Lee Says Tax Reform Is Not Trickle Down, It's Trickle Up

The video discusses the impact of a tax reform bill on investment incentives, highlighting a shift from debt to equity financing. It explores how capital structure influences investment decisions and the role of equity in driving productivity. Despite technological advancements, productivity remains low due to poor investment quality. The discussion also covers the distribution of economic gains, emphasizing the need for real productivity improvements to benefit the workforce. The concept of trickle-up economics is introduced, advocating for investments that enhance productivity and economic growth.

Why is it important for firms to invest in technology rather than incremental old-style investments?

What role do equity owners play in influencing managers' investment decisions?