gbw: wrong on both counts. Or all three counts. The Bush tax cuts did not increase government revenues. And it has been decisively shown that “trickle down” never does – it consolidates money in the hands of the richest, and increases the gap between rich and poor. In Reagan’s day, the top 1% owned 9% of America’s wealth. In 2007, it owned 22%. Thanks to Reagan and Bush tax cuts.
gbw: wrong on both counts. Or all three counts. The Bush tax cuts did not increase government revenues. And it has been decisively shown that “trickle down” never does – it consolidates money in the hands of the richest, and increases the gap between rich and poor. In Reagan’s day, the top 1% owned 9% of America’s wealth. In 2007, it owned 22%. Thanks to Reagan and Bush tax cuts.