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Sunday, August 12, 2012

Reverse Robin Hood

In this video Senator Bernie Sanders delivers a speech on the topic of extending the Bush tax cuts for the top earners in the US.  This is the "trickle down" theory, which predicts that dumping money onto the top of the economic pyramid will benefit the whole pyramid because the money will "trickle down" through the bottom level of the pyramid.

This is the economic policy that the "neo-conservative" Republicans are trying to extend, which includes Mitt Romney and his running mate, Paul Ryan.

Senator Sanders does an excellent job of illustrating why this is a flawed model for economic recovery:  it literally takes money and benefits from the poorest, most economically insecure people in the country and gives it to the richest, most economically privileged people in the country.


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