Editorial: This is just a short blog I felt I had to write and put out there. I voted for President Reagan years ago because he was the best leader at the time to get the U.S. back on track. I'm an Independent voter and generally try to pick the candidates with long range vision that will be the best leaders for America.
President Reagan proved to be the leader we needed at that time in history, but one of the few ideas he pushed that I always had a problem with was his 'Trickle Down' economic approach which heavily favors the wealthy. It made little sense back then and still bothers me today. I prefer the 'Trickle Up' approach which places emphasis on building up the middle class.
Let's all take a closer look at these two different approaches and let me know what you think. It's especially important as we go into the 2012 elections to think about this. Personally, I tend to favor the 'Trickle Up' approach versus the 'Trickle Down' approach.
'Trickle Up' Theory - If you legislate to make the working class of citizens prosperous, their prosperity will find its way up and through every other class that rests on it.
'Trickle Down' Theory - Tax breaks or other economic benefits provided by government to businesses and the wealthy will benefit poorer members of society by improving the economy as a whole.
As you think about the American Dream and the Future of America, which approach make more sense to you?
* June 15, 2015 - We now know the 'Trickle Down' theory of economics is dead wrong according to latest International Monetary Fund (IMF) findings http://money.cnn.com/2015/06/15/news/economy/trickle-down-theory-wrong-imf/index.html
can you post details of trickle up theory
ReplyDeleteObviously the Trickle Up theory makes more sense. Possibly the trickle down theory could of work in another time in history. Possibly when communication and transportation wasn't as advanced. The thing is we live in a time, where the wealthy do not have to depend on their neighbors to succeed and that is strictly what the trickle down theory is about, Your fellow neighbor. Bill clinton smashed Reagons Theory when he passed the free trade laws. The trickle up theory works, but obama is not practicing it like he should. His jobs plans are made of majority projects. Projects that have a scope. A beginning and ultimately a end Hints why the economy was doing good temporary. Because those projects are gone. And he intentionally made that plan and he knew they weren't going to last long. What obama did was only a jolt , to boost the economy. If obama wants to create jobs, he will have to collaborate with the republicans. Obama must lower the minimum wage, to bring jobs back in to the U.S.
ReplyDeletehttp://www.thefreemanonline.org/columns/the-minimum-wage-good-intentions-bad-results/
The 'Trickle Down' theory of economics is dead wrong according to latest IMF findings http://money.cnn.com/2015/06/15/news/economy/trickle-down-theory-wrong-imf/index.html
ReplyDelete