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Let me answer my own question since I am going to bed.
People want to get rich for various reasons - but one reason is to buy nice stuff. They buy a big house - who gets the money - the home builder and its employer - the suppliers to the home builder and their employees - and so on. They eat at nice places - who benefits? The restaurant, the employees, the food suppliers and their employees... The money from the rich trickles down to many people down the line.
When the Gulf Moratorium was in play back during the BP explosion, rigs were not operating. Which meant numerous business people and rig operators were not in New Orleans working. Who lost? The hotels... the restaurants... the workers with good jobs were not there eating out for lunch and tipping the waitstaff.
That's all trickle down economics. The resources flow from top to bottom as people operate normally and freely.
DJboutit - you don't get it, maybe you don't want to get it. Sounds like you are content to wallow in envy and jealousy.
Let me answer my own question since I am going to bed.
People want to get rich for various reasons - but one reason is to buy nice stuff. They buy a big house - who gets the money - the home builder and its employer - the suppliers to the home builder and their employees - and so on. They eat at nice places - who benefits? The restaurant, the employees, the food suppliers and their employees... The money from the rich trickles down to many people down the line.
When the Gulf Moratorium was in play back during the BP explosion, rigs were not operating. Which meant numerous business people and rig operators were not in New Orleans working. Who lost? The hotels... the restaurants... the workers with good jobs were not there eating out for lunch and tipping the waitstaff.
That's all trickle down economics. The resources flow from top to bottom as people operate normally and freely.
DJboutit - you don't get it, maybe you don't want to get it. Sounds like you are content to wallow in envy and jealousy.
I was all for trickle down, voted straight republican every year sense Carter. It has failed us because those moneys are being invested in China, not here in the States. The middle class is shrinking and the very wealthy are so flush with cash that in no time in human history has there been such a large concentration of wealth in so few hands, ever, and I can cut and paste the facts all day long. Trickle down is now an epic failure.
I keep thinking about trickle down, but it stops making sense to me when the government is too large. If you apply trickle down if the government is too big, eventually you will have a serious debt problem. On the other hand, if taxes are too high the rich will go somewhere else and the situation will only be slightly better than the worst case scenario.
I will say I felt I did benefit from trickle down. But that was in the1990s. Since the early 2000s, it has done a complete turnaround especially in the hi-tech fields.
Trickle down doesn't work to begin with. The rich sold the people a lie and convinced them to vote against their own best interests. In reality, the past several decades have shown that if anything the wealth is trickling up.
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