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

It's a load of hogwash, the same nonsense that the people have been brainwashed to believe over the years. Yet we still don't learn. We complain on here about the "elite" controlling us and our freedoms then we turn to multi-millionaire and billionaire politicians and suck up everything they say about cutting taxes for the wealthy. It's unbelievable, and I see it on here time and time again. Idiotic.

The problem (if you can call it that) is that rich people tend to save a lot. That’s good for some purposes, but not when you’re trying to create jobs. By contrast, less-than-rich people tend to spend most of their income. That makes tax cuts for the poor and middle class more effective, at least over the short term.

www.forbes.com...

You know those major tax cuts this administration is pushing for? The one set to cause major deficits and loss of tax revenue? Set to contribute towards the $1.5 trillion deficit? The bulk of this will benefit the rich. More specifically, the ultra rich-50% of these tax cuts are for the top 1%. The Tax Policy Center has come to the same conclusion. It's important to note the top 1% pay 36% in taxes and own 40% of the nation's wealth. It's trickle down economics again, plain and simple. This time from the Trump Administration and the GOP (no surprise). We know over the last few decades there hasn't been much of a trickle, so why to people continue to fall for this nonsense? The bottom 50% have seen their incomes, their benefits, stagnate, over the course of 30 years despite all these promises they'd benefit from the wealthy getting tax cuts.


Congressional Budget Office

It also doesn't help that the wealthy are set to take on 70% of the nation's wealth by 2021 according the Boston Consulting Group. The bottom 50% of income earners in this country are set to lose further. So I'm still perplexed as to why this nonsense continues to prevail on here and out there? How long are people going to continue to parrot voodoo economics on here? It's not helping the lower classes, it's not helping with jobs. It's causing loss of revenue that could be allocated to infrastructure and other needs around the country. The evidence is there, yet people on here continue to parrot? And yes I'm also lumping all the talk about "flat taxes" and "fair taxes" as well, all to heavily favor the wealthy. It's not doing the lower classes any good, it's not helping middle and lower class families.



Yet we fall for the same talk, the same propaganda from the rightwing, time and time again. We never learn.

a reply to: Southern Guardian

History has shown trickle down does not work. And in the end, wealth inequality and poverty increases. Maybe this is by design.



You may disagree with the opinions in the video but you can't disagree with the facts. Rich people own almost everything! So much wealth concentrated into so few hands is bound to stress society to the breaking points of violence.

originally posted by: Southern Guardian
It's a load of hogwash, the same nonsense that the people have been brainwashed to believe over the years. Yet we still don't learn. We complain on here about the "elite" controlling us and our freedoms then we turn to multi-millionaire and billionaire politicians and suck up everything they say about cutting taxes for the wealthy. It's unbelievable, and I see it on here time and time again. Idiotic.

The problem (if you can call it that) is that rich people tend to save a lot. That’s good for some purposes, but not when you’re trying to create jobs. By contrast, less-than-rich people tend to spend most of their income. That makes tax cuts for the poor and middle class more effective, at least over the short term.

www.forbes.com...

You know those major tax cuts this administration is pushing for? The one set to cause major deficits and loss of tax revenue? Set to contribute towards the $1.5 trillion deficit? The bulk of will benefit the rich. More specifically, the ultra rich-50% of these tax cuts are for the top 1%. The Tax Policy Center has come to the same conclusion. It's important to note the top 1% pay 36% in taxes and own 40% of the nation's wealth.

It's trickle down economics again, plain and simple. This time from the Trump Administration and the GOP (no surprise). We know over the last few decades there hasn't been much of a trickle, so why to people continue to fall for this nonsense? The bottom 50% have seen their incomes, their benefits, stagnate, over the course of 30 years despite all these promises they'd benefit from the wealthy getting tax cuts.

Congressional Budget Office

It also doesn't help that the wealthy are set to take on 70% of the nation's wealth by 2021 according the Boston Consulting Group. The bottom 50% of income earners in this country are set to lose further. So I'm still perplexed as to why this nonsense continues to prevail on here and out there? How long are people going to continue to parrot voodoo economics on here? It's not helping the lower classes, it's not helping with jobs. It's causing loss of revenue that could be allocated to infrastructure and other needs around the country. The evidence is there, yet people on here continue to parrot? And yes I'm also lumping all the talk about "flat taxes" and "fair taxes" as well, all to heavily favour the wealthy. It's not doing the lower classes any good, it's not helping middle and lower class families.

Yet we fall for the same talk, the same propaganda from the rightwing, time and time again. We never learn.

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.

2) Savings: The wealthy do tend to save, but that is a good thing. That saving and investing is providing capital for loans to businesses. The wealthy are not keeping their money under their mattresses. that money is out in the market looking for higher returns. They are investing in start ups, private equity, venture capital, etc. This is how jobs are created.

