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Because everyone thinks, deep down inside, that they can be that super rich guy. They also want to feel as though they are the ones doing the trickling.
Because everyone thinks, deep down inside, that they can be that super rich guy. They also want to feel as though they are the ones doing the trickling.
This. In other words, they've been duped. Over and over and over and over...
At one point in history it worked. But people were different then.
When a business profited so did the employees.
The pipes controlling the flow are all clogged up with greed and corruption.
At one point in history it worked. But people were different then.
When a business profited so did the employees.
The pipes controlling the flow are all clogged up with greed and corruption.
Not really. People were told they didn't need to farm just to sustain themselves. Buy from the grocery store. Now zoning laws have prevented some families from doing that in a smaller yard, and large commercial farmers have the big land.
And then, it was folks making 10000 a year or less, now its people with two kids making 60000 a year who are receiving more then they pay in.
Not really. People were told they didn't need to farm just to sustain themselves. Buy from the grocery store. Now zoning laws have prevented some families from doing that in a smaller yard, and large commercial farmers have the big land.
And then, it was folks making 10000 a year or less, now its people with two kids making 60000 a year who are receiving more then they pay in.
When I started working back in the 80's the company gave good bonuses.
Trickle down worked. Remember "profit sharing" ? We also got good raises and benefits including paying for continuing education and pensions.
Same company 20+ years later..no pensions, benefits cut to bare vacation/sick days, profit sharing is a fond memory, etc and no more pensions. Record profits though but they are keeping it all to themselves now.
Make it easier to do business and more business will come. Perceived fairness doesn't help anyone, as is evident.
Increase taxes, regulations and manipulate wages falsely and you have businesses leaving.
BTW....how's that "trickle up" working out? Looks like all of the profits have trickled up to Wall Street.
Supply side does work, but not in the way you just listed.
Henry Ford payed his workers enough money to ensure they could buy a house, have kids, put food on the table, and still have enough money to buy one of his cars.
That's supply side that works. Today we've fostered a business culture where, for one nothing is produced but wealth, and another where the bottom line is all that matters. The more money you can make, the better. Who cares what we pay the workers.
We need business leaders like Ford, not like Merril Lynch.
When I started working back in the 80's the company gave good bonuses.
Trickle down worked. Remember "profit sharing" ? We also got good raises and benefits including paying for continuing education and pensions.
Same company 20+ years later..no pensions, benefits cut to bare vacation/sick days, profit sharing is a fond memory, etc and no more pensions. Record profits though but they are keeping it all to themselves now.
That's not trickle down. Trickle down is the idea that the more wealth at the top, the faster the economy will grow. That's because they assume people will spend that money.
They don't, that's the problem.
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Looks like all of the profits have trickled up to Wall Street.
