- It is my theory that the Republicans that were trained since the 1800 hundreds By GE, the master of making billions and not paying taxes, and outsourceing jobs, Companies and manufacturing.
- Ge and other large Fortune 500 corporations, worked closley with "upper-class" Republicans to put in Congress to control Government and the 72% of our population the"middle-class." Ge and other large Fortune 500 corporations by funding them and helping them to win. In trade the Republicans would fight to keep major corporations, the wealthiest paying lower taxes.
- Reduce Growth of Government spending
- Reduce Income Tax and Capital Gains Tax
- Reduce Government regulation
- Control the money supply to reduce inflation
During the mid-1970s, some economists contended that cutting the top income-tax rates would expand investment and production, creating jobs and raising national output. During the 1980s, a president made this approach the center of his economic policy. Proponents called this supply-side economics. Critics tagged it with another name: the "trickle-down" theory.
Read more: The Trickle-Down Theory of Economics | eHow.com http://www.ehow.com/facts_5332766_trickledown-theory-economics.html#ixzz1dGhN5ZWT
There’s been little analysis of congressional wealth before the last decade, but political scientists agree that generally, wealth in Congress has always outstripped that of the average American.
But in the aftermath of the recession, the wealth divide between Congress and the rest of America appears to have gotten even wider. The median wealth for all Congress members rose by 16 percent, growing from $785,515 in 2008 to $911,510 in 2009, according to a report from the Center for Responsive Politics.
On average, senators were worth three times more than House members ($2.38 million vs. $765,000), though the wealthiest politician was a member of the House — Darrell Issa, a Republican from California.
Meanwhile, life for the average American isn’t getting much better.
The latest numbers from the Federal Reserve show that the average American’s net worth decreased by 23 percent from 2007 to 2009. And the average American brought home $500 less between 2008 and 2009 — the same period in which congressional wealth increased.
Read the entire article at: http://usc.news21.com/jessicafloresstory/politically-unequal