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McCAIN'S TRICKLE DOWN REDISTRIBUTION PLAN, A PROVEN FAILURE


http://en.wikipedia.org/wiki/Trickle-down_economics

"Trickle-down economics" and "trickle-down theory," is the economic-political argument that the increases in the earnings of the rich are good for the poor because some of those additional earnings will benefit the middle class and the poor through increased spending, investment, and job creation."

 

http://en.wikipedia.org/wiki/Trickle_up_effect

"The trickle up effect is an economic theory used to describe the flow of wealth from the poor to the affluent; it is opposite to the trickle down effect.
The trickle up effect states that benefits to the wealthy will be realized due to an increase in sales relative to the amount of benefits that are given to the poor. The trickle up effect argues itself as more effective than the trickle down effect because people who have less tend to buy more. In other words, the poor are more inclined than the wealthy to spend their money. This being so, proponents of the trickle up effect believe that if the lower and lower-middle classes are given benefits, such as tax breaks or subsidies, the increased funds would be spent at a much higher rate than would the upper class, given similar fund increases. Furthermore, the trickle up effect argues, many upper-class individuals do not spend their entire yearly salary to begin with, which is an indication that they will not spend any additional funds. Instead, they will save additional funds, thereby withholding those funds from the economy and increasing the gap between the rich and the poor. The trickle up effect avoids this pitfall by giving more money to those who would be more inclined to spend it."

There is a choice. Do we want to continue Bushes type of wealth creation, hoping it will trickle down?

You now see the results. Hoarding at the top. Do you see much job creation?

4 Comments

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Trickle down... isn't that a kind of 'resdistribution of wealth'? LOL!

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Absolutely,

“You can fool some of the people all the time, and those are the ones you want to concentrate on.” G W Bush

“There's an old saying in Tennessee - I know it's in Texas, probably in Tennessee...that says, fool me once, shame on...shame on you. Fool me...you can't get fooled again.” G W Bush


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Trickle down is wonderful political policy, trickle up is wonderful GOVERNING POLICY. As long as you don't cripple the big businesses(like Carter did) and stunt development trickle up can be very effective.

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I like your Homer X-ray

I wish the Congress before the election, would promote Trickle UP

Contrasting the differences between the candidates, with a simple comparison and terms Trickle Down or Trickle Up.

Down as in the economy and market are down. Or would you prefer Trickle Up, like a rising tide raises all boats, with trickle up the market could go up.

To me trickle up was always the right prescription.

I read this post awhile back and I approve this message.

"Without individuals having money to spend there would be no business.
This credit crunch should tell you that.
We could always go back to the day when we were an agribusiness society when we didn’t need the wealthy, the innovative, the entrepreneurial, and the risk takers. To provide for our families, then you can see who needs whom.

When consumers have money, they in turn want to buy products. To make those products manufacturing occurs, and the cycle continues.

Henry Ford told us years ago, if he didn’t pay his workers good wages, they wouldn’t be able to buy his cars."

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