Publications and Research
Document Type
Article
Publication Date
9-6-2016
Abstract
Cutting taxes in order to spur economic development
is an idea still making its way around
the political landscape. It doesn’t seem to matter
how many times “trickle down” economics has
been debunked not only by economists, but also
by history, it seems to linger. Yet, this is part of
an ideology that is considered as gospel by many
politicians.
Of course the idea has one superficial appeal
and one superficial appeal only. It promises to
cut taxes, even if the ones who benefit the most
from such policies are the ones who need them
the least.