> Empirical data answers your question. Trickle down economics has been a provable disaster with the VAST majority of wealth accumulating in the hands of a few.
At no point did I mention "trickle down economics". I mentioned innovation and productivity, things that are easily measured. The gap between productivity and wages in the US only widely diverged once going off of hard money. This is because the upper class own assets (largely unaffected by monetary inflation) and the lower/middle class own currency (heavily affected by monetary inflation). If the empirical data you speak of is so evident, please provide some references for it. I don't subscribe to "trickle down economics" so I don't know anything about it.
The effective tax rate was never actually that high. There are always carve outs to lower the rate.
https://www.aei.org/economics/public-economics/were-taxes-re...
https://checkyourfact.com/2019/01/09/fact-check-90-percent-t...
> Empirical data answers your question. Trickle down economics has been a provable disaster with the VAST majority of wealth accumulating in the hands of a few.
At no point did I mention "trickle down economics". I mentioned innovation and productivity, things that are easily measured. The gap between productivity and wages in the US only widely diverged once going off of hard money. This is because the upper class own assets (largely unaffected by monetary inflation) and the lower/middle class own currency (heavily affected by monetary inflation). If the empirical data you speak of is so evident, please provide some references for it. I don't subscribe to "trickle down economics" so I don't know anything about it.
https://wtfhappenedin1971.com/