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Originally Posted by Guest
Trickle down does work, IF congress does not increase the deficit by spending more. Trickle down causes the middle class and lower class to have a better lifestyle, standard of living. But, whenever congress sees more money coming in from higher tax revenues, they go hog wild and start spending like drunken sailor.
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This is a hot button item for me. For 8 years under Bush we kept hearing; Don't call them wealthy call them "job creators". Give the rich, I mean job creators" more tax breaks and it will trickle down to the average Joe. Ya, right. It didn't work with Bush and it wasn't because of increased spending. What did happen was the rich, sorry I meant to say job creators, took their savings from tax breaks and put it into stocks and mutual funds. Not much trickle down with the stock market.
Fool us once shame on you. Fool us twice shame on us.