Many will point to the current this current version of spending as trickle down economics and say it does not work. The problem is it is not meant to work. All they are doing is throwing taxpayer money at the top of the pyramid and collecting it at the bottom through their various PACs and campaign finance funds. Meanwhile, they hand out the daily cup of rice to those gathered around the bottom begging.
The reason Trickle down economics worked for Reagan, was simple. He didn't try throwing borrowed money at people, He pulled back the stifling blanket of taxes that was smothering the economy. This in turn released real money to be used to buy real goods and services. This money did trickle down through the economy.
The reason for this is simple. The money Reagan released was earned money, and money the politicians are using are promissory notes on money not yet earned. Let alone paid for with promises made 10 years down the road. These promises are as meaningless as a drunk saying. “This is my last drink.” While holding a full bottle. The only way to ensure this promise is to take away the bottle. That requires a lot of effort from the everyone. Are we willing to put in the effort? I hope so.
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