Trickle Down Economics is the Only Kind: Joe Biden’s ignorant speech to the Chicago Electrical Union

It’s not just embarrassing to hear Joe Biden ramble on as an illegitimately inserted president by forces outside of the United States who needed him to undo the American constitution for their desires of social erosion. Still, the speech he gave to the International Brotherhood of Electrical Workers in Chicago was a monstrosity of ignorance that would have been hilarious if he wasn’t so serious. Of course, the subject was an old one. The political left’s hatred of the concept of “trickle down economics” and their socialist view of a middle-class where all prosperity is created and distributed from the middle out was on full display. Biden will cite 50 ivy league economists, but they would all be wrong because they all studied the same stupid stuff. Every economist who studied Marxist concepts in college, which almost every college teaches, and the evolution of Keynesian economics, which is all the rage in London and Paris, all miss the mark. This is a concept that about everyone in the world so grossly misunderstands; it is the primary reason that I wrote my book, The Gunfighter’s Guide to Business, to resolve the matter from the original mistake, Karl Marx. Everything economically based is created by risk and then distributed to those less prone to risk. Without a risk-taker to start the process of economic birth, there is nothing for anybody to do. Therefore, trickle-down economics is the only kind of economics. 

The most successful societies are those that create the opportunities for risk takers to take more risks. In a society that penalizes risk-taking, there will be more economic stagnation. Government, by its nature, is all about safety and collective sharing of responsibility. So government is the worst contributor to risk, and therefore any economic activity attempted by government is destined to fail. In the United States, government gives the illusion of success because it steals from the productive, the risk-takers. But without the risk-takers to conduct the original economic activity, there is nothing for government to steal. They quickly find themselves rotting away in the case of the labor unions that Joe Biden loves to pander to. Labor unions are all creations of Karl Marx. Looking back through history, the labor movement sold unions to the public as a patriotic endeavor which many people wanted to believe. But in the game of globalism, it was a way to slide socialism under the door of American industry to get a foothold for the fundamental aims of stealing capitalism’s creations and redistributing them around the world. Just visit any town in America, and you will see the effect that unions had on their industry. Union wages and inflexibility against management made it too difficult to operate those companies, so they moved overseas. Couple that with government regulations, and most of those companies found it much easier to move to Mexico or China to do business, and this was all by design, led by the members of Socialist International and the modern-day version of The World Economic Forum, the people I call the Desecrators of Davos. It was a con game from the start, going back to the late 1880s, and it has been bleeding America dry over the entire last century in every industry. It took 40 or 50 years to see the erosive effects in some cases. Still, it destroyed industrial productivity in all cases and forced them to take the path of least resistance to countries that did not have unionized workforces. 

Of course, the leftist lunatics like Joe Biden and his kind of people will call the companies selfish for leaving. Companies have been running from intrusive looting governments all their lives, including now. Only recently have they learned that there is no escape. Now it’s ESG scores behind financing that is sucking the life out of them, and no matter how much they play along, they can’t escape the robbery of the political left, even in China these days. This is why there are all indications of a global recession because all those Keynesian economists from the prestigious economic schools worldwide are all advising them to follow Karl Marx to the same dead ends. They have penalized risk-taking, and therefore, economic activity has been dramatically diminished. If the fun and profit are removed from risk-taking endeavors, economic activity will be greatly diminished, and it is this trend that the entire world has missed entirely.   Without risk-taking, economic activity of any kind is significantly reduced, if it’s even present at all, but for sheer necessity, fulfilling the basics of building, creating food, and fulfilling the basic necessities. But when there is wealth to be made, and profit is the measure, then all kinds of great things happen. We see improvements in art and entertainment, science, industry, and luxury items because behind it all is some risk-taker who wants to go for a big win and have a nice car or a nice spouse and live a good life of excess enjoyment. Marxists hate those excesses, but that is why their entire economic platform was flawed from the start, as was everyone who followed. 

America emerged as the powerhouse it became, and still is, even with the intrusive government that has evolved over time because it embraced risk-taking in economies which has endured the social looting by the Marxist minds. Even with the plan by the labor unions to redistribute the wealth created in America to other places around the world, risk-taking was still at the heart of all economic activity. Thus, the GDP still remained high despite the tight controls of modern politics. So long as Americans were willing to swing for the fences, the economy would continue to thrive. But it could be even better than that if more risk-takers were encouraged to enter the marketplace. Currently, our education system does not produce such people; they happen by cultural accident. We don’t consciously seek to remove barriers to risk-taking; we do the opposite. But as a formula, the ratio of risk-taking that is promoted in any culture, the more options for economic activity there will be for all to enjoy. That wealth creation will then trickle down to the kinds of people who just want a job without the risk of making one. Of course, in his speech to the union workers, Joe Biden was missing all those elements. He didn’t understand the basic foundations of economic thought, which most everyone else misses as well, that risk and rewards are the first priorities of monetary creation. And the more risk-takers there are, the more chances there are to win at life, and the trickle-down effect of those victories provides jobs to people. Governments work best when they create opportunities for risk-taking. They work worst when they set themselves up to loot off the efforts of the bold and the innovative, then try to disguise the theft as an altruistic sacrifice to a “greater good.” Karl Marx was a perpetually lazy man, as were his followers.   He worked really hard to justify his lazy nature, and his family suffered greatly because he wouldn’t work; and instead spent his time in the British Museum studying new economic theories to justify the existence of lazy people like him. And now, a few centuries later, dumb people who were taught all the wrong things, like Joe Biden is, are trying to disguise their nature by criticizing “trickle down economic theory.” Well, it’s not a theory, it’s the rules of the universe, and those who deny such things, are the perpetrators of great evil in the world and societies of misery that cascade off their stupidity in abundance and destroy everything they touch. This is why there are economic struggles under the Biden administration, to begin with. Too much government, too little encouragement of risk-takers, and too much looting of any wealth that is made from ambition and adventure.

Rich Hoffman

Click to buy The Gunfighter’s Guide to Business

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