Sunday, October 22, 2017

Supply Side Economics Has Failed, Again and Again, and Again!


Giving tax breaks to the rich does nothing to help those beneath. We need a comprehensive strategy to let people rise into the middle class.

The whole premise of supply side economics is flawed, because it presumes that if you give a tax break to the wealthy that they will actually allow any of it to trickle down to the masses.

The way to grow the economy is to put more money into the hands of those who drive the economy - the middle class. The middle class spends money when they have it to spend. This enhances the bottom line of the companies with which they do business, which, in turn, need to hire more people to keep up with expanding demand. 

Under this scenario, Bubble Up Economics, everyone benefits, not just the ultra-rich at the top 1 percent.

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