troy_s :praxis_100: on Nostr: “50 years of tax cuts for the rich failed to trickle down, economics study says ...
“50 years of tax cuts for the rich failed to trickle down, economics study says
[…]
But the analysis discovered one major change: The incomes of the rich grew much faster in countries where tax rates were lowered. Instead of trickling down to the middle class, tax cuts for the rich may not accomplish much more than help the rich keep more of their riches and exacerbate income inequality, the research indicates.”
https://www.cbsnews.com/news/tax-cuts-rich-50-years-no-trickle-down/
[…]
But the analysis discovered one major change: The incomes of the rich grew much faster in countries where tax rates were lowered. Instead of trickling down to the middle class, tax cuts for the rich may not accomplish much more than help the rich keep more of their riches and exacerbate income inequality, the research indicates.”
https://www.cbsnews.com/news/tax-cuts-rich-50-years-no-trickle-down/