Here we go again.
Trickle-down economics is a theory that says benefits for the wealthy trickle down to everyone else. It is a theory that makes sense … on paper. In reality, it has been tried more than once and proven that it does not work. Repeat after me: Trickle-down economics does not work. It does not trickle down, but rather pools in the bank accounts and investment portfolios of those who already own most of the nation’s wealth.
The theory is that if the government provides substantial tax cuts, industry de-regulations, and negotiates trade agreements that favour the big businesses of the nation, those big businesses will earn higher profit margins, and will therefore use their additional wealth to build more factories, hire more people, create more jobs, increase workers’ wages and benefits. The workers will have more money to spend, will buy more ‘things’, thereby increasing the profits of the big…
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