Fifty Years of Tax Cuts for Rich Didn't Trickle Down, Study Says

[soothsayer]

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Kyle Griffin
@kylegriffin1
50 years of tax cuts for the rich didn't trickle down, a new study says.

Fifty Years of Tax Cuts for Rich Didn’t Trickle Down, Study Says
bloomberg.com
https://t.co/YjZUgRjO40?amp=1

[albacore]

1. In other news.... water is wet. nt

[soothsayer]

2. Pretty much

[bullimiami]

3. No shit?

[Wawannabe]

4. Duh!

🙄

[MiniMe]

5. It took them 50 years to figure that out?

[procon]

6. Republicans ran the best scam in history with

that con game. Undoubtedly they laughed all the way to the bank, and deservedly so. They ran their reverse Robin Hood scheme successfully for the better part of a century, transferring wealth from the poor side of the ledger to the rich side.

Everyone knew. It was so obvious that they were running audacious con game, but somehow they were able to bamboozle everyone into believing the nice rich folks would help the lesser beings if they gave them enough money, perks and tax breaks. It was better than a ponzi scheme.

The little people gave up their futures to enrich the already fabulously wealthy. The news media dutifully reported the glittering press releases everytime some low wage, dead end jobs were offered. Politicians, the only recipients of rich people's philanthropy, eagerly perpetuated the trickle down myth.

Are we awake yet? Probably not.

[CrispyQ]

8. +1

The federal minimum wage of $7.25 per hour hasn't gone up since 2009. Too many people think that teenagers fill most of the minimum wage jobs when that isn't true at all.

This is a little dated, but it's a good article.

Low-wage Workers Are Older Than You Think
88 Percent of Workers Who Would Benefit From a Higher Minimum Wage Are Older Than 20, One Third Are Over 40

https://www.epi.org/publication/wage-workers-older-88-percent-workers-benefit/

[CrispyQ]

7. No shit, Sherlock.

[Johnny2X2X]

9. They came at a cost

The cost was affordable health care, affordable college, and living wages for workers.

People need to be reminded, that a family in the US used to be able to live on 1 income. Families had 2 cars and owned a home on 1 income. 1 parent stayed home to raise the children so child care costs were nil. College was something you could save for by working Summer jobs.

Workers had this kind of life in America, they had it because we had a system that allowed them to share in the wealth their labor produced. And now, their labor produces more wealth than ever before, the standard of living should have increased with it, but workers get less and less so the already rich can not just be regular rich, but can live like kings.

The poor and working class suffer so much not so the upper middle class or moderately rich can live great, but so the richest 10,000 families can live like literal royalty. The average person has no idea what that life is like or that their work is what funds it.

[Midnight Writer]

10. Funny, I feel like I've been trickled down upon