I first heard the phrase Trickle Down economics in the eighties. The belief by Ronald Reagan that if we opened things up for the wealthiest Americans to make more money, and keep it through lower taxation policies, that they would then invest and spend more thus leading to more production and jobs and help the lower and middle classes expand and grow.
In the 1980 Republican primary George H W Bush said that he felt that Reagan's plan was " Voodoo Economics." He was not wrong but he soon became a convert. Over the 30 years since Republicans have become nothing more than a shill for the greed and hegemony of the richest 10 percent of Americans over the rest of us.
This has been a theory for 100 years, and probably much longer. In 1912 when running for President Woodrow Wilson said in part " that no society is renewed from the top and that every society is renewed from the bottom."
He was right then. George Bush was right in 1980. I am right now.
Trickle down will never work. It is like trying to pass an ice cream cone on a hot day from a parent through 25 first graders at a birthday party to one child at the end of the table. What gets to him will be nothing close to what was at the beginning and will be a more of a mess than anything else and someone is going to have clean this up.
The question is when will we learn.
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