Aidan Regan: Biden’s move against the global rich puts Ireland in a moral dilemma
This country risks making a fool of itself by using moral reasoning and principles of fairness to advance its own economic interests
In his first speech to Congress, US president Joe Biden rightly declared that “trickle-down economics never worked”, and that it is “time to grow the economy from the bottom and middle out”.
The idea of trickle-down economics is that by making the rich richer, they will be incentivised to invest in the economy and society such that a rising tide lifts all boats. In reality, the outcome is a flood of...
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