Trickle-Down Economics

What American author and journalist William Blum says here seems correct.

The reason trickle-down economics doesn’t work is that making rich people richer does not provide them with any incentive to hire additional people.

I had over 100 employees at one point in the 1990s, and the only thing that made me even consider hiring one more was that I knew that my delivery unit would be incapable of serving our clients adequately if I didn’t.

I’m not a miser, but in the absence of that pressure, I would have kept my money in my pocket.

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One comment on “Trickle-Down Economics
  1. Scott McKie says:

    Blum’s input “says it all” about the present day Republican Party member doesn’t it.

    The hilarious thing about it – is that a great percentage of Republicans – eat scraps!
    They’ll never see “riches” – unless they win the lottery

    Go figure.