Saturday, September 24, 2011

Trickle Up Economics

A funny, insightful piece by Will Durst on what the GOP calls "a class war"...

When taxes are raised on the rich, that's class warfare, but when subsidies are handed out to giant corporations who siphon jobs offshore so that rich people can have more money, that's Trickle-Down Economics. What Barack should do is rename his efforts to balance the playing field, "Trickle-Up Economics." That would at least confuse them. Although after watching the last couple of debates, confusion does not seem to be in short supply.

We're not even allowed to call them rich anymore. They're "job creators" now. And yes, jobs are being created. In Mexico. And Vietnam. And China. The American Dream is alive and well, just not here. It's our own damn fault, really. American workers have ruined everything with their irrational demands for safe working conditions and a living wage. Who do we think we are? Stockholders?

Republicans have been as strident as a looped siren in a stainless steel silo in their opposition to a specific Obama proposal called the Buffett Rule, which calls for billionaires like Warren Buffett to pay the same tax rate as their secretaries. The GOP prefers the Jimmy Buffett Rule, which postulates that anybody worried about next month's rent money- start drinking Margaritas until they pass out.
Read Durst's entire piece here.