3) Trickle down does work. You are just too blind to see it. When people keep more of their money, they will spend it, etc.

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.

Well, we Americans are a pretty gullible sort. Look how many believed that forcing people to buy insurance would lower health care costs.

I guess whether or not we believe a lie depends on who is telling it.

a reply to: Southern Guardian

No one believes in trickle down economics anymore.

You are an idiot to think we do.

a reply to: Edumakated

A couple of things:

Shoot.

1) Taxes: You can't give someone a tax cut if they aren't paying taxes.

Are you saying only the rich pay taxes? Because I'm certainly not rich and I'm pretty sure I get taxed.

The bulk of the federal income taxes are already paid by the top 20% of earners.

The bulk of taxes get paid by the top 20% because they earn the bulk of income. The top 20% earn some 80% of the country's wealth.

2) Savings: The wealthy do tend to save, but that is a good thing. That saving and investing is providing capital for loans to businesses. The wealthy are not keeping their money under their mattresses. that money is out in the market looking for higher returns.

Interesting. What's your source?

3) Trickle down does work. You are just too blind to see it.

And you do? Yet you can't provide anything to counter the OP? So far these are your personal opinions.

4) The problem with your premise is that you are essentially advocating taking money from one group and giving it

Where in the OP did I advocate for taking anything from any group? Please quote it.

Tax cuts focused on the bottom 90%. Little to no tax cuts in favor of the wealthy.

The wealthy still keep their incomes. They still keep their control of wealth. They just don't get much of a tax cut if any at all. Nobody is taking anything so please don't make up stuff and imply communism or whatever else.

originally posted by: Edumakated

originally posted by: Southern Guardian
It's a load of hogwash, the same nonsense that the people have been brainwashed to believe over the years. Yet we still don't learn. We complain on here about the "elite" controlling us and our freedoms then we turn to multi-millionaire and billionaire politicians and suck up everything they say about cutting taxes for the wealthy. It's unbelievable, and I see it on here time and time again. Idiotic.

The problem (if you can call it that) is that rich people tend to save a lot. That’s good for some purposes, but not when you’re trying to create jobs. By contrast, less-than-rich people tend to spend most of their income. That makes tax cuts for the poor and middle class more effective, at least over the short term.

www.forbes.com...

You know those major tax cuts this administration is pushing for? The one set to cause major deficits and loss of tax revenue? Set to contribute towards the $1.5 trillion deficit? The bulk of will benefit the rich. More specifically, the ultra rich-50% of these tax cuts are for the top 1%. The Tax Policy Center has come to the same conclusion. It's important to note the top 1% pay 36% in taxes and own 40% of the nation's wealth.

It's trickle down economics again, plain and simple. This time from the Trump Administration and the GOP (no surprise). We know over the last few decades there hasn't been much of a trickle, so why to people continue to fall for this nonsense? The bottom 50% have seen their incomes, their benefits, stagnate, over the course of 30 years despite all these promises they'd benefit from the wealthy getting tax cuts.

Congressional Budget Office

It also doesn't help that the wealthy are set to take on 70% of the nation's wealth by 2021 according the Boston Consulting Group. The bottom 50% of income earners in this country are set to lose further. So I'm still perplexed as to why this nonsense continues to prevail on here and out there? How long are people going to continue to parrot voodoo economics on here? It's not helping the lower classes, it's not helping with jobs. It's causing loss of revenue that could be allocated to infrastructure and other needs around the country. The evidence is there, yet people on here continue to parrot? And yes I'm also lumping all the talk about "flat taxes" and "fair taxes" as well, all to heavily favour the wealthy. It's not doing the lower classes any good, it's not helping middle and lower class families.

Yet we fall for the same talk, the same propaganda from the rightwing, time and time again. We never learn.

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.

2) Savings: The wealthy do tend to save, but that is a good thing. That saving and investing is providing capital for loans to businesses. The wealthy are not keeping their money under their mattresses. that money is out in the market looking for higher returns. They are investing in start ups, private equity, venture capital, etc. This is how jobs are created.

3) Trickle down does work. You are just too blind to see it. When people keep more of their money, they will spend it, etc.

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. No one doesn't pay taxes. Reduce indirect taxes or reduce taxes in lower bands instead.

2. Saving can be a good thing if balanced with the right amount of consumption. How about letting people lower down the income ladder save some as well, rather than further accumulation of wealth in a few hands.

3. Agreed that letting people keep more money is a good thing. This is about who it is that gets to keep more.

4. Why not scrap all taxes for the rich instead. Oh wait that is an absurd slippy slope argument as well. Countries with less wealth inequality generally score higher on measures of happiness or quality of life.

originally posted by: Jonjonj
a reply to: Southern Guardian

No one believes in trickle down economics anymore.

You are an idiot to think we do.

