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  • all our lives we've been told a trickle-down economics is the right

  • answer that if we just have all the bandages that tax cuts the ritual

  • trickle down the rest of us

  • and make the rest of us more wealth is well let me show you how

  • didn't work

  • here's the first chart that shows you product really go sky high from nineteen

  • forty seven

  • although a three two thousand eight

  • fantastic but we didn't get all the fruits of our labor there

  • why around nineteen eighty

  • adventure or a conversation that we shall we wait

  • stagnated flat line

  • that men should have gone to the people you or productive

  • but he didn't

  • it went to the top one percent

  • because the rules

  • were set in their favor

  • and not to help us

  • or wages stagnate

  • maybe another chart

  • profits brought g_d_p_ goes up

  • but does that mean the rest of us

  • are getting

  • the help of that g_a_t_t_

  • and that product in the inteligweb our wages stagnate and even falling

  • so

  • the fact of the g_d_p_ might be going up doesn't mean we're getting a beverage

  • guys actually getting paid less

  • that we were before

  • in fact income inequality has gotten so bad in this country

  • that now

  • to pressure you know that he wrote for the world

  • missing in the u_s_ is in purple

  • and income inequality in the u_s_

  • is worse than most of the world

  • the countries that are red art less equal than we are

  • that some parts of latin america

  • southern africa some small

  • nations

  • in issue but the whole rest of the world has better income equality

  • what does that mean

  • that's equality of opportunity that's supposed to be the american dream and

  • the rest of the world list beating us out of life is in our system we believe

  • in this nonsense trickle-down economics now let me show you how that works right

  • it's supposed to be that hey you give all of the rich editor goes out on you

  • in the east

  • middle class lol brackets are also so that

  • brawl because of that

  • but instead of what happened we gave to the rich

  • even if you take them at their word that these were a little bit which i just

  • showed he they didn't

  • the rich dot much richer

  • and that was appointed trickle-down economics

  • the rest of it was all the track

  • and even warren buffet the top investor in the world says hey listen those tax

  • cuts

  • don't mean that we create more jobs

  • now that's nonsense

  • if there is a good investment we're gonna make it any way in fact

  • let me quote worn by before uses

  • i work with investors for sixty years

  • and i get the c_ anyone shy away from a sensible invested because of the tax

  • rate by the potential day

  • people invest to make money and potential taxes have never scare them

  • off

  • they've been lying near the whole time all give the rich more tax cuts and

  • they'll create more jobs

  • they havent

  • it doesn't work that way the top investor in the world tells you that

  • in fact we know look at the numbers

  • when we increase taxes under bill clinton

  • we wound up getting twenty three million jobs there are other factors but yes he

  • also invested in the middle class invested in education opportunity

  • twenty three million jobs in the bush years

  • we cut taxes on the rich

  • we have all the advantages of top one percent what happened in those eight

  • years about a million jobs that's it

  • twenty three a one

  • and of course we lost that million jobs in the recession it was created

  • right after he left office

  • we're losing jobs at a rate of about seven hundred and fifty thousand

  • so when you take a ten years

  • that we'd been trickle-down economics under bush as through obama in the

  • restrictive recession we had a net loss of jobs

  • trickle-down it's not true

  • now there are other

  • investors like nick an hour who is a successful entrepreneur inventor cap was

  • he says book

  • helping the middle class isn't just about helping the middle class about

  • helping the whole country because it helps the entire economy let me quote

  • him

  • he says the problem today's severe concentration awhile than isn't that

  • it's unfair though it might be

  • hillsborough class there man

  • lasting growth doesn't trickle-down it emerges

  • from the middle out

  • and it makes sense

  • because seventy percent of our economy

  • this consumer spending

  • if the middle classes have money to spend well then nobody wins

  • present nobody recognizes and ran a campaign

  • add about it during this election site irony

  • that way you wrote that column in this problem and

  • hyperplane in fighting

  • metaplasia that background

  • uh... la crosse

  • and that's what i've heard

  • now i wish you believe that a little bit more put more into practice but at least

  • he saying the words and we're hoping that it catches on

  • this is true now let me show you how middle on economics works

  • in this case is that a good all the money to the rich

  • and all the advantages to the rich you give it to the middle class but when you

  • do

  • jumps flow down

  • and money also flows up by the way

  • because who's gonna get the money

  • from all the new

  • investments in the economy of course the top is also looking at it

  • but if you don't have the middle class the man

  • you can have a better economy and nobody wins

  • if you're not allowed

  • everybody wins this is the reality this is the system that we have to change to

  • and policies have to reflect

  • middle out economics

  • so don't believe the trick in the light of trickle-down anymore what we need to

  • do as pursue middle and i cannot

all our lives we've been told a trickle-down economics is the right

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A2 middle middle class economics rich class tax

Trickle Down Economics False, Middle Out is the Best Policy

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    姚姚 posted on 2013/07/04
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