A better image than a rising tide and boats
A while ago I thought of a way to illustrate the difference between injecting money into an economy at the bottom and at the top.
Look at the photo. Injecting money at the top – as with tax breaks for the wealthy – is like picking up the hook and slowly raising it. The little basket moves up, the others remain flat.
Now lift it from the bottom. Everything rises. That’s what happens if we increase poor, working class and middle class incomes. But the top also rises because more purchasing power in the customer base means more profits.
This is how we should work, with the wealthy earning their money from business rather than from taxes.
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