Re: Trickledown economics
@jmch
"Cars, mobiles etc don't become affordable because rich individuals bought the first few thousand."
Of course it is. Mass production brings the price down but why mass produce something you cant even sell to those with money to spend? And of course the glorious upgrades are tried out at the expensive end before the masses. Look at automated driving systems currently.
"All of which can arise from tax incentives to companies, not to individuals."
We can do that too! Good idea. Its all people who pay the bill anyway.
"If tax rates are high, as in the 70s and 80s, lowering them for all, including rich individuals made some sense {ie in Reagans time). Now, not so much."
Why? I am of the opinion some can probably fall and some can probably rise and there is no science to tell us the exact numbers but we know the laffer curve is real and have to adjust according to that. I wouldnt be surprised if they need regular adjustment to be optimal. But the benefits of the money in the economy vs is the governments pocket are pretty well known.
Biting the hand that feeds IT
