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by kjackson2012
4498 days ago
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Based on every single piece of study, this is categorically false. The only people that have benefited, most recently since the credit crisis, was the rich. That means that the "rising tide" barely lifts poor peoples' boats, while it raises rich people's boats significantly. If that were the case, then do you still think that trickle down economics is worthwhile? Or is there a more efficient allocation scheme where poor people benefit just as much as rich people? |
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Unfortunately, historically, all the evidence supports the 'rising tide lifts all boats' argument. While growth 'at the bottom' has slowed compared to the top, it's still growing. There are plenty of theories for why this is the case, but the data is is there.