"Trickle Down Theory" and "Tax Cuts for the Rich"

Overview

This essay unscrambles gross misconceptions that have made rational debates about tax policies virtually impossible for decades.

Author Biography

Thomas Sowell is the Rose and Milton Friedman Senior Fellow on Public Policy at the Hoover Institution, Stanford University. Among his published works are Basic Economics, Late Talking Children, and Race and Culture. He has also published in both academic journals and the popular media including Newsweek, Forbes, the Wall Street Journal, and 150 newspapers that carry his nationally syndicated column.