For three decades the Republicans have conducted a massive economic experiment testing a theory called supply-side economics. This theory is better known as trickle-down economics or Reaganomics. The gist of this theory is that cutting tax rates on big businesses and corporations will give them more money to spend on their businesses and the economy, stimulating job growth and demand. After thirty years, the results couldn't be clearer, supply-side economics has nearly bankrupted our economy, caused wages to stagnate on all but the upper tier, and has contributed to the highest unemployment rate since the great depression. I will now attempt to explain to you why this disastrous economic theory didn't work.
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