Tag Archives: lower middle class taxes
Upward Flowing Economic Prosperity
The Trickle Down Economic theory proposed by the rich has it all backwards. It theorizes that tax relief of the rich will spur them to move their equity around which will stimulate economic growth. Perhaps it will stimulate further economic wealth for the wealthy but it will have little effect upon improving the standard of living for the average wage earner. The greatest factor for economic growth is consumer spending, not individual prosperity or investments. The more people spend on goods and services the greater demand there is for consumables and products. More demand means expanding businesses. Expanding businesses means more demand for jobs. Continue reading
Inequality for All
The other day I viewed the documentary “Inequality for All” by Robert Reich for the first time on NetFlix. I was struck by its similarities to articles I have written in past posts such as The Economic Power of the Middle Class March 19, 2013 and Prosperity is with the Masses September 16, 2013 in terms of the disparity in income between the very rich and the typical middle class as well as the parallel conclusion we both drew that the well being of our economy depends largely upon the ability of a large middle class to spend on goods and services. As a matter of fact our mutual conclusion seems quite self evident so I fail to see why so many people don’t realize this. Continue reading
Posted in Economy, Government, Inequality, Social Issues
Tagged American workers, conomic growth, goods and services, higher upper class taxes, inequaties between the rich and middle class, lower middle class taxes, Middle class, middle class spends, more money for the middle class, rich invest, upper class
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