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IbogaProject

(4,195 posts)
9. On top of being evil it is also bad economic policy
Thu Mar 27, 2025, 07:51 PM
Mar 27

First changes should be gradual not sudden. Second these cuts will shrink our GDP as the ultra wealthy have very low income multipliers. The wealthy spend very slowly and often within their own ilk much later. This typevof spending directly funds local wages that continue to multiply. I'm progressive, so I want help provided either way. But these moves can and will shrink our entire economy beyond all the negative effects these short sighted moves will bring.

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