Showing posts with label trickle down economics. Show all posts
Showing posts with label trickle down economics. Show all posts
Friday, June 12, 2026
Wednesday, August 13, 2025
Sunday, October 29, 2023
Sunday, September 24, 2023
Sunday, February 26, 2023
Opinion | Wonking Out: Conservatives Face a Rude Fiscal Awokening - The New York Times
Many House Republicans are reportedly listening to Russell Vought, Donald Trump's former budget director, who has a new think tank and has been circulating a budget proposal titled "A Commitment to End Woke and Weaponized Government," which purports to show a way to balance the budget without touching Medicare and Social Security. The document uses the word "woke" 77 times, and — weirdly for a fiscal blueprint — also manages to mention critical race theory 16 times.
Anyway, the proposal relies in part on magical thinking — the assertion that conservative economic policies will cause a burst of economic growth that in turn increases tax receipts. Such claims have, of course, never — and I mean never — worked in practice. But it's difficult to get politicians to understand something when their careers depend on their not understanding it...
Friday, January 27, 2023
Rick Scott’s line on taxes manages to become even less coherent
This idea has been tested repeatedly in the real world, and it's failed every time. Most recently, Scott and other Republicans slashed taxes during the first year of Donald Trump's presidency, and budget deficits predictably soared. In fact, GOP policymakers added trillions of dollars to the national debt, even before the Covid pandemic, thanks in large part to the tax breaks they handed the wealthy and big corporations. The stream of new revenue that the party assumed would flow into the treasury never materialized...
Monday, October 3, 2022
The US ultra-rich justify their low tax rates with three myths – all of them rubbish
Don't fall for these three myths. +
Trickle-down economics is a cruel joke.
The so-called free market has been distorted by huge campaign contributions from the ultra-rich.
Don't lionize the ultra-rich as superior "self-made" human beings who deserve their billions. They were lucky and had connections.
Friday, April 30, 2021
Many Republican voters agree with Biden - 'trickle-down economics' has failed | Reuters
… A majority of Americans support measures favored by President Joe Biden to substantially redistribute U.S. wealth, according to an Ipsos poll for Reuters released on Thursday, including tax hikes on the wealthy and a higher minimum wage…
Biden: 'Trickle-down economics has never worked' | TheHill
"When you hear someone say they don't want to raise taxes on the wealthiest 1 percent or corporate America, ask them, whose taxes do you want to raise instead, and whose are you going to cut?" Biden added.
Monday, December 21, 2020
Trickle-down economics doesn't work but build-up does – is Biden listening?
"There are two ideas of government. There are those who believe that, if you will only legislate to make the well-to-do prosperous, their prosperity will leak through on those below. The Democratic idea, however, has been that if you legislate to make the masses prosperous, their prosperity will find its way up through every class which rests upon them."
Friday, December 18, 2020
Huge new study shows 'trickle-down' economics makes inequality worse, researchers say | TheHill
The concept of cutting taxes to generate more revenue was a key foundation of Reaganomics.
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