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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, 7 2017 @ 12:02 AM
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Yeah because socialism is doing so well *smh*

Capitalism works.. the problem is there is too much corruption, and very little competition.




posted on Nov, 7 2017 @ 12:07 AM
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originally posted by: Bluesma
It trickles.... but once an entity is really big, it trickles down over the borders...

The American companies are buying up companies over here in this country, introducing low wage for long hours, no job security, less time for family and american terminology into the culture like "burnout".

But it is working in terms of creating more jobs, just not within the USA.


How can that be? Trump promised us that he would force American companies to move back to the US and hire Americans.



posted on Nov, 7 2017 @ 12:10 AM
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The economy we had in the 80's wasn't perfect... but it's certainly better than whatever happened under the last administration.





posted on Nov, 7 2017 @ 01:25 AM
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originally posted by: Bluesma
It trickles.... but once an entity is really big, it trickles down over the borders...

The American companies are buying up companies over here in this country, introducing low wage for long hours, no job security, less time for family and american terminology into the culture like "burnout".

But it is working in terms of creating more jobs, just not within the USA.


Indeed. There's a major debate about Corporate taxes or general big business taxes and how cutting them would drastically trickle into jobs but we know this isn't the case. Indiana, VP Pence's home state, is a good example of this. Carrier still went ahead with cutting and outsourcing jobs to Mexico despite the $100,000s worth in tax cuts they received from Indiana. Trump made a $7 million tax cut deal with them the end of last year to save some 1200 jobs. Carrier has still proceeded to cut many of these jobs.



posted on Nov, 7 2017 @ 01:41 AM
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a reply to: Southern Guardian

Glad someone out there knows this. I had hoped this would be known just a widely as its known that night follows day.

Unfortunately many believe trickle down economics is a good thing because employers know how to make the best use of money and create jobs.



posted on Nov, 7 2017 @ 01:47 AM
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a reply to: Subsonic


The rich don't need to lose their wealth in order for the middle class and the poor to gain wealth.


In translation. "You're a commie and you want to redistribute wealth!" which isn't at all what the OP is saying.


The rich can keep their wealth while we enact economic policy to increase the pie in favor of the middle class and the poor.


My earlier recommendation I posted. There are many ideas on this.


When you allow the rich to continue being rich, they tend to invest their money in various ways that tend to stimulate economic growth.


There's no suggestion in the OP that we elminate the rich. The fundamental issue is with the continued income divide, and this idea that top side tax cuts are somehow benefitting the lower classes, contrary to the trend.


Economic growth in turn creates jobs, jobs that employ middle and lower class people.


If you're suggesting tax cuts heavily in favor of the wealthy creates jobs and stimilates the economy, studies disagree;


The tax framework that the Trump Administration and congressional Republican leaders announced on September 27 includes massive tax cuts that overwhelmingly benefit high-income and high-wealth individuals. Proponents claim they will create jobs and boost economic growth; for example, Treasury Secretary Steven Mnuchin claims that that the framework would help the economy “get back to sustained 3 percent GDP or higher, which adds literally millions and millions of jobs.” In reality, tax cuts for high-income people and corporations won’t likely lead to substantial job growth and could even cost jobs

www.cbpp.org...


Lastly, the rich know better than anyone that too many people without disposable income is a bad thing. It's the rest of us middle and lower bracket folks that buy the stuff that make the rich folks rich! They WANT us to be wealthier,


Yet time and time again we find they're not investing as much back into the economy in the form of jobs, development, when they receive these major cuts. Trends are showing a different result.

No sources in that post of yours either. Just opinion.



posted on Nov, 7 2017 @ 02:14 AM
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A couple of things:

1) Taxes: You can't give someone a tax cut if they aren't paying taxes. The bulk of the federal income taxes are already paid by the top 20% of earners. The 1% pay like 35% of the taxes. Any tax cut is going to disproportionately affect those who are paying. If the bottom 50% aren't paying taxes, how can you give them a tax cut? You can't.


4) The problem with your premise is that you are essentially advocating taking money from one group and giving it to another group so that the recipient group can spend it and thus help the economy. If this really worked, then why not take ALL the money from Group A (Rich) and give it to Group B (Poor)? Transfer of wealth programs never work as intended.

1) Taxes: You can't give someone a tax cut if they aren't paying taxes. it appears to me its being suggesting that because the unemployed and the others at the bottom of the socio economic heap pay either little or perhaps no inocme tax then they also dont pay any other sort of tax either.

How misinformed can people be ?????

I am on the dole and I pay the Goods and Service Tax (GST) 10 % on everything I buy. I also pay council tax. I pay state tax on goods and services I purchase from them, eg my utilities etc, licences and registrations etc. I pay tax on my car when I purchase it and when sell it. I pay tax on my insurance home and car policies etc, etc.

