alt Hacker NewsI'm not taking a test (feel free to answer yourself) but my view is that it's the same old talking point: Help the wealthy, and the Nth order effects will benefit others. The only thing these policies deliver on reliably is the 1st order effect - helping the wealthy.
(I think that's a good way to analyse any policy - the 1st order effects are the ones you can count on; the Nth order effects are just BS that magically costs nothing, but gets others to go along - 'the people will pay for this stadium for my privately owned franchise (1st order) and it will bring business to the community (2nd order).' That's repeated over and over, and the 2nd order effect is well known to not happen, but it sometimes gets enough votes from those uneducated in the issue.)
I think in the 1980s the Reagan administration called it 'trickle-down economics', such an incredibly revealing name!
Okay, but you didn't refute the line of reasoning. You called it "the same old talking point" and then jumped to the conclusion that "the only thing these policies deliver on reliably is the 1st order effect - helping the wealthy." But you didn't show that your claim was true. Or that the claim you were responding to was false.
Can you offer a substantive argument that getting the wealthy to invest their wealth instead of spending it on themselves is a policy that benefits only the wealthy and makes life worse for everyone else?