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Eating the Rich Is Not a Good Idea

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Criticisms of pro-market policies, such as lower corporate taxes and deregulation, are often rooted in a form of discrimination rarely acknowledged: upward classism. This prejudice against people of higher socio-economic status misrepresents the contributions of ā€œthe richā€ and distorts discussions about public policy. While these policies are castigated as benefiting the wealthy, they have demonstrable benefits for broader economic growth and living standards. For example, research by SuĆ”rez Serrato and Zidarā€”ā€œWho Benefits from State Corporate Tax Cuts?ā€ā€” reveals   that reducing corporate taxes encourages business expansion, resulting in job creation and improved local economies. Similarly, Gordon and Young, in another paper,   emphasize   that efficient tax systems, including lower corporate rates, are essential for sustaining long-term economic growth. Far from being self-serving, pro-market policies are foundational to fostering an environment in which businesses and, ...