Two foundational myths of Corporate America were dispelled during COVID in 2020. The first is that Trickle Down Economics --- tax breaks to the rich --- do not work. In a landmark, 50 year global study by London School of Economics and King's College of London, it was found that tax cuts for the rich perpetuated inequality, while simultaneously increasing the wealth of the 1%, without having any significant effect on jobs or growth. Nothing trickled down. Here is how the report, entitled
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