Francis Fukuyama Quote
Cognitive rigidities may also prevent social groups from mobilizing in their own self-interest. In the United States, many working-class voters support candidates promising to lower taxes on the wealthy, despite the fact that this hurts their own economic situations. They do so in the belief that such policies will spur economic growth that will eventually trickle down to them, or else make government deficits self-financing. The theory has proved remarkably tenacious in the face of considerable evidence that it is not true.
Francis Fukuyama
Cognitive rigidities may also prevent social groups from mobilizing in their own self-interest. In the United States, many working-class voters support candidates promising to lower taxes on the wealthy, despite the fact that this hurts their own economic situations. They do so in the belief that such policies will spur economic growth that will eventually trickle down to them, or else make government deficits self-financing. The theory has proved remarkably tenacious in the face of considerable evidence that it is not true.
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