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"Trickle-Down Economics" Is A Scam That Ignores Decades Of Evidence
12 Mar 2024 | Abstracted from Washington Post
"NEC Director Lael Brainard laid out the overwhelming evidence that 'trickle-down' economics - defined as 'cutting taxes for big businesses and those at the top' - has been a bust.
"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..."
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