theprof00 on 12 August 2011
The problem, the REAL problem, besides trickle-down, is the tax system.
There are currently so many loopholes that trickle-down cannot work. In theory, ie; on paper, it does work, because the money changes hands and creates taxable opportunities. However, the way it is now (even the fed chairman said so) the top 1% (and many other super rich) can literally go without paying any taxes due to loopholes.
The only real solution I've seen is to have a flat tax, because the current tax code is filled with these loopholes, and a flat income tax would have to start from scratch, but the flat sales tax looks promising too.
Also, our current market is not really a free market. We need to free up competition.
