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re: Have conservatives figured out that Reagan era trickle down economics is a farce yet?
Posted on 8/6/25 at 2:52 pm to extremetigerfanatic
Posted on 8/6/25 at 2:52 pm to extremetigerfanatic
quote:Maybe I missed his message, but that wasn't my takeaway.
This is your justification to take someone else’s money by force?
0
Posted on 8/6/25 at 3:10 pm to Powerman
quote:
Agreed and I'd argue that's largely because of trickle down economics. And our debt problem is also a function of this.
Calvin Coolidge believed in trickle down economics. He cut the debt and lowered taxes. This led to an economic boom, but it also left a lot of things unchecked. At the end of the 20’s the stock market crashed and was key factor in the Great Depression.
Trickle down was a key factor in the stock market crash in 1929, 1987, and 1989. The crashes in 1987 and 1989 led to a recession in the early 90’s. Tax reform in the early 90’s helped ease the pain.
Trickle down is good for a short term boost, but it screws up the economy in the long term.
This post was edited on 8/6/25 at 3:12 pm
Posted on 8/6/25 at 3:15 pm to Powerman
quote:Hasn't that been the case forever?
Wealth becomes more and more concentrated by the .1%
Posted on 8/6/25 at 3:17 pm to Powerman
quote:
It seems like there is a monumental amount of data that clearly points to wealth not trickling down. Wealth becomes more and more concentrated by the .1% and everything is getting more expensive with a rapidly vanishing middle class. I don't see it ending well.
I'm not sure why the metric used to determine the success of Reagan-era policies is the distribution of wealth. Neither total wealth nor who holds it is constant. nor does it accurately assess the economic status of any economic class.
If you look at purchasing power (the metric that measures the ability of a household to buy goods and services - accounting for wage growth and inflation), there was an over 30% increase in purchasing power for the US middle class between 1980-1990.
Posted on 8/6/25 at 3:20 pm to MizzouBS
quote:
Calvin Coolidge believed in trickle down economics. He cut the debt and lowered taxes. This led to an economic boom, but it also left a lot of things unchecked. At the end of the 20’s the stock market crashed and was key factor in the Great Depression.
Trickle down was a key factor in the stock market crash in 1929, 1987, and 1989. The crashes in 1987 and 1989 led to a recession in the early 90’s. Tax reform in the early 90’s helped ease the pain.
Trickle down is good for a short term boost, but it screws up the economy in the long term.
What you just said does seem to fit best with the historical record, but can you explain why?
Posted on 8/6/25 at 3:21 pm to Powerman
43 years later .... quite astute 
Posted on 8/6/25 at 3:21 pm to Powerman
Wow 342 downvotes and climbing. That has to be record territory. And deservedly so.
What an idiotic post. Probably butt hurt over Reagan breaking your beloved Soviet Union. GFY
What an idiotic post. Probably butt hurt over Reagan breaking your beloved Soviet Union. GFY
This post was edited on 8/6/25 at 3:23 pm
Posted on 8/6/25 at 3:24 pm to BuckI
quote:
Communist states do not believe in welfare. Those who don't work also do not eat.
Posted on 8/6/25 at 3:27 pm to Ace Midnight
quote:Obamanomics' antithesis.
"a rising tide lifts all boats"
Posted on 8/6/25 at 3:29 pm to Diamondawg
Historically high wealth gap right now. Worse than the Guilded Ages. Like Billionaires are 100% in control of the country.
How many more trillion (increasing the gap) has flowed UP to the Billionaires since Covid?
How many more trillion (increasing the gap) has flowed UP to the Billionaires since Covid?
Posted on 8/6/25 at 3:34 pm to Powerman
quote:
Wealth becomes more and more concentrated by the .1%
Have you ever known someone worth between $500-600 million? I have.
If people with no money, spent and saved like people with money, their plights wouldn't be nearly as bad.
Kind of like driving by a single wide trailer with 2 brand new vehicles parked out front and hearing the owner say, "Houses are just too expensive."
