Dan Wentzel 🏳️‍🌈Aug 29, 2023

Look, we tried trickle-down economics for over forty years. It simply didn’t work. The national debt exploded and nothing trickled-down, so now we move on.

Stimulating the economy from the bottom up is clearly more effective. A rising tide should lift all boats, not just yachts.

https://www.cbsnews.com/news/tax-cuts-rich-50-years-no-trickle-down/

50 years of tax cuts for the rich failed to trickle down, economics study says

Tax cuts for the wealthy didn't boost the economies of the U.S. and 17 other countries — but they did worsen income inequality.

Show threadSteve Foerster 🌐Aug 29, 2023
@danwentzel I'll bite: what definition of "trickle-down economics" are we using here?
Show threadPusher Of Pixels (old account)

@stevefoerster @danwentzel the one where billionaires pay lower tax rates than their secretaries?

Or perhaps the one where billion dollar companies pay literally zero federal taxes?

Or perhaps the one where the govt subsidizes billion dollar profitable companies but won't pay for children's lunches?

Oh wait, those are all the same one.

Aug 29, 2023 at 9:06pmWeb