Why do liberals oppose trickle down economics?

Question

Don't they realize it makes good economic sense? If billionaires get tax cuts then it means they have more money to make jobs and to spend buying things which means more people can be employed and that the economy grows. Taxing the rich like liberals want to do leads to loss of jobs and outsourcing. Since they create jobs for us and buy stuff that goes into the salaries of people that work for companies it trickles down for us. Of course this only works if you give tax cuts and money to the rich, if you give it to the poor they will just abuse it and become entitled on welfare.

Maga Myers · Accepted Answer

You did good until here: "Of course this only works if you give tax cuts and money to the rich, if you give it to the poor they will just abuse it and become entitled on welfare."

That gave you away as a troll.

The government doesn't give the rich or poor money, unless it is welfare. They allow them to keep more of what they earned. In other words, it is already their money that wasn't confiscated.

Kherova · Answer

Rich people hold on to their money more than less wealthy.  It doesn't trickle, it just gets siphoned off into holding pens for the wealthy to dip their toes into.

Anonymous · Answer

Gee, it's NEVER worked that way. Why would anyone expect it to now?

Anonymous · Answer

What I support is allowing businesses to run cheaply, through government tax cuts, separately to rich people, who do not need more than a hundred million to survive, ever. At any one time if one person has more than a hundred million dollars, they should be shot, because they could feed a million starving children in Africa for a year. Not their meat, but you know, give that to the New Guinea tribesmen.

SMH Corp · Answer

It has been proven in every attempted implementation of it that it is a complete and utter failure. You'd have to be a complete idiot to think trickle-down works. Be smarter.

the peacemakers · Answer

It caused the Republicans to run right over the American tax payer for the benefit of the rich. Reagan gave blacks crack and the rich billions. Not bad for a dead man. Not good either.

hamel5 · Answer

You have to be a troll.

Anonymous · Answer

Cause it's bs where wealth trickles to the top in reality

Anonymous · Answer

Liberals oppose anything that benefits the working class American Family

Why do liberals oppose trickle down economics?

9 Answers