For those of us that are OLD….we can remember the theory that Reagan was so fond of….the promises of trickle down economics….a theory put forward by one Laffer (a name well said to describe the BS)…basically it is an economic theory that says if the top 10% of the population gets tax cuts, tax breaks and other benefits that the good stuff will trickle down to the rest of us……sorry to say but it has been proven to be a crock of crap……
Now that you have a small amount of info on the down side how about “trickle up economics”? Is there really such a thing? You bet your butt there is…..,just look at the economic happenings of today….but you would like a simple definition….something not too hard and easy to remember……. the flow of wealth from the poor to the affluent.
This video can help explain trickle up better than me…..and it will be more easily retained by those that care to learn…….http://on.msnbc.com/j6I92G
All income and benefits are flowing up and yet those on the bottom are asked to sacrifice time and time again….when does it become a “Shared Sacrifice”?