To the editor:
At 242 years old, we are a fairly new country. We’ve learned a few things and I’m sure we have plenty more to learn.
In the last 40 years our economy has been based on the theory of “trickle-down” economics. We’ve learned that trickle-down economics, which assumes more money amassed by the wealthiest will benefit the middle class, doesn’t work. It is time to replace a broken theory with proven strategies that will create wealth for the middle class.
We’ve been kneeling at the trickle-down altar for 40 years and we’re still losing good-paying, family-supporting jobs. Wages have been stagnant and poverty is gobbling up the middle class. Economists have been sounding the alarm for the last several years that the widening gap between the haves and the have-nots will have devastating impacts on our economy as a whole. While people that get up and go to work every day in low-paying jobs face the reality that for them, the American dream is not working out so well, the wealthy continue to see their wealth grow.
We don’t need to keep proving that trickle-down economics doesn’t work. The middle class that built this country is disappearing. When the middle class has no money, people don’t buy things from the companies that make things, people lose their jobs, companies lose profit share, and we all spiral down.
It is time for some common sense to enter into our economic policies. Bring good-paying jobs to our middle class working families — a decent wage for a day’s work — and fair tax policy that allows the economy to expand, creating access to wealth for more people by investing in education, rebuilding our crumbling infrastructure, and an energy policy that supports clean air and water and promotes energy independence.