Trickle down is logically inconsistent. If you were given a raise at work and you were paying someone to mow your lawn or clean your house, would you give them a raise just because you had more money? Would you hire more people to help them when they were already doing an adequate job? Neither will the 1%ers. They will only hire more people if they can sell more product than they can produce with the current staff. The only way that demand will increase is that more people have more money to spend. Giving middle class people more money will increase jobs, because they will spend it, not hide it in the Caymans. That requires more hiring, and those people will then also have money to spend, so the whole economy prospers. Trickle down has never worked and never could. Trickle up however is good for everyone, including the 1%ers.
September 20, 2017