Do Liberals and Democrats Demonize Wealth?

A recent Left Call commenter said, “What I totally don’t understand about you liberals, and Democrats in general, is how you so easily demonize the wealthy. I just don’t get it. You think that the Republican Party is just for the wealthy? That Conservatives are rich people alone?”

• • •

You are poor because you aren’t working hard enough

Yeah, I said it. You are poor because you aren’t working hard enough. You find yourself in poverty because you lack the work ethic of the rich and successful. You are a freeloader if you are on food stamps or unemployment insurance. Why don’t you get off your ass and find yourself a job already? I’m tired of your whining. I’m tired of my tax dollars being used to support your sorry ass. Stop being a drain on society and make something of yourself. You live in America, home of the American dream. If you aren’t wealthy, you only have yourself to blame.

• • •

Video: ‘Death Spiral Of Falling Demand’ – Venture Capitalist Nick Hanauer On Viewpoint with Eliot Spitzer

Venture capitalist Nick Hanauer explains why people create the demand which then creates the jobs. He says he makes 1000 times more than the average worker but that doesn’t translate to 1000 times the consumerism of the average worker. He can’t makeup the difference. So with more wealth accumulating within a small pool of wealthy people, that means less wealth spread across the rest of the country. It means less purchasing power and less demand for products and services from tens and hundreds of millions of Americans. This is why supply side (trickle down) economics doesn’t work. We’ve tried it for 30 years. How many more years do we need to continue failed economic policy before we wake up and realize it will never work?

• • •

Supply Side (Trickle Down) Economics Doesn’t Work. Can We Move On Now?

This topic will never die on The Left Call, at least not until people stop believing the lie that is trickle down economics. This idea that we need to give rich people more money in the form of tax cuts before they will create more jobs would make for a nice laugh if it wasn’t so damaging to the country and to the prospects of income and wealth equality. And when I say equality, I don’t mean totally equal, I’m talking about getting back to something more reasonable, a time when CEOs only made 30 times the average worker instead of 300 times.

• • •