Tag Archives: very rich

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 →