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Wealth doesn’t trickle down, it remains at the top

Writer's picture: Classic City NewsClassic City News


Since the 1980s, Republicans have argued for cutting public programs because they cost too much money, such as Social Security, Medicare. At the same time, they argure that tax cuts for the wealthy would pay for themselves by expanding the economy, thus increasing tax revenues.

History shows that “trickle down” economics hasn’t worked. But that has not stopped Republicans from passing repeated tax cuts for the wealthy, one as recently as December 2017. The MAGA party promised at that time that massive tax cuts for the richest Americans and corporations would unleash rapid wage growth.

Growth did not occur until investments were made by the Biden administration and Democrats to slow down COVID, rescue our economy, lower unemployment, and put money into our infrastructure.

Every step of the way, Congressional Republicans have sided with special interests and continue to push an extreme MAGA agenda that costs families. We need leaders that move us forward, not those that dwell on the past. Register to vote, show up and vote.

Linda Gilbert

Athens

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13 Comments



ne_ga_kayak
Oct 31, 2022

How many poor people have you worked for? Being serious. I've never worked for anyone poor and I am really old. Seemed to trickle just fine with my paycheck.

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John Gurley
Oct 27, 2022

YIPES

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Albert Osteen
Albert Osteen
Oct 22, 2022

My wealth is His wealth.

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shirebourne
shirebourne
Oct 20, 2022

Sound advice, Oh wait! No one ever said that. Fake news from democrapts Good try though. Got any more for me?

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