| Rath said: Talking of tax-cuts and such, does anyone actually still think trickle-down economics genuinely helps the poor in the end? |
Not really. I guess i depends on how it's implemented. Over the last 30 odd years with the liberalisation of the financial sector the rich got very very rich, while for everyone else wages stagnated (adjusting for inflation). But most people didn't really care or noticed because the quality of life seemingly improved, technology in all sectors (cars, sound systems, PCs, washing machines etc) kept improving, lots of escapist activities to take one's mind of things like gym, sport, movies, pubs, clubs, games and so on.
There's a lot of interesting arguments on the issue as those on the left tend to refer to cherry picked statistics to support their arguments while on the right there's more of a belief in the individual and market fundamentalism (like faith like religious fundamentalism but the invisible hand instead of God).
