As the now discredited “ Trickle-Down Theory”, also known as the economic policies of “Reaganomics”, “Supply-side Economics” or “Horse and Sparrow Theory” seems condemned to live inside the realm of peoples fantasies as all sane economist fight to keep disassociated with it, it has become an economic hot potato!; we seem to be entering a new era of economic policies. One that may signal a drastic change towards development and sustainability and away from the narrow scope of corporate gains over any other consideration. The fallacy over the discussion centered on lowering taxes for business in hopes to restart growth has been exposed by analysis. The data recollected from the past 50 years convincingly refutes any arguments that cutting taxes for the rich will stimulate the economy or improve the conditions of the middle and lower classes. Tax cuts to the top have no correlation with economic growth rate, income growth rate, hourly wage growth rate, or change in unemployment.
In conclusion; the health of an economic system seems to have no relation with the tax burden of it's corporations, the true consequences of sheltering the elite from taxation and the diversion of public funds to private hands through the delusion of national security and future growth are a constant detriment to social progress, measured by the substandard quality of life experienced by the population at large.
A new generation has spoken... It's time we listen!.
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