History wasn’t supposed to be an academic subject we learn in school and promptly forget. I am always a bit pixelated by people who tell me that there’s nothing in the past that means anything to them. They are inevitably the same people get twisted up in something they could have (easily) avoided if they knew some history.
Let’s take the old “trickle down” theory of economics. It has been tried by I don’t even know how many conservative or Republican administrations. It has never worked. That’s because it doesn’t work. It can’t work. It’s one of those theories that presupposes that the people involved will intentionally do “the right thing.”
That extra money will be reinvested in the business and used to pay employees better and hire more people.
They take the money as a bigger salary for themselves and other top-level administration. They use the rest to pay bigger dividends to investors and as often as not, cut staffing, lower salaries, and these days, move the entire business to a less expensive economic environment. The thing they never do is raise salaries for current employers and hire more people.
Good question. There was a time when that is what businesses did. They believed in America. They weren’t any less greedy or rapacious than the current bunch, but they were patriots too. They believed in the United States, trusted Americans to produce high-quality work. They also thought high-quality work mattered.
These days, greed is what’s left but without the patriotism or dedication to producing quality work. They don’t care whether what they do strips the land, destroys anyone living in the area, or is lethally poisonous. As long as they make an extra penny per whatever, that’s good enough.
Most of these “old time” rich people eventually turned to philanthropy. They did care about America and once they’d wrung every penny they could get from whatever industry they built, they thought it was their duty to “pay back” the country.
These days, most of the super-rich have no allegiance to anyone or anything but themselves. They think if we aren’t rich, we’re trash. That’s exactly how they treat us.
If you work harder at your job, they will fire someone else and you will get twice the work. I eventually learned to never let them know how quickly I could work because I never got a raise or a pat on the back. I just got more and more work. In one job, I started out as the junior writer in a department of five.
By the time I left, I was the junior writer in a department of me alone. Everyone else had quit or been let go. I still hadn’t gotten a raise or promotion. I did what five people had previously done. Nothing trickled down.
That was the last time I let myself work full-speed.
And that’s why trickle down is a pile of horseshit. Nothing trickles down. The guy at the top keeps it all and laughs as they haul his money to a Caribbean island while he avoids paying any taxes. To anyone.
If anyone reads history, the story of economics in this and every other country will assure them this isn’t going to work because it never has. It never will.
Meanwhile, a pile of damn fool voters will believe the bosses who promise they will make it better — yet never understand why they keep getting poorer.