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Trickle Down Economics Explained
Posted on 5/26/17 at 7:09 am
Posted on 5/26/17 at 7:09 am
12
Posted on 5/26/17 at 7:20 am to Phat Phil
Someone tell the democRats.
They love government trickle down, a/k/a tax and spend.
They love government trickle down, a/k/a tax and spend.
Posted on 5/26/17 at 7:30 am to TrueTiger
Yeah, the 80's proved it didn't work...I remember the high unemployment and the stagnation of wages... 
Posted on 5/26/17 at 7:33 am to Phat Phil
quote:
Trickle Down Economics
Has been repeatedly proven to be a false premise.
Posted on 5/26/17 at 8:22 am to Phat Phil
the middle class in 2017 pay virtually no income tax. we can't cut your income taxes anymore than we already have. a family of 4 earning 50k per year is eligible for the EIC which means they pay no income tax. the effective tax rate for a family of four in the tax table (that's people making less than 100k) is 0-6%.
if you want more stuff, you're going to need to work harder or simply live with your bad life choices.
go smoke dicks.
if you want more stuff, you're going to need to work harder or simply live with your bad life choices.
go smoke dicks.
Posted on 5/26/17 at 8:41 am to GFaceKillah
quote:
Has been repeatedly proven to be a false premise.
Because demand side economics has proven to kick arse the last 8 years.
I feel really sad for the younger folks that didn't get a chance to live though Reaganomics (aka, trickle down, aka supply side). You've been brainwashed to believe that high demand are better economic conditions than high supply. If you want to see a modern day example of demand side economics taken to its fullest extent just look south to Valenzuela. On the other hand if you want to see a supply side economics working to the other extreme see Hong Kong, Singapore and New Zealand as examples.
It proven time and time again that living in economies with an abundance of production is MUCH better than living in economies with a scarcity of production. To argue otherwise is baffling.
Posted on 5/26/17 at 8:43 am to GumboPot
quote:
I feel really sad for the younger folks that didn't get a chance to live though Reaganomics (aka, trickle down, aka supply side). You've been brainwashed to believe that high demand are better economic conditions than high supply. If you want to see a modern day example of demand side economics taken to its fullest extent just look south to Valenzuela. On the other hand if you want to see a supply side economics working to the other extreme see Hong Kong, Singapore and New Zealand as examples.
No, youve been brainwashed into believing the rich deserve more money. Oldest trick in the book.
Posted on 5/26/17 at 8:53 am to Phat Phil
Trickle UP always works on the human/micro level.
If you give a bum $1,000 he will spend it before the weekend is over, mainly at local stores. It will support those businesses and the makers of goods, strippers, etc. and flow up to the wealthy folks who own those businesses.
If you give me a $1,000 tax cut, I'll say "cool" and stick it in the bank. Does nothing to boost the economy.
So if you want to boost the economy, drop $100 bills out of a helicopter over the nearest 'hood and watch it rush, not trickle, up.
If you give a bum $1,000 he will spend it before the weekend is over, mainly at local stores. It will support those businesses and the makers of goods, strippers, etc. and flow up to the wealthy folks who own those businesses.
If you give me a $1,000 tax cut, I'll say "cool" and stick it in the bank. Does nothing to boost the economy.
So if you want to boost the economy, drop $100 bills out of a helicopter over the nearest 'hood and watch it rush, not trickle, up.
Posted on 5/26/17 at 8:56 am to Phat Phil
sky is blue
water is wet
water is wet
Posted on 5/26/17 at 9:00 am to Twenty 49
quote:
Trickle UP always works on the human/micro level. If you give a bum $1,000 he will spend it before the weekend is over, mainly at local stores. It will support those businesses and the makers of goods, strippers, etc. and flow up to the wealthy folks who own those businesses. If you give me a $1,000 tax cut, I'll say "cool" and stick it in the bank. Does nothing to boost the economy. So if you want to boost the economy, drop $100 bills out of a helicopter over the nearest 'hood and watch it rush, not trickle, up.
