re: Have conservatives figured out that Reagan era trickle down economics is a farce yet?

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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.

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The Great Depression was caused by several different things - over leveraged banks and high levels of personal consumer debt were two of the big economic factors.

I’ve never heard any economist try to tie a decrease in marginal tax rates to the Great Depression.

You literally just made this up.

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If this were true then we wouldn't have so many people still living in poverty.

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We don't.

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U.S. Poverty Has Plunged
By Chris Edwards

The government says that America’s poverty rate is 11.8 percent. It also says that the poverty rate has hovered around 11 to 15 percent since 1970 suggesting little or no progress against poverty in decades.

But the Census Bureau’s official poverty rate is biased upwards and kind of meaningless. In terms of material well-being, families near the bottom are much better off today than in past decades because of general economic growth and larger government hand-outs.

In a Cato study, John Early recalculated the U.S. poverty rate using more complete data and found that it fell from 19.5 percent in 1963 to just 2.2 percent in 2017. (The study’s charts are updated here.) Early is a former Assistant Commissioner of the Bureau of Labor Statistics.

Bruce Meyer and James Sullivan perform a similar exercise in this new study. They find that the poverty rate fell from 13.0 percent in 1980 to 2.8 percent in 2018. Meyer-Sullivan calculate their figure based on consumption rather than income, but the general idea is the same. Meyer is at the University of Chicago and Sullivan is at the University of Notre Dame.





LINK

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If this were true then we wouldn't have so many people still living in poverty.

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Define "poverty" in the U.S. context in 2025, then 1985, then 1945, then 1905.

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Have conservatives figured out that Reagan era trickle down economics is a farce yet?

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You know, it works fine for people who intend to start at the bottom, work hard, save, sacrifice, and build their skill set over time and move up. I now a 30-year-old who used to say “you want fries with that” at Chic Fil A for min wage. Now he operates one and pulls in $200k.

It works not at all for someone whose greatest aspiration is to say “you want fries with that” and “have a goot one”, does nothing to better their skill set, bitches about their place in life, jumps from job to job, and expects to pull in 200k because they’re 30 and can fog a mirror.

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Have conservatives figured out that Reagan era trickle down economics is a farce yet?

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Compared to what?