Send to a Friend

bolwerk's avatar

How low do taxes need to be before trickle down begins to work?

Asked by bolwerk (10231 points ) July 23rd, 2012

As you may have heard, the super-rich have squirreled away $21 trillion – described as more than the economy of the USA and Japan combined – in tax havens. Had taxes been higher, some of that might have gone to needed spending or at least paying down the deficit. As it stands now, it’s just sitting in accounts accumulating.

Under the trickle down “theory,” how low will taxes need to be before it starts being spent?

Using Fluther

or

Using Email

Separate multiple emails with commas.
We’ll only use these emails for this message.