Trickle-down economics really does work

Published December 21, 2017 3:59pm ET



Now that the plutocrats have bought enough politicians to get their tax bill passed, it’s worth pondering for a moment whether it’s all going to be worth it. There are definitely good things in there, reductions in the mortgage and state and local tax deductions, plus a doubling of the standard deduction.

That’s not, though, what people are generally whining about. Rather, the complaints are that we’re being subjected to trickle-down economics, something that doesn’t work.

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