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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 4:27 am to Powerman
Posted on 8/6/25 at 4:27 am to Powerman
Yeah, the economy under Reagan was so bad that he got elected twice by massive landslides. And after his 8 years in office polls indicated that if he could run for a third term he would have been elected by another massive landslide.
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Posted on 8/6/25 at 4:30 am to Powerman
I'm old enough to remember banks paying out at least 5 percent interest on savings accounts.
Changes in the banking system are more to blame, IMHO. Average Joe can't get ahead the traditional way any more.
Changes in the banking system are more to blame, IMHO. Average Joe can't get ahead the traditional way any more.
Posted on 8/6/25 at 4:59 am to geauxtigahhhs
quote:
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
...end thread.
Posted on 8/6/25 at 5:04 am to Powerman
quote:
And our debt problem is also a function of this.
Our debt crisis started when we decoupled from Gold in 1971
It is also when the separation between wages and company earnings widened.
Posted on 8/6/25 at 5:05 am to Powerman
quote:Two people, Slick and Slim, make the same $100K/yr X 20 yrs.
It seems like there is a monumental amount of data that clearly points to wealth not trickling down.
Slick spends his paycheck as fast as it comes in.
Slim makes a point of putting $20K/yr aside and invests it.
At the end of 20yrs, Slick is still living paycheck to paycheck. Meanwhile, Slim is worth $1.3 million. When Slick finds that out, he cries that he's been "Trickled on" by the unfairness of "Trickle down economics."
Posted on 8/6/25 at 5:13 am to Powerman
More intellectual firepower from powerman.
Posted on 8/6/25 at 5:18 am to TDTOM
quote:
More intellectual firepower from powerman.
You can sense the testosterone leaving his body with each post.
Posted on 8/6/25 at 5:28 am to Powerman
Do you think wealth trickles, flows or even exists outside of the government in alternative systems?
I can’t give a dissertation on precisely what Reagan meant by trickle-down economics. But I don’t think having highly concentrated wealth is inconsistent with the concept.
The poorest people in the US are way better off than anywhere else with the population and “diversity” we have (including a 12-13% demographic that descended from chattel slavery and proceeded to be exploited by the welfare state under guise of lifting them from poverty and oppression, and a large segment of illegal immigrants and other drains on the system).
I can’t give a dissertation on precisely what Reagan meant by trickle-down economics. But I don’t think having highly concentrated wealth is inconsistent with the concept.
The poorest people in the US are way better off than anywhere else with the population and “diversity” we have (including a 12-13% demographic that descended from chattel slavery and proceeded to be exploited by the welfare state under guise of lifting them from poverty and oppression, and a large segment of illegal immigrants and other drains on the system).
Posted on 8/6/25 at 5:38 am to Powerman
All the finer things aren’t meant for everyone. Maybe more would be wealthy if they didn’t spend beyond their means. They just are either ignorant of it or don’t have the patience for delayed gratification.
Posted on 8/6/25 at 5:42 am to Powerman
Do Exxon, Chevron, and Shell compensate their employees, do expansions that hire local workers, etc more than say Honeywell or Syngenta?
Posted on 8/6/25 at 5:45 am to Powerman
quote:In addressing a society with the most upwardly mobile opportunities in the history of our planet, this kind of post is a really bad look. In a country where 80% of millionaires are new, 1st gen money, the concept of "trickle down" is a bit nonsensical. Isn't it?
Have conservatives figured out that Reagan era trickle down economics is a farce yet?
Posted on 8/6/25 at 5:46 am to Powerman
quote:
Wealth becomes more and more concentrated by the .1%
This happened under Biden.
Thanks dick.
Posted on 8/6/25 at 5:48 am to McLemore
quote:Reagan never used the term.
I can’t give a dissertation on precisely what Reagan meant by trickle-down economics.
Posted on 8/6/25 at 5:55 am to NC_Tigah
quote:
Reagan never used the term.
Oh yeah. I always forget that. Even I’m partially conditioned (to respond to all the threats in the rhetorical speeches of the Soviets).
Posted on 8/6/25 at 6:04 am to Powerman
Why do the leftist useful idiots believe that wealthy people have Scrooge McDuck style money bins?
Posted on 8/6/25 at 6:06 am to Powerman
quote:
trickle down economics
The term used by those who aren't impacted by tax hikes in order to either get more from welfare programs or feel good about themselves for doing something but are too ignorant to realize what they are doing is the wrong thing.
Congrats?
Posted on 8/6/25 at 6:07 am to Powerman
You show everyone you’ve no clue of what you’re talking about.
Posted on 8/6/25 at 6:12 am to Smokeyone
quote:
Why do the leftist useful idiots believe that wealthy people have Scrooge McDuck style money bins?
And why do they think that just because someone else has money that they are somehow cutoff from having money themselves. With fiat currency everyone can have as much money as they desire if they are smart enough to figure out how to make money.
Posted on 8/6/25 at 6:12 am to Powerman
quote:
Agreed and I'd argue that's largely because of trickle down economics.
And 1+1 is 43.2.
Posted on 8/6/25 at 6:23 am to Powerman
quote:
There are obviously options in between.
Which is why Trump and MAGA became popular.
Lower taxes and regulations, tariffs and restructured trade deals along with stricter immigration policies.
Immigration has largely been responsible for trickle down economics not working along with outsourcing manufacturing overseas. Illegal immigration depresses wages of the working and lower middle classes and outsourcing manufacturing overseas takes jobs away from these groups.
For trickle down to work, bigger American companies must hire American workers and must make products here.
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