Quote:
Originally Posted by Cobalt 25
The non-partisan Tax Policy Center has said that by 2027, 83% of this tax bill's benefits will go to the top 1%.
Does that seem right?
The trickle down economics theory has had VERY mixed reviews, many claiming it does not work at all.
Someone said earlier they did not like the way this thread was going. This tax bill is going to have a MAJOR impact on our country's future. Why shouldn't it be discussed?
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We should have discussed the tax cut just like we discussed Obamacare. Oh yeah, I forgot, we didn't discuss Obamacare. It was rammed in by the Democrats. Unfortunately, neither party is too interested in discussing anything at this point.
Regarding trickle down, do you own a business? Big or small, businesses create jobs. And it's not just jobs, it's the parts manufacturers, local restaurants, coffee shops, clothing shops, etc. that support businesses. Yes, leaders of large companies and owners of small and medium companies make money. However, in a capitalistic economy, we should be less concerned about how much wealthy people make but more on how we can enable businesses to succeed. The corporate tax cut achieves this objective.