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|Mon, 02-15-2010 - 10:39am|
An economic theory which holds that reducing tax rates, especially for businesses and wealthy individuals, stimulates savings and investment for the benefit of everyone. also called trickle-down economics.
Proponents believe that reducing tax rates increases labor, since people have more incentive to work and more places to work since investment also increases.
Opponents believe that reducing tax rates increases the wealth of the businesses and wealthy individuals at a disproportionate rate to increasing the wealth of the middle class and the poor.
What do you believe?