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

2nd May, 2021
Aidan Regan: Biden’s move against the global rich puts Ireland in a moral dilemma
US president Joe Biden: unapologetically advancing a new left-of-centre economic agenda

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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