A short, very short (there are only 13 pages of text), discourse on "trickle down" and "tax cuts for the rich." Sowell deftly and ably explains that this is a caricature and a false one at that. First, the theory isn't that the money saved by lower tax rates on the wealthy somehow trickles down to the middle and lower classes, but that lower tax rates change people's actions, which leads to new, created jobs for the middle and lower classes. To use the pie analogy, some of the rich guy's pie isn't given to the poor, but a new larger pie means that more poor people get their own piece of the pie. Second, "tax cuts for the rich" is always a political misnomer meant for class warfare. The tax cuts are for everybody (and the benefits are for everybody), but they are lied about. I was shocked to read the examples from US history textbooks Sowell gave on pages 10-11 concerning Mellon's tax cuts in the 1920s. One says Mellon left tax rates on the lower class untouched but cut taxes for the rich (p. 10), which is wholly false! Another says Mellon opposed lowering taxes for the middle and lower classes, (p. 11) which is a wholesale lie! Mellon (and Harding and Coolidge) lowered ALL tax rates for ALL brackets. By the end of the 1920s, the "rich" paid a greater share of the taxes than they ever had before (p. 10) and whole classes of "the poor" paid no income tax at all. But, liberals never let the facts get in the way of their quest for power. This booklet is a bit pricey at $5.00, but it is informative. It's an amuse-bouche for those who haven't read any Thomas Sowell. He deals with topics like this at greater length in some of his other books. Of course, you want this to be longer. ( )