The wealth wick vs. “trickle down”

[Jaundice James]

For years politicians, as well as big business groups, told us that if the people at the top and big corporations do well, that wealth will “tickle down” and benefit the rest of us. And years after it was proven untrue – after ten years of tax cuts to the biggest and wealthiest only succeed in widening the gap between the wealthy and the rest of us, they’ve learned to stop referring to it as “Trickle Down” economics. Yet, too much political dogma still assumes “trickle down” is an indisputable fact.

Far from it, what we have is a wealth wick or, more specifically, a multitude of them.

The wealthy and big corporations are – and have been for quite some time – wicking wealth from the rest of us up to the top. It’s the source of all our economic troubles. It’s the reason for the income inequality, why we have no jobs, the purpose of outsourcing, the motive of corporate money in politics and the underlying reason for our nation’s debt. It’s all because of the wealth wick. And the more wealthy and powerful large companies become, the more efficient they become at wicking wealth from the rest of us.

http://jaundicejames.com/2011/11/06/the-wealth-wick-vs-trickle-down/

[JHB]

1. No tide rises from the top down. n/t

[wizstars]

3. "A rising tide..."

"...lifts all the yachts--and drowns those who cannot swim."

[saras]

4. "Those who cannot swim" includes everyone with houses, shops, or farms.

ONLY the yacht-owning uber-wealthy survive a tide that rises more than a few feet beyond the norm. All the good land gets flooded out.

[Democrats_win]

2. It's exactly the sort of information we need to demonstrate why we have a beef with Wall Street.