ck4829
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Thu Jan-31-08 08:43 PM
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If you've ever thought for a second, even for just one moment, that supply-side economics worked... |
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Then let this be a reminder of what is going on with our country today.
Well, the first phase of trickle down economics worked. The Rich-Poor divide hasn't been this wide since right before the Great Depression (Should be some sort of warning, right?) and several large corporations have stated that they are making record profits.
Trickle Down Economics is working, the rich and mighty got theirs.
Now, when do the poor and middle class get a piece of the pie?
Notice that we are still entering a recession.
Notice that there are still tens of millions of Americans who do not have health insurance.
Notice that small businesses are still closing left and right.
It's time to face it, the elites in our country haven't used their wealth to trickle it down on those beneath them, they used it only to increase their own wealth.
When will our country learn that having corporations invest money in tax shelters in the Cayman Islands will have absolutely no benefit for our country or the American People?
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Not Me
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Thu Jan-31-08 08:47 PM
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1. Isn't it interesting that after 7 years of advocating tax cuts for the rich... |
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Bush admits (via consumer rebates) that tax cuts for the poor and middle class are what is needed to stave off a recession.
Supply side will never work because greed is too strong a human response.
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Yael
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Thu Jan-31-08 08:57 PM
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2. In theory, it was about investment in companies, not investment in investments |
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the thought was that people would get money from stock sales and tax breaks and they would create jobs.
What it didn't take into account was predatory practices, NAFTA and offshoring.
So, on paper -- it works. In reality, they forgot the greed factor -- so it doesn't.
Demand-side is where the economy needs the nudge and that is exactly what the criminal-in-chief is admitting with this tax prebate ponzi scheme.
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DU
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Thu Apr 25th 2024, 10:17 AM
Response to Original message |