Quote:
Originally Posted by Jay Random
So you're one of those people who think it's welfare if the government lets you keep some of your own money. Gotcha.
Maybe your provincial income taxes ought to be raised by 20%, too. Did you ever think of that? You welfare bum you.
|
Maybe they will be considering a province awash in resources is going into debt. The fact you can't wrap your head around it makes me believe you don't understand the basic principals of economics.
In fact, researchers found that when the top earners in society make more money, it actually slows down economic growth. On the other hand, when poorer people earn more, society as a whole benefits.
The researchers calculated that when the richest 20% of society increase their income by one percentage point, the annual rate of growth shrinks by nearly 0.1% within five years.
This shows that "the benefits do not trickle down," the researchers wrote in their report, which analyzed over 150 countries