Cut Taxes for the Wealthy or the Middle and Lower Classes?

Robert H. Frank in The New York Times in April 2007 reported that “for a sample of 65 industrial nations, the economists Alberto Alesina and Dani Rodrick found lower growth rates in countries where higher shares of national income went to the top 5 percent and the top 20 percent of earners. In contrast, larger shares for poor and middle-income groups were associated with higher growth rates.”

To read Mr. Frank’s entire article, click on In the Real World of Work and Wages, Trickle-Down Theories Don’t Hold Up.