What is "Trickle Down Economics"?

[EconChick]

It is only through the supply side that innovation can be spurred, Keynes was not so much wrong, as narrow minded in his views; yes, if labor controls the economy, the wealth of labor will increase. Without the markets & supply increasing however, there will be no re input of that wealth. Products & services must increase in order for earned wealth to be reinvested in the economy. Thus Keynes should be discarded, old theory, and incompete.

Third World countries. One of the things they all had in common was a small, very rich elite, small middle class, and a large lower class. They also shared very low economic growth as a result. This has been known for at least 50 years. The US has been going in this direction for at least the last 30 years as we have gradually de-industrialized and government policies (such as trickle down economics, 'free trade', etc) have promoted the shift of wealth from the lower and middle classes to the economic eliteNo


The Economists' statement opposing the Bush tax cuts was a statement signed by roughly 450 economists, including ten of the twenty-four American Nobel Prize laureates alive at the time, in February 2003 who urged the U.S. President George W. Bush not to enact the 2003 tax cuts; seeking and sought to gather public support for the position. The statement was printed as a full-page ad in The New York Times and released to the public through the Economic Policy Institute. According to the statement, the 450 plus economists who signed the statement believe that the 2003 Bush tax cuts will increase inequality and the budget deficit, decreasing the ability of the U.S. government to fund essential services, while failing to produce economic growth.


In rebuttal, 250 plus economists who supported the tax plan wrote that the new plan would "create more employment, economic growth, and opportunities for all Americans."


WHICH side was correct again?


U.S. capital gains rates vs. GDP

U.S. tax brackets and GDP

Straight marginal rates vs. GDP

Why is it that duche bag democrats just can't stop crying about what other people have? Wealth is not a zero sum game retard.

Not only that, the libs arguing economics on this Board are so lacking in critical thinking skills that I have to wonder if they even graduated from high school.

Anyone who uses Wikipedia as their first, or even worse, their only source gets an F in critical thinking.

Wikipedia is crowd sourced by God only knows who.

Most of the shit found on the internet has a heavy liberal bias because it's created by libs. Google, Facebook, Wiki......they're all started by big lib contributors.

And yet the dullards don't think to look at the bias.

And that's why we're witnessing the complete revision of economic history and the Bizzarro World we now live in.

 

[RKMBrown]

The best example I've seen of trickle down economics is when a city gives a corporation an incentive like a tax break to move to the city bringing a substantial number of jobs to the city. The people are happy cause they like the income they receive. The corporation is happy because they get to improve their profit. The city is happy because, lets face it when the people have money the city prospers and when the people are out work the city does not prosper... see detroit for example of what happens when the corporations leave.

In contrast, when you demonize investors and tax the shit out of them... they tend to leave with their money and lay off their workers.

Our founders had the answer. We had the answer after WWII. Then the communist leaches took over the democrat party and welfare handouts became the norm over jobs. Now you can be just fine and dandy living in detroit without a job. Who needs work when you have trickle down welfare.

How does the US benefit from Corps moving jobs from city A to city B?

How corporate socialism destroys: David Cay Johnston

A proposal to spend $250 million of taxpayer money on a retail project here illustrates the damage state and local subsidies do by taking from the many to benefit the already rich few.

Nationwide state and local subsidies for corporations totaled more than $70 billion in 2010

RPT-COLUMN-How corporate socialism destroys: David Cay Johnston | Reuters

On the national/international scale the question would be how does the US benefit from corps moving to this country instead of away from this country. I provided an example on a local scale.

But to answer your question, we are a republic, and being a republic states that are not conducive to investments deserve what they get.

If you don't want liberty in your state you are free to ban subsidies. Let me guess you don't like the fact that one company can offer people a rate of pay that is higher than other company, that's just not fair right? Yeah we should all be forced to work for nothing and receive our feed from government distribution centers.

 

[Dad2three]

Nope, guess again.

Rabbi Threads 101

Rabbi: You cannot define X

Numerous posters: Proceed to thoroughly define X

Rabbi: See? You cannot define X

PLease post where you have defined trickle down economics. Posting cartoons and snark isnt defining anything, brainiac.

Trickle-Down Theory. Definition of 'Trickle-Down Theory' An economic idea which states that decreasing marginal and capital gains tax rates - especially for corporations, investors and entrepreneurs - can stimulate production in the overall economy.

Trickle Down Theory Definition | Investopedia



WEIRD, DIDN'T RONNIE HAVE A TOP RATE OF 50% UNTIL 1987?

