Disney Heiress says Trickle Down economy works for her but only on the 1% people

[blank_stare]

https://www.youtube.com/watch?v=WH1NihRN5cU&feature=share

[Riserise]

Explaining it so well in less than 5 minutes.

Everyone should watch this.

[Gifted]

I bought another mansion thanks to trump.

[godblessdelulu]

spot on

[JihyoStoleMyHeartAYAYAY]

Explaining it so well in less than 5 minutes.

Everyone should watch this.

[Solfa]

The core of trickle-down economics started from the observation that when big companies have their taxes increased, they tend to fire more people and lower employee wages, or just move into overseas tax havens, so when you do the opposite, i.e. give them a tax cut, then they will increase employment and wages. 

 

This is the fallacy with the logic, just because one really does happen (that when companies get a tax raise they do terminate more people and lower wages, or move overseas) it doesn't mean they bring things to normal rates when the opposite happens too. Sure, some do it, and good for them for taking care of their employees, but this isn't common, because nothing obligates them to do it. 

 

High taxes on companies really do harm employees the most, but lowering taxes just doesn't do jack shit. There isn't a simple solution to this. 

[Riserise]

I looked her up and she does a lot of activism and donated a lot of money.