Quote:
Originally Posted by Atticus
Trickle down doesnt work. What works is trickle up.
You give extra to the wealthy they invest wisely and save. They're wealthy for a reason. You give extra to the poor and they blow it on flat screens, Red Lobster and jewelry. They're poor for a reason.
The poor and middle class stimulate the economy by spending. Those dollars end up in the hands of the wealthy. Either way it's going one place. The difference is if the wealthy receive it through corporate growth they will hire more employees to sustain that growth. If they receive it through handouts there is no need for additional corporate spending (ie: jobs).
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I think the idea is that tax breaks for the wealthy (who pay most of the tax anyways) equals more investment in companies that give jobs to the poor and middle class so they have money to to blow on flat screen televisions. Also, the whole idea of rampant spending being necessary to stimulate the economy is the same as saying that the best way for a heroin addict to deal with his addiction is to have an ample supply of heroin always at hand.