I find it funny how people spout propaganda created by the wealthy elite. The trickle down effect is a complete lie. The wealthy elite don't save their money at all, my parents don't even save their money and were upper middle class. What they do is invest their money. The problem is that there is only so many industries to invest in. Usually there investments are really buying smaller companies. If people don't sell the business, the wealthy person starts their own, undermines the competition with deep pockets until the competition goes bankrupt. Once they are bankrupt, the wealthy guys new business jacks up the prices higher than the competitions and makes a killing on his new investment. Then they use their assets to acquire more businesses and the cycle continues. The best way to make money, even with little education, is to run a small business. Since these corporate giants owned by wealthy share holders are buying these up, and replacing these business owners with managers who make only a fraction of the pay compared to the profits, there is less money to be spent. That whole "it's good for the economy" line is total bull. The majority gets less money, while the wealthy get richer. And of course they use their money to sway governments to right legislation to reduce their taxes almost completely, making us little guys who now make less money pick up the tab. The small donations they contribute to charities are a drop in the bucket compared to what they take from society.
If you don't believe me that this is how it is, go to a small town with a wal-mart. The places look like ghost towns, most of the small companies are gone, and the only jobs left are at wal-mart. Usually these towns have more rampent drug problems too. A wal-mart propably makes around 10 million a year and employs 50 people. The employees will make about 20,000 a year at a cost of 1 million dollars. The other 9 million is extracted from the community and becomes money to build another wal-mart, or line investors pockets. Without that wal-mart, the area could have had 50 self-employed people making a 100,000 a year, with the same or comparable prices. It's not 200,000 a year because small businesses don't get the same supply price as larger companies, so they make less on the mark-up. As a bonus, those small businesses would also have 3-4 employees creating 200 extra jobs.
To sum it up. One wal-mart has 50 employees, and leaves 1 million dollars worth of profit in the town to be redistributed to the community. Unless travellers add 9 million dollars to the community by spending there, this is a net loss of a little under 9 million to the community.
50 small businesses would have 10 million dollars worth of profit to be redistributed to the community, and the money circulation would be greater, making the community richer. These businesses would also require 150-200 extra workers, and support secondary services like accountants and maintenance companies etc.
Which do you think is better for your community?
The wealthy elite could be taxed 50% of their profits to be put into the tax system, and they'd still be super wealthy, and the rest of us wouldn't even have to pay taxes. Instead, we make crap, and we pay through the nose so a few people can live the high life.
What they're doing is called exploitation. Corporations have created a new system of modern day slavery to benefit a few, and we let them. If you don't think this isn't the case, do some research on average incomes in correlation to small business numbers and their reduction as corporations expand. You'll find that as small businesses are reduced, so are higher paying jobs and average salaries. Corporations spend a lot of money trying to create this "we aren't bad" white-wash lie. The funny part is that we aren't even the ones getting the worst of it. The people in second world countries are the ones really getting screwed. They make peanuts for working harder than we do, and even more money is funneled out of their communities than ours. Free trade just allows for exploitation. governments sign it because they get kickbacks to do so. What we need is Fair trade.