tag:blogger.com,1999:blog-12010572.post4992889831579977501..comments2023-12-13T16:00:41.784-05:00Comments on Muccings: The Stockholm Syndrome and Trickle Down TheoryGerardo Moochiehttp://www.blogger.com/profile/11541992059443099894noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-12010572.post-48293652881240235272011-09-20T16:07:01.550-04:002011-09-20T16:07:01.550-04:00I know how the "Stockholm Syndrome" term...I know how the "Stockholm Syndrome" term came about, but I think I cobbled together the two phrases "trickle down" and "stockholm syndrome" in that 2008 blog as a way to describe what Thomas Sowell was concerned about: blindly buying into tax policy that makes the rich richer out of dependence on the rich in ways the middle and lower classes would benefit.<br /><br />However, I did err in that 2008blog by referring to "take cuts for the wealthy" inferring that the wealthy don't pay their "fair share", whatever that is. Since that three year old blog was written I have become more enlightened about the high proportion of total tax revenue paid by the wealthy and that a significant proportion of Americans pay no income tax at all.<br /><br />I have become more aware that the reason so many American jobs are shipped overseas is because many other countries are more "producer friendly" than the US because of their lower taxes, lower wage rates, and fewer regulations.<br /><br />I think a reduced tax and regulatory burden on all our citizens will enhance consumption, domestic production, and domestic prosperity. I dicuss this a bit more in a more recent blog titled "Laffer Curve Frowns at Reality" http://muccings.blogspot.com/2011/08/laffer-curve-facing-reality.html<br /><br />The reality is that we DO depend on the wealthy for job creation to a great extent. But we also have the ability to bust out on our own, independently of the wealthy, but with greater risk and more perseverence and energy required for potentially greater reward - aka "entrepreneurialism." High taxes and excess regulation stifle entrepreneurial activity.Gerardo Moochiehttps://www.blogger.com/profile/11541992059443099894noreply@blogger.comtag:blogger.com,1999:blog-12010572.post-62332582343091502852011-09-20T14:39:35.220-04:002011-09-20T14:39:35.220-04:00I saw the term 'trickle down stockholm syndrom...I saw the term 'trickle down stockholm syndrome' in another post today. Love your article. Well written and clear.<br /><br />Do you know who coined the term? Can you give me links to more on the politics, economics and psychology?<br /><br />I've been saying basicaly the same thing but without a tag line for it for years.<br /><br />Let me know, thanx<br />David Franklin Farkas<br />david@HouseHealing.comDavid Franklin Farkashttp://www.houshealing.comnoreply@blogger.com