| > In that context, I am not sure I understand the point about "wealthy people [don't] comprise a majority of relevant party representatives' aggregate constituency". It is quite simple. "Around two-thirds of registered voters in the U.S. (65%) do not have a college degree", with relevant numbers for Democrats plus Democrat-leaning voters and Republicans plus Republican-leaning voters being 59% and 70%, correspondingly [1]. For simplicity, let's use education, which, as we know, has a direct correlation with net worth, as a proxy for wealth. Thus, as I've argued earlier, the aggregate constituency of congressional representatives largely consists of non-wealthy people. Therefore, by reducing taxes on businesses (especially big businesses, which are mostly owned by wealthy, including the "top 1%") and high-income people, the post-2016 tax reform disproportionately benefited a very small segment of said constituency ("socialism for the rich and capitalism for the poor" [2]). > So... what does trickle down have to do with anything? Trickle-down economics is directly related to taxes, as it is based on the notion that "taxes on businesses and the wealthy in society should be reduced as a means to stimulate business investment in the short term and benefit society at large in the long term" [3]. And your example was referring to post-2016 tax reform. Hence the connection that I have mentioned. [1] https://www.pewresearch.org/fact-tank/2020/10/26/what-the-20... [2] https://en.wikipedia.org/wiki/Socialism_for_the_rich_and_cap... [3] https://en.wikipedia.org/wiki/Trickle-down_economics |