How does trickle down economics/tax cuts give the Rich/Wealthy more incentive to hire and or work harder or c?

Un: How does trickle down economics/tax cuts give the Rich/Wealthy more incentive to hire and or work harder or c?
How does trickle down economics/tax cuts give the Rich/Wealthy more incentive to hire and or work harder or create jobs ?

Answers and Views:

Answer by homeofelvis
It really does not it you look at the upper tax rate for the last 60 years vs Gross Domestic Product the economy has fluctuated up and down and tax rates have for the most part steadily declined. Calls for lower taxes on the wealthy seem to be another way of saying I want to keep my money, let everyone else pay the bills. Tax rates now are not at their lowest ever but they are close, that said if trickle down economics works why does the economy struggle now?

Answer by Mike
The higher the taxes, the more money that is placed in tax shelters that doesn’t benefit economic growth. Lower taxes rates encourage more investment and brings more money out of hiding. If we taxed a corporation at 50% in the U.S. and Canada had a 10% corporate tax rate, where do you think the money and the jobs will flow to? Tax a rich man at 75% in the U.S. and 20% in another country, where will the rich man go. The answer is simple. It is foolish to think you can corner a rich person and make them pay high taxes, they will move their money before that happens. They move their money and our economy suffers even more.