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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 10:11 am to Breesus
Posted on 8/6/25 at 10:11 am to Breesus
quote:It was exported by the upper 1%. They shipped the equipment and jobs overseas, destroying the middle class.
The wealth didn’t trickle down because it was all either taxed and wasted or exported.
quote:Agree, time for the government to stop stealing from the working class.
But the point remains: you have no claim to someone else’s labor or wealth. You do not get to force someone to give you their labor nor steal from them their wealth.
quote:Suffer from what? Will they suffer malnutrition or lose their home if we raise their taxes?
You want the top 1% to suffer?
1
Posted on 8/6/25 at 10:11 am to Powerman
quote:
It seems like there is a monumental amount of data that clearly points to wealth not trickling down
it seems like you'd cite some so people wouldn't just assume you are whining and making excuses for your own lack of wealth.
Posted on 8/6/25 at 10:23 am to Powerman
quote:Facts notwithstanding?
Wages are stagnant in the middle class as well
Posted on 8/6/25 at 10:44 am to Powerman
You should be ashamed of yourself.
This trickledown idea has not been in play in over 30 years.
This trickledown idea has not been in play in over 30 years.
Posted on 8/6/25 at 10:46 am to Macavity92
quote:
quote:
Maybe you could do some research to refute me
Refute an unsupported opinion? Ok.
Posted on 8/6/25 at 10:46 am to BuckI
quote:
It was exported by the upper 1%. They shipped the equipment and jobs overseas, destroying the middle class.
Rising government red tape, taxes, regulations, and welfare didn’t help. If you have to give 30% of every dollar to the US government why wouldn’t you try and save everywhere else you can.
If you can make 30,000 a year sitting at home collecting welfare why take a job making 35/40 at a plant or jobsite?
Maybe these companies would have more cushion in their margins and more ability to raise salaries and pay a competitive wage if 1/3 of their entire budget didn’t go to taxes.
Maybe more people would work manufacturing jobs and labor jobs if the government didn’t pay them not to.
You don’t get to have both. You cannot have a booming economy with a large middle class and socialism. Those are incompatible ideas. Increased government intervention, taxation, and welfare directly correlates to lower wages, income disparity, and economic stagnation.
quote:
Agree, time for the government to stop stealing from the working class.
They’re stealing from all of us. Buying into class warfare is being blinded by government propaganda and ignorance. Class warfare always favors those in power. People vs government is the battle we should be waging. Pretending the government gives a shite about you or will protect you because you identify with the correct class is abject stupidity. Stop giving the government more power and more control. That is a losing position.
Start making a difference in your community. Support local businesses. Support local political activism. Stop thinking about your life from a global/federal party perspective and understand that the only way to make a difference is to change the area around you.
A fish who is more concerned about what the birds in the trees are doing than the problems in his own pond is a stupid fish. A fish refusing to do anything about the pollution in his pond because the birds in the forest won’t stop making a mess around the deer is a dead fish.
This post was edited on 8/6/25 at 12:17 pm
Posted on 8/6/25 at 10:50 am to Powerman
There is no such thing as trickle down economics.
Never was.
Never was.
Posted on 8/6/25 at 10:52 am to Powerman
Man your ignorance is boundless
Posted on 8/6/25 at 10:56 am to Powerman
Have you ever worked for an employer who was poor? Your paychecks come from wealth.
Posted on 8/6/25 at 11:04 am to GeauxBurrow312
quote:
As an example, say 5 people create a AI startup, it helps make white collar workers more efficient, and they get bought up by a FAANG for $50b (presumably a stock transaction, like what OpenAI did recently). Sounds great for the economy right?
White collar workers will get axed due to efficiency gains, and relatively very little wealth from those newly minted billionaires will trickle down, the vast majority of it will be retained.
Retained how? The money will be almost instantaneously plowed back into the economy. Other companies will be started; existing companies will gain investment; stocks will be purchased; bonds will be purchased, financing the debt of cities and our federal government.
The same arguments you are making were made against the automobile, trains, assembly line factories, and automation. All of these things eliminated jobs that were never replaced. That’s why today we have so many people working to provide goods and services that our ancestors never dreamed of. Look at the size of the entertainment industry now. Look at the hospitality industry. The reason these are so big is that we have long ago run out of necessary things for people to work on. AI will further reduce it. And AI will do many of these superfluous things.
