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redeggplant01 t1_j72rxcz wrote

> TRICKLE DOWN ECONOMICS DOESN'T WORK.

Yes it does

Wealth is property and the amount accumulated by one person is not the business of any other person and it is only in jail that wealth fairly distributed

Nor is wealth hoarded. it does one or more of 3 things

The rich will place their wealth in the banks which is then loaned out by the banks which in turn creates new jobs

The wealthy will invest their wealth in some other industry through stocks/equities which again will create new jobs

The wealthy will spend their wealth on their own consumption which in turn also creates new jobs

That's is the trickle down theory and it works fine

THE PROBLEM THE LEFT WHINES ABOUT BUT DOES NOT UNDERSTAND, is that government has inserted itself because it thinks it knows better then the market where wealth should flow.

Through policies of theft ( taxation ), prohibition, state granted monopolies, subsdies, and regulations, it has stifled the flow of wealth and thus the poor suffer for it

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BelichicksBurner OP t1_j72svv4 wrote

https://www.businessinsider.com/history-of-tax-rates

Learn up. Unless business insider is too left leaning for you, smart guy.

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