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Originally posted by Low Orbit
With Big Business in full effect worldwide and G Dubya at the healm stearing mankind will global "Trickle Down Economics" eventually lead to a Modern Middle Ages?
Why? business need consumers with money to buy what they are selling. How is better for them to have a broke consumer market.
Are there signs of this already? I say Yes!
What are they. The whole world is benifitting from the free markets of the US even if we are getting the short end of the deal since no one else has such an open trade policy. Many people like my self are no longer stuck in some factory like our parents. My father worked for 32 years at a factory and hated everyday he was there. From 10 years old and on he told us to never work they way he did. He raised us to work for our selfs and not get trapped by some company.
Trickle down economics does not work and everytime the government "claims"(but really does not) to have a "hands off" market our government is always subsidizing the largest and most powerful companies. Why is the Bush Administration preventing a true "laissez fair" economy both domestically and internationally?
A derogatory term applied to Reaganomics, or supply-side economics, trickle-down economics is the theory that tax cuts for the wealthy merely "trickled down" to the bottom groups and that the rich benefited at the expense of the economy. Similar criticisms were raised about the supply-side tax cuts enacted by Treasury Secretary Andrew Mellon in 1921 but not for those made by John Kennedy in the 1960s. Supply-side cuts involve cutting taxes across the board but most dramatically for those in the top tax brackets. The rationale was that those who paid the most taxes would then be able to reinvest their tax "savings." Thus, supporters have countered the phrase "trickle-down" with the one coined by John Kennedy: "a rising tide lifts all boats."
The best economic times in the US were under Kennedy and Reagan. Like it or not fact is that if you want to work hard you will do well. Sitting on your can gets you nowhere
Wouldn't a true "laiss
Originally posted by Low Orbit
A prime example of a subsidized business would be an American Auto Manufacturer.
If your American Tax Dollar wasn't going into GM's pocket bad ideas like this would of never come into fruition in the #'s that they did and instead we would have many more smaller auto manufacturers which is increased competition all going after the sucker who got the Aztec instead.
How wrong am I?
Big 3 Auto Heads Get Little From President
President Bush promised yesterday to deliver a message to Asian trading partners to "treat us the way we treat you" but offered top U.S. auto executives little help in their battle to turn their companies around.
[edit on 11-3-2007 by Low Orbit]
Originally posted by ipsedixit
This squashing of the middle classes has been sneaking up on us for quite some time. If you depend on the mainstream economic structures for your survival you are in trouble. My advice is to start forming networks and combines of your own to fight the large organizations that want to turn you into a peon. If you know of a company that closes plants in your country and ships jobs overseas, don't buy their products.