An entire generation of Americans have grown and matured being hammered with the dastardly economic untruth that if only the richest of us are allowed to keep a greater share of their income they would invest it in America and this increased wealth would "trickle down" to the working classes. Even David Stockman, a major architect of this lie, admitted on public radio that this was a falsehood when it was introduced to Americans by President Ronald Reagan. It simply doesn't happen, yet the lie is perpetuated. "We can't raise taxes during a recession" is one of the lies the liars rant. Crap!
Statistics or math do not lie however, and they indicated that for over the last 30 years economic growth has indeed coincided with increases in taxation on occasions. President Reagan himself raised taxes several times during his tenure as our president. Under Bill Clinton the marginal tax rate was well above today's and America enjoyed the greatest economic growth of its history.
The face of the lie of "trickle down" economics is actually "trickle up". Any dollars saved for investment by the richest of the rich is invested in other countries, not America. If it were up to me I'd have them up on charges of treason. What patriots? Patriotism was big rallying propaganda under Bush II and used to marginalize anyone who disagreed with him on his war of choice, Iraq. Where are such patriots today? I know!!! They never existed. The money trickles to the top and the top is where it stays.
Comment, please!
About Me
- Political Rebuttal
- David has decades of experience in basic and applied sceintific research in the fields of aerospace plastics, medicine, and organic chemistry. As a facutly / staff member and researcher he also gained years of additional study in English, Philosophy, and Business Management.
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