Monday, February 28, 2011

Scrap Trickle-Down

Let's face it: Corporate fatcats are not going to share the money they stole from productive workers. Well, they share some with politicians and the media, but none makes it back to the population, except maybe in the form of unemployment checks.

Trickle-down doesn't work. Executives and Board Members don't have the discipline to see that the companies, workers, and America thrives. It's time to give these Corporate fatcats an excuse to not take home giant paychecks: a 90% sin tax on all income over $2million/year.

The problem is, the media and politicians are bought-and-paid-for, but think that they are witnessing trickle-down in action: "We gave tax cuts, and now we are selling more ads. Hooray, trickle-down works." But it doesn't.

But the Media wakes up in the middle of the night and thinks, "If we suggest that Executives need a salary cap, they might not buy ads anymore. Let's take a softer approach to trickle-down." The Politicians wake up in the middle of the night and think, "If we suggest that Executives need a salary cap, they might not contribute to our campaign coffers anymore. Let's take a softer approach to trickle-down."