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 threadCharles HeroldAug 29, 2023
@danwentzel It's been clear for some time that trickle-down is BS. But conservatives have always driven trickle-down, and they don't base their policies on facts, they decide what they want to do and then create a fact-free rationale. So no matter how many studies show this, conservatives will always simply insist trickle-down is a thing and ignore all the evidence. The only way to stop trickle-down policies is keep Republicans out of office.
Show threadJakeQuokkaMCM
@cherold @danwentzel the last tax cuts were supposed to pay for themselves in five years time - enough time for trump to be safely into his 2nd term. It was absurd and was a lie.
Aug 30, 2023 at 2:04amWeb