Click here to read the NeoPeopleism articles:


People matter most!

Continuing on to the new world

Something's not right here - The List

3 key pieces for moving forward

What NeoPeopleism is and is not

Words to live by

See our posters

The brilliance of Trickle Down

by Rob Hueniken on October 15, 2015

Trickle Down was a brilliant tactic to let the rich have their way, build hope in regular folks, and to pretend that greed at the top would not overwhelm our world.

But the fallacies of low-tax strategies are now clear, with reduced funds to repair roads, nationwide financial inequality effects, and unemployment.  We knew that greed exists, but we did not expect the levels of #ExtremeGreed that have shaped our world. Massive tax cuts for the wealthy and corporations, combined with reducing the strength of labor, have siphoned away virtually all of the new wealth from working people. Similarly, corporate influence in the political process has resulted in laws that make it harder for things to change for the better.

 

Whether they call it Trickle Down, Reaganomics or Supply Side economics, it has been the prevalent economic non-truth repeated by media, enacted by governments and encouraged by corporations since the 1980s.

But as many economists are seeing, the real job creators are the middle class, who spend the money they earn.

Here’s an article by Nick Hanauer, one of few billionaires willing to speak out for better prosperity for regular folks. [Click here to read the article]

{ 0 comments… add one now }

Leave a Comment

Previous post:

Next post: