US income inequality continues to grow

[Belsnickel]

(08-02-2018, 12:08 AM)treee Wrote: From my understanding, tax cuts for corporations make sense, as long as you're making up for it by taxing the amount the investors make. That way the corporation continues to operate with less hindrance, and we don't remove more income from a government already operating at a deficit. And for that matter, no tax cuts at all make sense, whatsoever, if they increase the annual deficit more than a certain percentage of the GDP (I don't know the exact numbers, just that there are ideal debt:income ratios).

If the economy is doing well, which right now it is, then we should be increasing taxes and decreasing spending. That is Keynesian economics. The problem is that people only like the other half of Keynesian thought which is to decrease taxes and increase spending. That is what we are supposed to be doing in economic downturns. Unfortunately, it is what we have been doing in good and bad. It puts us in a position where the next recession could turn into a depression because we have limited the tools in our toolbox to fight it. We've kept this up thanks to the fallacy of "trickle down" theory, which doesn't work.

But people who don't understand these sorts of things will continue to be fleeced as the ones with money and power pull the strings, laughing all the way to the bank.