CultureCitizen
Silver Member
- Jun 1, 2013
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Not all tricke up policy is good, some of it can be frankly very bad .
The purpose of this thread is to support "tricke up policy" as well as gather evidence that tricke up can be as effective as tricke down.
So my first piece of evidence that trickle up is to be prefered to trickle down is this TED talk.
Points of interest of the talk:
Effective tax rates have declined, but this has not translated in higher employment rate.
A rich person can earn hundreds or thousands more than a poor person , but he doesn't spend the as much as all those people put together ( this translates in falling consumption ).
If the median household income had kept a pace with economy it would now be 92,000 and not 50,000. When the middle class thrives , business grow and hire and business get proffits.
Hence taxing the rich to create investments that beneffit all is a fantastic idea.
Rich people do not create jobs, jobs are a consequence of a feedback loop between customers and businesses.
The purpose of this thread is to support "tricke up policy" as well as gather evidence that tricke up can be as effective as tricke down.
So my first piece of evidence that trickle up is to be prefered to trickle down is this TED talk.
Points of interest of the talk:
Effective tax rates have declined, but this has not translated in higher employment rate.
A rich person can earn hundreds or thousands more than a poor person , but he doesn't spend the as much as all those people put together ( this translates in falling consumption ).
If the median household income had kept a pace with economy it would now be 92,000 and not 50,000. When the middle class thrives , business grow and hire and business get proffits.
Hence taxing the rich to create investments that beneffit all is a fantastic idea.
Rich people do not create jobs, jobs are a consequence of a feedback loop between customers and businesses.
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