Filmmaker and entrepreneur Tyler Perry is a billionaire. His Atlanta studios receive massive tax write-offs, premised on the idea that his success will inspire others. If that sounds familiar, it’s because it’s a liberal version of trickle-down economics.
No. The top 10% aren’t giving money to help mom and pop businesses, they are buying stocks, the vast majority of which they own , removing that wealth from the larger economy, as I was saying.
That’s, by definition, not removing wealth from the economy.
It is when there’s such a disconnect that there’s two economies: the one of most of society, in which money circulates and then most of it rises to the second one, the one of the top 10% where almost none of it finds its way down.
It’s kinda like a 16 lane highway going one direction and an overgrown footpath with bear traps in the other direction.
What if I told you that you could support taxing wealthy people more and know how basic facts of the economy work.
With you on the first part, way ahead of you on the other.
No. The top 10% aren’t giving money to help mom and pop businesses, they are buying stocks, the vast majority of which they own , removing that wealth from the larger economy, as I was saying.
That’s, by definition, not removing wealth from the economy.
What if I told you that you could support taxing wealthy people more and know how basic facts of the economy work.
Personally I’m for dramatic progressive tax increases on the top 3 quintiles. That doesn’t change basic facts.
It is when there’s such a disconnect that there’s two economies: the one of most of society, in which money circulates and then most of it rises to the second one, the one of the top 10% where almost none of it finds its way down.
It’s kinda like a 16 lane highway going one direction and an overgrown footpath with bear traps in the other direction.
With you on the first part, way ahead of you on the other.