 

[EconChick]

The lefties here frequently mock "trickle down economics" as the cause of our slow economy. So what is trickle down economics? I want to hear an explanation. Snarky responses like "it's what the GOP believes" will be thrashed soundly.

Translation: I have no idea what I'm talking about, but I will make fun of people who know more.

Really? And your economic credentials are what? Because I could easily have been the one to post that. And dude, good luck thinking you can out do the years of expertise I have.

You libs need to throw in the towel. Did you not see today's NBC poll on what a disaster the economy is??????????????????????????????????

 

[Dad2three]

The best example I've seen of trickle down economics is when a city gives a corporation an incentive like a tax break to move to the city bringing a substantial number of jobs to the city. The people are happy cause they like the income they receive. The corporation is happy because they get to improve their profit. The city is happy because, lets face it when the people have money the city prospers and when the people are out work the city does not prosper... see detroit for example of what happens when the corporations leave.

In contrast, when you demonize investors and tax the shit out of them... they tend to leave with their money and lay off their workers.

Our founders had the answer. We had the answer after WWII. Then the communist leaches took over the democrat party and welfare handouts became the norm over jobs. Now you can be just fine and dandy living in detroit without a job. Who needs work when you have trickle down welfare.

How does the US benefit from Corps moving jobs from city A to city B?

How corporate socialism destroys: David Cay Johnston

A proposal to spend $250 million of taxpayer money on a retail project here illustrates the damage state and local subsidies do by taking from the many to benefit the already rich few.

Nationwide state and local subsidies for corporations totaled more than $70 billion in 2010

RPT-COLUMN-How corporate socialism destroys: David Cay Johnston | Reuters

On the national/international scale the question would be how does the US benefit from corps moving to this country instead of away from this country. I provided an example on a local scale.

But to answer your question, we are a republic, and being a republic states that are not conducive to investments deserve what they get.

If you don't want liberty in your state you are free to ban subsidies. Let me guess you don't like the fact that one company can offer people a rate of pay that is higher than other company, that's just not fair right? Yeah we should all be forced to work for nothing and receive our feed from government distribution centers.

US GOV'T POLICY FOR NEARLY 200 YEARS KEPT JOBS FROM BEING OFF SHORED, SINCE CORPS GET THE VAST MAJORITY OF PROFITS FROM THE US, WHY CAN'T WE HAVE POLICIES THAT PROTECT THEM?


Oh we AREN'T a society and red states can race to the bottom as fast as possible?

Blue States are from Scandinavia, Red States are from Guatemala A theory of a divided nation


In the red states, government is cheaper, which means the people who live there pay lower taxes. But they also get a lot less in return. The unemployment checks run out more quickly and the schools generally aren’t as good. Assistance with health care, child care, and housing is skimpier, if it exists at all. The result of this divergence is that one half of the country looks more and more like Scandinavia, while the other increasingly resembles a social Darwinist’s paradise.


Blue States are from Scandinavia, Red States are from Guatemala | New Republic

 

[The Rabbi]

It is only through the supply side that innovation can be spurred, Keynes was not so much wrong, as narrow minded in his views; yes, if labor controls the economy, the wealth of labor will increase. Without the markets & supply increasing however, there will be no re input of that wealth. Products & services must increase in order for earned wealth to be reinvested in the economy. Thus Keynes should be discarded, old theory, and incompete.

From what I remember of Keynesian economics, the main concept is government deficit spending can be used to fix an economic downturn. However what we currently do is not Keynesian because the theory states that you remove that debt during economic upturns, i.e. you use the surplus to pay off the debt.

We do not do that now, we use up any surplus to expand the size of government, so we only use the first part of the Keynesian cycle.

You mean since Reaganomics took hold right?

Of course Clinton was on pace to pay off the debt, remember Ayn Rand Greenspan going in front of Congress for Dubya arguing Clinton's policies were in danger of paying the debt down to fast? Dubya/GOP took care of that!

AHHHH> BUSH LIED US INTO WAR> CHENEY IS A WAR CRIMINAL!!! BUSH HAD TWO UNFUNDED UNJUST WARS. HE IS A WAR CRIMINAL!! AGGHHHHHH.

Dad is a crack addict, and a low information one at that.

 

[EconChick]

Rabbi Threads 101

Rabbi: You cannot define X

Numerous posters: Proceed to thoroughly define X

Rabbi: See? You cannot define X

PLease post where you have defined trickle down economics. Posting cartoons and snark isnt defining anything, brainiac.

