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Dear congress critter...
I read with alarm how cozy you were with President Trump and his tax plan. I don't know if you remember any of the previous tax cuts to the wealthiest Americans. I do. They got a whole pile of cash and the deficit blew up.
Let me tell you something about 'trickle down' economics: it doesn't. Whatever money that the wealthy and the corporations - what are mostly owned and run by the wealthy - save by having their taxes cut *never* gets reinvested into the economy. It's used to buy back stock, invest in holding companies and spent on large luxury items for themselves. It *never* expands the economy. History has shown time and time again that giving tax breaks to the wealthy does *nothing* to help the economy grow.
It does help the deficit grow. A lot.
Oh, but you're going to give little people like me a tax cut too? I'll tell you what I told George W. Bush, "You can keep your chump change."
Do your research. History has shown again and again that cutting the taxes to the wealthy does not stimulate the economy. Look at Governor Brownback big tax cuts - now his state in mired in debt.
I hope you will study up on the subject - check your economics history - and learn from the past.
Thank you.
I read with alarm how cozy you were with President Trump and his tax plan. I don't know if you remember any of the previous tax cuts to the wealthiest Americans. I do. They got a whole pile of cash and the deficit blew up.
Let me tell you something about 'trickle down' economics: it doesn't. Whatever money that the wealthy and the corporations - what are mostly owned and run by the wealthy - save by having their taxes cut *never* gets reinvested into the economy. It's used to buy back stock, invest in holding companies and spent on large luxury items for themselves. It *never* expands the economy. History has shown time and time again that giving tax breaks to the wealthy does *nothing* to help the economy grow.
It does help the deficit grow. A lot.
Oh, but you're going to give little people like me a tax cut too? I'll tell you what I told George W. Bush, "You can keep your chump change."
Do your research. History has shown again and again that cutting the taxes to the wealthy does not stimulate the economy. Look at Governor Brownback big tax cuts - now his state in mired in debt.
I hope you will study up on the subject - check your economics history - and learn from the past.
Thank you.
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I think you need to reconsider what to call that. Now, we can call it "trump change".
Fully agree with your position. Trickle-on has never worked, but R's love it.