* * * * * * * * * * * * * * * * * * * * * Are you for Trickle Down Capitalism?

[Andyd]

econ 101: obviously wrong since the poor don't cause the economy to grow. Do you understand??

Economics 102 giving money to the poor surely does grow the economy. Give 1 million dollars to a millionaire he buys 2 pair of pants give 100 dollars to 10,000 people they buy 20000 pairs of pants.

 

[phattonez]

Wow. So you are an economic liberal. Interesting.

I'm fine with people becoming very rich through hard work or new ideas to increase productivity. I'm not fine with people sitting back and collecting interest from people who are working.

 

[ataraxia]

I'm fine with people becoming very rich through hard work or new ideas to increase productivity. I'm not fine with people sitting back and collecting interest from people who are working.

Interesting. Hard to argue with that.

 

[Andyd]

Trickle down economics or what ever else you wish to call it has been proven ineffective. It is based on a series of false assumptions,mostly the Laffer Curve. The idea behind Reaganomics. Thank you Dick Chaney. (not really) Given the tax revenue response to George W. Bush tax cuts that followed Reagan’s, the odds seem pretty low that further reductions in tax rates, especially individual income tax rates, will result in anything except a decline in government revenue. Which is where we are at rising deficit.The rich get richer at the expense of the middle class which is shrinking. Karl Marx wrote almost 200 years ago about the pitfalls of capitalism many we are witnessing today. He wrote "too few end up with so much". And today in the U.S. we see just 10 people with the equivalent wealth of 70% of the population. I do not believe anyone is against capitalism as much as they are against the extreme inequality in the system. Is there a better way where more would benefit ? Karl also wrote"The history of all previous societies has been the history of class struggles".

 

[Mustachio]

The poor are actually more likely to rapidly spend that money than the wealthy (whose needs are less immediate) on local goods and services, causing the broader boost to the economy we want from a stimulus.

But take heart, because the wealthy folks that control those goods and service will still get it in the end, and it still spends even after it's been pawed up by the hoi polloi.

This ^

Poetry.

 

[Andyd]

Interesting. Hard to argue with that.

I think that may just fall under "the worst idea ever taught at IVY league schools" The return on share holder equity.

 

[washunut]

The point is not that he isn't one of the top 1% now. It's that he is telling us what the thinking in his circle of friends of investors is. When you have $80 billion dollars, a few percentage points of taxes is not going to mean much to you in terms of your lifestyle or your investments. But it does mean a lot in terms of how many more schools you can build, neighborhood health clinics, foster care for orphaned children, etc...

You still don't understand. The $80 Billion for the most part WILL NEVER BE TAXED. To be clear that equates to a zero % tax on his wealth.

 

[iguanaman]

in a free country govt is not supposed to take your money at gunpoint. That is why Founders permitted no income tax

The Founders permitted a lot of things. That's why they left us AMENDMENTS. So we would not still live in 18th Century like you do. How are your whale oil lamps holding up?

 

[iguanaman]

Trickle down economics or what ever else you wish to call it has been proven ineffective. It is based on a series of false assumptions,mostly the Laffer Curve. The idea behind Reaganomics. Thank you Dick Chaney. (not really) Given the tax revenue response to George W. Bush tax cuts that followed Reagan’s, the odds seem pretty low that further reductions in tax rates, especially individual income tax rates, will result in anything except a decline in government revenue. Which is where we are at rising deficit.The rich get richer at the expense of the middle class which is shrinking. Karl Marx wrote almost 200 years ago about the pitfalls of capitalism many we are witnessing today. He wrote "too few end up with so much". And today in the U.S. we see just 10 people with the equivalent wealth of 70% of the population. I do not believe anyone is against capitalism as much as they are against the extreme inequality in the system. Is there a better way where more would benefit ? Karl also wrote"The history of all previous societies has been the history of class struggles".

And we had our "class struggle" led by FDR in the 1930's. The right wing has been undoing it nearly 50 years. It's time to get it back. That's why we study history, because it keeps repeating.

 

[James972]

And we had our "class struggle" led by FDR in the 1930's. The right wing has been undoing it nearly 50 years. It's time to get it back. That's why we study history, because it keeps repeating.

if you study history you learn that FDR was a very very stupid man who presided over a 16 year depression and world war that killed 60 million. If anything should be undone it would be that.

 

[James972]

The Founders permitted a lot of things. That's why they left us AMENDMENTS. So we would not still live in 18th Century like you do. How are your whale oil lamps holding up?

they gave us amendments to enhance our freedom obviously, not to make Constitution a living communist constitution. Is it coincidental that our liberals spied for Stalin and HItler, and now vote for Sanders/AOC??

 

[ataraxia]

they gave us amendments to enhance our freedom obviously, not to make Constitution a living communist constitution. Is it coincidental that our liberals spied for Stalin and HItler, and now vote for Sanders/AOC??

Liberals are left wing. Fascists are right wing. You are a little confused. The word "fascism" was coined by the Italian fascists of the last century. Here is how they themselves defined it:

In the 1920s the Italian Fascists described their ideology as right-wing in the political program The Doctrine of Fascism, stating: "We are free to believe that this is the century of authority, a century tending to the 'right,' a fascist century"...

