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.
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.