Quote:
Originally Posted by stone hands
Trickle down economics gets a bad wrap because it doesnt work and it defies basic logic
The reason people consider communism a non-starter is because human nature is too greedy and individualistic for it to work,people are always gonna want more than their neighbors especially if they perceive like they earned it
...however proponents of trickle down economics use the complete opposite logic that individual stakeholders who receive more profits will part with them willingly is just asinine, especially in an economic system that succeeds because of the individual quest for wealth. Additional profits has always and will always not only mean those increased profits go directly to the stakeholders(as the system is designed), but that these stakeholders now have an expectation of a baseline of growth from it
It makes for some good rhetoric(a rising tide does indeed lift all boats), but doesnt work in practice
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It doesn't defy logic. For example, if you give a tax break to a corporation, and they move their production facilities into your jurisdiction, as a result of that tax break, then the workers they employ benefit.
Saying that cutting taxes at the top never works is no different than saying socialist policies never work. There are circumstances where both work, and problems only arise when people speak in absolutes.