Where Is The Economic Recovery?

Why is it that large corporations have posted record breaking profits yet, for the average citizen, the economy is at a stand-still? The Republicans keep trying to eliminate any taxes on the wealthy and big corporations because 'trickle down' economics are just, supposedly, a win-win for all of us. There have been no changes to the corporate tax code so, shouldn't 'trickle down' economics be at play here?

There is one VERY BIG reason why the majority are still struggling to financially survive in 2015, almost 7 yrs. since the financial collapse referred to by many as the 'Great Recession'. Corporations no longer share their profits with workers. "Back in the 1980’s", quoting from research from Econ professor William Lazonick at UMass Lowell, “large corporations dedicated less than half of their corporate earnings to shareholders. The rest went to invest in their equipment and their employees. But from 2003 to 2012 those big companies dedicated 91% of their earnings to their shareholders.”

I guess one could say that 'trickle down' economics works very well if you are lucky enough not to need it.

#business #taxes #profit #trickledown