Economic Theory

Once they called it “voodoo economics” – saying tax cuts for the rich pay for themselves. It didn’t work in the 1980s.

Then Governor Sam Brownback tried it in his state, calling it the “Great Kansas Experiment”, and it didn’t work. Ask any Kansan how they economy fared compared to other states which didn’t cut taxes during the recession. Kansas’ recovery was slower than their neighbors.

Now they call it “trickle down economics”, and thanks to Congress, the country is about to try it again.

I’ve constantly said about this type of tax policy “don’t piss on my head and tell me it’s raining”, but here is a visual representation of the ‘trickle down economics’ policy:

Courtesy: Twitter user Lance Ulanoff

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