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Radically Inept
Thursday, June 24, 2004
  When you feel something yellow, warm and wet on your head

You'll understand the "trickle down theory"

Via lies.com - The Incredible Shrinking Recoverycomes this link (w/ a great graph) to When do workers get their share?:
"Corporate profits have risen 62.2% since the peak, compared to average growth of 13.9% at the same point in the last eight recoveries that have lasted as long as the current one. This is the fastest rate of profit growth in a recovery since World War II.
Total labor compensation has also turned in a historic performance: growing only 2.8%, the slowest growth in any recovery since World War II and well under the historical average of 9.9%.
Most of this growth in total labor compensation has been accounted for by rising non-wage payments, like health care and pension benefits. Rapidly rising health care costs and pension funding requirements imply that these higher benefit payments are not translating into increased living standards for workers, but are rather just covering the higher costs of health care and pension funding. Growth in total wage and salary income, the primary source of take-home pay for workers, has actually been negative for private-sector workers: -0.6%, versus the 7.2% gain that is the average increase in private wage and salary income at this point in a recovery."
But really, it's okay. I have a plan.

"Wash your windows, sir?" "Sir, do you need a shine?" "Anything I can do around the house or yard for you, Ma'am?" Followed by, "Yes, Officer, I know I'm not allowed to go through the dumpster, but I'm hungary."

Ah, the future w/ 4 more years of Baby Bush and the complete transfer of all wealth from the citizens of the US to a hand full of corporations and friends of the Bush family will be complete. And once the citizens of the US no longer have any income to be taxed, the government will be able to cut all those stupid programs (the ones that don't help the wealthy get wealthier) on the idea that there's only twenty people left who can afford to pay taxes, and their exempt.

Update: 11:25am, Brad DeLong's Semi-Daily Journal touches on this issue in "Tax Shifts", Not "Tax Cuts", where in he cites this paper by the Tax Policy Center
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GEORGE W. BUSH - TOUGH ENOUGH TO TORTURE CHILDREN
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