Trump continues to propose ideas that line his own pockets leaving the ordinary citizen out in the cold.
Local Taxes: Local tax incentives would probably fail when ordinary citizens realize they can no longer deduct these assessments. [1]
Wages: Line workers would never see pay raises. Tax breaks for the wealthy and corporations mean that executive bonuses will increase, shareholder dividends will increase and the corporation’s bank accounts will become even more inflated. History has proven that the money for these wealthy tax incentives do not “trickle down” to the ordinary worker. [2][3][4]
References:
- The Washington Post, November 17, 2017, Renae Merle, Peter Jamison – In towns and cities nationwide, fears of trickle-down effects of federal tax legislation
- Investopedia – Trickle-Down Theory
- The Balance, April 29, 2017, Kimberly Amadeo – Why Trickle Down Economic Works in Theory But Not in Fact – Does Trickle-Down Economics Work?
- Wikipedia – Trickle-down economics
