If Trickle Down Economics doesn't work, then how do you explain the love for Stimulus?

[DBA]

The left loves stimulus, so long as it's driven by dementia instead of the orange man.

But the left hates trickle down. In their minds the more you take from employers the more likely employees are to get a raise. Let's call it what it is instead, they desire govt. entitlements, because that's the only other direction, and that starves a country under socialism. But the PROGS talk anyway, they do that a lot. In PROG, the less money you make the better car you drive, debt & bad decisions are personal too.

Trickle down economics is just a term. For those who think rationally it's really up & down, an exchange of money ongoing. If that shit don't work, then explain why economic stimulus is different, go!

Stimulus is the opposite of "Trickle Down". Stimulus is taking money from the rich and giving it to working class people. (Which is only sensible, since the rich stole it from them to start with). Trickle down is not taxing the rich and hoping they share some of the wealth with poor people.

They don't.

View attachment 494518

Have you noticed the income levels for the cutoff for the stimulus? You consider those people rich?

 

[meaner gene]

The biggest growth and expansion of businesses eras in the USA occurred during times of higher tax rates....near double in tax rates than we have now for corporations.

prove it.

Just google it. It's a well established fact.

Annual GDP growth for the United States 1930-2020

United States real GDP growth rate 1930-2022 | Statista

The Covid-19 pandemic saw growth fall by 2.2 percent, compared with an increase of 2.5 percent the year before.

www.statista.com

 

[DBA]

because Jesus wants poor people to starve...

But Jesus DID NOT say:

If you meet a hungry man on the road to Damascus, form a lib political action committee and petition Caesar to give him bread

Jesus taught everyone to give to the poor directly not through government

Yeah funny enough that it is Republicans who are the most charitable.

 

[Toddsterpatriot]

Q.E was specifically addressed.

QE gave the guy with $20 million another $5 million?

Absolutely.

Explain the mechanism.
How did the money get from the Fed to the guy with $20 million?

 

[jc456]

During the previous tax cuts where the middle class got $1,000 and the rich got $100,000, someone looked to see where that money was spent. Saying the middle class guy would go to his local repair shop and put that $1,000 into fixing up his car.
While the rich guy would just buy another car with it. And that car would most likely be an import, like a Mercedes, or a BMW, and Audi, a Jaguar, Lexus etc.

that's not a tax cut. you seem to be referring to stimulus money. And no one got 100,000. no one gets money back for tax cuts, they don't pay as much. you really aren't any good at this.

 

[Slade3200]

The Top have decided to take more profits

Those bastards!
Burying the profits in the backyard. Hiding it under the mattress.

Just awful!

Huh? Who said anything about that Captain Random??

During the previous tax cuts where the middle class got $1,000 and the rich got $100,000, someone looked to see where that money was spent. Saying the middle class guy would go to his local repair shop and put that $1,000 into fixing up his car.
While the rich guy would just buy another car with it. And that car would most likely be an import, like a Mercedes, or a BMW, and Audi, a Jaguar, Lexus etc.

Take it a few steps further. The middle class guy uses the money to repair his car, the money goes to pay the mechanic/business owner who then uses it to pay their rent. The owner of the building who just so happens to be the other gentleman you mentioned then collects that money and drives it to his investment banker in his new Mercedes. The rich end up with the major portion of the money any way you cut it. At least the bottom injection helps more people as it trickles up

 

[Toddsterpatriot]

Whatever you invest becomes a writeoff.

Whatever I invest is for the eventual after-tax profit.
The lower the tax rate, the higher the after-tax profit the larger my incentive.

Think about it. If the tax rate were ZERO. Every dollar of investment would be money directly out of your pocket. And you would have no incentive to invest.

If the tax rate was 100% you would have every incentive to invest, since that money would either go into the company or go to the government.

Hence it shows if at the limits higher taxes force investment and lower tax rates remove that incentive.

If the tax rate were ZERO. Every dollar of investment would be money directly out of your pocket. And you would have no incentive to invest.

If I could keep 100% of my profit, I'd invest a fuck-ton.

Hence it shows if at the limits higher taxes force investment

How much would you invest if the government kept 100% of your earnings?
Would you borrow more money to invest at that tax rate? What about at 90%?

 

[Toddsterpatriot]

The Top have decided to take more profits

Those bastards!
Burying the profits in the backyard. Hiding it under the mattress.

Just awful!

Huh? Who said anything about that Captain Random??

Wait, the rich guys don't bury their profits?
What do they do with them?

 

[Slade3200]

The Top have decided to take more profits

Those bastards!
Burying the profits in the backyard. Hiding it under the mattress.

Just awful!

Huh? Who said anything about that Captain Random??

Wait, the rich guys don't bury their profits?
What do they do with them?

They invest them and accrue interest

 

[Toddsterpatriot]

While the rich guy would just buy another car with it. And that car would most likely be an import, like a Mercedes, or a BMW, and Audi, a Jaguar, Lexus etc.

The rich guy spent his money? Bastard!!

