Is Trickle Down A Myth?

Here is my layman's definition of trickle down economics.

Contrary to popular belief, corporations do not pay taxes. Any and every tax levied against a corporation, is passed on to the consumer. For instance, when Wal-mart pays for all those tractor trailers to move merchandise, they pay sales tax from where ever they purchase it from. That sales tax is then embedded into every Twinkie and CD. The 15% of federal payroll taxes for the driver of that truck, receiving department of every store, stock clerk, and cashier... is also embedded in the product. They pass on the cost of insurance, lawyers, and every commercial they make... of course they are going to pass on the taxes as well.

Therefore, if you tax energy companies and all other businesses, we just raise taxes on the poor and middle class in America. This is what is meant by saying the "tax burden" will go up on all Americans. So eliminating taxes on 95% of Americans and taxing the rich and business is not only 'income redistribution' but it is a farce. We end up paying every penny of that tax... and the poorest of Americans that depend on Walmart for food and gas to get to work, they pay for it.

Now back to trickle-down economics. If there is no such thing as trickle down, then giant conglomerates that fail like Fanny, Freddie, Lehman and AIG would not matter to 'middle America'. The ripples of their failures would not 'trickle down' to us, just as cost savings through low taxes, would never trickle down to us. So the only people who should be concerned with these recent failures are those who espouse the trickle down belief.

All others are still living in bliss and shouldn't be causing a big stink about it.