50 years of tax cuts for the rich failed to trickle down, economics study says
50 years of tax cuts for the rich failed to trickle down, economics study says
Tax cuts for the wealthy didn't boost the economies of the U.S. and 17 other countries — but they did worsen income inequality.
Aus Mastodon von Michael Albert übernommen:
Britische Forscher haben herausgefunden, dass Steuersenkungen für Reiche keinen (Trickle-Down-) Effekt auf den Wohlstand eines Landes haben. Die Reichen werden lediglich reicher und die Ungleichheit steigt.
72the tax cuts don't help, but the real issue is constantly stealing wealth and income from the bottom 90% through debt and inflation, then handing that money over to the rich indirectly through artifically cheap loans and slow but constant wage cuts.
rich people and corporarions benefit way more from inflation and debt than the average person.
it's way easier for the rich to raise prices to compensate than it is for the working class to get higher wages.
meanwhile cheap debt floods every market and overinflates all prices. so the working class gets doubly screwed by.
The tax cuts make everything worse, but I don't think they are the root cause.
35True: the underlying system where power is distributed on the basis of wealth and wealth can be used to entrench power (aka capitalism) is the real issue
15Youre not wrong, but keep in mind that what you pointed is not the central piece of exploitation. The very relationship of employer-employee is where the fundamental mechanism id, for your wage is already you being stolen. You can tax all you want, remove all abusive loans etc, as long as labor work as is today, nothing will fundamentaly change. Employers take a very big cut of the value employees create, and thats where inequality begins
5
Kann das mal bitte jemand Chrissi und Fritz vorlegen? Obwohl die ja auch solche Faktenlagen noch ignorieren.
21Was heißt hier ignorieren, die finden das gut. Dieser Quatsch von wegen "das ist auch für Arbeiter gut weil es die Wirtschaft ankurbelt" ist pure Propaganda.
11Da könnte ich noch nicht mal was anderes sagen. Irgendwas mit Leistungsträger und Neid oder so würde da (mal wieder) kommen.
3
Ich glaube nicht an solche Studien.
\- Chrissi L.
10
I, for one, am shocked.
Shocked I say. Shocked.
19i’ll say it too. shocked.
5
Cause it‘s always been a lie
19Isn't it like the 1000th such study?
8Vielleicht mal "trickle up" als alternativen Ansatz vorschlagen.
7Ich glaube nicht an solche Studien.
- Chrissi L.
1
So, und jetzt könnte man einen Kurswechsel machen und wieder produktivere Politik betreiben.
Haha jk jk, es wird weiter neoliberaler Scheiss gemacht.
6I don't think know we need an economic study to figure this out
4Yeah, where do I get in on this grant money?
I've got a few ideas for studies the world just needs to know about:
"Readiness of handy calculator more prevalent then thought 50 years ago."
"Silver jumpsuits not as common in 21st century as 20th century media suggests."
4
Pikeetty also showed this
3Huh, I guess satire is dead. I thought this was an Onion headline.
2Oh it’s trickling down alright. In exchange for votes.
0