50 years of tax cuts for the rich failed to trickle down, economics study says
www.cbsnews.com
Tax cuts for the wealthy didn't boost the economies of the U.S. and 17 other countries — but they did worsen income inequality.
  • gowan@reddthat.com
    1·
    1 year ago

    Because in 1983, the last and only time this worked, we cut taxes and as a result we took in more tax revenue as avoidance/evasion was more expensive. This is why some think the Laffer Curve has more validity than it should be ceded