Major Italian groups politically on the right, especially rich landowners and big business, feared an uprising by groups on the left such as sharecroppers and labour unions.[58] They welcomed Fascism and supported its violent suppression of opponents on the left.[59
https://en.wikipedia.org/wiki/Fascism
[

 

[James972]

. I do not believe anyone is against capitalism as much as they are against the extreme inequality in the system.

the pure beauty and wonder of capitalism is that its based on freedom. If you don't want Tesla, for example, to succeed, and Musk to get really really rich you can not buy his products and encourage others to do same. If you are good you can kill off every entrepreneur in the bud.

 

[James972]

I do not believe anyone is against capitalism as much as they are against the extreme inequality in the system. Is there a better way where more would benefit ?

its not capitalism that causes inequality, but rather liberal interference with it. Lbsocialism killed 120 million because it discouraged work. THe more we have mixed libsocialism into capitalism the more it has created a dying lower class. Now you understand -right?

 

[ataraxia]

its not capitalism that causes inequality, but rather liberal interference with it. Lbsocialism killed 120 million because it discouraged work. THe more we have mixed libsocialism into capitalism the more it has created a dying lower class. Now you understand -right?

The last time we had pure capitalism with no safety nets was the early industrial revolution. The exploitation of child labor and the monopolies that were forming ended up being too much to tolerate any longer. No economy in the world has had pure capitalism ever since time. It’s not because they are stupid.

 

[ataraxia]

the pure beauty and wonder of capitalism is that its based on freedom. If you don't want Tesla, for example, to succeed, and Musk to get really really rich you can not buy his products and encourage others to do same. If you are good you can kill off every entrepreneur in the bud.

Do you know where else has pure freedom? The jungle.

And yet most people don’t wanna live there. Why? There’s all that freedom!

 

[Sampson Simpson]

* * * * * * * * * * * * * * * * * * * * * Are you for Trickle Down Capitalism?

Liberals call capitalism "trickle down" while conservatives call it "flood down". Republican flood down capitalism is, for example,* when Steve Jobs invents a super complex state-of-the art smart phone computer, and makes it so cheap that most of the world can afford it, or, when so much pay floods down to Americans they can spend $1 trillion on Christmas, or, when 2.6 million of us can afford to board planes every day in America.

Liberals pretend they don't like flood down capitalism so call it trickle down capitalism to imply not enough trickles down. There solution is trickle down welfare which would undermine the great flood downward always underway in America. Can anyone agree with liberals on this?
* *

you are just lying and posting complete BS, and I know you, you won't form any sort of argument, you are just trolling. But I'll post anyway

If trickle down works, why is our wealth disparity so high since Reagan put that in place and tax rates for the top has dropped drastically. why has the income disparity increased so much, to levels higher than before the depression. that right there is proof. When was the biggest growth in middle class and the wealth disparity was not anywhere close to it is now, when the tax rates on the top were very high. What more proof do you need?

or lets look at individual states. Kansas tried the trickle down approach, and nearly went broke. Or lets look at the last tax cuts for the rich, they bought back stocks and are continuing to move jobs overseas and many companies laying people off. Again, proof trickle down doesn't work.

I can go on and on with irrefutable proof trickle down is complete BS

 

[Sampson Simpson]

Yeah, it's so great that a lower percentage of young Americans own their homes today than in years past despite having more training and working longer, thus delaying marriage and family formation and getting into more debt.

But at least my computer is fast!

Sent from my phone. Instaurare omnia in Christo.

Really high poverty rates, more than half the country with no savings, living paycheck to paycheck. Many welfare recipients working full times jobs but still need help. Yeah, trickle down is great. these people are such dishonest, moronic scum. probably trolls paid by some greedy billionaires to spread lies to other idiots

 

[James972]

Do you know where else has pure freedom? The jungle.

And yet most people don’t wanna live there. Why? There’s all that freedom!

no police in jungle so its not free;you are wrong yet again. embarrassing

 

[Sampson Simpson]

As suspected, the usual cast of right wing trolls posting one line, inaccurate statements with nothing to back it up and deflecting all the arguments that prove them wrong. Same ****, different day

 

[James972]

If trickle down works, why is our wealth disparity so high since Reagan

dear, we have no had trickle down since Reagan, liberal govt has grown 5 times bigger since Reagan. See how easily you are defeated?

 

[James972]

tax rates for the top has dropped drastically.

top 1% paid 20% of tax revenue collected in 1980, but 44% now. See how your handlers tricked you?

 

[James972]

deflecting all the arguments that prove them wrong.

if true why so afraid to present the best of these arguments rather than pretend they exist? Why did you learn from your fear??

 

[James972]

Yeah, trickle down is great.

you're handlers told you we have trickle down, when really we have govt far bigger than ever. See how they abused you?

 

[James972]

many companies laying people off. Again, proof trickle down doesn't work.

I can go on and on with irrefutable proof trickle down is complete BS

proof??? laying off?? employment is 97%!!!! France, a liberals wet dream, has 10% unemployment, double our tax rates, and the poor and middle class literally rioting in the streets because they cant makes ends meet!! Do you understand how you make no sense just repeating gibberish as your handlers demand??