Quote:
Originally Posted by CliffFletcher
That sounds an awful lot like trickle-down economics. Isn't that the justification for cutting taxes for high-earners - they'll spend that money on home renos, restaurants, etc, and that's good for everybody?
The stock market is booming. Lots of comfortable white-collar earners plowing money into the market during covid. Is that good for everyone too?
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Quite the contrary. IMO Trickle down is aimed at the rich, at people creating businesses, at a select few people. This is aimed at the masses and at consumers, attempting to create additional demand. It is vastly different to me.
Stock market is also for the rich. If you’re paycheck to paycheck or month to month like most poor and middle class people, they have few dollars for the stock market.
It very much appears that you’ve forgotten what it is like to be middle-to-poor class.