Reverse Robin Hood

A study from the Yale’s Budget Lab provides an answer to this question. It found that the Senate bill—which was not far off from the final version of the legislation that passed—would decrease the financial resources of households in the bottom twenty per cent of the income distribution by about seven hundred dollars a year and increase the resources of households in the top 0.1 per cent by more than a hundred thousand dollars annually. As I pointed out a few weeks ago, the bill is a reverse-Robin Hood mechanism.

– “The Economic Consequences Of The Big Odious Bill,” The New Yorker