Showing posts with label world inequality report. Show all posts
Showing posts with label world inequality report. Show all posts

Monday, June 15, 2020

Why Conservative Economic Policy is the Root of our Economic Troubles

The core principles of conservative economic policy (aka neoliberalism):
  1. Reduce taxes for the rich in the hope that they will invest and create jobs. WRONG: This policy has negative results in the age of automation, offshoring and financial tricks. Employees' wages cut into profits and the employers want to keep them low or non-existent. This only WIDENS the gap between rich and poor and reduces money available to the government to make needed infrastructure improvements, for education, healthcare, social support services, etc.