February 8, 2015 by Chris Kite
Ted Cruz is trying very hard to blame the increased wealth gap on Democrats. It probably isn’t a bad strategy. It is a complete and total lie, but then most of the Republican’s policy positions are. And they’ve been pretty successful continuously telling lies as if they are true and getting a sizable portion of the American public to believe them. Trickle down economics anyone?
A closer examination reveals that the income gap started growing in the early 1980s. Maybe a little history is necessary for Mr Cruz and his party, but that was when Reagan started the trickle down economic policies that have created such a huge economic divide in this country. Now they call the rich the “job creators,” but nothing has really changed in their policies. Give the rich lower taxes, take away regulation, bust up the unions, and the middle class will do better right along with the rich. Only thing is, while the rich have been getting richer over the past 35 years, the rest of the country has not.
All one has to do is look at a graph of income growth over the past 40 years and the change is startling. Right around the time Reagan became President and the GOP started their long hard assault on higher taxes for the rich and fair pay & working conditions through unions for the rest, income for the rich starts to grow. But guess what? It doesn’t grow once you get to the lower salaries. Hmm . . . I wonder why this is?
Perhaps when you cut taxes on the rich they don’t hire more employees. Perhaps when you destroy unions the pay of the average worker begins to take a hit. You see, the true job creators in this country are the middle class and poor. They buy products that create demand the cause hiring to take place. No one is hiring anyone without demand for their products and services!