Friday, May 6, 2011

Trickle-Down: Kakistocrats Micturating on the Rest of Us

MSNBC has been consistently pretty good about exposing the evil and psychotic BIG LIE that is 'trickle-down' economics, but they (and everyone else) have, for some reason, omitted to make the simple arithmetic observation that's most definitively damning of conservative klepto-reasoning (which is also why the TVA *worked*): If you give away a trillion dollars, not to billionaires, but to ordinary, unemployed people to do, say, repair of the infrastructure for a year, at $50,000 a person, you can create 20 MILLION such jobs, and probably another 20 million to provide services to all those newly-employed people. By contrast, consider how many new jobs Bush's tax cuts created. NONE. They merely tanked the economy. Giving a trillion dollars to billionaires, by means of insane tax cuts and demented subsidies to inconceivably rich corporations and people, demonstrably creates NO jobs, but merely encourages them to play yet more economic power games, while continuing to ship existing jobs overseas.

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