No one? Read the post 2 above yours.

originally posted by: Southern Guardian
It's a load of hogwash, the same nonsense that the people have been brainwashed to believe over the years. Yet we still don't learn. We complain on here about the "elite" controlling us and our freedoms then we turn to multi-millionaire and billionaire politicians and suck up everything they say about cutting taxes for the wealthy. It's unbelievable, and I see it on here time and time again. Idiotic.

The problem (if you can call it that) is that rich people tend to save a lot. That’s good for some purposes, but not when you’re trying to create jobs. By contrast, less-than-rich people tend to spend most of their income. That makes tax cuts for the poor and middle class more effective, at least over the short term.

www.forbes.com...

You know those major tax cuts this administration is pushing for? The one set to cause major deficits and loss of tax revenue? Set to contribute towards the $1.5 trillion deficit? The bulk of this will benefit the rich. More specifically, the ultra rich-50% of these tax cuts are for the top 1%. The Tax Policy Center has come to the same conclusion. It's important to note the top 1% pay 36% in taxes and own 40% of the nation's wealth. It's trickle down economics again, plain and simple. This time from the Trump Administration and the GOP (no surprise). We know over the last few decades there hasn't been much of a trickle, so why to people continue to fall for this nonsense? The bottom 50% have seen their incomes, their benefits, stagnate, over the course of 30 years despite all these promises they'd benefit from the wealthy getting tax cuts.

Congressional Budget Office

It also doesn't help that the wealthy are set to take on 70% of the nation's wealth by 2021 according the Boston Consulting Group. The bottom 50% of income earners in this country are set to lose further. So I'm still perplexed as to why this nonsense continues to prevail on here and out there? How long are people going to continue to parrot voodoo economics on here? It's not helping the lower classes, it's not helping with jobs. It's causing loss of revenue that could be allocated to infrastructure and other needs around the country. The evidence is there, yet people on here continue to parrot? And yes I'm also lumping all the talk about "flat taxes" and "fair taxes" as well, all to heavily favor the wealthy. It's not doing the lower classes any good, it's not helping middle and lower class families.

Yet we fall for the same talk, the same propaganda from the rightwing, time and time again. We never learn.

This is an outright lie. In fact, any benefit the 'rich' receive from the lower and simpler tax code is offset by about a 9% tax hike above 1 million in earnings until the 'gain' is offset.

Zero cut in income tax for those above 1 million in earnings. Those below like 200K or so up to 1 million? Why the F**K not??

They pay most of the taxes anyways.

Talk about idiots....

a reply to: Edumakated

Then let's have flat rate taxes. But the red state voters who don't pay any taxes will not allow it. Red state voters say flat rate taxes are NOT fair because their taxes will go up.

Only Democrats make it fail.

Just like in the 80's

Taxes on the rich can't be too bad because every year the rich get richer and poverty increases.

originally posted by: xuenchen
Only Democrats make it fail.
Just like in the 80's

If your blind faith in the Republican party absolute?

a reply to: nwtrucker

This is an outright lie.

That these tax cuts from the administration heavily favor the wealthy? The sources are all there in the OP. Tax Policy Centre was clear about it. Are they lying? So given it's a lie to claim these tax cuts favor the wealthy, what's your source?

In fact, any benefit the 'rich' receive from the lower and simpler tax code is offset by about a 9% tax hike

Interesting. Your source? There was talk of keeping millionaire earners at the same tax rate. No talk of any hike. These were discussions and that tax plan and changed a number of times since. Can't seem to find any sources confirming what you've stated up there.

They pay most of the taxes anyways

The top 1% earn 40% of the wealth and pay 36%. More than fair.

a reply to: Southern Guardian

You numbers are wrong...
taxfoundation.org...
The top 1% earned 20.6% of income in 2014 and paid 39.5% of taxes collected...

I swear, jealousy fed by laziness and entitlement will destroy this country's economy if you get your way.

originally posted by: Southern Guardian
It's a load of hogwash, the same nonsense that the people have been brainwashed to believe over the years.

Correct, It would suit them better to pay their own taxes, instead of avoidance and evasion and money laundering $/£billions around the world's tax havens. Oh!.....and pay for everything else as well.

originally posted by: dfnj2015

originally posted by: xuenchen
Only Democrats make it fail.
Just like in the 80's

If your blind faith in the Republican party absolute?

No, there's too many implanted Democrats inside the elected ranks.

btw, Reagan had a Democrat majority House all 8 years.

They were the ones that passed the tax reforms back then.

boing boing

The problem is tax money ends up in the hands of the crack head government that has proven time and time again they couldn't run a lemonade stand much less be in charge of billions upon billions in tax $$$.

Ben Shapiro is a smarter man than I, so I'll let him explain things...



Ben Shapiro Explains Trickle-Down Economics

It's the difference between mashing burgers together at McDonalds part time because that is all Obamanomics deems you worthy of or getting a job you are skilled at because trickle down means new jobs.