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

Trickle down? It was called VOODOO fucking economics in its day. Plenty of analysts and other people with half a brain understood what a travesty it was and is. BUT too many people at the bottom of the food chain keep getting convinced that it works. :/
I remember Gene Simmons from KISS being very vocal in interviews about the wonders of trickle down economics. I think that was the first time I heard about it, so I read up on it and realized the guy had no idea what he was talking about.