I strongly doubt the rich pay anything more than token level tax because they are the ones who can afford the best tax accountants and tax lawyers etc etc, to reduce/eliminate tax liabilities via deliberate loopholes in the tax system.

If the rich claim they pay the most tax, let them prove it by getting the govt to pass a law that makes it compulsory to publish the incomes of all wealth classes. make the law publish by income strata and the amount of tax they pay expressed as a percentage of total income..... including non taxable non assessable income.



posted on Nov, 7 2017 @ 02:46 AM
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Man, and it is always the rich people who only get poorer. Anytime I look at the news, there is something like "Warren Buffet just got on his knees to beg for cents in local mall" or something like that.

Because the trickle works so well.

And the difference between rich and poor is getting smaller every day, every minute. You can see the haunted faces of the so-called "rich" (poor bastards, they obviously know whats getting next) sitting in their fancy restaurants considering their fate while they have to cash out massive amounts to the waiter for tips and such!

/s

Because trickle-down is just a word, an opioid to help calm the common people down!



posted on Nov, 7 2017 @ 02:47 AM
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How someone can defend the rich on this topic ON THE SAME DAYS THE "PARADISE PAPERS" GO PUBLIC, I can't understand that!



posted on Nov, 7 2017 @ 04:22 AM
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originally posted by: ManFromEurope
How someone can defend the rich on this topic ON THE SAME DAYS THE "PARADISE PAPERS" GO PUBLIC, I can't understand that!


It's like Stockholm syndrome on a massive scale.



posted on Nov, 7 2017 @ 05:10 AM
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originally posted by: ManFromEurope
How someone can defend the rich on this topic ON THE SAME DAYS THE "PARADISE PAPERS" GO PUBLIC, I can't understand that!


Precisely.

We're always hearing the same old 'the rich pay most of the taxes' garbage, when in reality they pay almost nothing. And in the majority of cases, the multi-national companies/corps have managed to buy governments that are willing to raid the public purse to subsidise the payrolls of those companies in the way of top-up benefits.

The Paradise Papers leak has revealed a huge tax scandal. Wealthy people 'give away' their huge incomes to an offshore company. These people then are made 'advisors' of this 'trust' and get to decide how their 'donated' money is spent. They then decide to spend it on luxurious personal lifestyles, all tax free. Because on paper they don't actually buy or own anything, it is bought for/given to them by the company they 'give' their incomes to. According to The Paradise Papers, the rich don't have any income, so they pay no income tax.

It's a shocking scam, absolutely scandalous.

'The rich pay the majority of the taxes' - nope, they just want you to believe they do.

Bone-idle greedy parasites is what they are.

www.panorama.am...

edit on 7-11-2017 by doobydoll because: (no reason given)

edit on 7-11-2017 by doobydoll because: edited to add link



posted on Nov, 7 2017 @ 05:18 AM
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originally posted by: ScepticScot

originally posted by: ManFromEurope
How someone can defend the rich on this topic ON THE SAME DAYS THE "PARADISE PAPERS" GO PUBLIC, I can't understand that!


It's like Stockholm syndrome on a massive scale.





More like corporate sponsorship.



posted on Nov, 7 2017 @ 06:02 AM
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a reply to: Southern Guardian

Sigh

Look, THE REALITY IS the rich, 1 %, or whatever you choose to call them today to match your rants WILL ALWAYS BE RICH and (using your words) "screw the little people" no matter WHAT SYSTEM you use.

Be it capitalism, socialism (IN ANY FORM) , communism, Marxism, feudalism, tribal, ect.

Lets take the common held out one (socialism) and the the most extreme communism.

there are "the rich" in any socialist county you claim to list. they are getting more, paying less taxes, better medical care (be in country or getting it elsewhere ) and using your old tired propaganda "screwing the little people".

In fact if it gets too bad they move to other countries and/or move their wealth to other countries just like here.

In communism that is held up so much (and derivatives of such) by many against capitalism had their "rich"
It was called the Politburo or the "leaders of the party"


Hell lets look at all those democrats, liberals, and those claiming to fight for "the average man" .
Lets take bernie sanders, al sharpton, al gore, and jessie jackson for a few.
all of them make MILLIONS, live the high life, pay little to no taxes, and in short are THE RICH.

seems as long as they are carrying this anti capitalist ideals their excesses are ok right?

Tax and chastise romney but hillory doing THE SAME DAMN THING is ok .
General electric is bad for LEGALLY (and never changed by the democrats BTW when in charge) not paying their "fair share" in taxes but apple, any hollywood liberal star, and sanders its ok?

shees what hypocrites you are.

