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Topic | Why did trickle down economics not work? |
Blue_Thunder 03/23/24 11:21:34 AM #24: | robbobmur posted...
Right , they don't or can't use funds for wealth creation. After taking a fraction of the wealth of the richest the money should be invested in public services in a way such that normal people have a better QoL and more money to spend and invest. https://neweconomics.org/2019/05/investment-in-public-services-is-an-investment-in-social-infrastructure public services have been found to reduce income inequality by an average of 20% https://www.researchgate.net/publication/329051565_State_government_public_goods_spending_and_citizens'_quality_of_life Moreover, the statistical relationship between public goods spending and happiness is substantively large and invariant across income, education, gender, and race/ethnicity lines indicating that spending has broad benefits across society. These findings suggest that public goods spending can have important implications for the well-being of Americans and, more broadly, contribute to the growing literature on how government policy decisions concretely impact the quality of life that citizens experience. Additionally, there should be more public education about managing money in general. It is among the practical skills that are largely neglected by schools. --- Resident Synthwave enjoyer. Music: https://www.youtube.com/playlist?list=PLv4cNOBY2eCInbxg6B-KRks6vKMfmFvtp ... Copied to Clipboard! |
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