Trickle Down Economic Bull

The United States is not a nation of capitalists. It is a nation of wage earners with a tiny minority of capitalists.

The only genuine capitalists — individuals who can live entirely from their investments — are a minuscule minority in the U.S. and all other so-called capitalist countries. Having a modest amount of retirement money in a mutual fund does not make anyone a capitalist except in the Wall Street Journal’s Op-Ed pages.

For the foreseeable future, few Americans will derive any significant income from capital gains during their working lives, just as few will derive more than a small portion of their retirement income from sources other than Social Security including 401K’s. Right-wing propaganda about an emerging “capitalist majority” to the contrary,

America is and will remain a nation of wage earners dependent on paychecks and public social insurance like Social Security and unemployment insurance. To accept otherwise is self-delusion.

Trickle down economics …now that’s a load of bull. About the only thing about to ‘trickle down’ is more hours and less pay.


About Gringo Bush Pilot

Retired process and systems manager; itinerant aviation devotee; and real estate investment loan officer. In short, an American economic refugee, retired in Asia.
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