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Originally Posted by MelBridgeman
I said trickle down works better than anything else ever tried...but that is based on what i think the end result would be. The Capitalism comment was an after thought. Sorry for the confusion. If i had to chose between lowering taxes on the rich or raising them - I know which one will I would chose. People will always find ways to pay as little as possible.
https://www.theglobeandmail.com/poli...-2016-despite/
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Except there's no proof of this. The US' greatest economic times were during a period of significantly higher taxes on the highest earners. And even the honest billionaires admit this. The others don't want to say anything because they of course want to keep more of their money. We just had more evidence of this less than a year ago when the tax cuts resulted in no job growth, but bonuses and stock buybacks.
The stock market is not the economy. Profits need to be pushed into the working middle classes so they can use the money to consume to drive the economy.