(November 6, 2018 at 3:35 pm)Editz Wrote: The glaring problem with trickle-down economics as I see it is that it takes no account of savings - it assumes billionaires et al spend their money, when in fact most is hoarded.
There was a time when America's wealth had a conscious and that was post WW2. But Reagan started the age of deregulation and "let the rich do what they want", and ever since the pay gap has exploded.
Again, when people talk about how great Wall Street is doing currently, it is still short term thinking. When people talk about more jobs being added, again, that is short term thinking. It is corporate garbage that does nothing to create economic stability for all zip codes. It is simply a short term sugar high based on Billionaire tax breaks borrowing from everyone else's future.
They cant have it both ways. The argument is if you let the rich get tax cuts, something has to make up for what they don't pay. In the future that debt adds up and if you still say in the future "don't tax the rich" who do they think gets stuck with the bill?
BINGO and exactly. Editz!
