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re: Have conservatives figured out that Reagan era trickle down economics is a farce yet?
Posted on 8/5/25 at 8:33 pm to Powerman
Posted on 8/5/25 at 8:33 pm to Powerman
Failed liberal policies trickle down and hurts every person in the country.
It is undeniable that Reagan's economic policies worked.
Under Reagan there was significant economic growth: Real gross national product (GNP) rose by 26%. The US experienced a period of sustained economic growth, with real GDP per working-age adult increasing at a 1.8% rate compared to 0.8% in the previous administration.
More jobs were created under reagan. Job creation: 20 million new jobs were created during Reagan's presidency. Nonfarm employment increased by 16.1 million. The unemployment rate fell from 7.6% in 1980 to 5.5% by 1988.
Under carter there was double digit inflation. Reagan reduced inflation. Inflation dropped dramatically from 13.5% in 1980 to 4.1% in 1988, partly due to the Federal Reserve's tight monetary policy under Paul Volcker.
Increased family net worth: The net worth of families earning between $20,000 and $50,000 annually grew by 27%.
Reagan reduced taxes. Tax cuts: The Economic Recovery Tax Act of 1981 and the Tax Reform Act of 1986 significantly reduced individual income tax rates. The top income tax rate fell from 70% to 28%. These cuts provided individuals with more disposable income.
Real median family income grew by $4,000 during the eight Reagan years and experienced a loss of almost $1,500 in the post-Reagan years. Interest rates, inflation, and unemployment fell faster under Reagan than they did immediately before or after his presidency.
It is undeniable that Reagan's economic policies worked.
Under Reagan there was significant economic growth: Real gross national product (GNP) rose by 26%. The US experienced a period of sustained economic growth, with real GDP per working-age adult increasing at a 1.8% rate compared to 0.8% in the previous administration.
More jobs were created under reagan. Job creation: 20 million new jobs were created during Reagan's presidency. Nonfarm employment increased by 16.1 million. The unemployment rate fell from 7.6% in 1980 to 5.5% by 1988.
Under carter there was double digit inflation. Reagan reduced inflation. Inflation dropped dramatically from 13.5% in 1980 to 4.1% in 1988, partly due to the Federal Reserve's tight monetary policy under Paul Volcker.
Increased family net worth: The net worth of families earning between $20,000 and $50,000 annually grew by 27%.
Reagan reduced taxes. Tax cuts: The Economic Recovery Tax Act of 1981 and the Tax Reform Act of 1986 significantly reduced individual income tax rates. The top income tax rate fell from 70% to 28%. These cuts provided individuals with more disposable income.
Real median family income grew by $4,000 during the eight Reagan years and experienced a loss of almost $1,500 in the post-Reagan years. Interest rates, inflation, and unemployment fell faster under Reagan than they did immediately before or after his presidency.
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Posted on 8/5/25 at 8:33 pm to Powerman
I've yet to get an offer letter from a person who uses a SNAP card.
Posted on 8/5/25 at 8:36 pm to Powerman
OP voted for Kamala. Should be the end of this thread.
Posted on 8/5/25 at 8:37 pm to AquaAg84
Not powermullah!
Posted on 8/5/25 at 8:37 pm to Powerman
quote:Yep. My company just received a $5 million contract from homeless person on welfare.
It seems like there is a monumental amount of data that clearly points to wealth not trickling down.
quote:”concentrated is a silly concept when the amount of money available is infinitely variable.
Wealth becomes more and more concentrated by the .1%
quote:;lol: Tey buying a car without a radio, aircon, and a manual transmission.
everything is getting more expensive
quote:Silly. This is like saying lathe top 1% is a larger share of the population. The “middle class” by definition cannot “shrink”. It’s a distribution.
with a rapidly vanishing middle class.
Posted on 8/5/25 at 8:38 pm to Powerman
You are just an incredibly ignorant person
Posted on 8/5/25 at 8:40 pm to Powerman
quote:
I don't see it ending well.
The same can be said for this thread. How dare you question Saint Ronald Reagan.
