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See, that is the Achilles heel of "trickle Down" economics. In theory, it looks great. You allow people to accrue as much wealth as they can, they create businesses, expand them, hire workers, pay fair wages and voila! Prosperity for all!!! Yippee!!!!
Sounds great, right?
Except.....
What do you do when they start refusing to follow through? They make their money, then decide they don't need us anymore. They either refuse to create any jobs here, or they do, but not unless they alone get to decide what fair wage is......and their idea of a fair wage does nothing to enable workers to become viable consumers. And, they start using their position to demand deregulation that further reduces the rewards of work; for example the minimum wage, union membership, overtime, etc., etc., etc.........and whatever else.
Then start insisting on cuts to unemployment and the social safety net so that disenfranchised workers become more desperate, more quickly and therefore become willing to return to work for less?
Ummm...Let me know when any of this starts to sound familiar.
Dave
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"When the lie is so big and the fog so thick, the Republican trick can play out again....."-------Frank Zappa
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