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re: Want Proof Tax Cuts Don't Stimulate the Economy? Look at Kansas

Posted on 10/28/14 at 8:17 am to
Posted by SlowFlowPro
Simple Solutions to Complex Probs
Member since Jan 2004
423430 posts
Posted on 10/28/14 at 8:17 am to
quote:

Trickle down economics debunked once and for all.

yup

one state and 1.5-2 years of data

it's over. keynes won
Posted by 90proofprofessional
Member since Mar 2004
24445 posts
Posted on 10/28/14 at 9:21 am to
quote:

it's over. keynes won


Actually even Keynes would disagree with this drooler of an OP.

Per basic Keynesian IS-LM, tax cuts stimulate growth. If you don't agree with his claim there, then you don't believe that government spending can stimulate growth either. That's because government spending can only act thru the demand-side mechanism, while tax cuts can work through both the demand-side AND the supply-side.
Posted by Cruiserhog
Little Rock
Member since Apr 2008
10460 posts
Posted on 10/28/14 at 9:43 am to
quote:

yup

one state and 1.5-2 years of data

it's over. keynes won


actually we have Reagan and Bush as examples as well. Reagan tripled the debt and Bush...enuf said.

Posted by germandawg
Member since Sep 2012
14135 posts
Posted on 10/28/14 at 8:59 pm to
quote:

yup

one state and 1.5-2 years of data

it's over. keynes won




Really??? One nation and a 52 year old experiment has proven time and again that trickle down economics does not work unless the goal is to make wealth more concentrated and the gap bigger and bigger. If that is your end game, and, by the way, it has been for the GOP and the Kennedy's who started the whole slide, then trickle down economics works like a fricking champ. If, however, your goal is to stimulate a consumer driven economy then measures that concentrate wealth and income in fewer and fewer hands ain't the best of ideas.

We have just about borrowed all we can as residents of the middle class, we now have to have two incomes to get ends to even be close enough to holler at one another, forget about tying them together, and we simply don't have the income to buy the shite that the top 20% produces and sales. Yet here we are, more than 50 years since Kennedy suggested rising tides would raise all ships, and we are still so unbelievably naive that we still repeat what the 1% tells us is in our best interest because we are terrified to acknowledge the fact that our "betters" (financially speaking) don't know anything more about money than a fricking street thug who will rob the pennies off his dead mamma's eyes.
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