50 years of tax cuts for the rich failed to trickle down, economics study says

[kurtcagle]

7. It's actually why with the 2018 tax cuts

Congress didn't even try to disguise that it was a tax holiday for the wealthy.

The problem that most Americans have is that they are sold on the concept that they are, one and all, temporarily disadvantaged millionaires. No one wants to reduce taxes on the wealthy if they believe that they'll be wealthy one of these days. When I go to the gym, they usually have TVs set to home improvement shows, with the premise generally being that the suddenly wealthy couples (either through lotteries or other happy accident) get to showcase the construction of the home of their dreams by the hosts. This has been so successfully sold to the American public that few actually look beyond the facade, at how few people actually get to the point where they'd benefit long term from these tax cuts.