Clay zeros in on just ONE of the problems we deal with, but a very important one.
Trickle down economics used to be a theory. I say “used to be” because it’s been debunked.
The theory was that lowering taxes on the richest would stimulate the economy. All those savings for the rich would gradually “trickle down” to the poor and middle class. The rich would be all like, “What do we do with all this increased income? I know….let’s invest it in our employees and community, and not spend it on swanky Manhattan penthouses, yachts, and robot dogs.” It’s a theory that was made into an economic policy. The only problem with it as an economic policy is that it relied on greedy rich assholes not being greedy rich assholes. Did the rich hire more people and increase salaries? No. They bought robot dogs.
Ronald Reagan was the first president to implement this policy but it didn’t work. I mean, it did work in that it…
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