Posted on 8/5/25 at 8:41 pm to Powerman
Trickle down is a straw man. It isn’t a real thing.
Posted on 8/5/25 at 8:41 pm to Powerman
quote:What?
It seems like there is a monumental amount of data that clearly points to wealth not trickling down
quote:So seven out of every hundred got richer and four of every hundred got poorer. Sounds like it works.
Once upon a time, the U.S. had a middle class to be envious of. But in recent years the number of people considered middle class has shrunk. According to the Pew Research Center, 61% of adults were considered to live in a middle-class household in 1971. As of 2021, that number had shrunk to just 50%. As increasing amounts of U.S. adults are pushed out of this income bracket, more are being pushed into different income tiers altogether. The upper-income tier experienced the most significant growth, with 21% of the adult U.S. population belonging to an upper-income tier household compared to just 14% in 1971. At the other end, 29% of U.S. adults belonged to the lower-income tier in 2021 compared to 25% in 1971.
Read More: LINK
This post was edited on 8/5/25 at 8:44 pm
Posted on 8/5/25 at 8:42 pm to Revelator
quote:
Well, to start, wealthy people oftentimes own businesses that employ many people. So in that way alone, trickledown is successful.
Also people are more likely to be lackadaisical with their spending habits during good economic times. Think of it this way: do people tip better when they are flush with money or when they’re struggling?
Posted on 8/5/25 at 8:42 pm to Powerman
Crony capitalism, overly complex tax codes and overtaxation in blue states are the problems affecting trickle down economics.
Poor people don’t give jobs to others. Of course trickle down works when the wealthy hire others.
We do know that socialism hinders initiative and communism is just a flat out failure.
Poor people don’t give jobs to others. Of course trickle down works when the wealthy hire others.
We do know that socialism hinders initiative and communism is just a flat out failure.
Posted on 8/5/25 at 8:43 pm to SidewalkDawg
quote:
Supply side economics was and is a success. Liberals just don't like the fact that a result of this is that, yes, the rich will get richer. It also means that the poor will be richer too if they will work and want a better life. If liberals would stop subsidizing poverty, maybe we could get somewhere.
But trickle down is the opposite of supply side.
Posted on 8/5/25 at 8:46 pm to Powerman
quote:You didn’t provide your “research”, just your opinion.
Maybe you could do some research to refute me
Posted on 8/5/25 at 8:47 pm to Powerman
quote:
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.
How is it even possible that there's still people like you who think that the economic pie is static? Or is it just that you don't understand the difference between distribution of wealth and total wealth? For example. Which would you rather? 20% of a 10-in pizza or 5% of a 50-in pizza?
Posted on 8/5/25 at 8:48 pm to Powerman
seems a little bold to attach the word "farce" to anything Reps have done in the last 45 years considering the 4 years of the Biden admin we just survived. Unless of course, you were attaching the word farce to their actions pretty regularly........
Posted on 8/5/25 at 8:50 pm to SidewalkDawg
quote:
It also means that the poor will be richer too if they will work and want a better life.
Posted on 8/5/25 at 8:52 pm to Powerman
quote:
It seems like there is a monumental amount of data that clearly points to wealth not trickling down.
This might be why you are confused. That’s not the concept of trickle down economics.
Posted on 8/5/25 at 8:52 pm to jammajin
quote:
seems a little bold to attach the word "farce" to anything Reps have done in the last 45 years
Like the War on Terror?
Posted on 8/5/25 at 8:53 pm to 4cubbies
Like deflector shield.
Posted on 8/5/25 at 8:55 pm to Powerman
Your whole life is spent in the lap of luxury. It is so luxurious that you don’t even realize how luxurious is.
Trickle down theory requires that the rich get richer while everyone else’s life gets better as well. Look around you. Notice things!
Either that or you’re too stupid to know you’re stupid.
Trickle down theory requires that the rich get richer while everyone else’s life gets better as well. Look around you. Notice things!
Either that or you’re too stupid to know you’re stupid.
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