The top 1% went from owning 8% of the nation's wealth in 1980 to owning 25% now. Nothing trickled down; it trickled up. Let's get rid of the lie of trickle-down economics. As Bush père said quite accurately, it's voodoo economics.

We need to tax the rich MORE not LESS. Reagan and subsequent Republican administrations (and Republican-lite™ administrations like Clinton's) have progressively shifted the tax burden to the lower income levels. Why? Well, the reason given was that it would trickle down and everybody else's boat would be raised as well. We now see that this was a lie, and it didn't happen. Why do they still pretend it will?

And why doesn't their oh-so-precious concern about the deficit not kick into gear when considering the multi gazillion dollars that is lost every year by not taxing the rich properly.