middle class everyone (includiing those with the money to invest) is worse off. The wealthy have a bigger piece of the pie but it's a smaller pie. If the middle class have more money to spend businesses sell more, make more money, grow and those with money to invest, if they pick the right companies, do better than they would have in the case of the middle class with too much of the tax burden resulting in less spending by that group (the largest segment of the population).
You see, being smart pays off better than being a sucker.
In the Bush administration Republicans got about everything they wanted, tax cuts going mostly to the wealthiest brackets and deregulation. The result was the worst decade for the economy in 7 decades, culminating in the
TRICKLE DOWN - DEREGULATION DISASTER.
http://www.washingtonpost.com/wp-dyn/content/article/2010/01/01/AR2010010101196.html">Aughts were a lost decade for U.S. economy, workers
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The past decade was the worst for the U.S. economy in modern times, a sharp reversal from a long period of prosperity that is leading economists and policymakers to fundamentally rethink the underpinnings of the nation's growth.
It was, according to a wide range of data, a lost decade for American workers. The decade began in a moment of triumphalism -- there was a current of thought among economists in 1999 that recessions were a thing of the past. By the end, there were two, bookends to a debt-driven expansion that was neither robust nor sustainable.
There has been zero net job creation since December 1999. No previous decade going back to the 1940s had job growth of less than 20 percent. Economic output rose at its slowest rate of any decade since the 1930s as well.
Middle-income households made less in 2008, when adjusted for inflation, than they did in 1999 -- and the number is sure to have declined further during a difficult 2009. The Aughts were the first decade of falling median incomes since figures were first compiled in the 1960s.
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