Sanders writes: "Trickle down economics is a fraudulent theory designed by the rich and their think tanks in order to protect the billionaires and large corporations."



Bernie Sanders at a November rally on Capitol Hill for economic and social justice. (photo: Mark Wilson/Getty Images)

Trickle Down Economics Is a Fraud Designed by the Rich

By Bernie Sanders, Bernie Sanders' Facebook Page

rickle down economics is a fraudulent theory designed by the rich and their think tanks in order to protect the billionaires and large corporations. At a time of grotesque income and wealth inequality, the rich do not need more tax breaks and working people and their kids do not need cuts to education or other basic needs.

I’ll be in Kansas on Saturday. The state is in real trouble because the governor, Sam Brownback, pushed tax cuts for the wealthy claiming it would boost the economy.

Guess what. It didn’t work! Kansas’s economy grew slower than the rest of the country and jobs did not come flooding in. What Governor Brownback did manage to do was create a billion-dollar hole in the state’s budget.

Now even some Republican state senators want to roll back Brownback’s tax cuts.

Let's be clear. Corporate America and the 1% want it all. They are not content with the top 1/10th of 1% owning almost as much wealth as the bottom 90 percent. Their greed in unquenchable. That is why we have got to stand together and demand a progressive tax system where the wealthy start paying their fair share of taxes. How absurd is it that our billionaire president doesn't pay any federal taxes!