The lefties here frequently mock "trickle down economics" as the cause of our slow economy. So what is trickle down economics? I want to hear an explanation. Snarky responses like "it's what the GOP believes" will be thrashed soundly.
Trickle is easy to understand, hence it's "appeal" to the Republican base. The problem is it is riddled with so many "suppositions" that without one of the suppositions working as expected, the entire scam falls completely apart.
Broadly speaking, it's assumed that if you shovel money to the already rich (or as it is properly called "redistribute the wealth of the nation to the top 1%") in the form of tax breaks, free water, free land, deregulation, subsidies and corporate tax breaks, with the "extra money", they will create jobs or spend it on large ticket items like yachts and estates. They will spend the "extra" money and it will "trickle down" to the rest of us and that will fund jobs and create a vibrant middle class. To a simple mind, it really is "just that simple".
Now for the reality:
1. There are hundreds of millions of Americans living in this country. There simply isn't that much "trickle".
2. What if they buy Italian Yachts and their new "estate" is in Spain? That doesn't help us here.
3. What if they decide to save and not spend. That money is now out of the economy.
4. Most jobs come from small business and not the super rich. So how does throwing money at them help the country.
5. What if the corporations build their new plant overseas. (like the millions of jobs lost and the 43,000 factories closed from 2001 to 2008).
6. The foundation of all reputable economies around the world, "supply and demand", for Republicans it is a wild liberal theory that has no part in "trickle down".
Just a few minutes and I've completely torn apart the GOP's entire economic strategy. That's what happens when you rely on "simple" in a complex word. To believe in the nonsense of "Trickle Down", you would most certainly have to be a "simpleton".
And yes Virginia, it really is "just that simple".