POLITICS - The concept that wealth trickles down is a complete sham.
Yes, technically, money flows in all directions of commerce. But tax cuts for the rich doesn't = the middle class and the poor making more money from "money trickling down" from the wealthy.
In fact its quite the opposite. The rich just get richer.
And the poor get poorer and the middle class becomes poorer too.
The best way to boost the economy is to have low (or almost no) taxes on the poor, have moderate taxes on the middle class and high taxes on the rich. This creates a balanced economy and ensures economic prosperity.
Any politician who tells you "Wealth trickles down." is lying through their teeth and lining the pockets of their rich friends (who no doubt paid for the politicians election campaign).
American, Canadian, Toronto & International News Commentary: Spreading Freedom in the Face of Tyranny
February 8, 2012
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