ECON REAGAN 1985
Holes in my soles, socks, and pockets;
it’s not too bad to be so holey
until I go outside
where everything
has turned to trickledown theory.
The end of the poverty
will fall down so don’t worry
work will come to the laziest jerk.
If real truth had been told,
the real bill of goods sold
was not a guess or theory
but a planned trickleup reality.
I though can honestly swear,
The bastards could clean me out faster
if I only had a few more holes in my underwear.
© M Durfee
12.2.2013
Proponents of tax cuts often claim that savings and investment are essential to the economy, and thus less taxes (for any and all income brackets) need not harm any other income bracket. Economist George Reisman, a proponent of tax cuts, said the following:
Of course, many people will characterize the line of argument I have just given as the 'trickle-down' theory. There is nothing trickle-down about it. There is only the fact that capital accumulation and economic progress depend on saving and innovation and that these in turn depend on the freedom to make high profits and accumulate great wealth. The only alternative to improvement for all, through economic progress, achieved in this way, is the futile attempt of some men to gain at the expense of others by means of looting and plundering. This, the loot-and-plunder theory, is the alternative advocated by the critics of the misnamed trickle-down theory.
Proponents of tax cuts often claim that savings and investment are essential to the economy, and thus less taxes (for any and all income brackets) need not harm any other income bracket. Economist George Reisman, a proponent of tax cuts, said the following:
Of course, many people will characterize the line of argument I have just given as the 'trickle-down' theory. There is nothing trickle-down about it. There is only the fact that capital accumulation and economic progress depend on saving and innovation and that these in turn depend on the freedom to make high profits and accumulate great wealth. The only alternative to improvement for all, through economic progress, achieved in this way, is the futile attempt of some men to gain at the expense of others by means of looting and plundering. This, the loot-and-plunder theory, is the alternative advocated by the critics of the misnamed trickle-down theory.
"Trickle up reality" I will have to remember that line!
ReplyDeleteI was always taught that shit trickles down, not money and jobs. Great post!
ReplyDeleteha. def on the trickle up reality...great line...ugh...what ever dog and pony show gets the people to believe again eh? suckers. all.
ReplyDeleteA good reality check in poetic form. What's not to like about it? Although "like" is the wrong word. I'd much rather not have the cause that underlines the poem's genesis, if you catch my drift.
ReplyDeleteGreetings from London.
Looting and plundering? Yet he seems to have it backwards.
ReplyDeleteTrickle up seems to have turned into a "flood" up these days.
ReplyDeletePlanned. Insidious. MUSt be upended!
ReplyDeleteALOHA to YOU
from Honolulu
Comfort Spiral
=^..^=
The money is all in the wrong places.
ReplyDeleteI don't know what it was that I used to envy about Alan Greenspan.
ReplyDeleteSurely it was his good looks and his careful husbandry of the economy.
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ReplyDeleteYou nailed it, man. Reagan was a Big Nasty Bird from the time he climbed into the *General Electric*pocket and became a Republican. He was a brute as governor of Cali. and a Bonzo of tricks-and-treats as President, with Alzheimer's -- but who could tell the difference?
ReplyDeleteI love your way with words, even if I'm on the other side of the spectrum opinion-wise.
ReplyDelete:)
Sorry about your city and sucker-punched retirees, dude! True Sin. Vomitorium of today
ReplyDeleteMy father called Reagan "ole Grinny" because of his stupid grin. I cannot understand why he is so revered by the dupes because he had no great intellect, but I suppose his B acting was enough for some. Sorry, man, I am not a fan of Reagan.
ReplyDelete