It's Time For Some "Trickle Up" Economics
  • Petitioned President of the United States

This petition was delivered to:

President of the United States
U.S. Senate
U.S. House of Representatives

It's Time For Some "Trickle Up" Economics

    1. Andrew Heugel
    2. Petition by

      Andrew Heugel

      Brewster, NY

Back before President Reagan started the Republican tradition of enacting ever larger tax cuts for the ultra rich, the rich and famous appeared to be living quite well, despite paying far higher taxes then they do today. Then President Reagan announced his "trickle down" theory of economics. This theory posited that the money that the rich and large corporations saved in taxes would be reivested in businesses that would create jobs, and thus there would be more total money to tax.

Some said that this "voodoo economics" would lead to a massive national debt. And, under Reagan, the national debt reached new highs. This was reversed during the Clinton Administration. But, then President George W. Bush enacted even greater tax cuts for the rich while sending bonus refund checks to the poor and middle class. The result has been that the national debt has skyrocketed out of control, as the economy has fallen into an abyss. Unemployment and home foreclosures are at the highest rate since the Great Depression and the national debt is in the trillions.

The problem is that instead of investing their new found bounty in their communities, the super rich instead squirreled it away, often in overseas tax havens. And, instead of creating more jobs for Americans, the super rich now farm American jobs overseas, so they can pay their employees sweat shop wages and not have to worry about such trifles as unsafe working conditions, or using child labor.

It is time to stick a pin in the doll of voodoo economics!

Recent signatures

    News

    1. Reached 300 signatures

    Supporters

    Reasons for signing

    • Donna Zoll SAN DIEGO, CA
      • about 2 years ago

      Everyone matters.

      REPORT THIS COMMENT:
    • Pat Strange SACRAMENTO, CA
      • over 2 years ago

      Instead of tinkle down I am starting to feel tinkled on.

      This is why we occupy.

      REPORT THIS COMMENT:
    • O S MANSFIELD CENTER, CT
      • about 3 years ago

      Reagan's "trickle down" sure didn't work..it's time for a change.

      REPORT THIS COMMENT:
    • Intz Walker LINCOLN CITY, OR
      • about 3 years ago

      Yes, I think everyone has forgotten that they were supposed to invest in their communities if they were to get tax breaks. Do you think we will ever be able to reverse this trend of low taxes and no support for the community. I hope so, but am getting increasingly discouraged by the selfishness that the rich have evidenced for the last generation.

      REPORT THIS COMMENT:
      • about 3 years ago

      I believe that my Petition can not only help to create living wage jobs but my education program can help expedite the training of high paying green jobs. Lets give people positive choices to help them out of poverty buying things they want not struggling for things they need & back to paying Middle Class Income Taxes to faster pay off our National Debt. https://www.change.org/petitions/please-help-to-give-away-free-green-homes-high-paying-green-jobs

      REPORT THIS COMMENT:

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