How much sales tax did he pay on that car?
How much money did the car dealership earn?
How many jobs did his purchase support?

 

[Indeependent]

This is where I part ways with RWers and business owners, many of whom I know...Trickle Down is bullshit.
The problem?
Everyone has always wanted to live a life of luxury with the latest toys and there's "no money" to pay someone to do what you need done.
The many people I know who are employees and make several hundred thousand a year are never home and have no relationship with their spouses or children.

 

[Orangecat]

(Which is only sensible, since the rich stole it from them to start with).

The rich didn't steal anything from the poor. The poor voluntarily spent their money on goods and services they desired. Some people became wealthy by providing those goods and services. That's not theft.

 

[Indeependent]

No business is going to pay more than they have to for unskilled labor when the market is flooded by US citizens and trespassers.

 

[Slade3200]

While the rich guy would just buy another car with it. And that car would most likely be an import, like a Mercedes, or a BMW, and Audi, a Jaguar, Lexus etc.

The rich guy spent his money? Bastard!!

How much sales tax did he pay on that car?
How much money did the car dealership earn?
How many jobs did his purchase support?

$3000 ; $10,945 ; 5673

 

[Toddsterpatriot]

The Top have decided to take more profits

Those bastards!
Burying the profits in the backyard. Hiding it under the mattress.

Just awful!

Huh? Who said anything about that Captain Random??

Wait, the rich guys don't bury their profits?
What do they do with them?

They invest them and accrue interest

Damn rich guy, investing in businesses that create useful products and support jobs.

Heartless bastard!!!!

 

[Rigby5]

You give someone with 20 million dollars another 5 million they don't have a reason to spend that. They already have enough to buy what they want.

Who gave that guy another $5 million? How?

Please.

I see you're unable to explain.

This has been discussed many times, and including in this thread already.

I just joined the thread, where was it explained? Post #?

Quit being a lazy ass and read the thread before jumping in.

well kiddo, I just did a search in the thread for all of your posts in here

Post#3, nope
Post #17 nope
Post #18 nope
Poat #24 nope
Post #25 nope
Post #29 nope
Post #30 nope
Post #37 nope
Post #38 nope
Post #46 nope
Post #50 nope
Post #52 nope
Post #87 nope
Post #91 nope
Post #92 nope
Post #113 nope
Post #114 nope
Post #123 nope
Post #132 nope
Post #151 nope
Post #165 nope

Not once do you explain who gave the person with 20 million 5 million more. so you've lied. I took the time to share your lie.

Easy to explain.
Anyone with a $20 million income should be paying more than $5 million in taxes.
But if you create enough loopholes, write offs, and exemptions in the tax regulations, he can save $5 million in taxes and be $5 million more wealthy than he was.
That is not the issue.

The issue is that the wealthy have way more than they need for immediate local needs, like food, housing, transportation, etc., so they do not have to spend any additional income they get, locally.
If a wealthy person gets more income, they could spend it locally on an investment like rental income housing, a factory, etc., but they also could just invest in Asian stocks. Which doe not help the US economy at all, in any way, if they do that.
And clearly the wealthy in the US has been investing heavily in Asian stocks.
Like Apple building all their iPhones in China.

 

[Slade3200]

The Top have decided to take more profits

Those bastards!
Burying the profits in the backyard. Hiding it under the mattress.

Just awful!

Huh? Who said anything about that Captain Random??

Wait, the rich guys don't bury their profits?
What do they do with them?

They invest them and accrue interest

Damn rich guy, investing in businesses that create useful products and support jobs.

Heartless bastard!!!!

Huh? What are you talking about?

 

[Toddsterpatriot]

While the rich guy would just buy another car with it. And that car would most likely be an import, like a Mercedes, or a BMW, and Audi, a Jaguar, Lexus etc.

The rich guy spent his money? Bastard!!

How much sales tax did he pay on that car?
How much money did the car dealership earn?
How many jobs did his purchase support?

$3000 ; $10,945 ; 5673

Sales tax, business earnings and jobs ought to be outlawed, eh?

 

[Slade3200]

While the rich guy would just buy another car with it. And that car would most likely be an import, like a Mercedes, or a BMW, and Audi, a Jaguar, Lexus etc.

The rich guy spent his money? Bastard!!

How much sales tax did he pay on that car?
How much money did the car dealership earn?
How many jobs did his purchase support?

$3000 ; $10,945 ; 5673

Sales tax, business earnings and jobs ought to be outlawed, eh?

No those are all key elements in our economic system. You are having serious comprehension issues today Todd. Maybe you need a nap??

 

[Rigby5]

While the rich guy would just buy another car with it. And that car would most likely be an import, like a Mercedes, or a BMW, and Audi, a Jaguar, Lexus etc.

The rich guy spent his money? Bastard!!

How much sales tax did he pay on that car?
How much money did the car dealership earn?
How many jobs did his purchase support?

$3000 ; $10,945 ; 5673

A wealthy person can fly to Europe, buy a car there for far less, put 1000 miles on it so it is labeled as used, and then bring it back to the US without paying any taxes or US dealership charges.