If this is a successful economic model, I think I'd prefer the old "failures" of New Deal liberals, thanks.
Still, all that wealth is sitting up there, just waiting to trickle down. We've sent pots and pots of money up the economic ladder all these years with pretty much nothing to show for it -- except this:
Chart courtesy of Mother Jones
It's at this point that any semblance of reason gets tossed out the window. See, we're starting to run out of pots of money to send up the ladder, all that income is just jammed up up there, and clearly something needs to be done. I know, let's send up more pots of money! Maybe that'll jiggle it all loose and once it trickles down, it'll all work out great.
So Republicans and Blue Dogs are looking under every rock they can find (except the Sacred Rocks at the Pentagon) for more pots of money. Then it hits them; Social Security and Medicare. Let's cut the payouts from funds people have paid into all their lives and then we can afford to send more pots of money up the ladder.
Now think about the "reasoning" here; the idea is that all this money at the top will eventually trickle down and benefit everyone. So the proposition is that we take money from you, send it up the ladder, and then it'll come back down to you eventually. If you're like me, you're seeing a stupid and unnecessary step here. How about everyone just keeps their money and we can skip that whole "send it up the ladder" part?
Is anyone arguing that you'll get back more than you send up the ladder? Well, everyone's talking about sacrifice, so the answer is plainly no. What's being proposed is that the government takes money from you to pay off a debt incurred from sending pots and pots of money up the ladder. You don't get squat out of it. In fact, if you make too much noise about it, they may just raise your taxes to pay for the tax breaks they've already given to the people at the top of the ladder.
And this is at the root of all the complaints, from consolidation of corporate power to Citizens United to unemployment to financial corruption to bailouts. Everything for the 1%, at the expense of the 99%. The people at the very top of the economic ladder have become parasitic and the parasite is controlling the host.
So there's your one clear message; supply-side economics is a failure. The detailed solution? Stop doing it.
This is all much easier than you're making it, punditry.
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