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Trickle down economics does little to benefit the people. You're an idiot for believing it does.

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posted on Nov, 8 2017 @ 09:24 AM
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Southern Guardian, you are spot on. Trickle down economics is but rhetoric designed to deceive the working class. I'm not sure why people continue to believe there is any merit to this lie, actually. There has been a massive transfer of wealth from the middle class to the upper class over the past 40 years. What else needs to happen to convince working people that they deserve more but are being screwed. The rich don't need more wealth transfer. Do not support Trump's tax reform plan. The plan will not benefit anyone. Why? Because the upper class will get the bulk of the cuts and don't need more wealth. And the 99 percent will lose yet more. Dumb. Irresponsible. Greedy. Callous.




posted on Nov, 8 2017 @ 09:27 AM
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Nothing like attempting to state your case and immediately calling anyone who disagrees with you an Idiot. But that's pretty much the Liberal way these days.



posted on Nov, 8 2017 @ 09:47 AM
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I would rather live in a country with a vibrant economy dictated by market demand than a centralized dictated economy like the USSR. We see how well it worked for the USSR.

Black market jeans anyone?
edit on 8-11-2017 by neutronflux because: Added and fixed



posted on Nov, 8 2017 @ 10:33 AM
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a reply to: Southern Guardian

You've gotta spend money to make money-which is why the big companies outsource to avoid minimum wage laws because they want to keep their wallets fat and screw the plebs and their concerns.

Look at the dickensian workshops in Bangladesh-a pair of sneakers sells for sixty bucks in Manhattan-but to the people who made them earn sixty bucks a month! I applaud Trump for trying to coerce corporations to hire locally, but they wont comply because even with all those tax avoidance measures they still won't part with 'my precious' AKA money.

Poverty keeps rising and more jobs are being moved overseas, trickle down effect my ass.



posted on Nov, 8 2017 @ 11:21 AM
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Trickle down economics does little to benefit the people. You're an idiot for believing it does

I agree!

Obviously robbing from the rich and giving to the poor DOES NOT WORK.

Trickle down people.



posted on Nov, 8 2017 @ 12:06 PM
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originally posted by: neo96
Trickle down economics does little to benefit the people. You're an idiot for believing it does

I agree!

Obviously robbing from the rich and giving to the poor DOES NOT WORK.

Trickle down people.



Youre only stealing back what was stolen. The minimum wage came down from 21$ inflation adjusted, because congress is in the pockets of the wealthy. They also were allowed to exploit foreigners working for peanuts. And given patent chests stifling innovative startups.

You shouldnt get away with not paying a living wage or paying less year after year. Its theft and here come the retail apocalypse of america. As being able to donate a few dollars from time to time in many cases from upper class stay at home do nothings bares nothing on the retail collapse. Americans have been squeezed dry and have had to pile debt sky high to make ends meet. Profits can only go down from here.

edit on 8-11-2017 by Xenogears because: (no reason given)



posted on Nov, 8 2017 @ 12:10 PM
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a reply to: Xenogears

How is that ?

Fiat currency was created by the STATE.

I really do love it when people fight over NOTHING.

Since that is what FIAT currency is.



posted on Nov, 8 2017 @ 01:55 PM
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a reply to: neo96


I agree!

Obviously robbing from the rich


Where in the OP does it say anything about robbing the rich?

It's a common tactic among supporters of Voodoo economics, trickle down economics. This idea that because you oppose tax cuts heavily favoring the wealthy, you support "communism". It's a strawman.
edit on 8-11-2017 by Southern Guardian because: (no reason given)



posted on Nov, 8 2017 @ 02:04 PM
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a reply to: Thecakeisalie


You've gotta spend money to make money-which is why the big companies outsource to avoid minimum wage laws because they want to keep their wallets fat and screw the plebs and their concerns.


Yes. Why pay an American the minimum $9.00 an hour required for him to survive and live when you can pay somebody in India 50 cents? Screw the small man indeed.


I applaud Trump for trying to coerce corporations to hire locally,


Trump wins visas to hire 70 foreign workers at Mar-a-Lago

Trump's Carrier deal is not living up to the hype — jobs still going to Mexico

Campaign talk. He's not trying hard enough, evidently. But he'll tell you he's trying.


Poverty keeps rising and more jobs are being moved overseas, trickle down effect my ass.


Indeed.



posted on Nov, 8 2017 @ 02:37 PM
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a reply to: Southern Guardian

OK, let's play. We seem to agree with what the problem is, but we disagree on the solution. Minimum wage laws aren't a solution, especially when done in absence of national protectionist policies. If you want to stop American manufacturers from going to India, slap import tariffs on goods made in India. I am 100% in favor of that. There seems to be an infatuation with stringent environmental policies, heavy handed regulations on worker compensation and benefits, and taxation of domestic production... all of which have been the primary contributors to the vanishing American manufacturing industry since global free trade became a thing.



posted on Nov, 8 2017 @ 03:14 PM
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a reply to: Southern Guardian

It was not like that 40 years ago. This is not a new problem. It is a created problem. In the late 90's everyone was sure the future was the internet. Jobs would all be computerized. This lead to a reduction in US manufacturing. US R&D. There was so much 'money' it was all sold away. Then comes NAFTA. Small towns were destroyed under this new economy. Then the Internet bubble burst and all those people who were 'millionaires' on paper were gone. Then the housing crisis in the early 2000's. By this time the middle class is already being decimated. It sucks to look back now and see the collapse as it almost succeeded.

We pay more to export goods than to import them. We are the largest energy producing state in the world. We have the strongest military in the world. Our past leadership however was selling us out to a global economy. That NWO conspiracy? It was no conspiracy. It was truth and politicians and businesses did not care. Huge Tax Breaks and bail outs. ARRA was a signed sealed delivered pay out.

