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5 Comments
Januarisays...Naturally this has had virtually no impact on some people's belief in trickle down taxes... SAD!
HugeJerksays...I'm pretty sure they just pretend that trickle-down economics is a thing that would ever work.
Businesses aren't going to add more workers when demand hasn't increased just because they are keeping more of their revenue. Like the dairy owner in the video said, they'd automate jobs and reduce workers to increase profits if they had a tax cut that gave them more money.
newtboysays...My understanding is <7% of the tax cuts were used to raise wages or create new jobs, the rest mostly going to upper management, stock buybacks, and automation (eliminating jobs). Trump and the Trumpeteers have called that a win for the working class.
transmorphersays...A trickle would be nice, seems like everyone got pissed on instead.
Tax cuts need to be designed so that they only apply to businesses when they employ more people.... this helps people, and it also helps the state/country, since more people working = more tax collected (in total) and all those schools are able to be funded properly - look at Sweden, a teacher is paid a massive wage, and educated people innovate and make even more money for the state thru taxes. It needs a fine balance, like gardening.
Some laws that help weed out clear corporate meddling in government policies would be nice too. Lobby groups, kickbacks etc. Completely screwed up imo.
vilsays...Ideologies are just hypotheses. Economic reality stays ahead of economic theory.
Discuss...
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