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The key to widespread, broad-based prosperity is NOT “supply side” economics — the scam idea that if you stimulate those who “supply” wealth, i.e., rich investors — they will create jobs and the wealth will “trickle down” to the workers. Prosperity does NOT trickle down; it builds from the bottom up and the middle out.
Investors do not “create” jobs out of the goodness of their hearts or because they care about working people; they invest in opportunities when they see the potential for CONSUMER DEMAND (either filling an unmet need, or inventing a product for which they can create consumer desire — but only if workers are paid well enough to also be the consumers out of whom consumer demand arises.
The old “trickle down” scam has never worked.
Didn’t work under Hoover.Didn’t work under Reagan.Didn’t work under Bush.Didn’t work under Trump.
The few richest elites multiplied their already-massive wealth, even in a pandemic that got out of control because of Trump’s own mismanagement, while tens of millions of Americans lost jobs, careers, livelihoods and economic security in a new TRUMP ECONOMIC COLLAPSE.
Or maybe it has worked perfectly for its true purpose — just the way they designed it — to REDISTRIBUTE the wealth produced by middle class working people to the few richest elites who already have the most while pretending it is supposed to help working people and the middle class.
It does NOT work the way scam artists try to sell it to gullible suckers.It works perfectly for billionaire CON men.
The key to widespread, broad-based prosperity is NOT “supply side” economics — the scam idea that if you stimulate those who “supply” wealth, i.e., rich investors — they will create jobs and the wealth will “trickle down” to the workers. Prosperity does NOT trickle down; it builds from the bottom up and the middle out.
Investors do not “create” jobs out of the goodness of their hearts or because they care about working people; they invest in opportunities when they see the potential for CONSUMER DEMAND (either filling an unmet need, or inventing a product for which they can create consumer desire — but only if workers are paid well enough to also be the consumers out of whom consumer demand arises.
The old “trickle down” scam has never worked.
Didn’t work under Hoover.Didn’t work under Reagan.Didn’t work under Bush.Didn’t work under Trump.
The few richest elites multiplied their already-massive wealth, even in a pandemic that got out of control because of Trump’s own mismanagement, while tens of millions of Americans lost jobs, careers, livelihoods and economic security in a new TRUMP ECONOMIC COLLAPSE.
Or maybe it has worked perfectly for its true purpose — just the way they designed it — to REDISTRIBUTE the wealth produced by middle class working people to the few richest elites who already have the most while pretending it is supposed to help working people and the middle class.
It does NOT work the way scam artists try to sell it to gullible suckers.It works perfectly for billionaire CON men.
Trickle down? The trick’s on you.