Gourmet said:
Soundwave said:
It's been shown in several studies that tax cuts don't grow the economy.
http://www.businessinsider.com/study-tax-cuts-dont-lead-to-growth-2012-9
Rich people just take those tax cuts and hoarde the money for themselves, they don't "trickle it down" to the average peons, the whole point is to keep as much for yourself as possible and push it into off-shore tax havens.
Trump and others have parroted this line of tax cuts spurs the economy for the "middle class", if that was true the middle class of today should be much more prosperous than say the 1960s when taxes on higher income brackets were far higher. But that is not the obvious reality.
|
Because tax evasion does not exist and neither does tax close any businesses, right?
|
Here's the thing "middle class" people don't understand. The game is rigged against you. Rich people hire accountants, lobbyists, attorneys to make sure they keep every last cent as much as they can.
And with a global economy they're under no obligation to invest their money in any way, shape, or form that would benefit the average joe. They can invest in China, India, not some plant in Ohio.
Cutting taxes on mega-rich individuals/companies is like saying you need to get lighter to run faster, so cutting your feet off is a good idea. It doesn't work.
