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Study: Trickle Down does not work
Study: Trickle Down does not work
#1
Isn’t that just a fact?

Who knew that a "Department of No Shit" degree from the University of Duh would turn out to be so useful?

Fifty Years of Tax Cuts for Rich Didn’t Trickle Down, Study Says

Quote:Tax cuts for rich people breed inequality without providing much of a boon to anyone else, according to a study of the advanced world that could add to the case for the wealthy to bear more of the cost of the coronavirus pandemic.

The paper, by David Hope of the London School of Economics and Julian Limberg of King’s College London, found that such measures over the last 50 years only really benefited the individuals who were directly affected, and did little to promote jobs or growth.
“We can never undo what we have done. We can never go back in time. We write history with our decisions and our actions. But we also write history with our responses to those actions. We can leave the pain and the damage in our wake, unattended, or we can do the work of acknowledging and fixing, to whatever extent possible, the harm that we have caused.”

— On Repentance and Repair: Making Amends in an Unapologetic World by Danya Ruttenberg
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