Trickle down economics is one of the biggest cons of all time, if not the biggest. It’s a scam, because it is simply an attempt by American Corporations, and the richest two percent of Americans, to pass off all the costs of doing business on to the American taxpayer, because consumers react badly when you pass the costs off directly through price increases. The basic assumption is that if we give tax breaks to the most wealthy individuals, then they will trickle down those benefits throughout the economy by creating jobs for us: the unworthy, smelly little people.
When it comes to business operations, this is making the horse push the cart with his nose. Creating jobs is a cost of doing business, nothing more, not something the wealthy do because they love us all so much. I can prove this through the use of a very simple example, although the people behind this economic theory will claim that my example is too simplistic, but, trust me, that’s part of the con: insisting that you, or I, are just too simple and under-educated to understand the complexities of economics, and that common sense doesn’t apply to modern economics. In that, they are right, common sense has nothing to do with this, because that’s the essence of a good con, getting you to suspend your common sense, and disbelief, so you’ll believe the bullshit.
Let’s say my grandma’s apple pie recipe was so good that no one on Earth could resist it. For years, I served it my family and friends on holidays, and they all insisted that I should sell these pies, because it would be a true moneymaker. After years of cajoling from family and friends, I decided to take the risk and opened my first Mama Rube’s Pie Shop.
Much to my surprise, the business takes off. Everyone in America loves my pies, and soon, I’m working eighteen hours a day just to keep up with demand. I can’t keep up this pace for long, but the money is too good to just walk away. What’s my only recourse? I have to hire workers to help prepare and distribute my pies. I have to pay them wages, because nobody loves me enough to work for free, even my family. I have to pay them decent wages too, because my business’ reputation depends on the quality of my pies, and the service provided by my distributors.
All this, as I’ve said, is a cost of doing business, nothing more, and certainly not some magnanimous activity on my part. It’s the way things worked in American business, at least until the time of Ronald Reagan, and the invention of trickle down economics. Remember, George Bush senior called Reagan’s economic policies, “Voodoo Economics,” when he ran against Reagan and lost, although he later had to accept them in order to win the nomination of fellow Republicans for a second presidential run.
Many took offense to the term trickle down, because it sounded like the intelligent super rich were taking care of us moronic babies, so they spin doctored the name into something more professional sounding: supply side economics. I’ve said for many years now that you can call a skunk a polecat, but it still stinks, and this applies to supply side economics as well; you’re just calling a skunk by a different name.
The basic intent of supply side economics is what it achieves: the accumulation of wealth among the super rich, to satisfy their bloated egos and delusions of godhood. It is not intended, as it’s proponents insist, to stimulate economic growth, that’s just the pablum they feed us to keep us content and happy. Supply side economics can’t stimulate real economic growth for one simple reason: a vibrant economic system is very much a circulatory system and needs the circulation of wealth to endure. In supply side economics, this circulation doesn’t function, because the accumulation of wealth is the object, so any growth is on credit, not real circulation of wealth, which leads us to the endless cycles of boom and bust that characterizes modern economics. Bust for little people that is, because the people at the top are never affected, unless there’s an outright revolution with guns, which is rare. Losing a million dollars on paper is not the equivalent to a family losing their livelihood, home, and children’s future, although supply-siders were quick to try to equate these during the last economic bust, insisting that billionaires were hurting too, and this fabrication led to the most egregious lie in all of American history, “too big to fail.”
Never before in American history was such a concept even suggested, and hopefully it never will be again, because this was literally the crooks picking through the pockets of the dead and dying, searching for valuables, while the police (the federal regulators) stood by, whistled, and looked the other way. There have been many economic crashes throughout American history: the crash of 2008 was the first in which American businesses and banks were protected from its affects by the American taxpayer in the form of bailouts, which, of course, had to be paid back, so that the illusion of fairness could be maintained. The illusion of fairness, because no one bailed out the millions of working Americans whose lives fell into disaster, while the Goldman Sachs boys (the ones who now make up your present president’s cabinet) flew home from the hand out meeting in their corporate jets, celebrating their success.
The reason I bring all this up now is because the angry white people’s movement has bought into all this again through the election of Donald Trump. As previously mentioned, the new Trump administration is filled with Goldman Sachs boys, and they are now in the process of removing all the protections against Wall Street’s penchant for gambling with your future, the future of your children, and the future of your grandchildren.
Somehow, the billionaire’s club has pulled it off again, convincing people that they create jobs only if you reward them for it, or they won’t. Feudalism repackaged, based this time on the divine right of wealth, rather than the divine right of God, because they know you won’t buy that bullshit any more. Unbelievably, modern Americans aren’t any wiser to the con, but more on that later…