FenrirIII@lemmy.world to politics @lemmy.world · 2 years ago50 years of tax cuts for the rich failed to trickle down, economics study sayswww.cbsnews.comexternal-linkmessage-square117linkfedilinkarrow-up11.21Karrow-down19
arrow-up11.2Karrow-down1external-link50 years of tax cuts for the rich failed to trickle down, economics study sayswww.cbsnews.comFenrirIII@lemmy.world to politics @lemmy.world · 2 years agomessage-square117linkfedilink
minus-squareabff08f4813c@j4vcdedmiokf56h3ho4t62mlku.srv.uslinkfedilinkEnglisharrow-up2·2 years 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-up2arrow-down1·2 years 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.
minus-squareabff08f4813c@j4vcdedmiokf56h3ho4t62mlku.srv.uslinkfedilinkarrow-up2·2 years agoGood grief, that means this lie has been successfully peddled for nearly half a century.
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.
Good grief, that means this lie has been successfully peddled for nearly half a century.