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Robert ReichonBluesky22h ago
Look at this chart.
Tax cuts for the rich are a policy choice. Cutting the social safety net in exchange for them is a policy choice.
States like New York have an opportunity to help undo this trickle down nonsense by raising taxes on the rich (who will still be rich).
I hope Gov. Hochul does.
Trust Metrics
72
62
55
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Accuracy72%
Framing62%
Context55%
Tone50%
Analysis Summary
Reich is arguing that tax cuts for the wealthy combined with social safety net cuts are deliberate policy choices, and that states should counter this by raising taxes on high earners. The underlying claim that trickle-down tax cuts haven't delivered promised economic benefits is supported by mainstream economic research, though the characterization as "nonsense" reflects his political perspective. What's missing: he doesn't address the tradeoff states face when wealthy individuals and businesses can relocate to lower-tax jurisdictions, which limits revenue gains from state-level tax increases regardless of policy intent.
Claims Analysis (3)
“Tax cuts for the rich are a policy choice. Cutting the social safety net in exchange for them is a policy choice.”
Both tax policy and spending priorities are discretionary policy choices. The causal link between cuts and social safety net reductions is contestable but documented in policy analysis.
“Trickle-down economics doesn't work”
Broad economic consensus shows trickle-down tax cuts have not consistently delivered promised growth or wage increases. This reflects mainstream economic analysis, though some conservatives dispute the framing.
“States like New York have an opportunity to raise taxes on the rich without making them not rich”
Factually sound premise — progressive taxation exists — but the specific policy recommendation and its consequences are subjective political judgment.
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