Welcome friends!
I suppose you read about the recent International Monetary Fund (IMF) report that found the old conservative theory about why we should all root for rich people, the so-called “trickle-down theory,” otherwise known as the “rising tide lifts all boats” theory, is actually a bunch of self-serving hooey? Well, I suppose most people probably assumed all along that it contained a healthy dose of self-interest on the part of its mostly wealthy conservative proponents. What conservative worth his or her salt would bother with an argument that did not? Isn’t that the underlying mantra of conservatism? Greed is good? Particularly their own greed. But maybe some people weren’t entirely sure it was one hundred percent claptrap in an empirical sense. Well, now we know.
The theory, in case you don’t really bother with such things, is that we should all support rich people in their eternal quest to further enrich themselves because they’re basically the font of all good things and if they do well some of those good things will inevitably trickle down upon the rest of us poor schmucks. The alternative to this pleasant tableau in the conservative imagination is a situation in which rich people’s self interest is not aligned entirely with the self-interest of everyone else, which is what they tend to portray rather histrionically as “class warfare.” Well, that’s if someone is talking about it anyway. I don’t know what they call if it’s just a fact no one is talking about... Sorry but only selected archived (previous year) posts are currently available full text on this website. All posts including this one are available in my annual anthology ebook series available at the Amazon Kindle Bookstore for a nominal fee. Hey, we all need to make a buck somehow, right? If you find my timeless jewels of wisdom amusing or perhaps even amusingly irritating throw me a bone now and then. Thank you my friends!
