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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Nan's Notebook 
I have a problem following the mentality of a group who sees the words Trickle-down and immediately has to buy into it. It’s not as thought the Republicans have ever been particularly honest about anything really, The new plan to replace the Obama Affordable Care Act, nothing ever came of it which was such a shame as it was so much better. Covid19 won’t last, it’s nothing but a cold, no need to wear masks. People out of work don’t need benefits, they need jobs (at a minimum wage as prescribed by their wealthy employer). How have they got any credibility left. Their only policies are obstruct, obstruct, obstruct,, and in that they may just have found a winning way for the minority to own the majority.
Huge Hugs
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I have a problem following the mentality of … Republicans in general!!
We ALL have an intrinsic philosophy of “me-first,” but these guys take it to the extreme!
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I enjoyed the article but Clay lost all credibility for me by dissing Chipotle. I love Chipotle. 🙂
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I’m glad to see you are still cranking it out.
“We don’t pay taxes. Only the little people pay taxes,” Leona Helmsley.
You may remember her. I’m old enough. I seem to remember that she left millions of her estate earmarked for the care of her pets. Don’t take my word for it. It isn’t likey that I’m wrong, but it is possible.
Corporations and the ultra-wealthy probably pay more for tax lawyers, accountants, bribes, and lobbyists than their tax bills may be. It’s not the money. It’s the principle.
Churches don’t pay taxes.
Preachers don’t pay taxes, and they don’t pay taxes on their private jets, no matter how many they own.
Charities, as far as I know, don’t pay taxes. Most charities have a 75/25 financial plan. Seventy-five percent of revenue goes to salaries and sustaining the charity. Twenty-five percent goes to their recipients. Maybe.
“Only the little people pay taxes.”
With Leona’s attitude, anybody who was not her was a ‘little people.’
Nothing trickles down. All revenue flows toward the top. Like a jug of raw cow milk, that golden cream rises to the top.
My mother watched Death Valley Days with the same intense dedication and faith with which she watched Oral Roberts. Yes. She was a g-d Republican. (Sorry Republicans. Not!.) Reagan was the most despicable person to ever shit behind a pair of cowboy boots. George H. W. Bush was in the same class. Dubbya can’t paint for shit. I will put my children’s third grade finger paints up against anything he has.
“There’s Dick Cheney, the shadowy kingpin of crony capitalism; Donald Rumsfeld, the military master of Orwellian doublespeak; John Ashcroft, the fundamentalist zealot bent on undermining our basic freedoms; and Karl Rove, the political puppeteer who tells Dubya what to say, think and feel.”
Clint Ellis
The I Hate George W. Bush Reader: Why Dubya Is Wrong About Absolutely Everything
As long as the church and corporations are in charge of writing our tax laws, the ‘trickle-down theory ‘ is working. Oh! It isn’t in the sense that economic good times are finding their way down here to the hand-to-mouth class. It is in that our politicians see it as their easy way out of confronting their duty to ‘regulate trade and commerce.’ It is better to accept the donation, aka bribe, ignore the plight of the little people, and continue to do nothing.
I need a drink.
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“W” can’t paint? Then I shall not pay $22 for his dang book. Wow. Can’t paint…well there ya go. LOL I think trickle down painting is called water color. 🙂
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Thanx, Nan. You just keep finding the right triggers.
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I’ve said it so many times that I finally threw my hands up in disgust … it does NOT trickle down … never has, never will, for humans are greedy creatures and the more they have, the more they want. People don’t listen, though … they keep believing the lies they are told by the politicians who are in the pockets of the wealthy corporate CEOs. Bah Humbug!
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You’re correct. TOO MANY people don’t listen … or, regrettably, don’t care. Those that do tend to be easily convinced by the platitudes and promises — especially if they’re worded so they think the action/promise will benefit them. Me-Me-Me. The battle cry of the Republicans.
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Right. And when that fails, whichever party is in power decides to stimulate our economy by borrowing money from the deficit and giving it to everyone (to be paid back later by those of us who do pay taxes). The poor spend it and those of us who have enough do not.
Thus, they are confessing that a healthy economy requires consumers spending money. If we pay folks money for working (as in fair workman’s and woman’s wages, or a “living wage”), they spend it. And like magic, we have a working economy where everyone (even the rich) benefits. We can call it bridled capitalism.
But, I am no economist, nor would I like to be.
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Trickle down is a joke. Only thing that trickles down, is what gets into our drinking water.
Tax the tax cheating wealthy already!
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