Trickling Down

Well it is a momentous day indeed. The Donald has released his tax plan, and wonder of wonders, it provides for a massive tax break for the rich. Somehow, the Republicans are thinking that the Reagan “trickle down” economics will still play well with the voters.

Ironically, the term “trickle down” didn’t begin with the Republicans, but with my favorite Democrat, Will Rogers. Rogers said during the Great Depression that, “money was all appropriated for the top in hopes that it would trickle down to the needy.” It’s kind of like hoping that so much money will get stuffed into the fat cat’s pockets that some of it will fall out of their pockets for the poor to pick up.

I prefer higher taxes for the rich. It certainly worked during our last good Republican president’s day. During the Eisenhower administration, the rich paid up to ninety four percent. This period of high taxation for the wealthy gave rise to the largest growth period in U.S. history, and the rise of our middle class.

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