Editorial: This is just a short blog I felt I had to write and put out there. I voted for President Reagan years ago because he was the best leader at the time to get the U.S. back on track. I'm an Independent voter and generally try to pick the candidates with long range vision that will be the best leaders for America.
President Reagan proved to be the leader we needed at that time in history, but one of the few ideas he pushed that I always had a problem with was his 'Trickle Down' economic approach which heavily favors the wealthy. It made little sense back then and still bothers me today. I prefer the 'Trickle Up' approach which places emphasis on building up the middle class.
Let's all take a closer look at these two different approaches and let me know what you think. It's especially important as we go into the 2012 elections to think about this. Personally, I tend to favor the 'Trickle Up' approach versus the 'Trickle Down' approach.
- 'Trickle Up' Theory - If you legislate to make the working class of citizens prosperous, their prosperity will find its way up and through every other class that rests on it.
- 'Trickle Down' Theory - Tax breaks or other economic benefits provided by government to businesses and the wealthy will benefit poorer members of society by improving the economy as a whole.
As you think about the American Dream and the Future of America, which approach make more sense to you?
* June 15, 2015 - We now know the 'Trickle Down' theory of economics is dead wrong according to latest International Monetary Fund (IMF) findings http://money.cnn.com/2015/06/15/news/economy/trickle-down-theory-wrong-imf/index.html