The mindset behind trickle down economics in the US

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The problem for US workers is that they're so terribly, terribly inefficient that tax cuts, labor cuts , regulation cuts would have to be tremendous to support wage increases.

(Mexican workers make ~$2/$3 per hour, plus, less regulation, much less taxes, much less labor laws)

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When organized labor was king, corporate profits were sky high. Well payed, happy worker who can live comfortably and share in the the prosperity they have created are productive workers.

The Bush tax cuts were passed in 2001, 2003. The recession of 2000-2002 was followed by a period of steady growth. Unless you want to blame the tax cuts for the 2008 recession, which has no basis in reality.

When was this golden age of organized labor? The 1970s era of stagflation? The 1950s when the U.S. had half the wealth of the entire world?

When working people could stake a claim in the middle class, from the fifties into the eighties. But then, Raygun sold a bill of goods to Americans that proved to be crap for everyone save for big business. But hey, Ronny made people feel good, again!

https://en.wikipedia.org/wiki/Household ... ted_States Some passages you might be interested in:



So not accounting for household size or taxes, the middle household in america is 26% richer today than at the end of the 70s. Making those adjustments nearly a 50% increase in wealth in 40 years. For the middle income.



Everybody knows the rich have seen more gains (although all have seen gains). What was surprising to me is that the poor have also seen more gains than the middle income. However, rich, poor, or in between, all are substantially better off today than in 1979.

But wages have not kept up with the cost of living. Benefit packages are no longer included in too many jobs.
When I was a kid, my dad got a great wage with benefits working an industrial job, which meant we were able to go on vacations, my mom didn't have to work outside the home, and I was spoiled rotten. I grew up in the seventies and eighties. Towards the end, when my dad retired, we were already seeing losses for labor.

Real income is adjusted for inflation. If that hasn't been enough in high cost of living areas it has been offset by greater gains in low cost of living areas.

You can continue to deny that people are better off financially today than in the 70s, but that is the same as people that deny the planet is warmer today than it was in the 70s. The data just doesn't support it.

All I can go on are my own experiences and observations, and they tell me that the working class that I grew up among have been getting the shaft in more recent times. That's why so many working people have decided to throw away their common sense and swallow everything Trump says, while others have allowed themselves to scapegoat racial and religious minorities for all their problems, even if these scapegoated people have it worse than them.

Trump helped them out by getting rid of the ACA penalty, and cutting their taxes.

Over the last 40 years since Trickle Down Economics was introduced under Reagan and Thatcher, in US and UK, the elite top 1% now control 50% of the wealth of the world. 99% of the population have to get by on the remaining 50% of wealth. How on Earth is that a fair deal? Taxes on the rich and corporations should be lifted to reduce poverty, create more jobs and more opportunities for all citizens. I believe in taxing the rich more and redistributing wealth, universal health care and universal education that provide more opportunities for all citizens not just the wealthy elites.

Seems the fairest.

People keep the money they inherit or earn.

You're suggesting it's "fair" to steal their money, and give to others?

Trump ended the ACA "penalty" to try killing Obamacare in order to erase his predecessor's legacy in order to magnify his own. Pure narcissism. All he has done is put people's medical coverage in jeopardy.
Cutting taxes have done more for the wealthy's savings accounts than for ordinary workers.

This dynamic of an interest based system is why "usury" was considered a crime punishable by death in biblical times. Modern day usury is simply "excessive interest" wherein biblical times it was any interest. When people within a mathematical system can earn enough money to sustain eternal life simply through interest earned it creates a draining element within that mathematical system that can never resolve. This element creates the necessity for more and more bankruptcies as more and more people within the system enter that realm of wealth where interest is all they need for them, and all of their offspring to survive. Those not in that club pay the price and the % of those not in the club will eternally get smaller as a percentage of the population. These are all mathematical certainties.

This element became much worse (nail in the coffin) with the introduction of fractional reserve banking applied to the US dollar in 1913 and created the eventual necessity of unhinging the dollar from gold and then to the all out fiat currency that it is today. To think Trump, Obama or any other president has anything to do with the destruction if the monetary system is short-sighted and just flat out incorrect. What is occurring is the end game to an impossible situation to avoid that is more than 100 years in the works.

I don't have a solution to this problem, but it is a problem and has everything to do with the exponential curve that is monetary debt. I find it odd that so few see and understand this but that's probably a good thing because once everyone admits/accepts that our currency requires exponential growth of the population to mimic the exponential growth of the money supply in order to be a valid system it will all fall apart.

Are you suggesting taxation is stealing and we shouldn't have taxes?

Also under Trumps tax plan the tax cuts for ordinary workers are only meant to last 2 years before the rates go up again. But for the wealthiest americans their tax cut is permanent.

Yet so many poor working class right wingers eat it up like Trump has saved them...yeah for two years until the rates increase for regular working people but stay the same for the wealthiest people. I guess they did not read the fine print.