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50 years of tax cuts for the rich failed to trickle down, economics study says (www.cbsnews.com)

submitted 8 months ago* (last edited 8 months ago) by D_a_X@feddit.org to c/dach@feddit.org

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Aus Mastodon von Michael Albert übernommen:

Britische Forscher haben herausgefunden, dass Steuersenkungen für Reiche keinen (Trickle-Down-) Effekt auf den Wohlstand eines Landes haben. Die Reichen werden lediglich reicher und die Ungleichheit steigt.

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[–] DavidGarcia@feddit.nl 35 points 8 months ago (2 children)

the tax cuts don't help, but the real issue is constantly stealing wealth and income from the bottom 90% through debt and inflation, then handing that money over to the rich indirectly through artifically cheap loans and slow but constant wage cuts.

rich people and corporarions benefit way more from inflation and debt than the average person.

it's way easier for the rich to raise prices to compensate than it is for the working class to get higher wages.

meanwhile cheap debt floods every market and overinflates all prices. so the working class gets doubly screwed by.

The tax cuts make everything worse, but I don't think they are the root cause.

[–] mindaika@lemmy.dbzer0.com 15 points 8 months ago

True: the underlying system where power is distributed on the basis of wealth and wealth can be used to entrench power (aka capitalism) is the real issue

[–] FreudianCafe@lemmy.ml 5 points 8 months ago

Youre not wrong, but keep in mind that what you pointed is not the central piece of exploitation. The very relationship of employer-employee is where the fundamental mechanism id, for your wage is already you being stolen. You can tax all you want, remove all abusive loans etc, as long as labor work as is today, nothing will fundamentaly change. Employers take a very big cut of the value employees create, and thats where inequality begins