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re: Deficits are up. How is this conservatism?
Posted on 3/6/19 at 11:31 am to LSUFanHouston
Posted on 3/6/19 at 11:31 am to LSUFanHouston
quote:
Oh, and for those of you who are fans of trickle-down economics,
please define "trickle-down economics" for us before you start attributing hypothetical fandom with respect to the term.
One definition of the term makes the phenomenon as inevitable as gravity, so you are clearly burdening the term with some other values besides simple facts of the universe and human nature.
The issues of wealth and resource distribution cannot be reduced to your straw-man phrase, couched as some dumb gotcha "fan of" meme.
1
Posted on 3/6/19 at 11:40 am to McLemore
quote:
please define "trickle-down economics" for us before you start attributing hypothetical fandom with respect to the term.
Others used the term to somehow believe that the following would occur:
1) Cut tax rates / taxes owed on current income
2) Companies will take savings and use them to create more revenue, which itself would be taxed
3) Therefore, there would be a net increase in federal tax revenue, not a net decrease. Essentially, as money flows faster through the economy, it gets hit with the tax wand more and more. So even thought the rate is lower, the wand collects more from additional total passes.
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