My favorite part is how they have to ignore the existence of Nordic countries where taxes are high and capitalism still works pretty well while everyone also pays less for healthcare and gets more out of it
FDR coined the term "trickle down" 90 years ago (October 2nd, 1932). The use of the term is a reliable indicator of the alignment of the speaker/writer.
More than 50% of households already pays zero Federal income tax. Are you not entertained?
Well, it is proven that high taxes is as bad as low taxes for tax revenues. So why not have low taxes? Because giving the government more money is never equal to higher welfare.
Poor people couldn't afford smart phones 10 years ago. Investments from rich people and consumer needs made it so even the poorest can currently afford a phone that's arguably more powerful than the standard computer was 10 years ago.
“Taxing the rich” means taxing people who are currently making money, not people who already have money. More government red tape never helps. Hold up, I can shorten that: government never helps.
Imagine a world with only rich white men can afford to wear a Rolex
But right now somewhere in the ghetto, some black dude can wear an authentic Rolex watch with 18 carats of purest gold around the bezel
That's trickle down economics, and not because the Rolex became affordable to everyone
Trickle-down theory doesn't exist. According to Thomas Sowell, in his book, Myths of Markerts, chp 23:
" such proposals must believe that benefits should be given to the wealthy in general or to business in particular, in order that these benefits will eventually “trickle down” to the masses of ordinary people. But no recognized economist of any school of thought has ever had any such theory or made any such proposal. It is a straw man. It cannot be found in even the most voluminous and learned histories of economic theories."
Another leftist strawman
Nigga you don't even know what trickle-down economy refurs too.
Tell me where in any book or anything about trickle-down economics does it mention physical money dropping from spart people into your hobo pockets.
Oh that's right, you rpob can't eveb read.
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