How the Weathy U.S. Citizens Become Wealthier

As I listened to the talk of the Tea parties, Sarah Palin, and the Republicans last fall, I learned that they spoke mostly of limiting government, reducing government spending, and eliminating pork barrels. But. this talk changed after the recent election because the Republicans acted immediately to convince President Obama (and former president Bill Clinton) to lower the taxes of the top 2% householders for two more years. The reduced taxes of these householders will thus continue for ten years. So, John McCain and Sarah Palin didn't lose anything for the top 2% householders, even though they lost the 2008 election to President Obama.

This reduced taxing program began with the Reagan Administration in 1981. (See Reports below) In 1981, tax reductions were given only to the top 1% householders. In 1981, this tax reduction was called the 'supply side' economics. Today, the supply side is no longer heard on TV. Nor is it seen in newspapers, even though it produces huge national debts. It began with the Reagan Administration and was continued with both Bush presidencies. Reagan produced a three trillion dollar debt and Father Bush led a one trillion dollar debt. Presidents Clinton and Obama used a trickle-up economy. Clinton's economy produced full employment and no debt. We still do not know what the Obama trickle-down economy will produce and what employment will be produced.

The evidence of a supply side economics is now well known. It will produce large debts but will also produce wealthy householders. So, as long as the people of the USA can pay the national debts, a few citizens can become wealthy. Since this growth of wealth will always be slow, the force of slavery and civil war always lurks just around the corner.

I believe that Republicans view God, the Universe, and Spirits wrongly. My views of God, the Universe, and Spirits are correct. If they study my corrected views, they might change their thoughts.

(Reports By: (1) Kennickell, Arthur B. and R. Louise Woodburn (April 1992) "Estimation of Household net Worth Using Model-based and Design-based Weights" and (2) Kennickell, Arthur B., Douglas A. McManus, and R. Louise Woodburn (March 1996) "Weighting Design for the 1992 Survey of Consumer Finances," Washington, D.C., Federal Reserve System.)