50 years of tax cuts for the rich failed to trickle down, economics study says

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50 years of tax cuts for the rich failed to trickle down, economics study says

☆ Yσɠƚԋσʂ ☆@lemmygrad.ml to Socialism@lemmygrad.ml • 3 years ago

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cross-posted to:
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Tax cuts for the wealthy didn't boost the economies of the U.S. and 17 other countries — but they did worsen income inequality.

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#Welcome to /c/socialism

Socialism as a political system is defined by democratic and social control of the means of production by the workers for the good of the community rather than capitalist profit, based fundamentally on the abolition of private property relations.

Socialism is also a sociopolitical movement dedicated to the critique and dismantling of exploitative structures, including economic, gendered, ethnic oppression.

Socialism, as a movement, confronts these different systems of oppression as mutually conditioning, intersectional, and/or dialectically related within the current hegemonic order. It seeks to overcome oppression in a holistic manner without neglecting any particular axis so that it might be eliminated and genuine social emancipation may be realized. We recognize that Socialism cannot be achieved while structural oppression continues and workers are divided.

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Are you new to socialist ideas? Wondering what alternatives to capitalism exist? Please check out our educational materials and wiki further down in this sidebar.

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