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trickle-down economics was an idiotic idea. How do we fix the inequality it causes?

  • Written by Carl Rhodes, Professor of Organization Studies, University of Technology Sydney
trickle-down economics was an idiotic idea. How do we fix the inequality it causes?Maslowski Marcin/Shutterstock

In his 2024 State of the Union address, US president Joe Biden announced his plans for a bold set of tax reforms. Tax on corporations would go up. Deductions for high-income earners would come down. Tax breaks on corporate jets would take a hit. Low-income taxpayers would benefit, as would middle-income house buyers.

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