This is sort of common sense but a lot of people dont seem to get why trickle down economics cant work in todays world. The idea is that by giving tax breaks to the rich and corporations they will in turn have greater resources to invest in things that create jobs. Sounds great right? In reality it sort of defies common sense. What they are talking about is the deployment of investment capital. In todays world that tax cut for the wealthy or a corporation does not honor borders. Yes it may actually creates jobs in the long run but not necessarily in the United States. Ironically most of the GOPs strategy may end benefiting outsourcing in that it frees up cash to build new factories and such overseas. When you hear on the news that the job market is soft and that wages are stagnant its not due to Obama or the left it is rather being financed by by past tax cuts and giveaways to the wealthy and corporations who in turn are plugged into the global economy and send those dollars where they will get the highest return. Apparently Republicans are going to continue to rely on the Patriots in corporate American to create jobs. Its just most of the manufacturing jobs that would pay better in the United States will be created in places where they dont pay better. Public service announcement on specifics of why Curt doesnt buy trickle down. Weve been in a trickle down model since Reagan with the result that the rich got richer, the poor got poorer in the United States, and the rest of the world got the jobs that used to be located in America.
Posted on: Mon, 26 Jan 2015 12:20:49 +0000
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