Who the Hell is Still Buying Into the Scam of Trickle-Down Economics?

trickle-down-economicsIncome inequality has been all the talk lately.  For Democrats, they mention how income inequality has become a massive problem, with most of the wealth continuing to be hoarded by the top 1-2% of wage earners.  Republicans, well – they seem to be in denial about this indisputable reality that over the last 30+ years the richer have become richer than ever before while the vast majority of Americans continue to fall further and further behind.

This isn’t a partisan talking point, it’s a simple fact.

And if you want to try to discount the trend from 2013 as just a fluke, you really can’t.  This is the same thing we’ve been seeing for more than three decades.

You know, about the same time when Ronald Reagan introduced the country to what is most commonly known as “trickle-down economics.”   Or the fairly laughable belief that the more wealth rich people have, the better off the rest of us will be.

I’ve said it plenty of times, it’s a great con.  No matter what economic environment we’re current in (good or bad) the answer for those who support this preposterous theory will always be, “Cut our taxes, deregulate us.”

Who can’t see this scam?

Good economy?  Cut their taxes to continue job creation!  Bad economy?  Cut their taxes so they’ll create jobs!

In the meantime during the years of “trickle-down economics” we’ve seen five recessions, a massive growth to our national debt, historic economic growth, historic economic collapses – you name it, we’ve experienced it.

Oh, and the richest among us become richer than ever while the rest of us fall further and further behind.

Even now, following the worst economic recession in almost a century, Republicans don’t deny that the rich are doing spectacularly while the poor and middle class continue to struggle.

Though I think it’s ridiculous that they actually say it’s Obama’s fault that the rich are doing great while the vast majority of Americans continue to suffer.

Isn’t the promise of trickle-down economics that the better the rich do, the better the rest of us will do?  Well, the rich are doing great – why aren’t we?

How exactly is that President Obama’s fault?  Are they really trying to say that his economic policies have worked but now he’s supposed to force the rich to create jobs?

That can’t be right.  That would be more government.

Besides, it’s absurd to really blame President Obama for the rich getting richer while most Americans fall further behind.  You could make that claim if this trend just started within the last five years, but it hasn’t.  Like I said earlier, this is something we’ve seen happening for more than three decades.

But now Republicans are using this nonsense that it’s not income inequality but “income opportunity” that Americans are lacking.  I swear, the people in charge of their propaganda are really brilliant – even if none of it makes sense to anyone with any ability to use common sense and rational thinking skills.

Luckily for them, most conservative voters don’t use either.

What the heck does “income opportunity” even mean?   That there aren’t enough high paying jobs being created for Americans to advance toward?

Well, yeah – that’s the same thing that’s causing income inequality.  It’s corporations that continue to get greedier and greedier (building that wealth at the top) at the expense of everyone else.

You’re telling me a company is going to keep a job around that their figures tell them they can cut, while forcing someone else to pick up the slack, all while still growing their profits just because we give them a tax break?

You’re joking, right?

They’re still going to cut that job, make someone else work more (for probably the same pay), take that tax break and funnel even more money into the pockets of the rich and powerful.

Companies aren’t creating jobs because of tax breaks.  They create jobs when demand dictates they do.  They cut jobs when they believe they can keep up with that demand while maintaining a smaller workforce while still growing their profits.

I’ve said it countless times, the rich in this country are not suffering.  If their wealth and our success are supposed to mirror one another, then the middle class should be thriving right now.

But it’s not.  And it’s been getting worse for the last three decades.

Who in their right minds really believes that a handful of people owning well over half a nation’s wealth is a good thing?  Because that’s what we have not only in this country, but around the world.

And it’s an absolute joke that millions of people, who are directly hurt by these asinine economic ideologies built to benefit the rich, actually support these policies which make their lives more difficult.  Led on by a promise that some day wealth may “trickle down” on them so they can finally reach that elusive “American dream.”

But that’s the problem – it’s just a dream.  These Republicans use that dream like a carrot tied to a string that they yank away just as these people think they’re about to grab it.

They continue to promise something that trickle-down economics has proven over the last 30+ years will never be delivered.

It’s a scam brilliantly perpetuated by those who stand to benefit the most from it.  And like every good scam, it always promises to deliver something great – except it never does.

Allen Clifton

Allen Clifton is a native Texan who now lives in the Austin area. He has a degree in Political Science from Sam Houston State University. Allen is a co-founder of Forward Progressives and creator of the popular Right Off A Cliff column and Facebook page. Be sure to follow Allen on Twitter and Facebook, and subscribe to his channel on YouTube as well.

Comments

Facebook comments