Originally Posted by ChecklistMonkey

Your reality is a fantasy and only reality for the top income earners.

"Since 2000, usual weekly wages have risen 3% (in real terms) among workers in the lowest tenth of the earnings distribution and 4.3% among the lowest quarter. But among people in the top tenth of the distribution, real wages have risen a cumulative 15.7%."

Also, the companies with their MASSIVE corporate tax cuts have spent a larger percentage paying back investors over corporate investment or wages which benefits.... Wait for it, the top 1%. But at least they are saving $150 a month on taxes.

Originally Posted by LumberJack

Trickle down doesn't work.

A 2012 study by the Tax Justice Network indicates that wealth of the super-rich does not trickle down to improve the economy, but it instead tends to be amassed and sheltered in tax havens with a negative effect on the tax bases of the home economy.

https://www.theguardian.com/business...omy-tax-havens


In 2013, Pope Francis referred to "trickle-down theories" in his apostolic exhortation Evangelii Gaudium with the following statement:



Evangelii Gaudium : Apostolic Exhortation on the Proclamation of the Gospel in Today's World (24 November 2013) | Francis


A 2015 paper by researchers for the International Monetary Fund argues that there is no trickle-down effect as the rich get richer:



https://www.imf.org/en/Publications/...spective-42986


A 2015 report on policy by economist Pavlina R. Tcherneva described the failings of increasing economic gains of the rich without commensurate participation by the working and middle classes, referring to the problematic policies as "Reagan-style trickle-down economics," and "a trickle-down, financial-sector-driven policy regime".

http://www.levyinstitute.org/pubs/pn_15_4.pdf

-Sourced from wiki