The 'trickle down theory' is dead wrong

[P F Tinmore]

Wealth does "trickle down", when the wealthy are encouraged to spend.

Democrats discourage spending by taxing the wealthy.

Republicans encourage spending by reducing taxes.

Did you even read the damn study? This covered 100+ countries, and you're full of shit, this refers to the world, not just partisan America, and taxes were cut for the rich, decades ago, and yet, it's not trickling down, at all, yeah, yeah, we know how republicans want to cut taxes for the rich, it's a fucking disaster, productivity is at all time highs, incomes are shrinking, wages are stagnant, and the rich just keep getting richer. What do they need, more tax cuts? LOL.

You can't explain the obvious to these people. It's not that they are simply stupid. It's complicated with a determined ignorance. And they are very determined.

If you actually contemplate his post, you can tell he's subtly hinting that the rich need lower taxes and it'll trickle down. Mr H, are you an idiot?

No, everyone needs lower taxes. Screw the govt.

Discussing taxes is a false issue. It doesn't mean anything without taking care of the spending first.

 

[The Rabbi]

No fucking way! (The reading is interesting, it's settled once and for all, trickle down economics is a fucking joke, can't believe people still defend it.)

Wealth does not trickle down from the rich to the poor. Period.
That's not Senator Elizabeth Warren talking. That's the latest conclusion of new research from the International Monetary Fund.

In fact, researchers found that when the top earners in society make more money, it actually slows down economic growth. On the other hand, when poorer people earn more, society as a whole benefits.

The researchers calculated that when the richest 20% of society increase their income by one percentage point, the annual rate of growth shrinks by nearly 0.1% within five years.

This shows that "the benefits do not trickle down," the researchers wrote in their report, which analyzed over 150 countries.

By contrast, when the lowest 20% of earners see their income grow by one percentage point, the rate of growth increases by nearly 0.4% over the same period.

Continued here: The trickle down theory is dead wrong - Jun. 15 2015

Could you define "trickle down theory"? I'm betting not.

 

[CrusaderFrank]

trickle down is the derisive Progressive misnomer for Reaganomics

 

[P F Tinmore]

trickle down is the derisive Progressive misnomer for Reaganomics

Indeed, it is more of a mist.

 

[g5000]

What does water do? Trickle upwards?

What does the steam from bullshit do?

 

[g5000]

trickle down is the derisive Progressive misnomer for Reaganomics

Actually, the trickle down theory has been around much longer than Reagan.

I give you William Jennings Bryan and his famous "Cross of Gold" speech in 1896:

There are two ideas of government. There are those who believe that if you just legislate to make the well-to-do prosperous, that their prosperity will leak through on those below. The Democratic idea has been that if you legislate to make the masses prosperous their prosperity will find its way up and through every class that rests upon it.

You come to us and tell us that the great cities are in favor of the gold standard. I tell you that the great cities rest upon these broad and fertile prairies. Burn down your cities and leave our farms, and your cities will spring up again as if by magic. But destroy our farms and the grass will grow in the streets of every city in the country.

 

[CrusaderFrank]

trickle down is the derisive Progressive misnomer for Reaganomics

Actually, the trickle down theory has been around much longer than Reagan.

I give you William Jennings Bryan and his famous "Cross of Gold" speech in 1896:

There are two ideas of government. There are those who believe that if you just legislate to make the well-to-do prosperous, that their prosperity will leak through on those below. The Democratic idea has been that if you legislate to make the masses prosperous their prosperity will find its way up and through every class that rests upon it.

You come to us and tell us that the great cities are in favor of the gold standard. I tell you that the great cities rest upon these broad and fertile prairies. Burn down your cities and leave our farms, and your cities will spring up again as if by magic. But destroy our farms and the grass will grow in the streets of every city in the country.

What the fuck does that have to do with Reagan?

Here's what Frank Zappa had to say, "Rating guitarists is a stupid hobby. I'm a composer, and my instrument is the guitar. If you like the composition, fine. My technique as a guitar player is fair. There are plenty of people who play faster than I do, never hit a wrong note, and have a lovely sound. If you want to rate guitar players, go for them. But there isn't anybody else who'll take the chances that I will take with a composition onstage in front of an audience, and just go out there and have the nerve, the ultimate audacity to say, 'Okay, I don't know what I'm going to play, and you don't know what I'm going to play, and that makes us equal. So let's go-we'll have an adventure here.' That's what I do. There's no way to rate that. You either like that kind of entertainment or you don't. I'd rather have the ups and downs than the assuredness that I was going to go out there and amaze everybody with technique. I want to hear some music, and the challenge for me is writing an instant composition while I'm playing. That's what I do. I Must say, in all fairness, that without being rated, I know there are people out there who love what I do on guitar."

Not on point either, but more interesting than your quote

 

[SwimExpert]

The 'trickle down theory' is dead wrong

Yeah well, so is your existence. Shit happens.

 

[BluesLegend]

Is this another socialist scum thread trying to justify confiscating the rightful wealth of people who earned it? Why don't these socialist scum just rob a bank or knock over a liquor store its the same thing. Socialists, man what a bunch of assholes.

