King Kaufman

This article was published on the 10th anniversary of the article "40 years of tax cuts for the rich failed to trickle down, economics study says."

And on the 20th anniversary of the article "30 years of tax cuts for the rich failed to trickle down, economics study says."

And on the 30th anniversary of the article "20 years of tax cuts for the rich failed to trickle down, economics study says."

And on the 40th anniversary of the article "10 years of tax cuts for the rich failed to trickle down, economics study says."

And on the 15th anniversary of the article "35 years of tax cuts for the rich failed to trickle down, economics study says."

And on the 13th anniversary of the article "37 years of tax cuts for the rich failed to trickle down, economics study says."

And on the third anniversary of the article "47 years of tax cuts for the rich failed to trickle down, economics study says."

And on the 44th anniversary of the article "Six years of tax cuts for the rich failed to tric

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.

Oct 19, 2024 at 12:29pmWeb
Show threadwoollypigsOct 19, 2024
@kingkaufman no never, I'll go the the foot of our stairs, who would have thought that, tickle me surprised, pull the other one ....
Show threadStacey CampbellOct 19, 2024

@kingkaufman '"Based on our research, we would argue that the economic rationale for keeping taxes on the rich low is weak," Julian Limberg, a co-author of the study and a lecturer in public policy at King's College London, said in an email to CBS MoneyWatch.'

Right, of course. Other than a handful of true believers, most of us knew that back then. Trickle-down "economic analysis" was just a fig leaf for conservative politicians to funnel money into the pockets of their patrons. Even George Bush Sr called it what it is back in 1980.

#uspol #voodooeconomics

Show threadbouriquetOct 19, 2024
@kingkaufman That’s because the trickle down never made it down. It dried up before it even reached the middle class, just like the Colorado River would if we didn’t regulate water access
Show threadKing KaufmanOct 19, 2024

@bouriquet

{whispering} There was never a trickle, and they always knew there would never be one.

Show threadbit101Oct 20, 2024
@kingkaufman You've just got to give it time.
Show threadSoozcatOct 20, 2024

@kingkaufman Before it was called "trickle down" economics it was known as the "horse and sparrows" theory, where an economy based on enriching the already wealthy was compared to feeding horses massive amounts of oats, so that the sparrows that picked at their dung would be well fed.

Yes, back then they said the quiet part out loud and admitted that the poor would be eating the shit the rich left behind.

Show threadComrade elronxenuOct 20, 2024
@kingkaufman It doesn't work but we'll keep doing it, because the rich control the laws. The rich are "stakeholders".
Show threadKing KaufmanOct 20, 2024

@elronxenu

Oh it works! It works exactly as designed. Look at the growth in wealth inequality from 1980 to today. It works like a damn charm.

Show threadStarkRGOct 20, 2024
@kingkaufman It's almost like it was never *intended* to have that effect. "Trickle down" is the marketing ploy, nobody involved actually ever thought it would.
Show threadArthur van der HargOct 20, 2024

@kingkaufman If you want a good explanation of why #trickleDown does not work and how detrimental insufficient taxing of the rich is: https://www.scientificamerican.com/article/is-inequality-inevitable/

I’ve copied some of these simulations. You see the #inequality grow in time, even when you start from a completely uniform population. I found it enlightening as well as deeply unsettling.

Is Inequality Inevitable?

Wealth naturally trickles up in free-market economies, model suggests

Scientific American
Show threadKing KaufmanOct 20, 2024

@ArtHarg

Thanks. I've had this saved for a few days but haven't gotten to reading it yet.

I actually don't have any need for a good explanation of why trickledown doesn't work. It's obvious to me on its face why it doesn't work.

If you explain trickledown theory to a group of relatively intelligent 11-year-olds, they'll see through it immediately.

Show threadMomoOct 20, 2024

@kingkaufman
It cannot be said enough:

TAX THE RICH!
BESTEUERT DIE REICHEN!
@limebar

Show threadGatekeeper..Oct 22, 2024
@kingkaufman
Just another garden variety actor that knew nothing about government except what their handlers tell them to do. Selling weapon to the enemy? Whoops ,my bad,
Show threadseism0saurusOct 22, 2024

@kingkaufman

I'm not sure if there is a concept behind these articles