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overleft

(357 posts)
1. I always thought that trickle down economics meant that the working class was just getting trickled
Thu Apr 29, 2021, 09:35 AM
Apr 2021

on (peed on) from the richer class.

jaxexpat

(6,854 posts)
5. I was watching the TeeVee about 40 years ago when the first big lie got told.....
Thu Apr 29, 2021, 10:30 AM
Apr 2021

Reagan told whoever would listen how, in his world, the economy worked. Needless to say his economic theory had no support from those who lived off paychecks. They had little patience with "complex", circular conversations. The underlying message that those folks DID get, however, was the one about placing blame and justifying hatred for the "takers", those on "welfare", the imaginary evil doers out to steal from you the fruits of your hard work. This, their go-to cover up, has been hugely successful in the years since. It is about damn time somebody stood up and in a position of power call that lie for what it was and is. Revealing in no uncertain terms how the wealthy have reaped rewards well beyond their worthiness or usefulness, gutting our government in the name of reform to leave only the skeleton of a democracy, a facade masking the plutocracy our US has become.

It may be too late. There was no "defeated cause" look on McCarthy's face even while, for all to see, his fraud was plainly being called out. It's, in his mind, still business as usual.

KPN

(15,662 posts)
6. That's exactly why it was a bfd. Forty frigging years of
Thu Apr 29, 2021, 12:50 PM
Apr 2021

defection and deception. Only now is it finally being called out in conspicuous fashion. It may, in fact, be too late as you speculated. Let’s hope not, let’s hope Biden truly is transformational. In the meantime, thank God for the likes of Bernie Sanders, E. Warren, Robert Reich, Paul Krugman, etc., who greased the skids with the American public and fellow legislators over the past 20 years to make this moment possible.

brewens

(13,623 posts)
3. Someone needs to point out how much of our tax dollars go right to the top. It's not just
Thu Apr 29, 2021, 09:51 AM
Apr 2021

about who they take tax dollars from, it's who rakes in all the dough. Many of the 1% are way in the black on our tax dollars. They rake in more than they ever pay out. It's like in the middle ages where the ruling class lived off taxing their peasants.

Look at a corporate office at a defense contractor. Their salary and bonuses are all courtesy of us tax payers. You can say the same of any corporation that does a lot of business with federal, state and local government. Oil companies. We buy a lot of fuel from them for the government and military. You could put an exact dollar figure on just what percentage of their executives income is tax dollars. I bet it's higher than their tax bill.

2Gingersnaps

(1,000 posts)
4. The likes of Paul Krugman and Robert Reich
Thu Apr 29, 2021, 10:09 AM
Apr 2021

have been saying this for years. We fell starving on to these shores to escape feudalism, and then rebuilt it here, particularly in the last forty years.

panfluteman

(2,069 posts)
7. The Core of the Problem, As I See It, Is a Lack of Education.
Thu Apr 29, 2021, 02:36 PM
Apr 2021

Ever since the days of Reagan, which you all speak of, the educational system has constantly been dumbed down. Now, those coming out of our public education system are no longer able to think critically, for themselves - which is what, traditionally speaking, the American educational system was noted for. And independent, critical thinking - in other words, the ability to sort arguments out, pro and con, to discern fundamental truths from lesser truths, or even half truths or outright lies - is the foundation that a healthy, well functioning democracy should be built on. In other words: EDUCATION IS THE IMMUNE SYSTEM OF A DEMOCRACY!

Joe is telling the American public the truth now, but how many will be able to recognize and ground themselves in this truth, and not be taken in by the next snow job put over on them by the next Republican administration, and not get taken for a ride by it? Here's another point: Without an educated public adequately able to discern between truths, half truths and outright lies, our path going forward as a nation will be a very disjointed and schizoid one. Future Republican administrations will continue to push the lie of trickle down economics because they know that they can get away with it. And what will it take, then, for Joe Biden to kill and bury the old lie of trickle down economics so thoroughly that it could never again be revived? Without a well educated and discerning electorate, the answer to that question may be that it's totally impossible. We'd be helplessly tossed about, to and fro, like leaves on a stormy sea.

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