Listening to the political rhetoric of this year's election, the fundamental differences between the left and the right are clear. The left tries to demonize the right by derisively characterizing the economic system that allows wealth creators (entrepreneurs) to keep the lion's share of their wealth as “trickle down economics.” Historically, this system has resulted in freedom for most and an ever-expanding economic pie that benefits society as a whole as the wealth of society is increased. Workers, builders, lawyers, accountants, store clerks, etc., all share in the expanding wealth, buying goods and services, which in turn support other workers and laborers, builders, lawyers, accountants, store clerks, etc.
This view of economics doesn't see the economy as a zero sum game — which it isn't. The economic system fostered by the left, however, could be characterized as “trickle up economics.” Under this view, a strong central government takes from the productive and redistributes the wealth taken to those which it favors. In effect, it views an economy as a zero sum game, where one person's wealth is at the expense of another's — which it isn't.
Water does not trickle up. Neither does wealth. The leftist view has never worked. It's not working now. It never will work.
Peter T. Van Dyke, Norman
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