commented on Trickle-Down Economics: Four Reasons Why It Just Doesn't Work
2016-10-11 12:03:51 -0400
This article is incredibly misleading and I encourage all to actually look into how supply side economics actually works. Liberals labeled it “Trickle down economics” as to politicize the theory and attack it. Yes, it actually does work. Without getting too detailed, let me ask you a simple question. Who creates jobs? Corporations and high earners. When you tax corporations and high earners more, they do what they have always done. They leave this country or adapt their business model to make more money. That’s how economics works. Now let’s go on the other hand and say we tax the 1% of wealth in this country at 90% or higher as some of these crazy people think will actually work. One, you have given a strong incentive for every corporation and high income individual to leave this country as soon as possible. Now those $15/hr jobs you thought you would have belong in China or elsewhere. And no, you have no way to force them to stay just because they’re an American company. So where does that leave you? Oh you could nationlize every company in the United States but then we’re no better than the Soviet Union that your parents fought against for 50 years. Understand now?