Trickle-down economics essentially means that if government protects and encourages the rich, some of their money will “trickle down” to the middle class and beyond. But the trickle-down of wealth has been far from adequate. Tax breaks for the rich in recent decades, and the corresponding loss of jobs and failure of the middle class to prosper – these come very near to being absolute proof that trickle-down economics is destructive.
The rich think trickle-down is wonderful and their political party tells the public that it creates jobs. In reality, the rich are doing extremely well while others are not. Since the supposed end of the Great Recession in 2009, the incomes of the top 1% have risen 31%, while for the bottom 40%, incomes have fallen 6%. Wealth is trickling up much more than it is trickling down.
For the party of the rich, realistic answers to the country’s problems are completely out of the question. Infrastructure? No. Education? No. Women’s rights? No. Equality of rights for all our citizens? No. Funding and supporting these areas would not only help the country, it would put more money in the hands of the people who need it. But the party of no balks, because dealing with our problems would require more help from the rich.
In one area where the government is actually dealing with the problem – affordable healthcare – the party of the rich is so outraged it has actually shut down the government in an effort to make the solution and President Obama fail. We certainly do not need this kind of leadership in the state of Virginia.
We already have more than enough of the party of the rich, the party of no, and the party of trickle-down economics.