FenrirIII@lemmy.world to politics @lemmy.world · 1 year ago50 years of tax cuts for the rich failed to trickle down, economics study sayswww.cbsnews.comvideomessage-square16fedilinkarrow-up112arrow-down11cross-posted to: [email protected]
arrow-up111arrow-down1video50 years of tax cuts for the rich failed to trickle down, economics study sayswww.cbsnews.comFenrirIII@lemmy.world to politics @lemmy.world · 1 year agomessage-square16fedilinkcross-posted to: [email protected]
minus-squareabff08f4813c@j4vcdedmiokf56h3ho4t62mlku.srv.uslinkfedilinkEnglisharrow-up0·1 year agoWhat’s outrageous is that this is being treated as news, when it’s not new, e.g. (from 2021) https://www.thebalancemoney.com/trickle-down-economics-theory-effect-does-it-work-3305572 We’ve known this that since at least 2001, if not earlier, https://www.capitalismmagazine.com/2001/09/the-trickle-down-economics-straw-man/
minus-squaregranolabar@kbin.melroy.orglinkfedilinkarrow-up0arrow-down1·1 year agoMy understanding this was known in the economics circles in 1980s too but people were able to make careers shilling the lie since owner class favor them.
What’s outrageous is that this is being treated as news, when it’s not new, e.g. (from 2021) https://www.thebalancemoney.com/trickle-down-economics-theory-effect-does-it-work-3305572
We’ve known this that since at least 2001, if not earlier, https://www.capitalismmagazine.com/2001/09/the-trickle-down-economics-straw-man/
My understanding this was known in the economics circles in 1980s too but people were able to make careers shilling the lie since owner class favor them.