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Donald Trump argued that lower taxes on millionaires and billionaires, paid for by cutting income-support programs like Social Security and Medicare, will increase economic growth.
Donald Trump argued that lower taxes on millionaires and billionaires, paid for by cutting income-support programs like Social Security and Medicare, will increase economic growth. Some call this "reverse Robin Hood" economic policy, where income is redistributed from middle-income families to high-income families. Circle the answer below that best assesses Trump's claim. Group of answer choices This is false because middle-income groups have a lower marginal propensity to consume and therefore will spend less, which will outweigh the increased spending by the high-income group This is false because middle-income groups have a higher marginal propensity to consume and therefore will spend more, which will outweigh the increased spending by the high-income group This is true because high-income groups have a higher marginal propensity to consume and therefore will spend more, which will outweigh the decreased spending by the middle-income group This is true because high-income groups have a higher average propensity to consume and therefore will spend more, which will outweigh the decreased spending by the middle-income group
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