[olliej]

That and of course every implementation of austerity seems to do long term damage to the economy of countries that apply it. I recall a few articles even saying that the maths that supported austerity was the result of a spreadsheet error, though whether that’s true I don’t know.

What we do know is that tax cuts for businesses and high earners has never demonstrated any gains for the majority of citizens but has resulted in increasing disparity and reduction in the rate at which people can move up the economic ladder.

It remains weird to me that there’s an entire cohort of people who look back with yearning to the 50s-70s where that tax rates were reasonable, but then aggressively complain about any attempt to move even slightly in the direction of restoring those tax rates.

Instead we get “we will fix the economy with austerity” in which we reduce the taxes for people and companies with no cash problems, but drastically increase the costs for everyone else. If need be we will also use the taxes paid by the group that isn’t getting tax cuts to bank roll the people getting tax cuts.