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Old 11-21-2012, 09:49 AM
 
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I have heard Republicans argue this point over and over, but I never fully understood how saving taxes on the rich wage earners and on rich corporations eventually would trickle down to us middle and working class workers. If someone can explain to me, I'm ready to start the dialogue about this topic.
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Old 11-21-2012, 09:53 AM
 
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Old 11-21-2012, 09:53 AM
 
10,963 posts, read 8,048,340 times
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Quote:
Originally Posted by antredd View Post
I have heard Republicans argue this point over and over, but I never fully understood how saving taxes for the rich and on rich corporations eventually would trickle down to us middle and working class workers. IF someone can explain to me, I ready to start the dialogue about this topic.
Corporate executives see significant increases in their salaries and stock options while non-executives employees are made to feel "You should be happy you have a job AT ALL!"

The basic premise of Trickle Down economics is "I Got Mine, If You Can't Get Yours Then F**k You".

That's all that really needs to be said.
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Old 11-21-2012, 09:55 AM
 
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The premise is that the more money the wealthy have in their pockets, the more they'll invest in companies who will hire more people, start their own businesses, etc. This actually may have had some validity before the economy became so globalized.

If the businesses that are being invested in are in China and India, I fail to see how this is sound economic policy for the United States.
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Old 11-21-2012, 09:57 AM
 
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Old 11-21-2012, 09:58 AM
 
3,421 posts, read 2,590,240 times
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Quote:
Originally Posted by antredd View Post
I have heard Republicans argue this point over and over, but I never fully understood how saving taxes on the rich wage earners and on rich corporations eventually would trickle down to us middle and working class workers. If someone can explain to me, I'm ready to start the dialogue about this topic.
The theory is that cutting taxes will allow business owners to keep more of their profits after taxes to invest in infrastructure, buy more equipment, open another store etc. The reality is, they never do this. They give themselves higher salaries, bigger pay to executives, and more dividend payments to stockholders. its a talking point that they keep promoting and for some reason democrats have never been to sell to the public that its a load of crap.
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Old 11-21-2012, 10:00 AM
 
Location: 500 miles from home
29,986 posts, read 16,580,107 times
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Quote:
Originally Posted by JazzyTallGuy View Post
Corporate executives see significant increases in their salaries and stock options while non-executives employees are made to feel "You should be happy you have a job AT ALL!"

The basic premise of Trickle Down economics is "I Got Mine, If You Can't Get Yours Then F**k You".

That's all that really needs to be said.
Absolutely true. Large corporations are paying less taxes than ever - and it certainly hasn't trickled down to the middle class.

IF trickle down worked - we should all be rich at this point.

It doesn't work.
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Old 11-21-2012, 10:01 AM
 
Location: Dallas, TX
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This is how. No wonder, many want it like their life depended on it. But, here is a more progressive take on the subject...

"The money was all appropriated for the top in the hopes that it would trickle down to the needy. Mr. Hoover didn’t know that money trickled up. Give it to the people at the bottom and the people at the top will have it before night, anyhow. But it will at least have passed through the poor fellow’s hands."
- Will Rogers, 1932
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Old 11-21-2012, 10:04 AM
 
3,267 posts, read 5,269,517 times
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Quote:
Originally Posted by JazzyTallGuy View Post
Corporate executives see significant increases in their salaries and stock options while non-executives employees are made to feel "You should be happy you have a job AT ALL!"

The basic premise of Trickle Down economics is "I Got Mine, If You Can't Get Yours Then F**k You".

That's all that really needs to be said.
That's what I was thinking too. It seems to me, when we give more tax breaks to coroporations, they take the money and run to other countries where they can make even larger profits. In other words, we're paying them to invest their tax savings some where else.
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Old 11-21-2012, 10:05 AM
 
10,516 posts, read 12,728,045 times
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Originally Posted by nighttrain55 View Post
The theory is that cutting taxes will allow business owners to keep more of their profits after taxes to invest in infrastructure, buy more equipment, open another store etc. The reality is, they never do this. They give themselves higher salaries, bigger pay to executives, and more dividend payments to stockholders. its a talking point that they keep promoting and for some reason democrats have never been to sell to the public that its a load of crap.
If that were true all businesses would shut down from lack of production and reinvestment.

Production is what generates more income for the "greedy" executives. Why would they want that to stop?
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