Advocates of trickle down do not think that the wealthy should get less wealthy. They think that making the wealthy wealthier makes us all wealthier in turn.
And this is nonsense because the wealthy have always been wealthy. Where's the trickling?
And for the past few decades, the wealthy have paid substantially less in taxes than previously. And look... we's all still poor!
In theory it is new wealth. New wealth created as a result of the entrepreneurial endevours of those whose investment wealth has been unleashed.
Sure. But who digs up the resources? Who transforms them into products? Who sells them? Who buys them?
If we look at all the steps that go into generating wealth, we see that the biggest roles are played by the working poor and middle class. These are the folk actually generating the wealth. Yet when we look at who gets the wealth...
Like I said, all these 'wealth creators' are only creating wealth for themselves, which becomes theirs only because they snatch it off the backs of the people actually generating it.
Wealth
trickles flows up. If ever it 'trickles down', the effects are negligible.
Jon
Love your enemies!
™ Version 4.2
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