more on trickle-down:
The folks that put words and ideas into the mouth of Ronald Reagan in the economic insanity of the 1980s cut the top tax bracket from 70% down to 50% and then down to 28%. How well I remember Reagan’s budget director David Stockman telling American workers that the tax cuts would stimulate the American economy and benefit the workers.
(...) Cold war profits soared, but the number of people below the poverty level increased from (31.8 million) to (39.3 million) according to the Statistical Abstract of the United States. The federal budget deficit grew from $74,000 million in 1980 to $221,000 million in 1986 and what was called the greatest collapse of U.S. financial institutions since the 1930s left the working poor devastated and facing foreclosures on their homes.
(...) From 1986 to 1989, 296 savings and loan institutions with total assets of $125 billion were forced to close and many workers realizing the American dream of home ownership for the first time lost their homes.
(...) Henry Wallace, vice President under FDR and Presidential candidate then, said back in 1948 "War preparations create record profits for big business, but only false prosperity for the people—their purchasing power shrinks as prices rise, their needs go unfilled, and they are burdened with new debts." He was right then, as Harry Truman prepared for the war In Korea and became the worst trickle down labor president in history, and Wallace would be right today.
(...) Thousands of holocaust survivors living in Israel live in shameful poverty, as Trickle down is a stanchion of Israel’s economy. Some 80,000 of the 260,000 Holocaust survivors in Israel are living under the poverty line, according to the Holocaust Survivors' Welfare Fund.
(...) War profits do not trickle down they land on the workers drip by drip, but inflation keeps them at the faucet trying to survive. Those of us who call ourselves "peace people" do what we can issue by issue.