Quite a few years ago I taught at a school that had the Alpine Club. Once a year the members would go up to Ellenville, New York to explore the ice caves in the mountains there. The other big trips were white water canoeing in various rivers in New York State.

One of the best of the latter trips was a section of the Delaware River where there was a dam that held the river water back all night, but in the morning would open and produce the areas electricity from the water that would then rush through the turbines. We would line up the canoes a little downstream from this dam where the water was so shallow that the bottoms of the canoes sat on the river bed. Novices on their first trip would wonder where the excitement was until from behind you could hear the roar of the approaching water as the dam was opened. From that moment on as the canoes got lifted by the rushing water, the river was one big white water current. People further down river would also be waiting as the river filled and waters ran .

The excitement that was going to happen ahead was greatly influenced by what happened behind. Put another way, since we lined up closer to the dam, our past and what happened because of it was still in the future of those further downstream, but like us, it would have an influence on it.

I mention this because the morning after the first presidential debate, I was channel surfing to see how the various commentators were assessing the results.

On one channel a young woman was bemoaning what she perceived as Hillary Clinton’s obvious lack of relevance to Millennials because she had mentioned ‘Trickle Down Economics” that was history to millennials, and, therefore, had no relevance to them.

That’s when the memory of the river came to mind.

It seem that she would be a person who waited down diver for the rushing waters, but was convinced that as the dam was perhaps a mile or two back from her, it was there, but it had no relevance to where she was.

Yes, Trickle Down Economics began under Reagan, perhaps before she was born or when she was very young, but having begun back then it does not mean its effects are not being felt now.

Here are two ways that Trickle Down does affect you, dear Millennial.

Back in the 1980s tax rates were cut for the people at the top of the pay scale and for corporations. The theory was that once these people got to keep more of their money they would have the capital to create jobs. And in the intervening 40 years, this was the reason that more tax cuts were made and we were told it was necessary for the job creators, or they could not create those jobs.

One of the problems millennials have is that there are no jobs.

The highest income people, who made much of their money through investments and playing the stock market are yet to create the jobs they were allowed to keep more of their money to create.

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Have you noticed that the most patriotic people are the ones who earn the least amount of money and are still waiting for that trickle?

The non-existent jobs now, are because of the job creators then.

But, hey, that’s history to the millennials, so it means nothing.

But the U.S.A. still had bills and money had to come from somewhere, so a boat load of money was taken from the Social Security Fund as a loan that has yet to be paid back, and without the principle, the SS account could not make the amount of interest it could have if the money were left alone.

So the talk now is to put off your retirement and wait to start collecting what you have paid into, and you will not be able to retire as “young” as you parents could, so your working for old age means you are working to be retired for less time, and the longer you work the closer you get to death.

Here’ a parallel you may want to consider.

Whoever wins the presidency in November will have the job at least for four years and will be able to nominate a number Supreme Court Justices. The justices hang on for years, and their decisions live much longer than they do.

What is decided this November will have ramifications for years, and the grand kids of millennials will not be able to just look the other way because the election and its aftermath are part of history, and, therefore, have no relevance to them.

Yes, Trickle Down Economics began in the past, but you are living with the results of it, and are complaining  while not learning that.

 

 

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