Quote Originally Posted by bsnub
The republicans serve the rich oligarchs in the US. They have been perpetuating lies about the economy for decades. They have convinced many that "trickle down" economics actually works. The idea that you cut taxes for the rich and they supposedly will create jobs (they don't). They use talking points like "job creators" to convince people that this would be in their own best interest. Since Reagan first cut taxes on the rich we have witnessed the largest transfer of wealth in human history from the American middle and working class to the 1%.
Trickle down economics was copied by the likes of Margaret Thatcher and others. It has been proven time and time again around the world that it doesn't work yet it is still practiced in many places. A failed policy followed by governments unduly influenced by powerful companies controlled by the rich.
In Oz the current govt has just given companies a 50 billion tax cut. Somehow this is supposed to stimulate job growth and the economy. Of course the owners would never think of taking this govt"gift" as profit, depositing it either in a swiss bank account or an off shore tax haven.