That was in the past. This new generation of wealthy will spread the wealth more fairly /s
Sea_List_8480 on
This economic theory has been around forever. It used to be be called ‘The Horse and Sparrow’ economic theory. Over feed the horse and the sparrow gets what’s leftover.
I can see why they abandoned saying it that way.
Ok-Firefighter-6172 on
The top .01% wage earners control 13.9% of all US assets and pay little to no taxes due to how Congress and the senate (with both parties) have set it up
Imagine owning 13.9% of US assets and pay America no tax’s
WTF
Cool-Protection-4337 on
Lol the keep discovering this tid bit every decade or so. Makes for a good news story but they don’t ever fix it. In fact they make it worse by giving them tax cut after tax cut. They even managed permanent tax cuts, a gut punch to the rest of us. These tariffs the billionaire trump is so proud of is just another way for the billionaires to tax us so they can keep spending insane amounts on a military that honestly doesn’t show what we throw into it every year.
Our equipment is mostly is old and outdated still, I know this personally as I have actually served.
Ok-Abbreviations543 on
This study has been repeated dozens of times. The conclusion is always the same. And yet, after decades of conclusive debunking and as the national debt explodes, Republicans continue to trot out the absurd and magical notion that massive tax cuts for the massively wealthy grow the economy and make everybody rich.
Americans are innumerate.
Subject-Big-7352 on
Anyone with common sense knows the trickle down theory is a myth and has never worked…now we have a study to tell us it doesn’t work. thx
mt8675309 on
The republican smoke screen.
MNConcerto on
No shit Sherlock
Global_Lie6938 on
Only trickling down is my savings account.
keonipalaki1 on
So, Saint Ronnie was full of shit.
katalina0azul on
50 fucking years?? 5 years should’ve be enough… even 10 would’ve been reasonable.
*Tf are we doing?*
SkyeGuy8108 on
Duh
chockedup on
>It is not just Republicans who have advanced policies that have led inequality to skyrocket since the 1980s. The top tax rate has been cut six times in the past four decades, often with support from Democrats, noted The Washington Post’s Christopher Ingraham. In fact, 40% of lawmakers who supported Reagan’s 1981 tax cut, which lowered the top tax rate from 70% to 50% were Democrats. Democrats provided the majority of votes for Reagan’s 1986 tax cuts that lowered the top tax rate even further to 28%.
Remember the saying, “Best government money can buy”?
thegreatsquare on
It’s the fiduciary responsibility to investors that require they don’t.
feastoffun on
No shit Sherlock.
Bottlecrate on
We know.
YellowZx5 on
I’m pretty sure this needs to be added to the noshitsherlock sub.
madbill728 on
I figured this out in the 80s. Fuck Reagan.
Responsible_Swim_319 on
Hello this is Robin Hood, for the last time “take from the rich fuckers and give to the people who deserve a break”
shuznbuz36 on
Yeah listen, I figured that out in 1989.
sheppi22 on
No shit. We all knew that. Even living with trickle down since Ronnie ray gun
22 Comments
They work exactly as they’re intended to work.
Wealth of 400 Richest Americans
2009: $1,270,000,000,000 (One trillion, 270 billion)
2020: $3,200,000,000,000
That was in the past. This new generation of wealthy will spread the wealth more fairly /s
This economic theory has been around forever. It used to be be called ‘The Horse and Sparrow’ economic theory. Over feed the horse and the sparrow gets what’s leftover.
I can see why they abandoned saying it that way.
The top .01% wage earners control 13.9% of all US assets and pay little to no taxes due to how Congress and the senate (with both parties) have set it up
Imagine owning 13.9% of US assets and pay America no tax’s
WTF
Lol the keep discovering this tid bit every decade or so. Makes for a good news story but they don’t ever fix it. In fact they make it worse by giving them tax cut after tax cut. They even managed permanent tax cuts, a gut punch to the rest of us. These tariffs the billionaire trump is so proud of is just another way for the billionaires to tax us so they can keep spending insane amounts on a military that honestly doesn’t show what we throw into it every year.
Our equipment is mostly is old and outdated still, I know this personally as I have actually served.
This study has been repeated dozens of times. The conclusion is always the same. And yet, after decades of conclusive debunking and as the national debt explodes, Republicans continue to trot out the absurd and magical notion that massive tax cuts for the massively wealthy grow the economy and make everybody rich.
Americans are innumerate.
Anyone with common sense knows the trickle down theory is a myth and has never worked…now we have a study to tell us it doesn’t work. thx
The republican smoke screen.
No shit Sherlock
Only trickling down is my savings account.
So, Saint Ronnie was full of shit.
50 fucking years?? 5 years should’ve be enough… even 10 would’ve been reasonable.
*Tf are we doing?*
Duh
>It is not just Republicans who have advanced policies that have led inequality to skyrocket since the 1980s. The top tax rate has been cut six times in the past four decades, often with support from Democrats, noted The Washington Post’s Christopher Ingraham. In fact, 40% of lawmakers who supported Reagan’s 1981 tax cut, which lowered the top tax rate from 70% to 50% were Democrats. Democrats provided the majority of votes for Reagan’s 1986 tax cuts that lowered the top tax rate even further to 28%.
Remember the saying, “Best government money can buy”?
It’s the fiduciary responsibility to investors that require they don’t.
No shit Sherlock.
We know.
I’m pretty sure this needs to be added to the noshitsherlock sub.
I figured this out in the 80s. Fuck Reagan.
Hello this is Robin Hood, for the last time “take from the rich fuckers and give to the people who deserve a break”
Yeah listen, I figured that out in 1989.
No shit. We all knew that. Even living with trickle down since Ronnie ray gun