Why Trickle Down Doesn’t Work
- Tax cuts for the wealthy doesn’t trickle down, at least not in the US, the evidence is clear.
- Tax cuts for corporations might fare a little better through increased investments by small private companies and self-fulfilling optimism.
- The idea that tax cuts will pay for themselves hasn’t played out in the past and is even less likely to play out today.
- However, the tax cuts are likely to be very good for shareholders.
Source: Why Trickle Down Doesn’t Work – SPDR S&P 500 Trust ETF (NYSEARCA:SPY) | Seeking Alpha
Tags: Economy · Voodoo economics