Today I learned about the “horse and sparrow” theory of economics. Basically, it says that if you feed a horse well, it will produce enough manure for sparrows to thrive. That analogy had been around since 1896.
Also known as the “trickle-down” economic theory espoused by today’s Republican party, it was implemented several times – most recently by Ronald Reagan and Dubya Bush. Both times it was a colossal failure.
Now, with income inequality breaking all records, it’s being resurrected by the likes of Mitch McConnell, Paul Ryan, and Tom MacArthur.
As attributed to Albert Einstein, the definition of insanity is doing the same thing over and over and expecting different results. If that’s the case, the people inside the Bayville, NJ firehouse this morning were inmates at the insane asylum.
As I reported earlier, Congressman Tom MacArthur brought Treasury Secretary Steve Mnuchin and Financial Expert Ivanka Trump to the Ocean County town to sell their latest version of their reverse Robin Hood plan.
The theory is that if corporations have more money, they will hire people and raise wages. But today, the corporations are doing extremely well, the stock market is at record highs, and yet people are starving, struggling, and falling further down the economic ladder.
Trump’s plan is truly horseshit, but we are not sparrows.
Two New Jersey activists commented on the Trump/MacArthur tax plan – Amanda Devecka-Rinear, Director of New Jersey Organizing Project, and Geoff Ginter, a medical professional who has been active in pointing out the fallacies of Tom MacArthur.