Eye of Horus
Well-Known Member
I agree that a correction is likely to occur soon.
But with respect to trickle down, I think it works in the system that was in place (but no longer) when Reagan made it famous.
In the early 80 ' s we still made stuff here. Now we don't. So the wealth, as anyone can see, is going to places like China instead of the American people.
Free trade with nations that manipulate their currency and practically use slave labor is the main reason we are where we are. Trickle down worked just fine when in a time when we made stuff in America.
Two things that would help...
Massive tariff on goods imported from slave labor countries.
Reinstatement of the 95% top marginal income tax rates for incomes over, say $100 million, regular earned income or otherwise.
I think I would jump off a bridge with joy if they did that.