Posted by: Middleclass Search | October 19, 2012

Trickle-down Economics

This blog discusses the mechanics of our political and economic systems. The so-called trickle-down economics where by lowering the taxes on the higher income members of society they will be encouraged to invest in projects that will create jobs has been overcome by events. Past investments were largely in projects that manufactured products thus creating manufacturing jobs. But investing in manufacturing has been replaced by the development of many financial instruments that promise to pay a better yield in a shorter time then manufacturing. Few of these financial instrument projects create as many jobs as a manufacturing project.

There needs to be a change in thinking on how jobs are created in a global economy. The world appears to be in short supply of theoretical economist.

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