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Hardy2

Letters to the Editor

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Trickle Down


Dear Editor of the East Hampton Independent,

This "Trickle Down" economy, so heralded during the Reagan presidency and now overwhelmingly reinforced by our present administration is yet another slap in the face to the middle class. Giving the tax and monetary breaks benefiting primarily the wealthy, thus raising even more the income differential between the "Haves" and the rest of Americans, is supposed to benefit the middle class by creating more jobs; even if they must chase them overseas.

Such nonsense! The wealth merely stays in the coffers of those who need it least. When this administration brags about the "Booming Economy" they are referring to their "Base" and not the income of those in the middle class, which has remained stagnant while costs of everything else they require to subsist has risen.

Their standard of living has declined. Stop the baloney!

The "Trickle Down" theory reminds me of a visual analogy which appeared in a film; I believe it was Kubricks's Space Odyssey but I'm not certain. It was a sequence showing a bunch of monkeys. One of them was on an upper branch urinating, the results of which was suffered by an unfortunate monkey on a much lower branch who happened to be in the way, the lower suffering the "Trickle Down" due to the pleasure of the upper.

Defying gravity, how about a "Trickle Up" economy? Instead, give the middle class and poor a real tax break or some form of monetary assistance which will endow them with some purchasing power rather than just struggling to keep a roof over their head and some food on the table. They will buy, and the profits, of course, will once again go back to the administration's corporate "Base" but at least it will stem to some degree the number of bankruptcies and foreclosures, which are taking place at an epidemic rate.

NICHOLAS ZIZELIS
October 24, 2006

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