Facts vs. fantasy: @JohnJHarwood seriously did his homework before interviewing WH's Gary Cohn on tax cuthttps://www.cnbc.com/2017/11/09/gary-cohn-trickle-down-is-good-for-the-economy.html …
Replying to @econjared @JohnJHarwood
What trickles down must first bubble up. If wealth accumulates, then less must trickle down than that which bubbles up. Tax cuts for the wealthy encourage wealth accumulation and thus less trickle down. Tax cuts for low and middle incomes increase the amount that bubbles up.
2:29 PM - 9 Nov 2017
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