"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?
other people in my comments are saying it worked really well when we tried it. people have widely differing perspectives on this
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They are wrong. Look at the most recent example. It made rich people richer, but had almost no effect on the economy as a whole.
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Relinking this https://qz.com/1769421/trumps-tax-cuts-and-jobs-act-shows-poor-results-after-two-years/ … It mad people like me richer, but no evidence that it had any substantial impact on the economy. Imagine spending 1.6T on poor people. That would be a very noticeable boost, as it would go straight back into the economy.
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Works most of the time; fails some of the time (e.g., Argentine dictatorship, 1990s Russia).
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Works almost never, unless tax burden is extremely excessive to begin with.
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