There have been a number of articles recently, usually from fascist mouthpieces like the Washington Post, that trash trickle down economics. They called it a bad idea that won’t die.
They are right but not in the way you think.
What is trickle down economics?
Trickle down economics is giving money to the rich and hoping that it finds its way to the poor.
Trickle down economics is not allowing middle-class people to keep their money.
As usual the media has it backwards, intentionally so, of course, because the media works for the rich.
It is the job of the media to confuse you.
When we give money to the government who then give it preferentially to the rich, that is trickle down economics.
And, guess what, it doesn’t work.
But when we give money to the middle class through tax breaks, that is not trickle down economics.
That’s only what the media wants you to think.
What our government practices now, and has practiced since FDR, is trickle down economics.
Fighting nonstop wars, both physical and abstract, in which we give trillions of dollars to defense contractors and corporations to fight the war – whether it’s a real war in Vietnam or Iraq, or an abstract war such as the war on drugs, or the war on poverty – is trickle down economics.
It is trickle down economics because the corpo-fascist pigs at the top keep a disproportionate share of the money.
Our politicians like these wars because they have been given postpaid bribes in the form of corporate board seats, jobs for their worthless children, speaking engagements, book deals, and hosting spots on television programs.
And as you have seen, the rich have gotten richer and the poor have gotten poorer.
People who make a million dollars a year are not rich. They are still middle class.
People who are worth fifteen million dollars are not rich. They are still middle class.
John D. Rockefeller was rich. These people are nowhere close to John D. Rockefeller. In today’s money John D. Rockefeller was worth about $500 billion. That’s rich. That’s upper class.
The people who make a million a year are not rich. Got it?
Those people live pretty much the same life that you do.
Those people who make a million a year cannot afford their own private jet. They cannot afford their own super yacht.
They are not rich.
They live the same life that you do. They fly on commercial jets just like you.
It is those people who will start the small businesses that will share the wealth amongst poor people.
When those people get tax breaks, they will invest that money in their local community.
That money invested in the local community will lift it up, make it better.
That’s called trickle up economics.
On the other hand, when we give that money to the government in the form of taxes, we put power into the government.
The problem with that is that the government is usually stupid and corrupt.
Government officials more often than not give that money away to their cronies like the DuPonts and the other rich families whose corporations contract with the government.
Now if these cronies were smart it wouldn’t be a bad idea.
Frequently these cronies though are lazy and stupid. They got to where they got not by being smart but by being connected.
The rich, who would like to keep all their money to themselves, are happy to confuse you, or happy for you to think that giving your money to the government will make things better for you.
Unfortunately experience has not proven this to be the case.
Those countries that have embraced a government approach to economics, such as the Soviet Union, such as Cuba, such as North Korea, such as all the former eastern bloc countries, have failed miserably, have impoverished their peoples.
What socialist and communist countries engage in is trickle down economics.
Allowing people to keep their money is trickle up economics.
The media, controlled by the rich, has it backwards, and intentionally so.
Copyright 2020 Archer Crosley All Rights Reserved