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RE: How tax breaks help the rich !!!

in #tax7 years ago

Definitely. About 37 years ago, Reagan came on the scene proclaiming that everyone would benefit from "trickle-down economics" (aka Voodoo economics), and that it was morning in America.

Now, it's clear that it truly is voodoo economics, and that it never worked. While some benefited at first from the trickle, it was mostly those nearer to the top of the heap (the 1%), and it was temporary at best.

Today, we've got an economy where the rich have become richer, the poor have become poorer, and it's just getting worse and worse.

Of course, the rich will always have plenty of food and big homes and comfortable lives – even if they lose much of their wealth and income. The poor, on the other hand, will suffer.

Hopefully, change will come.

Thanks for the great post. You and I have some similar interests / posts (photography, the wealth gap, etc). Here's a link to one of my posts in my Chaos Monitaur series. Hope you find it interesting.

https://steemit.com/money/@majes.tytyty/cm-20-wealth-disparity-will-end-in-revolution-taxes-or-war-paul-tudor-jones-chaos-monitaur

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