It is high time we bid adieu to the failed economic concept known as trickle-down economics. In its essence, this theory posits that by enriching the wealthy, their prosperity will eventually “trickle down” to benefit the rest of society. However, as we have witnessed over the years, this approach has only served to widen the gap between the rich and the poor, leaving the majority of the population struggling while the top echelon continues to amass wealth.
The recent unveiling of President Biden’s populist budget signifies a bold step towards dismantling the legacy of trickle-down economics. By focusing on measures that seek to uplift the middle and working class, such as childcare subsidies, we are finally seeing a shift towards prioritizing the needs of the many over the few.… Continue reading
Corporate greed is a term that is increasingly being recognized as a major cause of inflation, and it’s about time. The fact that 53% of the inflation was due to COVID-19 price-gouging is not surprising, considering the record-breaking profits that corporations have been boasting about. The stock market reaching all-time highs, while every good and service has increased in price, is a clear indicator that something is amiss.
As someone who works for a telecommunications company, I can firsthand witness the economic adjustment charges that are being added to customers’ bills, despite the fact that these have nothing to do with inflation.… Continue reading
Disillusioned Americans are losing faith in almost every profession. It’s a troubling reality that seems to be growing more apparent with each passing day. People are becoming increasingly skeptical of those in positions of power, whether they be politicians, CEOs, or even journalists. The trust that was once bestowed upon these professionals is eroding, leaving many feeling disillusioned and betrayed.
One of the primary reasons for this loss of faith is the blatant disregard for the majority of citizens in favor of catering to the wealthy elite. Just under half of the country wants to continue to cut taxes for the wealthy, eliminate the minimum wage, and remove regulations that protect the average worker.… Continue reading
Half of recent US inflation is due to high corporate profits, according to a recent report. This finding reinforces what many of us have suspected for a long time—that unchecked corporate power and greed are major contributors to rising prices and the financial burden placed on everyday Americans. It’s time we address this issue head-on and demand that our government take action to reign in price gouging and protect consumers.
In our current economic landscape, where competition is often non-existent and collusion among corporations is a common practice, it’s no wonder that prices continue to soar. The government has failed to regulate industries effectively, allowing corporations to dictate prices without any consideration for the well-being of the people they serve.… Continue reading
What’s funny is you’re right. Trumps tax overhaul (while OVERWHELMINGLY helping the rich, especially by lowering the corporate tax rate to 21%).
It did also help middle class people by raising the standard deduction and reduced tax brackets somewhat.
But oh no, the business benefits are permanent while the middle class benefits expire in 2025.
What’s that? The only reason the middle class got anything at all was that Democrats threatened to filibuster at the time.
Again what have republicans done for the middle class that you or anyone would believe they are on anyone’s side but the very rich?
When lower class people get money, they spend it.… Continue reading
John Q. Hosedrinker 
Matt Underwood