Economics 101: The Trickle Down Theory is Bull Sh*T!
I got this from Moe at Whatever Works. The table was first published from the Facebook group The Christian Left. Social programs are at risk in order to continue the egregious tax breaks for the mega-wealthy.
But the top ten percent needs these tax breaks and incentives, right? After all won’t they outsource their work to other countries where labor is cheaper, if we did happen to change the tax laws to bring balance to our tax system? Let me say this; trickle down economics does not work. There are 49 million poor in this country who would agree with me. Companies who are determined to send their jobs overseas to cut costs are going to do so no matter what. By issuing further tax cuts to the top income brackets, Reagan plunged this country into debt and for the first time ever, made us a debtor nation. The continuation of said tax breaks has worsened that situation. Large scale corporations aren’t creating jobs with their enormous tax cuts. They’re still outsourcing and pocketing the difference, who in their right mind wouldn’t?
If we’re going to bring economic balance to this country we need to start at the top. Otherwise the deficit will only grow worse, and the poor and middle class who are currently under economic attack are going to step up the process of fighting back. The war of words and actions has already begun across the country. It’s time for those in charge to recognize the fact that we’re tired of getting trampled upon, for the sake of propping up the ten percent who control ninety percent of the wealth in this country.
- Ronald Reagan’s Real Legacy: Death, Heartache, and Silence Over AIDS (pinkbananaworld.com)
- What more proof do the people of the USA need to know that the trickle-down economics for the rich don’t work for the majority? (iflizwerequeen.com)
- Rachel Maddow Takes Stephen Moore to Task Over His Praise of Reagan’s Tax Policies (crooksandliars.com)
- Scott Walker: Our Own Homegrown Gadhafi (theraleighdwilawyer.wordpress.com)
- Letter: The ‘trickle-down’ scam (commercialappeal.com)
- Look out for more Republican Historical revision as February 6, what would have been Reagan’s centennial birthday approaches (iflizwerequeen.com)
- Ronald Reagan at 100: man and myth | Stewart J Lawrence (guardian.co.uk)