The 500 wealthiest People held a networth of 5.9 trillion dollars, collectively up by 1.2 trillion over this year alone. In other words the wealth of the richest grew simply because of Trump's tax policy. The rich here got richer while the middle class wages have largely stagnated for decades. This should be proof enough that trickle down economics is a hoax. It is certainly not right for tax policy to enrich people. This a a great example of Republican Socialism.

Trickle down economics is a fantasy. Here we learn that the founder of google is skipping on his charitable donations which is required by law. We learn that the Larry Page foundation finds accounting gimmicks to pretend they are giving to charity while they park their money. We need structural change to fix our economy and our society.

In the current American system, recovery is only for those with a stock portfolio, American middle class who live on salaries and savings have little chance of realizing the American dream. Trump was elected because people were angry and he has made the problem worse.

Trickle down economics which was the theory behind Regan, Bush and trump tax cuts and initially started as a Joke by Will Rogers in response to Herbert Hoover policies in the 1920's in response to depression era policies is rejected by IMF. They show that income distribution matters to growth and if we want growth we need to concentrate on empowering the lower 20%.