Lowering taxes and stopping bloated government spending is the only way to recover now.


edit on Novpm30pmf0000002017-11-08T15:15:45-06:000345 by matafuchs because: (no reason given)



posted on Nov, 8 2017 @ 03:22 PM
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Well the term "trickle down" in itself should tell you something. A little coming from a large mass.



posted on Nov, 8 2017 @ 04:52 PM
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a reply to: Southern Guardian



[...]
And 1989 was a point of acceleration for the financialization of the economy, which brings me to the point: this economy is a hoarding economy, not a productive economy. Hoarding is rewarded over production. Inflating stock prices with buy-backs is rewarded. Inflated valuations and speculation are rewarded. Exotic financial devices that repackage and sell debt are rewarded. Cutting the cost of labor is rewarded. And the people at the top are rewarded for stoking stock prices, no matter the P/E ratio. And shorting your own bad decisions is rewarded … and your simple greed is bailed-out if your bottom line was big enough.

That’s because this economy is a rigged game rooted in speculation and salesmanship and vaporware. Trump touts the $5 trillion of wealth “created” in the stock market … but it’s all just paper … or, actually, just data stored on computers. IF it becomes tangible wealth because the holders of the data decide to cash out and take some profits, that’s going to be enjoyed by the top 10% of Americans who hold 80% of the stock market.

If the Republican tax cut comes through you can expect some profit-taking. The market has been rising on speculation of a tax cut, after all. Why not visit Wall Street’s magical ATM machine? And just like the previous two tax cuts (Reagan/BushII), this will put money in the hands of the people at the top who’ve shown since 1981 that they have no inclination to share their wealth with “the workers” in the form of raises, in spite of their own meteoric compensation.

Why would they hand out higher wages now … particularly with a whole new robotic workforce on the horizon? Why not hoard the wealth and take advantage of the initial cut to, and the eventual end of, the estate tax, which already only applies to multimillionaires and – through its elimination – will allow wealth to be passed on from one generation of plutocrats to the next? So, why not cement your own family’s elite position before the next shock? And why give raises to people who’ve become grateful to just have a job … or two jobs, as the case may be?

No, like the Reagan and Bush tax cuts, this Congressionally-sanctioned hoarding will be the predictable prelude to another leg in America’s perpetual boom-and-bust cycle … which eventually will lead to another call for tax cuts to advance the hoarding process at the top even more. That is, if there is anything left.

Recycled GOP Promises of ‘Trickle Down’


The left ceases to exist? Hah! Take that, stupid lefties!

#MakeAmerikkkaGreedyAgain


edit on 8-11-2017 by PublicOpinion because: (no reason given)

edit on 8-11-2017 by PublicOpinion because: (no reason given)



posted on Nov, 8 2017 @ 09:37 PM
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Have there been many examples of a 'middle class' throughout history?

No?

Maybe what we have experienced since the end of WWII is an anomaly. We are simply returning to the societal structure of history. Rulers and Slaves.

It is kind of a shame that we had a taste of what could have been before we return to normal.



posted on Nov, 8 2017 @ 11:44 PM
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Imo, the problem is much more complex. Trickle down economics is just 1 variable to the increasing wealth gap. In a free market trickle down economics works but we don't have a free market. A bigger influence is that the dollar is constantly being depreciated in value, by the manipulation of interest rates & the inflation of our fiat money supply. The US dollar has lost @ 90% of its value since the US went bankrupt in 1971 and Nixon took us off the gold standard. Every dollar one makes today is worth less in the future. Another negative influence on the economy is the number of government jobs/programs which don't produce anything of value but are actually racketeering schemes for corrupt career politicians & their corporate puppet masters. If we ended all social/welfare programs & used the money spent on these programs to offer a Universal Basic Income, each US citizen who is over 18 & who doesn't receive a federal funded pension could receive an @ $20-25K per year UBI, regardless if they have a job or not. They could then spend that money in the free market on basic needs like housing, food, health insurance & education. The mininum wage could also be eliminated with a UBI. This can be done without raising taxes.



posted on Nov, 9 2017 @ 02:19 AM
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The three richest people in the US only have as much wealth as the bottom 50% if the US population.

Clearly tax cuts for the rich are needed to get that figure up so everyone can be better off...
edit on 9-11-2017 by ScepticScot because: (no reason given)



posted on Nov, 9 2017 @ 01:19 PM
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a reply to: Southern Guardian

I always think "Horse and Sparrow"

The first time Trickle Down economics was sold to the common man was in the late 1800's and it led to the great panic of 1896.

Feed a horse enough oats and eventually the sparrows get fed picking the left-overs out of the manure the horse leaves behind.




edit on 9-11-2017 by soberbacchus because: (no reason given)



posted on Nov, 9 2017 @ 01:33 PM
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originally posted by: Thecakeisalie
a reply to: Southern Guardian

Look at the dickensian workshops in Bangladesh-a pair of sneakers sells for sixty bucks in Manhattan-but to the people who made them earn sixty bucks a month!






I applaud Trump for trying to coerce corporations to hire locally, but they wont comply because even with all those tax avoidance measures they still won't part with 'my precious' AKA money.


See above.



posted on Nov, 9 2017 @ 02:50 PM
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a reply to: soberbacchus

So what? What does that mean except that it shows that it is cheaper to buy and produce good elsewhere. He is proving his point.

A poor businessman would pay 4 times as much in the US and go bankrupt.



posted on Nov, 9 2017 @ 02:51 PM
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a reply to: soberbacchus

There were not even Federal Taxes then so what are you going on about?



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