Why are we still pretending ‘trickle-down’ economics work?
The Laffer curve has done immense damage to the US economy in the forty years since its inception. It also ignores a fundamental reality: tax cuts for the rich don’t work.
Each and every time state or federal governments have tested Laffer’s trickle-down theory, deficits balloon, rich folks hoard their wealth at the top, and average Americans suffer.
David C's Blog 