Does Trickle-Down Economics Actually Work?
- Thread starter Frederick Foresight
- Start date
Thats probably the stupidest thing anyone has ever said in American history.
No-----no it's not.
Most public state pension funds base their funding on returns of 7-8% a year
This has long term effects on state funding of pension obligations
If costs go up, a company fires workers and cuts salary benefits to preserve its bottom line.
If a company sees a surge in revenue/incomes, they often focus on their bigger profit margins, not sharing it with all the workers.
If a company gets a large tax break it often rewards itself.
Why would an economic theory work if it is based on rich people taking their extra wealth and suddenly sharing it with all the poor people below them?
If a company sees a surge in revenue/incomes, they often focus on their bigger profit margins, not sharing it with all the workers.
If a company gets a large tax break it often rewards itself.
Why would an economic theory work if it is based on rich people taking their extra wealth and suddenly sharing it with all the poor people below them?