And yet right now they are enjoying their largest share of the nation's wealth in a century but they aren't trickling anything down. Right now their corporations are experiencing record levels of proft but they aren't trickling anything down. Instead they are hoarding.
To keep the economy growing and moving cash needs to be in hands of people that will spend it. Increased concentration of wealth and cash hinder economic growth and expansion. The danger of the fiscal cliff isn't that taxes will be raised back to Clinton levels, it's that government spending will slow too quickly in an era where private spending isn't picking up the slack.
It all flows from the source, whether you poison the well or keep it pure.
Without customers the best idea in the world will fail.
Who is the "they" making all these profits you refer to? Maybe we should get the government to steal it from them and spread it around...I mean, trickle it down?
Things in life are dynamic and cyclical. We need a downside to clean up the "excesses messes" made when things are really good, but we didn't want one, so we voted for fantasy instead. We're too big to fail!
In good and bad times, but especially in volatile times, smart people, business, cities and states save (or what you call "hoard") to prepare for the inevitable bad.
Those "hoarding" now are acting on their opinion of the future, the same way the overspenders are. We'll see who is right. Either way, having resources means survival and the ability to take advantage of opportunity. Maybe we'll get another chance to relearn that again.
Without customers the best idea in the world will fail.