Mr BFK
Active Member
Trickle-down economics just doesn't work, and this study shows it (zmescience.com)
There you go. That addresses just one study. Again, government mismanagement is problematic, but all governments have that problem. There's a reason why America is lagging behind other developed nations. It isn't government mismanagement. It is the commitment of the government to serving the interests of the rich to the detriment of everyone else.
please explain how having a lower cap gains rate translates into being "trickle down economics"..........when anyone at any income level can invest their money for long term capital gains
and how exactly is America lagging behind other developed nations because of the lower cap gains rate?
it IS govt mismanagement, hence my point about how every time the govt throws money at a problem, it actually exacerbates it in the long run (ie. my previous points about college and student loans, and headstart being a parallel to universal pre-k)
plus wouldn't a 99% estate tax be a better solution to eliminate any perceived unfairness of the overall tax system? raising the cap gains rate would make minimal impact on the wealth gap which is the real problem