When Tax Cuts Failed

[Quixote1818]

[PaulX2]

1. Ok

[pansypoo53219]

2. the economy did not NEED a tax cut. its for a recession.

[BigmanPigman]

3. The Gov started off by saying this was a grand "experiment".

When will they realize that their experiment failed? How much longer will it take and to what extent will the damage be?

[Fortinbras Armstrong]

4. Pope Francis wrote about "trickle down"

In his Evangelii Gaudium, section 54

some people continue to defend trickle-down theories which assume that economic growth, encouraged by a free market, will inevitably succeed in bringing about greater justice and inclusiveness in the world. This opinion, which has never been confirmed by the facts, expresses a crude and naïve trust in the goodness of those wielding economic power and in the sacralized workings of the prevailing economic system. Meanwhile, the excluded are still waiting. To sustain a lifestyle which excludes others, or to sustain enthusiasm for that selfish ideal, a globalization of indifference has developed. Almost without being aware of it, we end up being incapable of feeling compassion at the outcry of the poor, weeping for other people’s pain, and feeling a need to help them, as though all this were someone else’s responsibility and not our own. The culture of prosperity deadens us; we are thrilled if the market offers us something new to purchase. In the meantime all those lives stunted for lack of opportunity seem a mere spectacle; they fail to move us.