<![CDATA["“trickle-down” economics — a concept pushed by Republican to justify slashing taxes on the wealthy — have only benefited the rich and worsened economic inequality while failing to decrease unemployment or grow the economy."]]>"“trickle-down” economics — a concept pushed by Republican to justify slashing taxes on the wealthy — have only benefited the rich and worsened economic inequality while failing to decrease unemployment or grow the economy."

"A paper from the London School of Economics and Kings College’s London, looked at the effect of 50 years of tax cuts for the wealthy in 18 developed countries: the concept has always been flawed."

https://www.salon.com/2020/12/27/50-year-study-of-tax-cuts-on-wealthy-shows-they-always-fail-to-trickle-down/

]]>https://forum.fedi.dk/topic/67dbd46c-852c-407c-b202-0127366a1c0b/trickle-down-economics-a-concept-pushed-by-republican-to-justify-slashing-taxes-on-the-wealthy-have-only-benefited-the-rich-and-worsened-economic-inequality-while-failing-to-decrease-unemployment-or-grow-the-economy.RSS for NodeTue, 28 Jul 2026 03:14:01 GMTMon, 13 Jul 2026 23:09:24 GMT60<![CDATA[Reply to "“trickle-down” economics — a concept pushed by Republican to justify slashing taxes on the wealthy — have only benefited the rich and worsened economic inequality while failing to decrease unemployment or grow the economy." on Tue, 14 Jul 2026 01:27:15 GMT]]>@aSweetGentleman What?? It doesn’t trickle down? Shocking.

]]>https://forum.fedi.dk/post/https://zeroes.ca/ap/users/116271030370327920/statuses/116915728269630364https://forum.fedi.dk/post/https://zeroes.ca/ap/users/116271030370327920/statuses/116915728269630364Tue, 14 Jul 2026 01:27:15 GMT<![CDATA[Reply to "“trickle-down” economics — a concept pushed by Republican to justify slashing taxes on the wealthy — have only benefited the rich and worsened economic inequality while failing to decrease unemployment or grow the economy." on Mon, 13 Jul 2026 23:14:06 GMT]]>Link to the original research studying 50 years of tax cut in 18 countries.

"The Economic Consequences of Major
Tax Cuts for the Rich"

"We find that major reforms reducing taxes on the rich lead to higher income inequality as measured by the top 1% share of pre-tax national income.
The effect remains stable in the medium term.
In contrast, such reforms do not have any significant effect on economic growth and unemployment."

It's called FACTS.

https://researchonline.lse.ac.uk/id/eprint/107919/1/Hope_economic_consequences_of_major_tax_cuts_published.pdf

]]>https://forum.fedi.dk/post/https://mstdn.social/users/aSweetGentleman/statuses/116915204688495008https://forum.fedi.dk/post/https://mstdn.social/users/aSweetGentleman/statuses/116915204688495008Mon, 13 Jul 2026 23:14:06 GMT