Resumen de Defying gravity
Ha-Joon opines on tax breaks for the wealthy that were meant to trickle down through society and boost everyone. Advocates of trickle-down economics argue that, when the rich get extra income, they invest it and create more jobs--and a higher income--for others. Those people, in turn, spend theft extra money. Eventually the effect trickles down the whole system, making everyone better off, in absolute terms. So, what seems like a moral outrage--giving more to people who already have more--is in theory a socially benign action. The trouble is it hasn't worked. In the past three decades, states with pro-rich policies have seen economic growth slow, except in countries, like China and Vietnam that needed to jump-start socialist economies.
