Seeking truth through diverse,openminded expression,explaining america to the world
Thursday, July 31, 2014
A New World Emerging
WE THE PEOPLE, (or "sheeple") of the United States, and for that matter, the world, have been duped. We the ninety nine percent have been duped by the one percent into believing that whatever is in the best interests of the one tenth of one percent wealthy elite is in the best interests of us all. "Trickle down economics" is what the message of dupery has been called in America. In other countries, it has probably been called many things, from patriotism, to religious purity. If you just lower taxes on the extremely wealthy, so the line goes, the ultra wealthy will reinvest their tax savings in the economy, in jobs for many and prosperity for all. "Supply side economic" the theory is called, and it inexplicable became quite popular in the early nineteen eighties, promulgated most famously by Ronald Wilson Reagan. Over the past few decades, its falsehood has been clearly revealed by history, experience, and theory. Supply side trickle down economics is a complete sham; what is needed is demand side, trickle up economics.
Start at the bottom, where wealthy is truly made, and let it work its way up. Jobs and pay raises for the poor, and a good does of truly progressive taxation, coupled with government spending on infrastructure and education would be a good place to start. America's socialism is the best, most effective,most successful part of its economy. Social Security, Medicare, the interstate highway system, our city sewer and water systems - all work amazingly well. When the ninety nine percent start acting in their own interests, instead of sheepishly following the instructions of their wealthy corporate masters, a new and better world will begin to emerge.
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