Reply #17: According to Reaganomics

[yella_dawg]

"a rising tide raises all boats." Which is the economic justification for "trickle down". Oddly enough, that seems to be true. Historically, when the tide raises the poor and middle class, the wealthy benefit significantly. Unfortunately, "trickle down" attempts to fill the pool from the other end, and the smaller boats get sunk.

That's what amazes me about "voodoo economics". It's proven to be a disaster for everyone, long term, but the right keeps on trying.

Actually, I don't find it surprising at all. There is a rapidly dwindling pool of resources on this planet, and the demise of the middle class insures plenty for the few at the very top. This rising tide is a tsunami with a specific purpose.