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

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