I love debating political and economic policy and supply side or trickle down economics simply doesn’t work. Lower taxes on the rich and corporations don’t generate jobs, demand for products and services do. Don’t believe me? How about listen to Nick Hanauer, he’s a billionaire venture capitalist.
I’ve complained about this for a long time and I hate how supply side economics has become the economic orthodoxy because it simply doesn’t work. The Western world has tried this for the last 30 years, since Reagan (and his stupid policies affected the rest of us too) but what I hear from the right is if we just cut taxes enough, then everyone will do better but it’s bullshit.
It’s done nothing but to increase the gap between the rich and the poor and concentrated an immense amount of wealth in the hands of very few to the determent of the rest of us. Anyone who works a full time job should get a living wage, this wouldn’t benefit Maggie or I as we do pretty well already but it’s not about me, it’s about creating more consumers who are the drivers of economies.
I wish people would pay closer attention to the economic policies of political parties because frankly that’s what affects everyone the most.