While politicos like to call tax cuts “trickle-down economics”, the real culprit is socialism. The Robin Hood theory of “steal from the rich and give to the poor” sounds noble however, in practice it doesn’t work that way. The political class tax and spend for their benefit first, then some may trickle-down to the masses. Margaret Thatcher sums up the […]
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Socialism – The Real Trickle-Down Economics
While politicos like to call tax cuts "trickle-down economics", the real culprit is socialism. The Robin Hood theory of "steal from the rich and give to the poor" sounds noble however, in practice it doesn't work that way. The political class tax and spend for their benefit first, then some may trickle-down to the masses.
Margaret Thatcher sums up the problem well. Citizens gladly take government benefits as long as someone else pays for them, while politicians of all flavors are happy to oblige.
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