Saturday, November 10, 2012

Al Sharpton and His Trickle

The election is over, and the American people have spoken; a majority now are fully indoctrinated socialists and want the government to run the economy, and their health care, and to make sure they get their fair share of other people's money (without any understanding of where money comes from).
In the lead-up to the election, Al Sharpton, the thoroughly discredited race-hustler of Tawana Brawley fame, now reincarnated as an MSNBC propagandist for the far left, began appearing in TV ads attacking so-called "trickle-down economics."  Sharpton says, "I first heard it when Ronald Reagan went in, 1980.  We in the twenty-first century.  How long are we gonna wait for the trickle?  I mean we been waiting, and waiting, and waiting.  It never got down to us.  Thirty years later, we got the down, but we never got the trickle."
The concept of trickle-down economics is the improperly named and poorly explained notion that, by providing tax relief to those with higher incomes and greater wealth (Along with everyone else), their resulting increase in prosperity will ultimately benefit lower income earners through economic expansion for the nation as a whole.  It is the leftist's term for supply-side economics, or the simple notion that to encourage economic growth, you should not punish those who create it with high taxation.  While the concept does, in fact, deliver better lives for all, its promoters fail to properly describe how and why it works, allowing political charlatans and demagogues to portray such policies as inherently unfair.
The good Reverend Al has in fact benefited tremendously in the past thirty years.  Falsely accusing people of racially motivated crimes, igniting race riots, and roiling racial tensions across the country have made him a millionaire.  As for the people he claims to speak for -- the so-called poor and disadvantaged -- if trickle-down doesn't work, how are they all still alive?

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