Tax cuts for the wealthy didn't boost the economies of the U.S. and 17 other countries — but they did worsen income inequality.
  • Nougat@fedia.io
    34·
    5 hours ago

    How about we try some trickle up economics for a while? That’s where you give money to people who actually need it, and let businesses compete for them as customers, and the revenue will trickle up to successful companies.

    Might as well, right?

  • Allonzee@lemmy.world
    14·
    5 hours ago

    And they used that money as a cudgel to make political bribery perfectly legal in Citizens United, as if it wasn’t already rampant. They own this fucking place above board now.

    We get a vote on how to, or if we even should address the social issue symptoms of our oligarch class rigging the economic game, ie who to blame or what to spend on the ever dwindling crumbs left for the Commons.

    We don’t get a vote on the economy itself, that’s above our paygrade. From Pelosi to McConnell, “herp derp the free market we’re bribed to rig for capital is working just fine… For our portfolios! 🤣”

    • PineRune@lemmy.world
      21·
      7 hours ago

      But my Maga coworker just told me she wants to make everything more expensive! Now I don’t know who to believe; you both sound equally sensible. /s

  • Asafum@feddit.nl
    15·
    7 hours ago

    Of course it didn’t work, but only because we didn’t give it 150 more years! I promise guys, really, just 180 more years and it will slightly trickle down! It’s been scientifamicbly proven that in just 230 more years it will absolutely start to work!

    -Study paid for by the fuck you I got mine, but I want yours too foundation.

  • IninewCrow@lemmy.caEnglish
    59·
    9 hours ago

    Oh no … it did work … it worked spectacularly … for the top wealthiest people in the world

    They figured out that they could cut the amount of taxes they had to pay, collect even more wealth for themselves and convince everyone around them and all the poor people out there like you and me that it was all perfectly acceptable, and sensible and that we should all keep electing government officials to keep that system going while we all paid for it. The wealthiest figured out how they could keep their money and make us all pay for it. And they did it for 50 years. And they’re still doing it.

    I think it worked fantastic … for them.

    • NegativeNull@lemmy.world
      15·
      9 hours ago

      We just need to be more patient and tax-cut the wealthy even harder. Then it’ll properly start to trickle. Just a little longer

      • IninewCrow@lemmy.caEnglish
        5·
        7 hours ago

        I agree … but the problem is … it took 50 years for us to get to this point and it will probably take 50 years or longer to get it back to a manageable level again. That is, if we take 50 years of consistently pushing back against the wealthy in the same way that the wealthy have been pressing the poor for the past 50 years.

  • Jesus@lemmy.world
    18·
    8 hours ago

    Every couple years, another study that shows the same thing. The rich got richer and the middle class and poor lost.