Ok to be fair there is ONE SYSTEM that there is no "rich" in its purest appled form...
it was the hippy communes of the 70s
but tell me how many are still in existence and successful?
NONE

So back to the OP idea "trickle down economics" dont work

the reality is it may not be as effective as you would like.

but it is still better than the government TAKING MONEY they DIDNT EARN (aka theft if it were not the government) and giving it to those who didnt earn as much as the "rich".

BTW note i didnt say not to help those in need....but sorry if you are ABLE to work and choose to want things you cant afford and/or wont work then you are owed NOTHING.

Scrounger



posted on Nov, 7 2017 @ 06:07 AM
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a reply to: Southern Guardian

There is no need for tax reform. The filthy rich can evade taxes legally:
www.abovetopsecret.com...



posted on Nov, 7 2017 @ 06:41 AM
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originally posted by: dfnj2015

originally posted by: grey580
a reply to: burdman30ott6

In your example you are making an assumption. Assuming that they will want to exchange the candy. This is not always the case.

A smart kid will just do everything himself and not give out the candy to anyone. Just take the candy and hoard it in the freezer.



Sharing is how we increase the commonwealth for everyone. The more money in more hands the more valuable money becomes because people becoming greedy to experience more of life. When money is so scarce and people live in poverty the economy suffers. With better wages comes better culture. With better culture allows rich people to have more interesting fun and more interesting cultural experiences. It pays to share because the returns are happiness.





Yeah, in principle, that’s in the ball park. I have gotten through page 3-4 without seeing any mention of a multiplier. In lay terms, you described how a multiplier is conceived. If the trickle-down school of economics can point to mutually-agreed upon multipliers, in its trickling down, a valid case for its efficiency (inefficiency) could be made. They’re (those multipliers) out there...be interested to see a graphic, at the very least, illustrating those multipliers. Because one thing is for sure, those with increases in relative disposable income spend it most efficiently (e.g. have a higher marginal propensity to consume).



posted on Nov, 7 2017 @ 07:50 AM
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Tax breaks for the super rich never works. It's surprising that people still believe in this fantasy story after the 80's and the 00's happened.



posted on Nov, 7 2017 @ 07:55 AM
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originally posted by: Azureblue



C'mon people, you're just showing ignorance here. 40% of USA people DON'T PAY TAXES. They don't pay income tax. They GET MONEY BACK from the govt. They get it every month in benefits. They file their tax return and get a refund even though they paid no taxes.

You're actually trying to say because they had pay sales tax and gas tax on the free money they got from the govt that they had to pay taxes? Give me a friggin break.
edit on 7-11-2017 by jjkenobi because: (no reason given)



posted on Nov, 7 2017 @ 07:59 AM
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a reply to: jjkenobi

The super rich aren't the only people paying taxes... Stop pretending like the super rich are the only ones who keep the government afloat through taxes. It is very dishonest. It is possible to cut taxes for the less than super rich and that is what the OP is advocating, but your rush to denounce wealth redistribution has blinded you.



posted on Nov, 7 2017 @ 08:04 AM
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It's amazing how many people have been completely brainwashed. I mean just look at all the people conflating trickle-down economics with capitalism. This country can still be capitalist without subscribing to the trickle-down model. I mean we were still staunchly capitalist in the 50s without trickle-down economics. And guess what? The middle class was thriving at that point with a much smaller gap between them and the wealthy.

So stop deflecting to socialism and communism as a defense of trickle-down economics. The studies say it doesn't work. History even shows it doesn't work. Reaganomics was nowhere near as successful as Republicans would like you to believe and ultimately led to the recession of the early 90s. Bush II tried a similar model that also led to a recession.

In both cases the rich got much richer while economic growth for the middle class stalled and poverty increased. That right there should be clear proof that it doesn't work (unless you're rich of course.) So why do Republicans keep cleaving to this failure of a model? The past has shown us that capitalism can produce a well off middle class. Trickle-down is not that model though.



posted on Nov, 7 2017 @ 08:07 AM
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Look, if anyone wants a practical concrete example of how trickle-down economics 'works' (or rather doesn't), just take a look at Kansas. Former Governor Sam Brownback used the State as a experiment to see how amazingly wonderful it would be if taxes were slashed to encourage the rich to spread their largess over the State. Well, taxes were indeed cut and the rich did indeed spread something over the State. Let's be polite and call it indifference.
Kansas fell into a financial hole of Brownback's making, leaving him the second most unpopular Governor in the Union at the start of this year as you can see here (Chris Christie remains unbeatable when it comes to plunging to new lows).
edit on 7-11-2017 by AngryCymraeg because: typo



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