The only one that has problem with free trade is you. For whatever reason, you prefer isolationism and Smoot Hawley style tariffs.
Second time I'll ask. What economists do you follow or subscribe to, have the same economic vision as you? I'm all for seeing the other side of things so what's the holdup? I'd prefer not to take some random guy from WV as an economic bellwether.
Just like you wouldn't prefer this random guy from the Chicago suburbs on immigration or my thoughts about DEI.
No, nitwit. We got here, again, because trade alone is not the cause of inequality. GOP policies do not alleviate it rather they enable it. 'Fault' is that of the enabler and not the Party than tries to mitigate unintended economic consequences, like GOP recessions.
You will find nothing credible that will contradict any of that.
Based on recent economic research, trickle-down policies—defined as cutting taxes for corporations and the wealthy to stimulate growth—are strongly linked to rising income inequality without providing significant economic benefits. While free trade also poses risks to income equality (particularly in specific sectors), evidence suggests that the deliberate, 40-year experiment with trickle-down policies has been a primary driver of the widening gap between the rich and the rest of society.
Here is a breakdown of the evidence regarding trickle-down economics and its impact on inequality:
1. Evidence of Inequality from Trickle-Down Policies
Studies indicate that trickle-down policies, such as tax cuts for the wealthy, lead to increased income inequality without significantly boosting economic growth or employment. Research from the RAND Corporation suggests these policies in the US have resulted in a substantial transfer of wealth from lower and middle-income earners to the top 1%. The International Monetary Fund (IMF) has reported that raising the income share of the poor and middle class is more effective for economic growth than increasing the income share of the wealthiest 20%. Additionally, tax breaks for the rich may inflate asset prices, contributing to wealth inequality, particularly for younger generations.
2. Trickle-Down vs. Free Trade
While free trade is often associated with income inequality due to job displacement in manufacturing, trickle-down economics is considered a more systemic cause of broad economic inequality through its impact on tax policy, deregulation, and labor markets. Free trade has been criticized for potentially lowering wages and labor standards, though its proponents highlight benefits like reduced consumer prices and global poverty reduction. In contrast, research consistently shows limited positive effects of tax cuts for the wealthy on employment or GDP growth in developed countries.
3. Conclusion on Inequality
Economic research suggests that "trickle-down" policies have contributed to stagnant wages, reduced corporate taxes, and increased inequality. Studies from institutions like the LSE and the IMF suggest that concentrating income at the top disproportionately benefits a small minority rather than broadly improving economic conditions for the majority.
Destructive to your presentations. Destructive to you. Being so tilted leaves you stilted, stultified and stiff.
Free trade has raised millions from poverty worldwide, trickle down has acted negatively against that positive. You are a seriously stuck and deluded conservative ideologue.
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