available to seize it.
- flyinRyan 13y agoA businessman will do those things, yes. A rich might generally won't (statistically speaking) beyond what ever business they already have, if any.