Reich: Trickle down economics doesn't work

Its theory literally comes from the notion of eating shit. Which is pretty much what the rich are telling us.

"If you feed the horse enough oats, some will pass through to the road for the sparrows."

Reich discusses a new study by David Hope of the London School of Economics and Julian Limberg of King’s College London which notes that "tax cuts for the rich widened inequality without having any significant effect on jobs or growth."

Reich notes that the alternative is a return to "build up economics." 

"Build-up economics reached its zenith in the decades after the second world war, when the richest Americans paid a marginal income tax rate of between 70% and 90%. That revenue helped fund massive investment in infrastructure, education, health and basic research – creating the largest and most productive middle class the world had ever seen."

Creating wealth from the bottom up also creates wealth at the top. Just not as much as screwing over everyone else. The wealthy have to learn to live with less than their greed demands and be satisfied with still being rich but with an investment in the rest of society. It's a turn away from personal sickness toward social health. I know, how awful.