There is No Such Thing As 'Trickle Down'. Tax Cuts For the Wealthy 'Trickle Out'

[tekisui]

It amazes me how the right will not let go of their blatant mis-representation of economics. They still try to convince every voter that we are upper-middle class. They still worship at the alter of tax cuts for the wealthy. They still try to dupe us into believing that trickle-down economics is a viable theory.

We know that is far from the truth. In the global economy, any tax cuts for the wealthy don't return the the US through investments. The rewards for being uber-rich do not trickle down to increased wages in the US or more jobs in the US. Any tax cuts for the wealthy are invested in off shore bank accounts, international or multi-national corporations that promote cheap labor in foreign countries.

There is no such thing as 'trickle down' economics. We have seen over the last decade the 'trickle out' economics of the right. The jobs trickle out, the investments trickle out, any growth trickles out. In its wake are left a shrinking handful of very wealthy and the growing ranks of the poor, underemployed and unemployed in this country.

Yet, the right still promotes this agenda. They represent only the fattest pigs at the trough, and still try to sell us the same failed policies. The myth of trickle down has been exposed, and the goppers are dying with it.

[w4rma]

1. That is an extremely accurate description. (nt)

[mnhtnbb]

2. Tax cuts are simply "what's in it for me" politics. Selfish, greedy pigs.

[tekisui]

3. Kick, because I hate the pukes who spew this vile shit.

[truedelphi]

4. K & R for the conciseness of your rhetoric

And the truthof it

Like your sig line also.

[backscatter712]

5. Horse and Sparrow Economics.

Thom Hartmann brought this name for "Trickle Down" economics up on his show - that's how people described the same crap back in the Great Depression.

What is Horse and Sparrow Economics? If you feed all the oats to the horse, some of those oats come out of the rear end of the horse and feed the sparrows.

An appropriate metaphor for what the GOP is trying to sell us, don't you think?

[Kansas Wyatt]

6. It's not the higher tax rates that expands the economy, it's that it forces the rich to reinvest...

Money back into America, which expands the economy. The Republicans say that higher tax rates will make rich people pull back on investing into the economy.... BULLSHIT! They will invest a Hell of a lot more into the economy to avoid paying the higher rates, so they can keep ownership of their earnings and so they can decide where their tax money goes. With the Republican voodoo economics way, the rich just put all their money into money investments that end up turning out like pyramid schemes, leaving everyone below them SOL.