I would like to propose another approach that I call “trickle up economics” in which we lower the tax and other burdens on the lower and middle class, we invest in educating their children (and them), we make sure they have the skills to get good jobs in the economy of the future, and we make sure they have access to things like good transportation, safe neighborhoods, healthy food, quality health care services, etc that are required for them to be fully functioning citizens in our society.
If we do all of that, we will have a stronger workforce and a more entrepreneurial and innovative society, and that will drive wealth creation in the US that will “trickle up” to the wealthiest people in the US.
Fred Wilson, Trickle Up Economics
As someone who grew up in the middle class during the ’80s, Fred Wilson’s post resonates with me. Often left unsaid, it’s important to note that the middle class is a large and stratified group. Over the decades, I and others in my family have moved up from the lower middle class to the higher middle class, due in large part to eduction, quality health care and safe neighborhoods. This is easy to discount. So many like to fall back, telling others to pull themselves up by their bootstraps, yet we don’t provide the foundation that would allow them to do so easily. Thus, we undercut their future, and that of our society.
Trickle Up makes much more sense to me than Reagan’s famous concept, and it’s definitely one I can both stand behind and actively support.
Links and Such
The hexes below link to interesting articles and design inspiration that I've gathered from around the web. Enjoy.