August 20, 2020

Should monetary policies be changed ?

1. Trickle down economics has failed.

2. Monetary authorities largesse/rate supression has expanded the wealth inequality and gap.

3, The wealthy have benefited from a steady reduction in the marginal tax rate from 90% to where it is today.

4. The wealthy have benefited from carried interest, preferred real estate exchanges as well as other substantive tax loopholes that the Average Joe has not been the recipient.