Trickle-Down Theory. Definition of 'Trickle-Down Theory' An economic idea which states that decreasing marginal and capital gains tax rates - especially for corporations, investors and entrepreneurs - can stimulate production in the overall economy.

Trickle Down Theory Definition | Investopedia



WEIRD, DIDN'T RONNIE HAVE A TOP RATE OF 50% UNTIL 1987?

NO

WRONG AGAIN.

You've been completely discredited. Why do you keep throwing out BS stats?

 

[NYcarbineer]

[

Anyone who uses Wikipedia as their first, or even worse, their only source gets an F in critical thinking.

Wikipedia is crowd sourced by God only knows who.

Most of the shit found on the internet has a heavy liberal bias because it's created by libs. Google, Facebook, Wiki......they're all started by big lib contributors.

And yet the dullards don't think to look at the bias.

And that's why we're witnessing the complete revision of economic history and the Bizzarro World we now live in.

If you were as educated as you claim you'd know that one of the most common logical fallacies is to attack the messenger in an attempt to discredit the message.

 

[Dad2three]

The lefties here frequently mock "trickle down economics" as the cause of our slow economy. So what is trickle down economics? I want to hear an explanation. Snarky responses like "it's what the GOP believes" will be thrashed soundly.

Translation: I have no idea what I'm talking about, but I will make fun of people who know more.

Really? And your economic credentials are what? Because I could easily have been the one to post that. And dude, good luck thinking you can out do the years of expertise I have.

You libs need to throw in the towel. Did you not see today's NBC poll on what a disaster the economy is??????????????????????????????????

The 'Doctorate' in Economics pulling out a POLL to prove her economic theory, again, lol

Yes, Dubyas/GOP left US in a DEEP hole. Slowly but surely Obama has pulled US out of it

 

[Dad2three]

PLease post where you have defined trickle down economics. Posting cartoons and snark isnt defining anything, brainiac.

Trickle-Down Theory. Definition of 'Trickle-Down Theory' An economic idea which states that decreasing marginal and capital gains tax rates - especially for corporations, investors and entrepreneurs - can stimulate production in the overall economy.

Trickle Down Theory Definition | Investopedia



WEIRD, DIDN'T RONNIE HAVE A TOP RATE OF 50% UNTIL 1987?

NO

WRONG AGAIN.

You've been completely discredited. Why do you keep throwing out BS stats?

What was wrong? Investopedia's definition? Ronnie didn't have a top tax rate of 50% for 6 years? CBO's numbers are bad? lol

 

[The Rabbi]

The lefties here frequently mock "trickle down economics" as the cause of our slow economy. So what is trickle down economics? I want to hear an explanation. Snarky responses like "it's what the GOP believes" will be thrashed soundly.

Translation: I have no idea what I'm talking about, but I will make fun of people who know more.

You havent proven you know more. Actually the opposite. You didnt even try to answer the question.

 

[martybegan]

Tell us about your "real world experience" Marty. We can all use a good laugh.

17 years of Engineering work, budgeting for major (50 million plus) public works projects. Managing said projects, doing the basic research for the basis of said projects.

ANOTHER conservative sucking off the teet of Gov't that hates Gov't. Shocking

No, we actually provide a product/service for the money we receive. Also as a contractor, we can easily be thrown of the job if we do not meet our contractual requirements.

And its for city government, not federal government, so any of my positions when it comes to the federal government being too big are moot.

 

[nodoginnafight]

The lefties here frequently mock "trickle down economics" as the cause of our slow economy. So what is trickle down economics? I want to hear an explanation. Snarky responses like "it's what the GOP believes" will be thrashed soundly.

Translation: I have no idea what I'm talking about, but I will make fun of people who know more.

Really? And your economic credentials are what? Because I could easily have been the one to post that. And dude, good luck thinking you can out do the years of expertise I have.

You libs need to throw in the towel. Did you not see today's NBC poll on what a disaster the economy is??????????????????????????????????

If you spent any money on your education, that's not a very compelling argument in support of your economic acumen.

You are a salesman. You try to sell gloom and doom for political purposes. And in doing so, you ensure that no one will be listening if you ever sound a legitimate alarm.

 

[Dad2three]

From what I remember of Keynesian economics, the main concept is government deficit spending can be used to fix an economic downturn. However what we currently do is not Keynesian because the theory states that you remove that debt during economic upturns, i.e. you use the surplus to pay off the debt.

We do not do that now, we use up any surplus to expand the size of government, so we only use the first part of the Keynesian cycle.

