Trickle-Down Does Not Work

The concept of trickle-down economics always struck me as ludicrous nonsense. I have never been able to take anyone seriously who believed in it or supported it. To me, it has always been a preposterous notion that could only be backed and sustained by the avaricious and narcissistic.

The test of time has shown us clearly, now, beyond doubt, that trickle-down is absolute bunkum and flim-flam.

We now know, beyond doubt, that wealth has travelled upstream. We have seen the 1% get richer, as the 99% (that’s “us” by the way) stagnate and get poorer.

We have seen imposed ‘austerity’ – which is itself a grotesque nonsense – impose poverty and cuts on public services, as well as our most vulnerable citizens – and all whilst the richest have got far richer.

There is no possibility in the sense of ‘austerity’ been genuine that the number of billionaires could more than double in number as they have, in the same 3 years as so many public services and vulnerable people have faced such barbaric cuts.

We have a 1% in which a great many do NOT want to pay a fair share in taxes. In the bigger picture, I would like a different system, for want of a better word. But under what we have now, I think that, if one is part of a super-rich elite, that it is fair you should pay more. That does not punish success, and frankly that argument is one of greed and avarice. If the rich paid more, and that was directly spent to benefit the 99%, then you would start to see wealth trickle-down. But in turn, this would also benefit the wealthier, as more people would have money to save and spend.

The bottom-line seems to me, though, that continuing down the current road has no future worth having unless you are in that 1%.

But we have to change that. It’s up to “us” to do that, because the 1% “them” love ‘austerity’ and keeping the river of wealth flowing upstream.

This recent programme shows just how ‘trickle-down’ economics has failed, and why it will never work. If you’ve not seen it, it is a must-see in my humble opinion:-

http://www.bbc.co.uk/iplayer/episode/b04xw2x8/the-superrich-and-us-episode-1#group=p02fv3nt

 

Advertisements

Male. Married. 3 Children. No Pets. Concerned about the changes the new Conservative Government are introducing. Very concerned about changes that adversely affect the vulnerable and disabled people. Commenting on current affairs, music and life in general.

Posted in Uncategorized
3 comments on “Trickle-Down Does Not Work
  1. donwreford says:

    As you know the rich are getting richer and the poor poorer, as you can see the deserts are on our planet increasing the same as money, being in the hands of the few will and are all part of turning fertile soil into deserts, the 99% are expected to die is the plan of the rich so what little exists of the planet will be for and only the rich, the police are expected to protect the rich paid by the poor, it is this contradiction that exists that has no answer, stranger still is the police are all part of the lower class, as you know when the Pharaoh’s had their tombs made with secret passageways? they killed those who made them, what do you think will happen to police when at the last moments as we know it, become of police? they are scum to the rich, so far the police have the privilege of killing people and getting a rush from power, also the uniforms now have excited police’s imagination.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: