commented on Trickle-Down Economics: Four Reasons Why It Just Doesn't Work
2017-12-24 12:45:42 -0500
One way to prevent yourself from suffering is to just become rich yourself. Surely, relying on the rich to “trickle down” the wealth they attain from tax breaks may work for some time; however, to think that just because the top pay fewer taxes means that everybody will get wage increases does not make much sense (why pay people more to do the exact same job?). The tax cuts will allow the rich to invest more money, so that they are able to make more money, and in the sense they make more jobs or their employees. However, does that lead to an increase in pay for employees (I do not know). The other solution is to just tax everyone 50% no matter what, and that will allow people to have health insurance, education, and a bunch of other “free stuff”. Regardless of what country you live in and the situation you are in, there are one of three options: (1) deal with it and make it work for your benefit, (2) move to a country where there are laws you enjoy, or (3) change the system where you are in. As for me, I do not wish to be a lawmaker yet, so I prefer to work the system to my advantage and use it to benefit others.