That’s not really how trickle-down works. Wealth doesn’t trickle down. Loss of wealth does. Corporations pay more taxes and that raises their cost of doing business, which lowers wages, raises prices and reduces reinvestment in the business infrastructure.
There is actually a sweet spot for taxation at any level, where the benefits of taxation can be greater than the harm done by taxation. It is the same for all government spending, naturally, where spending too much does more harm than good, and spending too little reduces the benefits of socialized funding more than it increases private sector health.
I’m going with the selfish lover theory of economics, which states that people just want what they want and don’t really care that much about how it affects anything else or whether there is any benefit beyond their own satisfaction.
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That’s not really how trickle-down works. Wealth doesn’t trickle down. Loss of wealth does. Corporations pay more taxes and that raises their cost of doing business, which lowers wages, raises prices and reduces reinvestment in the business infrastructure.
There is actually a sweet spot for taxation at any level, where the benefits of taxation can be greater than the harm done by taxation. It is the same for all government spending, naturally, where spending too much does more harm than good, and spending too little reduces the benefits of socialized funding more than it increases private sector health.
I’m going with the selfish lover theory of economics, which states that people just want what they want and don’t really care that much about how it affects anything else or whether there is any benefit beyond their own satisfaction.