According to George Leef, the zinger, Trickle Down Economics is a brilliant political slogan devised by Democrats.
But, he points out;
"The trouble is that it has led vast numbers of people into a disastrously mistaken idea about the source of prosperity – that high taxes and a growing government is the way to increase it."
"Wealth doesn’t just happen spontaneously. Human beings must utilize limited resources to produce goods and services people want, such as the clothes you’re wearing and the device you’re reading this on. Those who produce things that lots of people want become increasingly wealthy through trade, while those who produce things that few people want may lose the wealth they had.
"In a free society, wealth doesn’t trickle down, or up, or sideways. It is earned."
"What poor people should want is more freedom and more growth, so they will have better opportunities. The deceptive “trickle-down economics” notion was crafted to take advantage of their ignorance about the way the world works. Perhaps one day the pitiable Americans who now cheer when politicians who masquerade as their friends denounce “trickle-down economics” will realize that the massive federal Leviathan is their enemy."
Coining phrases for sound bites seems a speciality of politicians these days.
One wishes solving the problems they create for their citizens would be higher on their agenda. But as long as each side can convince their voting base the other side is the problem, we get more of the same.
