Trickle Down economics has never worked anywhere or any time it has ever been tried, and never logically could be expected to. Say you have a guy mowing your lawn and he’s doing an adequate job. You get a raise at work. Do you hire someone else to help him, or give him a raise? Neither will the 1%ers. The only reason to hire new workers is that the ones you have are not producing as much product as you could sell. The only reason you would be able to sell more product is that more people have money to spend, increasing the demand for your product. So, if you want to improve the economy, put the money in the hands of the middle and lower classes. They will spend it, not stash it in the Caymans. Trickle down can’t work, but trickle up will improve the economy for everyone, including the 1%ers.
Trickle Down economics has never worked anywhere or any time it has ever been tried, and never logically could be expected to. Say you have a guy mowing your lawn and he’s doing an adequate job. You get a raise at work. Do you hire someone else to help him, or give him a raise? Neither will the 1%ers. The only reason to hire new workers is that the ones you have are not producing as much product as you could sell. The only reason you would be able to sell more product is that more people have money to spend, increasing the demand for your product. So, if you want to improve the economy, put the money in the hands of the middle and lower classes. They will spend it, not stash it in the Caymans. Trickle down can’t work, but trickle up will improve the economy for everyone, including the 1%ers.