You mean since Reaganomics took hold right?

Of course Clinton was on pace to pay off the debt, remember Ayn Rand Greenspan going in front of Congress for Dubya arguing Clinton's policies were in danger of paying the debt down to fast? Dubya/GOP took care of that!

AHHHH> BUSH LIED US INTO WAR> CHENEY IS A WAR CRIMINAL!!! BUSH HAD TWO UNFUNDED UNJUST WARS. HE IS A WAR CRIMINAL!! AGGHHHHHH.

Dad is a crack addict, and a low information one at that.

So ONCE MORE you can't refute a FACT. You don't remember Ayn Rand Greenspan's visit to the GOP Congress? lol

 

[martybegan]

It is only through the supply side that innovation can be spurred, Keynes was not so much wrong, as narrow minded in his views; yes, if labor controls the economy, the wealth of labor will increase. Without the markets & supply increasing however, there will be no re input of that wealth. Products & services must increase in order for earned wealth to be reinvested in the economy. Thus Keynes should be discarded, old theory, and incompete.

From what I remember of Keynesian economics, the main concept is government deficit spending can be used to fix an economic downturn. However what we currently do is not Keynesian because the theory states that you remove that debt during economic upturns, i.e. you use the surplus to pay off the debt.

We do not do that now, we use up any surplus to expand the size of government, so we only use the first part of the Keynesian cycle.

Keynesian policies fail to work regardless of how they're done. There's plenty history to show that.

Well they sure as hell don't work when they are only 1/2 followed, that's for sure.

 

[The Rabbi]

Translation: I have no idea what I'm talking about, but I will make fun of people who know more.

Really? And your economic credentials are what? Because I could easily have been the one to post that. And dude, good luck thinking you can out do the years of expertise I have.

You libs need to throw in the towel. Did you not see today's NBC poll on what a disaster the economy is??????????????????????????????????

The 'Doctorate' in Economics pulling out a POLL to prove her economic theory, again, lol

Yes, Dubyas/GOP left US in a DEEP hole. Slowly but surely Obama has pulled US out of it

Another idiot who cant read a chart.

 

[Dad2three]

17 years of Engineering work, budgeting for major (50 million plus) public works projects. Managing said projects, doing the basic research for the basis of said projects.

ANOTHER conservative sucking off the teet of Gov't that hates Gov't. Shocking

No, we actually provide a product/service for the money we receive. Also as a contractor, we can easily be thrown of the job if we do not meet our contractual requirements.

And its for city government, not federal government, so any of my positions when it comes to the federal government being too big are moot.

"ANOTHER conservative sucking off the teet of Gov't that hates Gov't. Shocking"

 

[The Rabbi]

Translation: I have no idea what I'm talking about, but I will make fun of people who know more.

Really? And your economic credentials are what? Because I could easily have been the one to post that. And dude, good luck thinking you can out do the years of expertise I have.

You libs need to throw in the towel. Did you not see today's NBC poll on what a disaster the economy is??????????????????????????????????

If you spent any money on your education, that's not a very compelling argument in support of your economic acumen.

You are a salesman. You try to sell gloom and doom for political purposes. And in doing so, you ensure that no one will be listening if you ever sound a legitimate alarm.

That wasnt even coherent. Not even for you.

 

[Dad2three]

Really? And your economic credentials are what? Because I could easily have been the one to post that. And dude, good luck thinking you can out do the years of expertise I have.

You libs need to throw in the towel. Did you not see today's NBC poll on what a disaster the economy is??????????????????????????????????

The 'Doctorate' in Economics pulling out a POLL to prove her economic theory, again, lol

Yes, Dubyas/GOP left US in a DEEP hole. Slowly but surely Obama has pulled US out of it

Another idiot who cant read a chart.

Yes, Dubya and his 'job creator' policies = Dubya losing 1.2+ million PRIVATE sector jobs in 8 years

Obama and his horrible socialist economy has 10+ million PRIVATE sector jobs since hitting Bush's bottom March 2010

Bureau of Labor Statistics Data

 

[The Rabbi]

ANOTHER conservative sucking off the teet of Gov't that hates Gov't. Shocking

No, we actually provide a product/service for the money we receive. Also as a contractor, we can easily be thrown of the job if we do not meet our contractual requirements.

And its for city government, not federal government, so any of my positions when it comes to the federal government being too big are moot.

"ANOTHER conservative sucking off the teet of Gov't that hates Gov't. Shocking"

You clearly dont know what you are talking about.
Yo are clearly on crack and need medical attention.