 

[BluesLegend]

The elephant in the room is the corrupt idiots in government are the last people I would trust with our wealth, HELLO.

 

[g5000]

trickle down is the derisive Progressive misnomer for Reaganomics

Actually, the trickle down theory has been around much longer than Reagan.

I give you William Jennings Bryan and his famous "Cross of Gold" speech in 1896:

There are two ideas of government. There are those who believe that if you just legislate to make the well-to-do prosperous, that their prosperity will leak through on those below. The Democratic idea has been that if you legislate to make the masses prosperous their prosperity will find its way up and through every class that rests upon it.

You come to us and tell us that the great cities are in favor of the gold standard. I tell you that the great cities rest upon these broad and fertile prairies. Burn down your cities and leave our farms, and your cities will spring up again as if by magic. But destroy our farms and the grass will grow in the streets of every city in the country.

What the fuck does that have to do with Reagan?

I am pointing out the "trickle down theory" term was not invented for Reaganomics. In fact, Reaganomics wasn't invented by Reagan or his staff. They just rebranded it.

The "trickle down theory" (Reaganomics) and those who have derided it, have been around for over a century.

The "trickle down theory" name was invented long before Reagan.

 

[martybegan]

Is this another socialist scum thread trying to justify confiscating the rightful wealth of people who earned it? Why don't these socialist scum just rob a bank or knock over a liquor store its the same thing. Socialists, man what a bunch of assholes.

The whole purpose of repudiating trickle down, or supply side economics is they want to replace government, and government employees as the re-start point for the flow of money back into the economy. Instead of money paid for goods or services re-entering the top strata of the economic chain, i.e. the wealthy, they want to take it for government use (after government workers get their cut, of course) and re-insert it lower in the chain.

All that does is skip the upper levels of the consumer side of the economy, and replace it with government drones making $$ instead of the people who would normally provide services and goods to the rich.

 

[CrusaderFrank]

Applying "trickle down" to Reaganomics was part of the Progressive Jihad on American capitalism and entreprenuership

 

[g5000]

The elephant in the room is the corrupt idiots in government are the last people I would trust with our wealth, HELLO.

Do you support tax deductions, credits, and exemptions? Then you are supporting the government with our wealth.

Each tax expenditure is a wealth transference device. Usually UP the food chain, not down. It's trickle up economics.

 

[g5000]

Applying "trickle down" to Reaganomics was part of the Progressive Jihad on American capitalism and entreprenuership

It was an old theory rebranded as "Reaganomics".

So the Left attached the same old name to it.

 

[Socialist]

No fucking way! (The reading is interesting, it's settled once and for all, trickle down economics is a fucking joke, can't believe people still defend it.)

Wealth does not trickle down from the rich to the poor. Period.
That's not Senator Elizabeth Warren talking. That's the latest conclusion of new research from the International Monetary Fund.

In fact, researchers found that when the top earners in society make more money, it actually slows down economic growth. On the other hand, when poorer people earn more, society as a whole benefits.

The researchers calculated that when the richest 20% of society increase their income by one percentage point, the annual rate of growth shrinks by nearly 0.1% within five years.

This shows that "the benefits do not trickle down," the researchers wrote in their report, which analyzed over 150 countries.

By contrast, when the lowest 20% of earners see their income grow by one percentage point, the rate of growth increases by nearly 0.4% over the same period.

Continued here: The trickle down theory is dead wrong - Jun. 15 2015

The term "trickle down" was conceived by people who despise capitalism, so anything said about it is bound to be bullshit.

Are you serious? Trickle-down economics - Wikipedia the free encyclopedia

 

[Socialist]

Meh, socialism is trickle up poverty. No thanks.

Wow, are you seriously that stupid?
Fine, let's examine Cuba:
The GULLY Americas CUBA What Castro Found
Before the revolution:

• 75% of rural dwellings were huts made from palm trees.

• More than 50% had no toilets of any kind.

• 85% had no inside running water.

• 91% had no electricity.

• There was only 1 doctor per 2,000 people in rural areas.

• More than one-third of the rural population had intestinal parasites.

• Only 4% of Cuban peasants ate meat regularly; only 1% ate fish, less than 2% eggs, 3% bread, 11% milk; none ate green vegetables.

• The average annual income among peasants was $91 (1956), less than 1/3 of the national income per person.

• 45% of the rural population was illiterate; 44% had never attended a school.

• 25% of the labor force was chronically unemployed.

• 1 million people were illiterate ( in a population of about 5.5 million).

• 27% of urban children, not to speak of 61% of rural children, were not attending school.

• Racial discrimination was widespread.

• The public school system had deteriorated badly.

• Corruption was endemic; anyone could be bought, from a Supreme Court judge to a cop.

• Police brutality and torture were common.
  
  ___
  
  
  After the Revolution: (This data is OLD, it's even better now)
  “It is in some sense almost an anti-model,” according to Eric Swanson, the programme manager for the Bank’s Development Data Group, which compiled the WDI, a tome of almost 400 pages covering scores of economic, social, and environmental indicators.
  
