Reaganomics, Liberal Style

We once heard about “Trickle Down Economics”. The theory advanced by Presidents Reagan and Bush was if American businesses did well by selling more products and services, they would need more employees -- creating more jobs which in turn would expand and grow our economy. Conservatives did this by cutting tax rates and passing business friendly legislation. TDE simply stated was if those at the top of the economic ladder did well, it would benefit everyone by passing the increased wealth down the economic ladder. And for all of its critics, trickle down economics worked.
But our new President has a different theory. I refer to it as “Trickle Up Poverty”. As he explained to Joe the Plumber, you simply “spread the wealth around” which is to benefit everyone. I guess it’s an OK idea, until you run out of wealth - which you eventually will from punishing the very people who create it by raising taxes and passing legislation unfavorable to business. Trickle Up Poverty is where you keep taking wealth away from those that earn it and give it to those that didn’t. And over time, those that create the wealth and jobs will layoff employees, close their doors, or move to more business friendly countries and leave the United States for greener economic pastures. In the end, overall wealth in our country will decrease until there isn’t much wealth left to “spread around”. That leaves us all on a march towards a collective level of poverty -- and perhaps that's the goal.