Tinkle-Down Economics: I am tired of getting pissed on by the upper 1%!

tinkle down economicsI am so very tired of hearing that same-old Republican mantra about how trickle down economics is the cure for everything wrong in our economy.  You know, the refrain that the Republicans sing every election year about how if we cut taxes even more on the super wealthy, that their money will eventually trickle down to us.

I first heard this nonsense thirty years ago when Ronald Reagan was President.  He told all of us working and middle class taxpayers that if we agreed to lower taxes on the aristocratic stockholders in the United States, that their tax savings would trickle down into the economy and stimulate growth, wealth to us, and more tax revenues to the federal government.  True, the economy did experience a spurt of growth; however, the national debt exploded with such an earth-shattering, tsunami force that it virtually destroyed our economic Richter scale!  By the time Reagan left office in dementia-land, our national debt increased five-fold.  That means, the working and middle classes got stock with the tab of the upper one-percent’s tax holiday, since a deficit is merely a deferred tax.

Now the trickle down economics refrain has been repackaged for our current economic woes in order to sell better.  Rather than say that wealth will trickle down to us if we all reduce taxes even further on the upper 1% (now who in their right mind could be expected to swallow that at this time since we are all losing our jobs, homes, health insurance, etc.), the Republican political candidates and paid spinsters have revamped that trite mantra and have replaced it with the following:  if we reduce taxes on the wealthy and corporations, jobs will be created;  that is, jobs will trickle down like manna from aristocratic heaven, where the rich with their gold toilets go after their earthly existence.  My, my, wonders never cease, do they?

I was talking to my neighbor the other day; he listens to Rush Limbaugh daily:  he is a dittohead.  He told me that a scientific researcher from some PAC 501(c)(4) organization proved that trickle down economics cures cancer!  Wow!  Imagine that:  and I only thought it applied to economics.

I am getting so very tired of this “tinkle down economics” refrain from Republicans, pissing all over my intelligence with this nonsense about how tax cuts for the rich improve our lives at the bottom of the economic ladder.  It’s bad enough they steal our jobs, homes, retirement funds, and gouge us on health insurance, energy, utilities, etc., but do they continually have to insult our intelligence, too, in the process with these ridiculous political slogans and refrains?

The Barefoot Accountant


About Connecticut Politics

William Brighenti is a Certified Public Accountant and Certified QuickBooks ProAdvisor, who operates a public accounting firm, Accountants CPA Hartford, Connecticut, LLC. Bill began his career in public accounting over thirty years ago. He provides a variety of accounting, tax, and QuickBooks consulting services to individuals and business across a wide spectrum of industries. Bill writes an accounting, tax, and QuickBooks blog under the penname, "The Barefoot Accountant". William Brighenti created the blog, Connecticut Politics, because of the need for a voice to cry out loud--Vox Clamantis--explaining the reasons for the terrible state of the economy in the United States as well as urging change and reform before the United States becomes a third world country.
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