tag:blogger.com,1999:blog-7895164153505105997.post770705494688046402..comments2024-01-17T00:45:37.075-08:00Comments on Bud Meyers: The GOP Mantra: Less Taxes, Less Regulation, Less GovernmentBud Meyershttp://www.blogger.com/profile/02065020063363023395noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-7895164153505105997.post-72644878581618526352015-09-21T10:12:57.135-07:002015-09-21T10:12:57.135-07:00Pope Francis denounced "trickle-down" ec...Pope Francis denounced "trickle-down" economic theories in sharp criticism of inequality. In his most authoritative writings as pontiff, Francis decried an “idolatry of money” in secular culture and warned that it would lead to “a new tyranny.” He strongly criticized an economic theory — often affiliated with conservatives — that discourages taxation and regulation:<br /><br />“Some people continue to defend trickle-down theories which assume that economic growth, encouraged by a free market, will inevitably succeed in bringing about greater justice and inclusiveness in the world. This opinion, which has never been confirmed by the facts, expresses a crude and naive trust in the goodness of those wielding economic power and in the sacralized workings of the prevailing economic system. Meanwhile, the excluded are still waiting.”<br />Bud Meyershttps://www.blogger.com/profile/02065020063363023395noreply@blogger.com