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#ericbeinhocker — Public Fediverse posts

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  1. "Jared Bernstein ... summarised the evidence against trickle-down economics in a presentation to the joint economic committee of Congress several years ago.

    ... if the trickle-down theory was correct, we would expect to see that, when tax rates go down, growth goes up and vice versa. But using data stretching from 1947 to 2015, Bernstein showed in no case was that true."

    #EricBeinhocker, #NickHanauer, 2022

    theguardian.com/politics/2022/

    (2/?)

    #JaredBernstein #TrickleDown #corporatism