disneydude
DP Veteran
- Joined
- Jan 30, 2006
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Even Reagen knew his initial tax cuts went too far. Trickle-down economics has been proven false time and time again. Not to mention, it's just common sense. When people make money, they don't give it away, they invest it so that they can make more money with it.
So when they invest it, it goes to some magic never-neverland, right?
This shouldn't be news to anyone.
Any number of places, but not down.
A very small part of it does go down. It's true that a rising tide lifts all boats, it's just that some boats are being lifted at a much faster rate than others.
As long as we have a government that constinues to kill middle class jobs, the gap will keep getting wider.
How has government done this?
Drilling moratorium, tax hikes, sabotaging of the economy, over-regulation.
:lamo
The only one that may have hurt any at all is the first one, and there may be good reason to stop it. The spill itself hurt even more.
But there is no evidence taxes significantly effect jobs. And we've had a good economy with regulations, and seen problems without regulations. Much of our present problems may hold some fault in under regulation, not over regulation.
Ever since Reagan drastically cut taxes for the wealthiest of Americans, the rich have been getting richer at an astronomical pace. Check out this interesting article that documents the growing disparity between the top1% of the population and the remaining 99%....
Separate but unequal: Charts show growing rich-poor gap - Yahoo! News
Believe that...:lamo
Yeah I do. And I would love to any actual evidence to the contrary. Not someone's opinion, but verifiable evidence. I'd be more than willing to look at it.
How's that hope-n-change working out for us? :lamo
Why is this a surprise for anyone? Trickle down economics hasn't ever worked. Anywhere. Ever. Just look at Africa. The rich simply get richer and reserve the wealth for themselves. How many jobs does buying a Lamborghini create for Africans? How many jobs does buying a $10,000 Rolex create in Switzerland? At the most one could argue that some aspects of trickle down economics preserve jobs. As for 'creating them'? Hardly. The wonders of Taylorism have made it so that companies are constantly looking for ways to cut down costs and number of employees. I personally believe that thanks to industrial sciences, industrialism has reached a point where it is simply impossible to create more jobs in any meaningful way. Whether this is due to the explosion of human population in the 20th century is unknown, what I do know is that it makes trickle down economics obsolete and irrelevant.
What should we do, instead? Give the government all our money and let them distribute it as they see fit?
As long as we have a government that constinues to kill middle class jobs, the gap will keep getting wider.
A very small part of it does go down. It's true that a rising tide lifts all boats, it's just that some boats are being lifted at a much faster rate than others.
No one suggests any such thing. But you might support workers more, like in Wisconsin,
and maybe ask more of business nd not just give them a pass and get next to nothing from them. Just a thought. . . . :coffeepap
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