The “trickle-down” #RepublicScam theory claims it benefits society, as the economy “trickles down” to all, including the poor.
Essentially, what this theory says is that when the amount of liquid in glass increases, the glass overflows at a certain point and the fluid slowly spills and trickles down, with positive effects both for the middle class and the poorer sections of society.
Some people continue to defend trickle-down theories which scams ass u and me to the theory that economic growth, encouraged by a free market, will inevitably succeed in bringing about greater justice and inclusiveness in the world. This opinion, which has never been confirmed by hard data and real facts, expresses a crude and naïve trust in the goodness of those wielding economic power and in the sacralized workings of the prevailing economic system. Meanwhile, the excluded are still waiting.
Not enough to let a few drops fall whenever the poor shake a cup which never runs over by itself. Welfare programs geared to certain emergencies can only be considered temporary responses. They will never be able to replace true inclusion, an inclusion that provides worthy, free, creative, participatory, and solid work.
The GOP has used this economic fallacy to fool all about a situation in which something that starts in the high parts of a system spreads to the whole of the system: The supposed trickle-down effect of lower taxes for the rich has not yet resulted in greater prosperity for society as a whole.
This Republican scam has caused grotesque wealth inequality and an evilly rigged tax system on earth that blatantly favors the rich to obtain additional wealth, but not to allow it to TRICKLE.
According to published The Atlantic reports: It’s disappointing and sad we have prioritized the affluent and corporations here in the USA at the expense of everyone else over the last 40+ years. Trickle-down economics simply was a lie told in 1980 that is still hurting most of our children today. It appears the tide here in the USA may be turning back again.
“If there is one statistic that best captures the transformation of the American economy over the past half-century, it may be this: Of Americans born in 1940, 92 percent went on to earn more than their parents; among those born in 1980, just 50 percent did. Over the course of a few decades, the chances of achieving the American dream went from a near guarantee to a coin flip.
From the 1940s through the ’70s, sometimes called the New Deal era, U.S. law and policy were engineered to ensure strong unions, high taxes on the rich, huge public investments, and an expanding social safety net. Inequality shrank as the economy boomed. But by the end of that period, the economy was faltering, and voters turned against the postwar consensus. Ronald Reagan took office promising to restore growth by paring back government, slashing taxes on the rich and corporations, and gutting business regulations and antitrust enforcement. The idea, famously, was that a rising tide would lift all boats. Instead, inequality soared while living standards stagnated and life expectancy fell behind that of peer countries. No other advanced economy pivoted quite as sharply to free-market economics as the United States, and none experienced as sharp a reversal in income, mobility, and public health trends as America did. Today, a child born in Norway or the United Kingdom has a far better chance of outearning their parents than one born in the U.S.”
Why America Abandoned the Greatest Economy in History
Was the country’s turn toward free-market fundamentalism driven by race, class, or something else? Yes.
The Atlantic: https://apple.news/