The problem with citing the top 1% as the Evil Of America is that they also fund the majority of Big Gubment.
Again, you are not poor because someone else is rich.
Posted on 8/6/25 at 3:43 pm to NC_Tigah
They did not give money to healthy young adults who did not work. Only the disabled, elderly, and orphans received benefits. It liked to kill them to open soup kitchens during times of famine. In times of severe shortages, the people were on their own.
Posted on 8/6/25 at 4:07 pm to wackatimesthree
quote:
What you just said does seem to fit best with the historical record, but can you explain why?
Andrew Mellon was Secretary of Treasury for 3 presidents(1921-1932). His family has made billions in the banking industry. They opened their 1st bank in the 1869. Trickle down made sense, because it was good for his family business.
In theory trickle down should be a great way for economy to work, but people are to greedy.
Posted on 8/6/25 at 4:12 pm to wackatimesthree
you are confusing my point.
You seem to be only focused on the highest income tax bracket rates from the time, but that only tells a small part of the story. The uber wealthy typically are not paying the income tax rate - but the cap gains rate, which was only temporarily lowered by Reagan before being restored to 28% in 86. Income earners, ie the middle class, saw dramatic decreases in taxes that held until HW in 90 and WJC in 1993 over deficit concerns because these MFers couldn't stop spending. By then, the dotcom revolution had already begun and the economy exploded anyway.
Leftists will give Clinton full credit for that economic boom, and therefore discredit the Reagan era tax cuts as a spark, but I believe lower taxes and deregulation fueled economic growth in that period from 1981 to 1990. And as a result, net tax revenue grew every year in spite of lower tax rates, and GDP growth hit a 35 year high.
You seem to be only focused on the highest income tax bracket rates from the time, but that only tells a small part of the story. The uber wealthy typically are not paying the income tax rate - but the cap gains rate, which was only temporarily lowered by Reagan before being restored to 28% in 86. Income earners, ie the middle class, saw dramatic decreases in taxes that held until HW in 90 and WJC in 1993 over deficit concerns because these MFers couldn't stop spending. By then, the dotcom revolution had already begun and the economy exploded anyway.
Leftists will give Clinton full credit for that economic boom, and therefore discredit the Reagan era tax cuts as a spark, but I believe lower taxes and deregulation fueled economic growth in that period from 1981 to 1990. And as a result, net tax revenue grew every year in spite of lower tax rates, and GDP growth hit a 35 year high.
Posted on 8/6/25 at 4:23 pm to Antonio Moss
quote:
If you look at purchasing power (the metric that measures the ability of a household to buy goods and services - accounting for wage growth and inflation), there was an over 30% increase in purchasing power for the US middle class between 1980-1990.
Trickle down lead to the roaring 20’s a big economic boom a hundred years ago. A short term boost taxes were cut and it lowered the debt, but it helped lead the the country into the Great Depression.
Presidents that have used the trickle down economy. Coolidge, Hoover, Reagan, George W, and Trump.
This post was edited on 8/6/25 at 4:32 pm
Posted on 8/6/25 at 4:25 pm to PUB
quote:
How many more trillion (increasing the gap) has flowed UP to the Billionaires since Covid?
You think Covid era economic trends were driven by trickle down economics?
Posted on 8/6/25 at 4:28 pm to Powerman
Reagan era? That was a long time ago.
Posted on 8/6/25 at 4:30 pm to MizzouBS
Your honor, objection. Non-responsive.
Posted on 8/6/25 at 4:33 pm to Powerman
quote:
It seems like there is a monumental amount of data that clearly points to wealth not trickling down. Wealth becomes more and more concentrated by the .1% and everything is getting more expensive with a rapidly vanishing middle class. I don't see it ending well.
It works just fine in real economies where money isnt printed daily
Posted on 8/6/25 at 4:35 pm to aTmTexas Dillo
quote:
Reagan era? That was a long time ago.
The policies have remained
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