Wednesday, October 15, 2008

Blog Action Day - Poverty, and growth potential.

Poverty in this country has reached epidemic proportions. 35.9 Million people in the US live in poverty. That is just too much. We have to do something. I hope Blog Action Day helps the cause.

Republicans have been telling us since Reagan to just keep waiting and the wealth will trickle down. Well wealth doesn't fallow the law of gravity, it seems to be rising. The Rich are getting wealthier and poor are getting poorer. We now the even the rich are hitting a wall of failure because the economy is crashing and they don't have any real wealth because the only thing that trickled down to the poor was credit. This fake wealth can only last so long. 

But that can change. We need to expand our economy in a real way and huge untapped resource we have is the poor. When you increase the wealth in the lower class you create customers. When you have customers they buy stuff and the rich will profit from this, much more than some tax breaks. The rich can only buy so much stuff, we need to increase the buying power of the lower class.


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