The Lie About Trickle Down Economics Had The Curtain Pulled Back [View all]

In the 1920's it was called the Horse & Sparrow economy, feed the horse more oats and the sparrows will have plenty to eat.

Reagan changed the name to Trickle Down.

I guess that people weren't aware enough to see that giving the rich and corporations more money wasn't going to be spent on expansions or research and development, it was going into stock buybacks, or in other words, back in their pockets.

What really blows supply side economics out of the water is the movement to AI. Giving corporations and the rich more money is going to go into replacing workers with AI. Wall Street loves AI and the stock market can be booming while unwashed Americans on Main Street will be in lines at soup kitchens.

My dad told me 70 years ago that Republicans are for the rich and Democrats are for the poor. Democrats need to stick with their roots to make sure what my dad told me back then is still true today.