There is some economic truth in your premise.
Posted on 5/26/17 at 9:08 am to Ebbandflow
quote:
No, youve been brainwashed into believing the rich deserve more money. Oldest trick in the book.
I can't wait until all these new college grads get hired by poor people.
Posted on 5/26/17 at 9:08 am to Bass Tiger
Trickle down economics has directly resulted in the wealth inequality is this country.
Like the video says, the people at the top can only spend so much money. You need money in the hands of consumers who will spend most of their disposal income for a service based economy to work.
It's common sense really but we live in an age where common sense isn't valued anymore.
Like the video says, the people at the top can only spend so much money. You need money in the hands of consumers who will spend most of their disposal income for a service based economy to work.
It's common sense really but we live in an age where common sense isn't valued anymore.
Posted on 5/26/17 at 9:10 am to Twenty 49
quote:
If you give me a $1,000 tax cut, I'll say "cool" and stick it in the bank. Does nothing to boost the economy.
Wrong.
Money in the bank allows banks to lend more by a factor of 10.
Posted on 5/26/17 at 9:11 am to tedmarkuson
quote:
the middle class in 2017 pay virtually no income tax. we can't cut your income taxes anymore than we already have. a family of 4 earning 50k per year is eligible for the EIC which means they pay no income tax. the effective tax rate for a family of four in the tax table (that's people making less than 100k) is 0
A family of 4 earning 50k a year is very likely at or near poverty.. hardly middle class.
30-40k per person per year is probably the lower end of the middle class
This post was edited on 5/26/17 at 9:13 am
Posted on 5/26/17 at 9:13 am to tedmarkuson
quote:
the middle class in 2017 pay virtually no income tax.
What? I have to assume you're being sarcastic here. If not, that's the dumbest thing I've ever seen anyone say.
Posted on 5/26/17 at 9:14 am to Ebbandflow
quote:
No, youve been brainwashed into believing the rich deserve more money. Oldest trick in the book.
No!
You have been brainwashed to believe that someone becomes rich at the expense of others.
Unless you are robbing people then you are not becoming rich at someone else's expense.
You become rich by providing a good or service that many people want. You create a price for your good or service that makes many people to voluntarily transact with you because they think your good or service is priced fairly enough that they are willing to pay for it.
Price the service too high, and you decrease your amount of voluntary customers.
Price the good too low and you lose money.
For you brainwashed people who still think that the person got rich from not paying his employees fairly..
No one forced them to work for you. They entered in to a free employment contract with you at an agreed upon price. They are free to leave your employment at any time.
This post was edited on 5/26/17 at 9:17 am
Posted on 5/26/17 at 9:15 am to Twenty 49
quote:
Trickle UP always works on the human/micro level.
If you give a bum $1,000 he will spend it before the weekend is over, mainly at local stores. It will support those businesses and the makers of goods, strippers, etc. and flow up to the wealthy folks who own those businesses
But it doesnt flow to our corporate overlords
Posted on 5/26/17 at 9:17 am to Loserman
quote:
Unless you are robbing people then you are not becoming rich at someone else's expense.
Isn't this what Wall Street does to average Americans.
Posted on 5/26/17 at 9:18 am to boogiewoogie1978
quote:
You need money in the hands of consumers who will spend most of their disposalquote:.
income for a service based economy to work
Service based economies only work well when they are based on a strong production economy. Production comes first...then we can have the services. Always.
Posted on 5/26/17 at 9:19 am to Loserman
quote:
You have been brainwashed to believe that someone becomes rich at the expense of others
This is largely true, though. The goal is to prey on the ignorant enough to turn the biggest possible profit while still leaving them unaware they were fricked.
And as your power and influence grows eventually the law morphs to protect your business from competition allowing you to frick consumers over even harder
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