An argument for reducing government controls. This essay is an edited excerpt; the original was presented in 1963 at Swarthmore College, as part of a dialogue with Paul A. Samuelson of MIT.
Author: George J. Stigler | Source: Chicago Booth | Subjects: Economics | Economy, Life & Society, Politics & Public Policy
Trickle-down economics suggests that tax cuts for wealthy citizens energize ailing economies, as recipients of the cuts use their windfalls to hire workers. And conventional wisdom among policy makers and economists contends that the main beneficiaries of corporate tax breaks are workers, who see wages increase.
But some research suggests that if you want to create jobs, it’s better to cut taxes for the bottom 90 … [ Read more ]
Authors: Juan Carlos Suárez Serrato, Owen Zidar | Source: Chicago Booth (August 30, 2016) | Subjects: Economics | Economy, Politics & Public Policy