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50 years of tax cuts for the rich failed to trickle down, economics study says - CBS News (www.cbsnews.com)

submitted 1 year ago by [email protected] to c/[email protected]

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[–] [email protected] 1 points 1 year ago

Even a lot of European countries don't tax the wealthy as much as they could/should! The public services and infrastructure tend to be funded by a higher tax burden on the lower and middle classes, combined with borrowing (for example, France). And the UK is absolutely terrified that all the rich people would leave if they had to pay their fair share. Given their rentier capitalism contributes virtually nothing to productivity or public services, I think we should call their bluff.