8 comments

  • FrankWilhoit11 hours ago
    The trickle down was never meant to trickle and if it had, the people who advocated it would not have advocated it. Its purpose, like that of the "business cycle", is to concentrate ownership.
    • dpe8211 hours ago
      The "business cycle" has no purpose; it's an emergent phenomenon.
    • Gibbon15 hours ago
      I think Will Rogers has a quote that the advantage of giving poor people money is they get to use it for a short time before the rich get their hands on it. In honest economics this is referred to as the propensity to consume.

      I extend it by noting when you give the wealthy money they use it to blow asset bubbles.

  • fuzzfactor9 hours ago
    50 years ago plenty of us knew they were lying at the time.
  • Neonlicht8 hours ago
    It would help if rich people and companies would stop trying to avoid the tax system.
    • Gibbon15 hours ago
      I worked for a company where they seemed more concerned with tax liability than developing products and securing customers.
  • kristianp3 hours ago
    See also past discussions of this study: https://hn.algolia.com/?q=trickle+down+
  • gruez12 hours ago
    (2020)
  • JohnnyLarue8 hours ago
    [dead]
  • 6stringmerc12 hours ago
    [dead]
  • refurb7 hours ago
    This seems like a odd conclusion.

    The Reagan tax cuts and Trump tax cuts lowered taxes for many in the middle class. I never heard anyone claim anything about tax cuts "trickling down", it was more "you'll pay less taxes".

    • ngetchell7 hours ago
      I think you'll find if you do a little research that Republicans use the idea of trickling down to justify their tax cuts. They even make the CBO change their accurate models to "dynamic scoring" models to help sell those tax cuts.
      • refurb6 hours ago
        No, "trickle down" is just what the opposition called it.

        "Political opponents of the Reagan administration soon seized on this language in an effort to brand the administration as caring only about the wealthy."

        https://en.m.wikipedia.org/wiki/Trickle-down_economics

        The argument was never that "tax cuts for the wealthy make it down to the middle class", it was supply side - lowering taxes gives people more money (in general) which stimulates economy activity.