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"trickle down theory" seems obviously correct to me. Like, if a person has lots of money, it's stupid to sit on it - they invest it, found businesses, hire people, buy things - all of which are putting money back into lower tiers of the economy to me. Am I missing something big?

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Most of the money saved in big business tax cuts goes towards stock buybacks which raises the price of the stock but does little else for the economy. the money does not “trickle down” to the lower ranks of the company it stays at the top.

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But isn't raising stock price good for the economy?

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Well, my company used the massive tax cut to lay off 20,000 people. (It's costs a lot of money to fire people)

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:( it shouldn't cost that much money to fire people

12:09 AM · Dec 28, 2019

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Severance packages ain't cheap.

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