[Liberals say trickle-down economics is just making the rich richer and that taxes give the wealth back to the poor. The greedy rich are restrained by government since Teddy Roosevelt passed anti-monopoly laws and the corrupt often go to prison. But the greedy poor have been voting for their own benefit and support corrupt politicians to do the deed. Prince John is not the Robin Hood they believe him to be. Patriots believe people are entitled to prosper from the businesses they build, but people like Obama who has been taking $1 trillion a year from taxpayers says people don’t need so much wealth.]
Liberal Democrats say trickle-down economics doesn’t work, that the rich get richer and the poor get poorer. Yet the only time in U.S. history that the middle class has lost income has been when Democrats win Supermajorities and institute their policies without Republican opposition. The times when the middle class grows the fastest has always been when Republicans are in power and either lower taxes or balance the budget or both.
Is life any better for Americans today than it was in 1980? Trickle-down that liberals say doesn’t work is when people make millions in their business supplying people with products they want. They don’t stick that money in their mattress, but spend, invest, and give to charity giving that money to other people who make hundreds of thousands providing goods and services to the rich. Those people spend and invest their money creating jobs for millions of people to make tens of thousands of dollars to support their families. And those people spend their money creating jobs for more millions to have jobs cleaning, fixing, repairing, and doing everything else that people need.
But if government taxes that money away from millionaires before they can spend and invest and give to charity, then nothing trickles down because government has it all. Is it any surprise that under Obama that Washington, D.C. and not Silicon Valley is now the richest region in America? Let’s see what the middle class family had under Reagan compared to what they have under Obama.
In 1980 the typical middle class family had one phone on the wall in the house. They had one camera and maybe one movie camera, a record player with stereo speakers, a console tv and maybe a couple of portable cathode ray tube televisions in other rooms with maybe ten channels from which to choose. They generally had two cars that didn’t have electric windows, cruise control, or a passenger side view mirror. GPS was called a map the electrical system didn’t require a computer.
Now everyone is walking around with a phone in their pocket that is a miniature computer more powerful than desktops in Reagan’s day. They all have audio, take photos, and record video. They play music, exchange e-mail, and allow access to surf the Web. At home they have a 7.1 sound systems with surround sound and sub-woofers, 55” wide screen high definition televisions, cable with a thousand channels, internet access to the World Wide Web with vast information, communication, games, careers, and business opportunities, a DVD system with movies on laser discs that don’t deteriorate.
But Barack Obama and the Democrats say the last thirty years of trickle-down economics didn’t work and resulted in government not having enough money to make life better for people. The government that then provided a small percentage of people who couldn’t work with welfare, and assisted those who could not afford healthcare with Medicaid. Now there are 90 million Americans living on one form of welfare or another, and since Democrats were voted to control the economy in 2006 and elected to a Supermajority in 2008, the number of people in poverty and dependent on government welfare has doubled while the number of people in the workforce has decreased by twelve million.
In the 1990s under Reaganomics there was an economic boom when Republicans forced a Democrat president to sign a balanced federal budget for four years while lowering taxes. That prosperity continued into the 2000s despite a viciously contested presidential race, an attack on 9/11 that destroyed a trillion dollars of wealth, and a war with Islamists. Democrats spoiled all that with a crash of mortgage banks under their control and scamming people into giving them absolute power that they used to ram ObamaCare down their throats. Under Obama middle class income has dropped 10%, and he blames everything that his policies have wrought over the last eight years on Republicans not taking enough in taxes from the people.
They say trickle-down prosperity doesn’t work, but they’ve proven that trickle-up poverty works great!