twofaced.jpg (1919 bytes)George W. Bush Is Manipulating Us
          "Teaching The American People How To Take Back Their Government"


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Trickle Down Economics For Dummies

bushnose.jpg (4765 bytes)(5/18/2005) The "trickle down" theory is just another phony excuse invented by the Republicans to justify giving tax cuts to the rich. This theory says that if you give big tax cuts to the wealthiest people in our society some of that additional wealth will trickle down to everyone else. But, what happens in reality is that these wealthy individuals don't spend that money, they don't give it way, they don't invest it with small investors, but they do use that money to buy more stocks, bonds, and real estate, and not necessarily in America. In other words, they just horde that money and nothing trickles down.

The trickle down theory is a lot like the Republicans "Laufer Curve" that was developed under President Reagan. The Laufer Curve claimed that if you cut taxes tax revenues would increase. That's like saying, "If you take a cut in pay your overall income will actually increase.", and that is obviously absurd. But I'm sure the rich were laughing all the way to the bank.

steveforbes.jpg (6867 bytes)Steve Forbes was recently in Dallas selling his "flat tax" idea, which is just another regressive tax plan designed to benefit billionaires. He claims that the poor won't have to pay any income taxes under his plan, and the middle class will get a tax cut. So I guess that means the rich will pick up the tab; I don't think so. If hearing an inheritance rich billionaire begging for a tax cut wasn't so pathetic it would be laughable.

The Republicans will make any excuse or tell any lie to trick the American people into believing that tax cuts for the rich are really good for them. In other words, they are all just a bunch of lying, greedy con-men who are whoring themselves for a handful of mega-rich fascist pigs and they don't care one ioda about us.

The reality is that tax cuts for the rich are very very bad for 99.9% of the American people. Tax cuts for the rich make our tax system even more regressive than it already is, and this undermines our democracy because it allows the concentration of wealth, opportunity, and rights into the hands of fewer and fewer people.

Our forefather created a highly progressive tax system in order to protect our democracy from a group of wealthy individuals, the Robber Barons, who were trying to undermine it so that they could have more wealth for themselves. Our forefathers wisely put in place a highly progressive tax system before these Robber Barons were able to buy up every inch of land in America. Had they not done so our economy and society would be a mirror image of the economy and society in Mexico.

bushdebt.jpg (10569 bytes)In Mexico the system of government is completely corrupt because all the land is owned by about 40 families and everyone else lives off their crumbs. That is why millions of Mexicans seek across our borders every year to find jobs in America.

Our government currently has a debt of over $7.8 trillion dollars and George W. Bush has it rising by around $.7 trillion per year. Interest cost on that debt is over $1 billion per day, and it is only that low because interest rates are low. Who is going to repay that debt? Who is paying the interest cost of that much debt? How much more debt can our government take on before its bankrupt? How high do interest rates need to rise before our government is insolvent?

jobs.jpg (4061 bytes)The Republican party is planning on making the middle class pay that debt over the remainder of human time. That debt is just a tool that is being used to allow the wealth of America, our government's real estate assets and national treasures, to be transferred from our government to the wealthy elite. This plan works by running up such huge national debts that it will be necessary for our government to sell off it's assets to meet it's debt service obligations; interest payments. Once these assets have been sold off for pennies on the dollar, assets that really belong to all the American people, a small number of super wealthy families will have complete ownership over everything in America and the rest of us can learn how to live like Mexicans; poor and with no government representation and no social safety nets.

Based on what I know about these wealthy fascist pigs, who are behind this treasonous plan to bankrupt our government, we will be in much worse shape than the people who live in Mexico. These treasonous criminals are ugly, cruel, and cut-throat. Their greed and paranoia will turn our lives into a living hell.

meathookss.jpg (11732 bytes)The bottom line is that Bush and the Republicans in Congress have become the ruthless whores for a small group of trust fund mega-rich kids and their shyster lawyers/fund managers who are conspiring together to rob our government and undermine our democracy so that they can have more wealth, and total power over our government and legal system.

The question we must ask ourselves is, "Are we going to take it, or are we going to fight?". Should we be willing to die on our feet rather than live on our knees? If we are going to fight we need to start right now, because their plan is designed to continue to weaken our ability to fight back.

If these fascist succeed in robbing our government and transforming our democracy into a plutocracy, which it looks like they will, we must make sure their victory is bitter sweet by holding them accountable in a fashion that is as ugly as they are.

Pigsburn.jpg (52587 bytes)Personally, I say "Hell yes, lets fight these thieving fascist pig bastards because hell is where they belong.", and the sooner the better.


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© Copyright for the GWB Is Shameless is by Chris M. Fick 2004, Frisco, Texas (Updated 03/28/2007)