Left Wing and Green in a Red State

11 June 2012

What's Romney got to say to this?

So, in the last 5 years the median net worth of a household in the US has dropped 39%, and median family earnings have dropped nearly 8%.  But the people who need the tax breaks are the really the ones in the top 2% because their investments may possibly, remotely, add a few jobs to the economy.  Increasing the income of those in the middle would have a greater, more immediate, impact as companies try to meet demand.  But again we get the myth of the upper class "job creators" instead of support for the demand creators.  And it's this; contest between demand-side (consumer-created) economics and supply-side (corporation-created) economics; where the ideological battle has been fought, and largely lost, by the middle class since the early 1980s.  Companies don't create the market, consumers do.  And the sooner that consumers learn the power that they have and are encouraged to use their power the sooner the "trickle-down" "voodoo" economics of the right will fall and income and wealth equality will begin to swing back towards the balance that made Americans prosperous in the mid-20th century.

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