Joe Scarborough said on Tuesday that the working poor love Trump because Republicans have lied to their constituents for the last thirty years that wealth will trickle down to them if we help the wealthy by cutting taxes.
This is not the first time Scarborough as said something similar. Check out this video at https://grabien.com/file.php?id=44198.
Of course we don’t need Scarborough to tell us this. Just look at the chart below.
This is called the “Wealth Gap.” Click Here for another example of the wealth gap. As the chart shows the wealth gap has continued to widen over the last three decades, resulting in the top 1 percent owning more the nation’s wealth than the bottom 50 percent of the population combined.
“The problem with the Republican Party over the past 30 years is they haven’t — and I’ll say, we haven’t — developed a message that appeals to the working class Americans economically in a way that Donald Trump’s does,”
“We talk about cutting capital gains taxes that the 10,000 people that in the crowd cheering for Donald Trump, they are never going to get a capital gains cut because it doesn’t apply. We talk about getting rid of the death tax. The death tax is not going to impact the 10,000 people in the crowd for Donald Trump. We talk about how great free trade deals are. Those free trade deals never trickle down to those 10,000 people in Donald Trump’s rallies.”
And then he comes right out and says it doesn’t work.
“But herein lies the problem with the Republican Party. It never trickles down! Those people in Trump’s crowds, those are all the ones that lost the jobs when they get moved to Mexico and elsewhere. The Republican donor class are the ones that got rich off of it because their capital moved overseas and they made higher profits…What we’re finding this year is, they’ll even support a guy who says Planned Parenthood is good if he comes with an economic approach that they feel could actually help them more in the future.”
Here’s the video via YouTube:
Of course, Scarborough is right on target.
Trickle down economics is a failed economic policy. Period. End of sentence.
As long as the Plutocracy controls the levers of power they will continue to manage the system so they get more wealth. Just as in a poker game, wealth will eventually accumulate in fewer and fewer hands, so to will wealth accumulate in fewer and fewer hands in a totally free market.