link to original reddit post by /u/ATR2400
Who here hasn’t heard of trickle down economics? The left and further left socialists love to crack jokes about it and use it as an example of why capitalism has failed. Wealth might not trickle down but you know what does? Taxes.
We’ve heard it all before. A politician like Bernie or Yang says that they’ll fund their huge and expensive social programs exclusively by taxing “the rich”. Or maybe people just want to tax the rich more to deal with the currently non-issue of inequality or to make the rich pay their “fair share”. No matter their intentions one thing is always consistent. They beg and plead for us to support their plans promising that raise taxes on the rich and lower them for us unfortunate middle class folks. It never actually happens of course. At best our taxes just stop increasing for a while but they never go down.
The taxes that are only for the rich inevitably trickle down to the middle class no matter how much the people implementing the taxes promise they won’t. Soon the threshold for what the government considers rich gradually decreases until it consumes everyone. It goes from 100 million, to 10 million, to 1 million, to 500,000 to 100,000, to 50,000 and so on and so on. Taxes intended to only target the rich never stay isolated to the rich for long. Such a thing is just as constant and predictable as the sun coming up in the morning.
And when these plans eventually fail they beg us to support more taxes, bringing back their fair share arguments and claiming the rich aren’t paying their taxes(even if they totally are. The rich fund an extremely significant chunk of the welfare state and pay millions and billions in taxes).
Trickle down economics may be more iffy but trickle down taxation is very real.