John Fugelsang tweet:

[tblue37]

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So it really is working just as they intended


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Paul Sweeney MSP
@PaulJSweeney
· Feb 13
According to a study by the London School of Economics, 50 years worth of tax cuts contributed absolutely nothing to GDP growth and employment rates across 18 nations that tried 'trickle down economics', since the wealthiest hoard far more than they spend.
https://cbsnews.com/amp/news/tax-cuts-rich-50-years-no-trickle-down

[patphil]

1. The wealthy also have a nasty habit of engaging in foreign investment.

Their money goes where the ROI is. It doesn't necessarily get plowed back into the economy of the country they live in.
After all, what do they care about their country. They're only in it for the money.

[erronis]

2. But the victors of the spoils get to write the history books. The rich (white) folks say

it was a success and that's what gets written.

None of the rest of us really have time and the resources to read esoteric alternate histories. And we are kept away from the levers of power.

[rurallib]

3. what a surprise

[uponit7771]

4. Yep the more they hoard the higher their yearly income without touching principal

[bucolic_frolic]

5. Economists are front men for how the pie is divided

The wealthy set the agenda, hire the economists who invent the theories, then sell them to the politicians and the public.

[KS Toronado]

6. The only new jobs created by trickle down economics

are a few in the stock market/banking industry. And it's the only jobs program reQublicans have ever known.

[BlueJac]

7. Suprises! suprises!

[SergeStorms]

8. Their wealth trickles down...

into money managers and accountants hands, where it somehow disappears from sight. Well, the government's sight, that is.

"Trickle down" economics has never had the advertised benefit of getting to the poor and working class. The wealthy can afford to find ways so that doesn't happen. That's why we need to increase Democratic majorities in both the House and Senate, so we can reverse those ridiculous tax cuts for the wealthy from TFG.

For far too long they've dodged paying their fair share of taxes at the expense of the poor and middle class. No more free rides for the freeloading wealthy.

[czarjak]

9. More Wealth for the Wealthy Party. Period. Pitiful.

[MarcA]

10. It's not just about owning the wealth but making sure others don't

through debt, privatization of resources and divide and conquer.

[calclar]

11. By any other name:

Libertarianism for the oligarchs - who's ROI buying politicians is the best deal they've ever seen.

[malaise]

12. Trickle down is a massive failure

Rec

[ashredux]

13. It's simple...pay workers a real living wage and they BUY MORE SHIT FROM YOU!

You actually make More Money !

[The Jungle 1]

14. Republicans have been reselling that bridge for 40 years.

It is way past time to expose this massive con.
Trump sold it again and America bought it again.
Trickle down is the big lie.

[rickyhall]

15. But it was a success. The rich got wayyyy richer, the rest of us got fucked.

Mission Accomplished. And they're still peddling it.

[aggiesal]

16. And watch how hard the GOP fights to keep from raising taxes on the wealthy ...

for the infrastructure bill, to the point it won't get done as a bipartisan bill.

[The Wizard]

17. Socializing the risk / losses

and privatizing the profit is the GQP model.