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

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You're talking about inevitable

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Nothing was "inevitable." If it were, European median income would have kept pace with the US. Instead, European median income has grown at about 60% the rate of the US over the past half century. The US middle class lives far better than almost any other population. Yet here is another thread with posters wishing they were Richard Cory.

Weak sauce

A good OP looking for discussion would provide other forms of info and then let the debate begin.

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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.

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It works if antitrust laws and immigration laws are enforced. And regulatory capture is not allowed to happen

Also NAFTA wasn't a good deal for the American Middle Class and letting China in the WTO and granting it MFN clause was just plain stupid

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

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First time I have seen you admit that you are not a conservative.


To your topic:

Trickle-down economics is an economic theory that suggests that benefits provided to the wealthy and businesses will eventually "trickle down" to the lower classes through job creation, investment, and overall economic growth.

It's a wealth sharing idea. What you are describing is called communism:

Core Principle: Communal ownership and control of the means of production (factories, land, etc.) rather than private ownership.

Goal: To achieve an egalitarian distribution of wealth and eliminate social classes, ideally leading to a society without government, private property, or even currency.

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Man what is wrong with steak at Texas Roadhouse

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Not a single thing. I think it’s a good steak. Especially for the price.

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Trickle down theory

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There is no such theory anywhere in economics. It is a colloquial term that intentionally presents supply side economics backwards.

People who talk about trickle down are dolts who insist supply side is simply giving tax breaks to the rich who then spend more and that trickles down to the poorer. It is nonsense.

Supply side is the opposite flow of transactions. Producers spend money to do things like buy machinery or inventory, hire a workforce, and other things necessary to bring a product to market. Then if the endeavor is successful profits, if any, flow up.

Did you get this from Reddit? Where the narratives are constantly Jimmy Carter was a better president than Reagan and Mother Theresa was a monster?

Citing the top rate is pretty meaningless, but I’ll bite. Federal tax revenue exploded post Raegan so either lower taxes fueled the Clinton boom or the tax code was so bastardized by HW and WJC the cuts never made it back to the taxpayers. Take your pick.

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It seems like there is a monumental amount of data that clearly points to wealth not trickling down.

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Link?

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Federal tax revenue exploded post Raegan so either lower taxes fueled the Clinton boom or the tax code was so bastardized by HW and WJC the cuts never made it back to the taxpayers. Take your pick.

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I can't figure out what you're claiming here with regard to tax cuts not making it back to taxpayers. You're saying this just because tax revenue went up?

There are two sides to this equation. Revenue and spending. Remember that Clinton balanced the budget for the first time since 1969 during his administration.

And yeah, the tax code became more complex during the 90s, but if you're going to argue that the resulting effects completely negated the Reagan tax cuts, then how are you able to claim that "trickle down" economics even happened?

Again, the entire purpose of the narrative was to cut taxes and it would only have an opportunity to work if we did cut taxes. If you are claiming that we didn't really cut taxes, then...???