But all of this means the overall production will be even more bountiful. Do you really think all of that exponentially increasing bounty will be consumed by fewer and fewer people? No. We will have to establish laws and regulations to meet these new developments, and I don’t know what those will be, but they will be invented; I’m confidant of that.
Posted on 8/6/25 at 11:18 am to Powerman
quote:
Maybe you could do some research to refute me
Who is the poorest person you were ever employed by?
Posted on 8/6/25 at 11:37 am to Breesus
quote:I'd quit my job for 30k lol, but who receives that much from welfare? A huge family under multiple programs?
If you can make 30,000 a year sitting at home collecting welfare why take a job making 35/40 at a plant or jobsite?
quote:They didn't pay a competitive wage after they received their tax cuts.
Maybe these companies would have more cushion in their margins and more ability to raise salaries and pay a competitive wage if 1/3 of their entire budget didn’t go to taxes.
quote:The upper 1% shipped those jobs overseas for greater profits.
Maybe more people would work manufacturing jobs and labor jobs if the government didn’t pay them not to.
quote:The elites brought this onto themselves. You cannot destroy the middle class and not expect to make up for it in higher taxes.
You don’t get to have both. You cannot have a booming economy with a large middle class and socialism. Those are incompatible ideas. Increased government intervention, taxation, and welfare directly correlates to lower wages, income disparity, and economic stagnation.
quote:The state will never wither away. That is an Anarchist, libertarian/Marxist pipe dream. Whoever is in power will never release it. And they will always exploit the people.
They’re stealing from all of us. Buying into class warfare is being blinded by government propaganda and ignorance. Class warfare always favors those in power. People vs government is the battle we should be waging. Pretending the government gives a shite about you or will protect you because you identify with the correct class is abject stupidity. Stop giving the government more power and more control. That is a losing position.
Start making a difference in your community. Support local businesses. Support local political activism. Stop thinking about your life from a global/federal party perspective and understand that the only way to make a difference is the change the area around you.
Posted on 8/6/25 at 11:38 am to BuckI
quote:
I'd quit my job for 30k
Typical commie
Posted on 8/6/25 at 11:41 am to Breesus
quote:
Buying into class warfare is being blinded by government propaganda and ignorance.
Well, he is a lib, so........
Posted on 8/6/25 at 11:55 am to wackatimesthree
Well, they only paid about 30% of tax revenue in 1980@ a 70% bracket rate. By 1990 that share soared to over 55% at 37% iirc. Most of that wealth isn’t being taxed as income. So the top rate is fairly inelastic unless you are willing to admit that trickle down did, in fact, work.
Posted on 8/6/25 at 11:57 am to roadGator
quote:Communist states do not believe in welfare. Those who don't work also do not eat.
Typical commie
How many government programs are you on?
Posted on 8/6/25 at 11:58 am to Bass Tiger
quote:
ever totally bought into the trickle down economics, never bought into socialism/communism either
Just like everything in life, balance is key.
Posted on 8/6/25 at 11:58 am to Powerman
quote:
wealth not trickling down
Our poor have the highest standard of living in world history.
Our middle class has a higher standard of living than even the best nations in Europe.
We have the best economic mobility of any nation in the history of the globe, with new millionaires and billionaires being created every day.
Try again.
Posted on 8/6/25 at 12:02 pm to GeauxBurrow312
quote:
Society will collapse if a large chunk of the population is unemployable.
We're already there.
Posted on 8/6/25 at 12:04 pm to Penrod
quote:
Retained how? The money will be almost instantaneously plowed back into the economy. Other companies will be started; existing companies will gain investment; stocks will be purchased; bonds will be purchased, financing the debt of cities and our federal government.
The same arguments you are making were made against the automobile, trains, assembly line factories, and automation. All of these things eliminated jobs that were never replaced. That’s why today we have so many people working to provide goods and services that our ancestors never dreamed of. Look at the size of the entertainment industry now. Look at the hospitality industry. The reason these are so big is that we have long ago run out of necessary things for people to work on. AI will further reduce it. And AI will do many of these superfluous things.
But all of this means the overall production will be even more bountiful. Do you really think all of that exponentially increasing bounty will be consumed by fewer and fewer people? No. We will have to establish laws and regulations to meet these new developments, and I don’t know what those will be, but they will be invented; I’m confidant of that.
Somebody whose perspective of economics isn't limited to their own personal experience is refreshing.
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