Message Font: Serif | Sans-Serif
No. of Recommendations: 2

Your posts usually make a lot of sense, and this one especially so.

I seem to remember that the economy did best when the middle class thrived. That was during the great Union heyday, but unions are not the only way to get there. Maybe corporate managers could find something to do with the monies besides give themselves raises? Maybe they could lift people out of poverty by focusing on their workers’ paychecks.

Money flowing into the hands of lower or middle class people tends to be SPENT, and that money then allows other people and businesses to spend and/or hire more people to do work, and that allows more money to flow outward, etc. It also benefits retirees, by the way. Like the well-known "ripples in the pond" concept. It all also puts more money into the government coffers, of course, in the form of taxes.

We keep hearing about how the nation's infrastructure is in sad shape and desperately needs a lot of funding -- and work -- to bring it back into shape. However, some politicians immediately claim that pouring money into that is a waste. How? More people working on our infrastructure obviously will improve the country's roads, bridges, etc., to the betterment of all of us, but the workers and supplier will also then have more money to pour back into the economy, buying homes, cars, and other goods, hiring more people -- and even returning money back to the government, in the form of taxes.

"Trickle down" is BS, and most people know it.

Print the post  


What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.