Comment

The Tax Code and why 'Fair Tax' is Horribly Unfair

63
Renaissance_Man11/04/2011 2:58:57 pm PDT

re: #52 Buck

Again, the money is spent. The economy is driven by the wealthy spending the money.

Utter rubbish. Trickle down economics has been demonstrably proven to be a complete fraud, as you would know if you paid attention to the fact that as wealth has become more and more concentrated, the economy has slowed. The wealthy invest vastly out of proportion to their spending. That money percolates - it does not keep an economy humming.

What drives an economy are billions of small transactions. Lots of little expenditures, little sales. In other words, what happened in the US in the mid 90s, when there was a middle class tax cut, and the middle and lower classes had spending money to make these little transactions. It is not a coincidence that as more and more people control less and less wealth, the economy slows.