Mmastodon BusinessEconomy first seen 4 d ago, last 3 d ago, peak #2
50-year study finds tax cuts for the rich never trickle down
Original: 50-year study of tax cuts on wealthy shows they always fail to "trickle down"
A new analysis spanning five decades finds that tax cuts for the wealthy consistently fail to deliver the promised 'trickle down' benefits. According to the research, cutting taxes for the rich increases inequality without growing the economy or reducing unemployment. Commentators are citing the findings as fresh evidence against supply-side economic policies that have shaped tax debates in the US and elsewhere for decades.
Why now: The findings feed directly into ongoing political debates over tax policy and inequality.
Rank over time, top of the chart is #1. 153 snapshots from 4 d ago to 3 d ago.
Evidence
- 50-year study of tax cuts on wealthy shows they always fail to "trickle down" · Salon.com
Tax cuts for the rich increase inequality and don’t grow the economy or decrease unemployment, research shows consistently
API: https://socialmediatrends-api.osmike.com/v1/trends/2315106