Sure but again you are talking about the wrong kind of wealth owners here. You are talking about the few. It's the many little wealth owners that are important.
This is why it's so much better for an economy with a huge middle class because that provides a lot of economic activity.
In other words.
Trickle down obviously doesn't work when we are talking about the 0.1% however it does work when we are talking the next 19.9% and it does work when we are talking the next 40%.
Not all wealth is the same. Passive wealth is of course not creating any value for society because it's passive. But active wealth is and so the trickle down economics does work just not all the way up.
This is why it's so much better for an economy with a huge middle class because that provides a lot of economic activity.
In other words.
Trickle down obviously doesn't work when we are talking about the 0.1% however it does work when we are talking the next 19.9% and it does work when we are talking the next 40%.
Not all wealth is the same. Passive wealth is of course not creating any value for society because it's passive. But active wealth is and so the trickle down economics does work just not all the way up.