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

https://lemmy.world/post/4112969

50 years of tax cuts for the rich failed to trickle down, economics study says - CBS News - Lemmy.world

Let’s do 50 years of trickle up now, then compare notes at the end.
The ridiculous thing is that’s actually more how a normal economy works… consumers have to have money to spend. Even if the theory of “super-motivated and brilliant wealthy people will have more money to invest” was true, it doesn’t matter if they pay everyone else too little to survive.
Yeah, but won’t you think about their effective altruism?
Ineffective altruism

consumers have to have money to spend.

Henry Fucking Ford got that in 1914

npr.org/…/the-middle-class-took-off-100-years-ago…