The basic idea behind trickle-down economics--that giving tax breaks to those who are already wealthy will cause them to spend more, and that that increase in spending will eventually trickle down to the middle class--ignores one basic fact about the rich...
The rich get rich, and stay rich, by hoarding money and not by spending it.
Showing posts with label Trickle-down Economics. Show all posts
Showing posts with label Trickle-down Economics. Show all posts
Tuesday, 10 May 2011
Subscribe to:
Posts (Atom)