Economics

I agree with those economists who insist that “trickle down economics” does not strengthen the economy.  (Didn’t we learn that during the Reagan presidency in the 1980s?)

“Trickle down economics” insists that by making the rich richer, those wealthy folks will take the extra money and invest it in business and manufacturing to create jobs for the middle and lower classes.  Facts show that, although this is slightly true, the wealthy invest most of the extra money in their already fat portfolios.  On the other hand, “trickle up economics” posits that if the middle and lower economic classes are given more disposable income, they will spend it, thus creating a need for more goods and, therefore, more jobs as well as increased profits for the big companies (i.e., the wealthy folks).

The economists with whom I agree don’t seem to make a lot of noise, but at least one cartoon artist is on our side.  Yeah!