Back to #2234 - Marc Andreessen, with Marc Andreessen.
When Did Democrats Become the Trickle-down Party?
Marc Andreessen says Democrats became the trickle-down party, especially in the last four years.
For a long time the criticism of the Republican Party was trickle-down economics. Rich people were going to get all the money because they were going to cut taxes, and poor people would get any money only because the rich trickled some down. The pattern inverted. Democrats tax, collect all the money, give it to the government, and let the government hand it out, under a public Robin Hood message to tax the rich. The result is $35 trillion in federal debt, a giant annual deficit, and a shower of grants and money coming from the government.
If the government is giving somebody money, the government can also take the money away. Making somebody dependent creates a tremendous position of power, because pulling the money away can make their life horrible.