The Trickle Down economic strategy has been tried for thirty years. The results are in;
The IMF report said the way income is distributed matters for growth. “If the income share of the top 20% increases, then GDP growth actually declines over the medium term, suggesting that the benefits do not trickle down. In contrast, an increase in the income share of the bottom 20% is associated with higher GDP growth,” said the report.
The other key is to make sure the funds directed towards the poor don’t come from the middle class, effectively reinforcing the tactic of taxing the rich – though the rich could be corporations instead of individuals.
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