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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 9:45 pm to Bass Tiger
Posted on 8/5/25 at 9:45 pm to Bass Tiger
quote:
Never totally bought into the trickle down economics
Right. The wealthy will and can not spend enough on basic goods and services that keep the average worker employed. Like they will not buy the highly produced ADLI $3 bottle of wine; they'll buy the rarer wine north of $100 a bottle.
Plus the wealthy will hoard or sit on some of that wealth to improve their net worth. They are not going to maintain their current level of wealth and just give the rest away. They are going to grow their wealth. Greed is the fallacy.
This post was edited on 8/5/25 at 9:47 pm
1
Posted on 8/5/25 at 9:47 pm to leeman101
Who doesn't try to grow wealth?
Posted on 8/5/25 at 9:52 pm to Powerman
I think you’re also not considering the standard of living has vastly improved for low income tiers and it never considers transfer payments, subsidies, tax breaks etc…
Funny thing about using %iles as well when talking about economics is that there’s always going to be a bottom 1% and top 1% even if the poorest amongst us are all billionaires. It’s playing right into the lefts delusions about rich and poor.
Funny thing about using %iles as well when talking about economics is that there’s always going to be a bottom 1% and top 1% even if the poorest amongst us are all billionaires. It’s playing right into the lefts delusions about rich and poor.
Posted on 8/5/25 at 9:57 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.
Can you explain to me how the middle class would have benefitted if the tax rates had stayed what they were going into the 80s?
Doesn't seem like the previous tax policy was helping the middle class much either.
Posted on 8/5/25 at 10:02 pm to Powerman
I mean, Bezos employs 1.5 million people at an average salary of 74,000 and some change. Seems like a metric shite ton of trickle down there.
Posted on 8/5/25 at 10:03 pm to Powerman
As Kennedy said, " A rising tide floats all boats." Only dems are too dumb to know that.
Posted on 8/5/25 at 10:03 pm to wutangfinancial
quote:
I think you’re also not considering the standard of living has vastly improved for low income tiers
Nobody considers that.
Not someone slagging Reagan, not some young idiot criticizing Boomers, etc.
Nobody considers that even the lower middle class today has access to luxury items and enjoys improvements in everything from the reliability of their cars to vastly less expensive electronics items. Our poor people today have microwave ovens and washing machines.
A computer with the processing power that the average person carries around in his pocket today would have been the size of a refrigerator when Reagan took office and would have cost so much that only universities, government agencies, and large corporations owned one. And even then it probably wasn't as powerful as today's cell phones.
That's a direct result of businesses being able to invest more into R&D, which trickle down economics enabled.
This post was edited on 8/5/25 at 10:04 pm
Posted on 8/5/25 at 10:04 pm to Powerman
You are acting like Reagan era tax cuts weren’t immediately reversed by HW and Clinton.
Posted on 8/5/25 at 10:06 pm to Powerman
quote:
Have conservatives figured out that Reagan era trickle down economics is a farce yet?
Trickle down economics is a progressive framing on a conservative principle.
Could you at least pretend not to be a political hack?
Posted on 8/5/25 at 10:10 pm to Vacherie Saint
quote:
You are acting like Reagan era tax cuts weren’t immediately reversed by HW and Clinton.
They weren't.
Not totally, or anywhere close to it.
The top tax rate when Reagan took office was 70%. It was down to 28% by the time he left office.
The top tax rate under Clinton was 39.6%.
So Reagan gained 42% points and only gave 11.6% back under the two you mentioned.
Posted on 8/5/25 at 10:12 pm to Powerman
quote:
Have conservatives figured out that Reagan era trickle down economics is a farce yet?
You know trickle down economics is a term retard leftists came up with to describe lower marginal corporate taxes?
Posted on 8/5/25 at 10:13 pm to Azkiger
quote:
Trickle down economics is a progressive framing on a conservative principle.
Could you at least pretend not to be a political hack?
I'm still waiting on someone to tell me exactly how the middle class would have been better off if no one had gotten the tax cuts under Reagan.
All "trickle down economics" was was a justification for lowering taxes. And yeah, the upper tax bracket benefitted the most because it was the highest to begin with.
Posted on 8/5/25 at 10:19 pm to stuntman
quote:
This is what happens when you constantly have government deficit spending and creating more currency in the markets. First people to get their hands on it are the ones that benefit most. Nearly everyone else gets fricked. We call it "consumer price inflation". But if you have stocks or property, that inflation is fantastic for you.
Yep. Anyone blaming anything other than this is simply retarded. The lack of financial responsibility bordering on straight up incompetence by our politicians is 99% of the reason these problems exist. A huge part of that is the bloated welfare state. Another part is the massive amounts of money we send overseas
Posted on 8/5/25 at 10:24 pm to Powerman
It does trickle down, but greed is a hell of a drug.
Posted on 8/5/25 at 11:00 pm to Powerman
quote:You're not a man
Powerman
Posted on 8/5/25 at 11:47 pm to jawnybnsc
More like 30 years ago.
Posted on 8/5/25 at 11:53 pm to Powerman
It’s always been bullshite. My Economics professor was so mfer conservative at Ole Miss that the GOP was 100 times to liberal for him, and even he openly mocked the “tickle down” theory as total bullshite for morans. He was big buddies with Paul Volker btw. He was closer to NAZI than Republicans but he didn’t suffer any bullshite.
Paul Volker was the mfer genius behind the greatest economic expansion in the history of the world no mfer politician or president
Paul Volker was the mfer genius behind the greatest economic expansion in the history of the world no mfer politician or president
This post was edited on 8/5/25 at 11:58 pm
Posted on 8/5/25 at 11:55 pm to TutHillTiger
quote:
It’s always been bullshite. My Economics professor was so mfer conservative at Ole Miss that the GOP was 100 times to liberal for him, and even he openly mocked the “tickle down” theory as total bullshite for morans. He was big buddies with Paul Volker btw.
That's great, but...so what?
I don't get the point of this thread. "Trickle down economics doesn't work!"
O.k., what now? Raise taxes? How the hell is that supposed to work better?
Again, TDE was just the sales pitch for lowering taxes.
Posted on 8/6/25 at 1:19 am to Powerman
quote:
It seems like there is a monumental amount of data that clearly points to wealth not trickling down.
Show me that monumental data. Middle class people in the US have:
- Big screen TVs
- Streaming content
- iPhones
- Two cars per family
- Dental care (I’m in the UK right now and WHEW!
- Amazon Prime delivering odds and ends at all times of the day
- Very cheap and abundant energy
When Reagan took over these same people had no computers, shitty cars that broke all the time, far less selection in the grocery stores, expensive energy along with hectoring to set their thermostats at uncomfortable levels, etc. The material well being of the middle class has boomed since Reagan took office.
It’s true that wealth has become less evenly distributed - that the gap between rich and middle class has increased - but this is a different argument. Reagan’s rising tide did indeed lift all boats.
This post was edited on 8/6/25 at 1:21 am
Posted on 8/6/25 at 1:42 am to Powerman
quote:
Have you been an adult during a financial crisis? Did the rich keep people on the payroll just because they could afford to do it?
That’s exactly what I, and my partners, did during the two financial crises we went through. We kept as many employees as our company could afford. We could have been more profitable by cutting more but that was both less humane and unwise when considering that the market would eventually rebound. I think lots of companies did that.
Cutting employees due to a lack of productivity is another matter. That simply must be done in order to keep companies competitive and to keep the economy efficient.
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