The Con of Trickle Down Economics

[Scuba]

http://www.forwardprogressives.com/the-con-of-trickle-down-economics/

The old saying “absolute power corrupts absolutely” in reality means power of any kind often corrupts. With our society placing so much emphasis on money, it has made having money equal having power. Trickle Down Economics puts the health of a nation into the “generous” hands of the rich and powerful.

But you have to ask yourself, who benefits most from this philosophy? Who stands to gain the most by shaping an entire economic ideology around this belief? It doesn’t take rocket science to figure that out–the rich and powerful. Whose power in politics has grown thanks to rulings such as Citizens United, which allows big corporations the freedom to give unheard of sums of money to any political candidate or party? Yup, you guessed it—the rich and powerful.

Nearly all credible information you can find over the last 30+ years shows that middle class pay has remained pretty much stagnant. This fact remains indisputable as the income for the top 2% in this country has skyrocketed, and never more so than in the last decade. Yet even with that indisputable information, you have millions of Americans who accept this economic theory.

...

The rich and powerful have convinced millions to vote against their own interest. Right now, instead of supporting closing loopholes for individuals and big businesses that make millions (or billions), an entire political party has instead focused on cutting programs that mostly help lower and middle class Americans. They’ve screamed “class warfare,” yet have not supported a single deficit reduction solution that includes a sacrifice from the top 1%—even opposing the elimination of a tax break for people who own corporate jets.

[Octafish]

1. I'd like to know why it's still official policy.

Banksters thrive. Middle Class pays. Poor die.

[Overseas]

2. I really hoped Democrats in power after the Bush Crash would change all that.

I am still too naive.

More people now realize Trickle Down has been a failure, but we don't think we have enough power to change things.