  Indeed, Cuba is living proof in many ways that the Bank’s dictum that economic growth is a pre-condition for improving the lives of the poor is over-stated, if not, downright wrong.
  
  -
  
  It has reduced its infant mortality rate from 11 per 1,000 births in 1990 to seven in 1999, which places it firmly in the ranks of the western industrialised nations. It now stands at six, according to Jo Ritzen, the Bank’s Vice President for Development Policy, who visited Cuba privately several months ago to see for himself.
  
  By comparison, the infant mortality rate for Argentina stood at 18 in 1999;
  
  Chile’s was down to ten; and Costa Rica, at 12. For the entire Latin American and Caribbean region as a whole, the average was 30 in 1999.
  
  Similarly, the mortality rate for children under the age of five in Cuba has fallen from 13 to eight per thousand over the decade. That figure is 50% lower than the rate in Chile, the Latin American country closest to Cuba’s achievement. For the region as a whole, the average was 38 in 1999.
  
  “Six for every 1,000 in infant mortality - the same level as Spain - is just unbelievable,” according to Ritzen, a former education minister in the Netherlands. “You observe it, and so you see that Cuba has done exceedingly well in the human development area.”
  
  Indeed, in Ritzen’s own field, the figures tell much the same story. Net primary enrolment for both girls and boys reached 100% in 1997, up from 92% in 1990. That was as high as most developed nations - higher even than the US rate and well above 80-90% rates achieved by the most advanced Latin American countries.
  
  “Even in education performance, Cuba’s is very much in tune with the developed world, and much higher than schools in, say, Argentina, Brazil, or Chile.”
  
  It is no wonder, in some ways. Public spending on education in Cuba amounts to about 6.7% of gross national income, twice the proportion in other Latin American and Caribbean countries and even Singapore.
  
  There were 12 primary school pupils for every Cuban teacher in 1997, a ratio that ranked with Sweden, rather than any other developing country. The Latin American and East Asian average was twice as high at 25 to one.
  
  The average youth (age 15-24) illiteracy rate in Latin America and the Caribbean stands at 7%. In Cuba, the rate is zero. In Latin America, where the average is 7%, only Uruguay approaches that achievement, with one percent youth illiteracy.
  
  “Cuba managed to reduce illiteracy from 40% to zero within ten years,” said Ritzen. “If Cuba shows that it is possible, it shifts the burden of proof to those who say it’s not possible.”
  
  Similarly, Cuba devoted 9.1% of its gross domestic product (GDP) during the 1990s to health care, roughly equivalent to Canada’s rate. Its ratio of 5.3 doctors per 1,000 people was the highest in the world.
  
  The question that these statistics pose, of course, is whether the Cuban experience can be replicated. The answer given here is probably not.
  
  “What does it, is the incredible dedication,” according to Wayne Smith, who was head of the US Interests Section in Havana in the late 1970s and early 1980s and has travelled to the island many times since.
  
  
  No one can say with any credibility that universal education and universal health care needs to be forced on any population. Castro didn't give it to them either. Together, nearly all Cubans worked hard to create the infrastructure and systems that they felt were essential for any progressive system.
  
  The Cuban people wanted universal health care for all Cubans, and they have it. They pushed for government that represented their ideals, and organized and formed infrastructure that enabled Cubans to create a fair and complete h-c system.
  
  The people of Cuba wanted universal education for all Cubans, and they have it. They pushed for government that represented their ideals, organized and formed infrastructure that enabled Cubans to create a complete and world class ed system, and they have it.
  
  Cubans want to assist the world's poor with doctors and educators, instead of gun ship diplomacy.. and that is what they have done WITH their government, not at odds with their government.

 

[Socialist]

Applying "trickle down" to Reaganomics was part of the Progressive Jihad on American capitalism and entreprenuership

It was an old theory rebranded as "Reaganomics".

So the Left attached the same old name to it.

Oh please, reaganomics was a disaster and a funny joke.

 

[g5000]

You can see here that Reagan increased the number of federal employees during his tenure: Total Government Employment Since 1962

Even subtracting out military personnel, he increased the federal labor force by over 9 percent.

 

[Sun Devil 92]

No fucking way! (The reading is interesting, it's settled once and for all, trickle down economics is a fucking joke, can't believe people still defend it.)

Wealth does not trickle down from the rich to the poor. Period.
That's not Senator Elizabeth Warren talking. That's the latest conclusion of new research from the International Monetary Fund.

In fact, researchers found that when the top earners in society make more money, it actually slows down economic growth. On the other hand, when poorer people earn more, society as a whole benefits.

The researchers calculated that when the richest 20% of society increase their income by one percentage point, the annual rate of growth shrinks by nearly 0.1% within five years.

This shows that "the benefits do not trickle down," the researchers wrote in their report, which analyzed over 150 countries.

By contrast, when the lowest 20% of earners see their income grow by one percentage point, the rate of growth increases by nearly 0.4% over the same period.

Continued here: The trickle down theory is dead wrong - Jun. 15 2015

I can easily see the correlation.....ONCE.....things have gotten to where they are today.

I can see where trickle down works in many instances too.

We are not the only country with a fat 1%.