Rush explained the alleged "Trickle Down" theory....if you earn it you get to keep it...

[auditor0007]

Two problems with that assessment. The first problem is this assumption that when everyone keeps more they will somehow spend it or put it to good use in a way that helps the economy.

Oh now THAT is fascinatin'...

Pray tell, what would be examples of ways that a person 'might not use their money in a way that does not help the economy.'

The second bad assumption is that money that goes to the government is wasted.

In financial terms, the government is what is known as a Liability. Liabilities... are bad and as such are to be LIMITED.

We're not discussion LIMITED LIABILITY here, as the Founders designed the US Government. We're talking about UNLIMITED LIABILITY... (which of your keeping score, is INVIABLE... {go ahead... look it up}. Now when something in your construct is not viable, that means the construct is not viable. And scamp...

THAT'S BAD.

Every cent of taxes that goes to the Government is a dollar that is NOT in "The Economy".

Every cent of tax money that is spent BY the Government is an EXPENSE (Liability).

Every cent which the government receives IN RETURN FROM MONIES THE GOVERNMENT SPENT: IS AN EXPENSE TO THE TAX PAYER.

THAT'S BAD!​

Those with more money than they know what to do with are investing most of it overseas. How does that help the US economy? Here is one of our biggest problems. It used to be that we had very high tax rates for the wealthy. What many do not understand is that they never had to pay those high rates unless they were really stupid. By investing their money back into the economy through new business ventures or by investing in American companies, they could reduce most of their tax bill. So what changed? Over the course of time,we have made it so they just get the lower tax rates and investing overseas is now a write-off.

If you think just letting people keep more money is the answer, you are lost.

 

[bripat9643]

Yes. They are.......and what are the problems we have.....social security is a ponze scheme, public education does not educate our children and you are about to learn (As P.J. O'Rourke famously said) how expensive free healthcare is......

If you understood how a Ponzi scheme works you wouldn't embarrass yourself by admitting you've been taken in by a brazen lie propagated by the likes of P.J. O'Rourke -- who is an articulate bar-room bullshit artist who successfully covers the tracks of his propaganda efforts with humor, almost all of which is un-funny.

Social Security is a Ponzi scheme. Only shameless trolls and government toadies claim otherwise.

Well that proves beyond a shadow of a doubt that you are clueless.

It proves exactly the opposite. You're the one who's clueless. You're a great big sucker to boot.

 

[danielpalos]

I thought the "Trickle down" theory was simply bail out the wealthiest and then let it trickle down.

You believe that because you're an idiot.

Did you know that even the Capital Right fails to understand that it was the virtual Communism of our Wartime Economy that pulled us out of the Great Depression.

 

[danielpalos]

1929 proves that the private sector cannot correct markets or simple poverty.