Shocker: Trickle-Down Economics Doesn’t Work


Bloomberg: “Tax cuts for rich people breed inequality without providing much of a boon to anyone else, according to a study of the advanced world that could add to the case for the wealthy to bear more of the cost of the coronavirus pandemic. … The paper, by David Hope of the London School of Economics and Julian Limberg of King’s College London, found that such measures over the last 50 years only really benefited the individuals who were directly affected, and did little to promote jobs or growth.”

Rand Paul’s Economic Theory Sounds Like Every Other Republican’s

The thing is, income inequality is due to some people working harder and selling more things. If people voluntarily buy more of your stuff, you’ll have more money.

— Sen. Rand Paul (R-KY), responding when asked if his flat tax plan would further separate the haves from the have-nots, Paul said that income inequality is the result of some Americans working harder than others, rather than economic policies, the Huffington Post reports.

Sounds Like ‘Trickle Down’ to Us, Jeb

The challenge isn’t that some people are successful and some people aren’t. Taking from the successful people to provide for those that aren’t isn’t the solution. The solution is, How do you build capacity so people can achieve earned success?

— Jeb Bush, speaking after a closed meeting at the Metropolitan Republican Club on Manhattan’s Upper East Side, reports the Palm Beach Post.

The Reagan Legacy: Can We Talk?

reaganWhile folks born from the late ’70s on reflect fondly on the 100th birthday of Pres. Ronald Reagan, I wanted to inject a little reality on the subject of the Gipper.

As someone who was already around when he was in office, I have a different view of the golden age conservatives now see as the greatest in our country’s history, except of course, for the halcyon days of 3/5ths personhood and what-not at our country’s founding. Reagan gave us:

  • Voodoo economics, aka trickle-down economics, aka supply-side economics, aka tax breaks for the rich
  • Tripling the national debt within two years (see “voodoo economics”)
  • Just Say No
  • Creating a new demographic of Americans: The Homeless
  • A 4,370-piece set of dishes (19 pieces per setting), costing $209,508
  • Bombing Libya and killing 60 people, including Leader Muammar al-Gaddafi’s 15-month-old daughter
  • Ketchup as a vegetable in public school lunches
  • Lt. Col. Oliver North
  • Selling arms to Iran and using the money to overthrow the government of Nicaragua
  • Using astrology to plan presidential trips, functions, speeches, etc.
  • […]