Tax cuts for the wealthy only benefit the rich (2023)

EDIT: Seems like the article is suggesting that giving more disposable income to the rich, results in them using that extra income to buy capital rent seeking assets. So it is a double fuck you to the poor. Because not only do the rich end up paying proportionally less in taxes, but they also use the extra money to compete with you for your home, buy the home and rent it back to you, putting you in an even worse financial situation.

Re: Tax cuts for the wealthy only benefit the rich (2023)

#5

Post by ceejayoz » Fri, Aug 07, 2026, 5:10 PM UTC

cdrnsf wrote: post #3

Well, yes — much like trickle down economics.

Yeah, turns out the trickle is just piss.

Re: Tax cuts for the wealthy only benefit the rich (2023)

#6

Post by manlymuppet » Fri, Aug 07, 2026, 5:11 PM UTC

The thing I don't like about this is that it treats trickle-down economics as if it's something that needs to be debunked. Trickle-down economics has never been a real economic policy, and never been seriously advocated by federal policy-makers. It is an entirely pejorative term created by detractors of supply-side economics.

The policies of supply-side economics, however, are much more defensible, but it seems people would much rather pick on the strawman.

Re: Tax cuts for the wealthy only benefit the rich (2023)

#7

Post by ratelimitsteve » Fri, Aug 07, 2026, 5:11 PM UTC

numbers_guy wrote: post #4

No shit. If you want a tax cut to have an economic impact, cut taxes for the poorest, the ones with the least disposable income. EDIT: Seems like the article is suggesting that giving more disposable income to the rich, results in them using that extra income to buy capital rent seeking assets. So it is a double fuck you to the poor. Because not only do the rich end up paying proportionally less in taxes, but they al…

it really does trickle up, and the greater percentage of their income the beneficiaries spend on consumables the greater the upward benefits.

Re: Tax cuts for the wealthy only benefit the rich (2023)

#8

Post by ratelimitsteve » Fri, Aug 07, 2026, 5:12 PM UTC

ceejayoz wrote: post #5

cdrnsf wrote: post #3

Well, yes — much like trickle down economics.

Yeah, turns out the trickle is just piss.

the rising tide that's supposed to lift all boats? also piss.

Re: Tax cuts for the wealthy only benefit the rich (2023)

#9

Post by smallmancontrov » Fri, Aug 07, 2026, 5:14 PM UTC

manlymuppet wrote: post #6

The thing I don't like about this is that it treats trickle-down economics as if it's something that needs to be debunked. Trickle-down economics has never been a real economic policy, and never been seriously advocated by federal policy-makers. It is an entirely pejorative term created by detractors of supply-side economics. The policies of supply-side economics, however, are much more defensible, but it seems peopl…

You're right, it's not one lie, it's a pack of lies, trotted out every time congress needs to justify another capital gains tax cut or rationalize why the next tax hike needs to target work not wealth.

Re: Tax cuts for the wealthy only benefit the rich (2023)

#10

Post by shadow_it » Fri, Aug 07, 2026, 5:15 PM UTC

manlymuppet wrote: post #6

The thing I don't like about this is that it treats trickle-down economics as if it's something that needs to be debunked. Trickle-down economics has never been a real economic policy, and never been seriously advocated by federal policy-makers. It is an entirely pejorative term created by detractors of supply-side economics. The policies of supply-side economics, however, are much more defensible, but it seems peopl…

this is correct. i suspect many simply do not know this because the straw-man is so pervasive.