TRICKLE UP [excerpts from the upcoming The Rude Guy podcast #53]
For someone like me, who has been raving about TRICKLE UP economics for decades, it is with great pleasure I report to you what our new president Obama had to say in his first budget report in February 2009. Sez Obama:
“The past eight years have discredited, once and for all, the philosophy of trickle-down economics—that tax breaks, income gains, and wealth creation among the wealthy, eventually will work their way down to the middle class. In its place, we need economic opportunity to TRICKLE UP.”
Did ya hear that? TRICKLE UP!
Still talking about Trickle Down, continues Obama:
“It’s no surprise, then, that wealth began to be ever more concentrated at the top. By 2004, the wealthiest 10 percent of households held 70 percent of total wealth, and the combined net worth of the top 1 percent of families was larger than that of the bottom 90 percent. In fact, the top 1 percent took home more than 22 percent of total national income, up from 10 percent in 1980.”
Can you believe it. The richest 1 per cent of Americans own more than the bottom 90 per cent?
Eat the rich!
The issue here is: when are Americans gonna finally get mad at the rich people? It’s long overdue. We should be enraged at bankers. Hedge fund managers should be shipped to Paraguay to raise bees. Stockbrokers should be cleaning up oil spills with teaspoons. Society babes should be forced to make sandals, from old tires, for people with no shoes. But what do we hear on corporate media? Rush Limbaugh hopes Obama will fail. Fuck Limbaugh. Limbaugh should be dragged by his heels though shark infested waters.
I wanna see rich people stripped of all wealth above 10 million dollars. Let’s start with that. No more foundations and 401Ks to hide money from taxes, so poor people have no food or shelter. Screw non profit corporations. Non profits feed off corporate profits and inevitably hew to the corporate rich people’s agenda.
Let’s get MAD. Really really mad! We know whose fault this is. Rich people. They caused it. Rich people. It’s time for them to pony up to fix it. All over the planet. The pollution and health problems they caused all over the planet, ripping up gold and copper and oil. The pain and suffering they’ve caused here. Working people’s wages have been dropping ever since Ronald Reagan took office. We make less money now, adjusted for inflation, than we did in 1980. The lower middle class has joined the lower class. The working poor.
It’s greed, it’s Limbaugh, it’s Reagan, it’s Milton Friedman’s free market bullshit. It’s rich people all over. Bullshitting the poor. Stealing from the poor and giving to the rich.
Rich people must go. Greenland sounds good. Paraguay too. Siberia has always been a perennial favorite. Either pony up, or get the fuck out of America. We need you like we need the plague. And maybe if things get bad enough we’ll just eat you. Yeah, that’s it.
Eat the Rich!
They taste great with mayo and barbecue sauce. Eat the rich!
And may god help you to be the person your dog thinks you are.