Richard Kelo - the real trickle down in politics

Ever heard the term "trickle down economics"?  It was a pejorative, kind of a high-brow insult, aimed at those during the Reagan administration who advocated reducing tax rates on the wealthy on the grounds eventually the benefit would "trickle down" to everyone.

However, the real theory of trickle down is what's advocated by Socialists. They claim that giving all money & resources to the control of a government will create a benefit that trickles down to the middle class and the poor.

Both are equally absurd says Rick Kelo, a public finance expert.  Instead of advocating policies aimed at redistributing private property from one group to another he suggests leaving people in peace.  Then they can voluntarily cooperate with one another.  An entrepreneur can invent a way to better people's lives, and if consumers feel they're made better off by purchasing it they will.

Rick Kelo