Excellent video - but don't forget to read the article itself, which is also quite informative.
In a charmingly animated video, one of the artists behind the Simpsons and Family Guy illustrates why, with words from President Obama, trickle down economics is a failed experiment.
Here’s the video:
Trickle down economics, supply side economics; both code for social engineering or wealth redistribution. The goal is to concentrate wealth in the hands of the already wealthy.
Trickle down economics is a deliberate attempt at not just directly lining the pockets of the wealthy, but of taking money out of the pockets of the majority of tax payers. If you think for one moment that a broke government is an accidental byproduct of trickle down, you’d be wrong.
Advocates of trickle down are largely followers of economists trained by the Austrian or Chicago School of Economics. In a very simple nutshell, the goal is to make the government so broke it can no longer sustain itself and it will be forced to sell, literally. Every single government service, including the military, schools, trash collection, prisons and even tax enforcement will be auctioned like Great Grandma’s jewelry. Social Security will be put into the stock market and some services, like police and fire protection, will be provided only to people who can afford to pay. Some, like prison, will be provided to people who can’t afford to pay. The rich will continue to get richer. Average pay scales will be driven down and the poor will get very much poorer.
Advocates of trickle down often cite the economic “successes” of the brutal Chilean dictator, General Augusto Pinochet. Under Pinochet’s rule, the rich did get richer and overall, the country got richer, but on the backs of the working class. Wages fell. The poor got dramatically poorer and the inevitable civil unrest was controlled with mass imprisonment, torture and even murder. At one point, nearly 35% of the country was unemployed.