(July 16, 2017 at 10:24 pm)Chad32 Wrote: I think Bush Sr was also the one who called trickle down economics voodoo economics. We should have all the evidence we need that cutting taxes on the rich and deregulating everything is not sustainable, but they keep doing it because the rich don't suffer when the economy collapses.
Eventually, it's going to collapse beyond their ability to sustain themselves.
From about the end of World War 2, the basic business plan was simple: make products for consumers and sell services to consumers. Well, since about the 80's or so, the GOP plan has been to shaft the middle class (and over the past decade or so, the democrats haven't really fought them on it, either). Their problem would ordinarly have been that if they financially shaft the middle class, nobody is going to be able to buy their products or services except a very small number of equally wealthy people. They came up with two solutions: Credit and government. People now use credit to buy all kinds of things that they wouldn't have dreamed of using credit for 40 years ago. But even that's only going to go so far and a more reliable source of income seems to be government. Convince the federal government to piss away money on whatever they produce while lobbying them to give you even more. So far, it's working alright, but eventually they're going to hit a ceiling where even the federal government doesn't have any more money to give them. What happens then? Their business model demands constantly increasing profits, so what happens when they've squeezed all the profits out of our system that they can? If we don't figure out a way to deal with that problem, it's going to crash the economy in such a way that the great depression will look mild in comparison.
I live on facebook. Come see me there. http://www.facebook.com/tara.rizzatto
"If you cling to something as the absolute truth and you are caught in it, when the truth comes in person to knock on your door you will refuse to let it in." ~ Siddhartha Gautama
"If you cling to something as the absolute truth and you are caught in it, when the truth comes in person to knock on your door you will refuse to let it in." ~ Siddhartha Gautama