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> the worst part is that they have been incredibly effective in convincing the average person Agreed. Remember 'Trickle Down Economics', over 30 years ago? If
by hackuser 11y ago
> the worst part is that they have been incredibly effective in convincing the average person
Agreed. Remember 'Trickle Down Economics', over 30 years ago? If I understand correctly, the idea was to cut taxes for the wealthy, and their resulting increased investment would cause the economic benefits to 'trickle down' to everyone else.
The surprising results are that when you cut taxes for high earners ... they become wealthier. Wages for everyone else have been flat since then.