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People on the left often dispute the existence of any "trickle down" effect because they think the ratio taken in to what "trickles down" should be different. If there is no such effect, explain why it is that when the people at the top lost money in the recent collapse, people at the bottom lost jobs. They must have been hired by those at the top and it must have happened while the companies were doing well. There are many other elements that play into hiring decisions but it's certainly more likely when companies are doing well than when they're not.
People on the left often dispute the existence of any "trickle down" effect because they think the ratio taken in to what "trickles down" should be different. If there is no such effect, explain why it is that when the people at the top lost money in the recent collapse, people at the bottom lost jobs. They must have been hired by those at the top and it must have happened while the companies were doing well. There are many other elements that play into hiring decisions but it's certainly more likely when companies are doing well than when they're not.
Let's look at the big picture as opposed to cherry picking and singling out rare exceptions to the rule...
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For more than 30 years, conservative politicians have tried to sell Americans on the notion that giving tax cuts to the wealthy will spur economic growth and job creation, generating broad-based economic prosperity. Their marketing of this “trickle-down economics” has been successful: After decades of campaigning, many Americans now accept the oft-repeated assertion that lower taxes and less regulation leads to job growth. Congress followed suit, lowering tax rates sharply for the highest-income earners, while leaving tax rates relatively unchanged for other groups.
If policymakers want to do best by American working families and the American economy, they would do well to leave behind the failed trickle-down policies of the past and instead adopt the middle-out agenda that Americans so sorely need.
Just a few paragraphs from a completely sane, rational and fact filled article which exposes the insane, irrational and myriad of falsehoods that is trickle down voodoo.
Let's look at the big picture as opposed to cherry picking and singling out rare exceptions to the rule...
Just a few paragraphs from a completely sane, rational and fact filled article which exposes the insane, irrational and myriad of falsehoods that is trickle down voodoo.
All of that sounds nice, but you have yet to explain why the people that were laid off when the big businesses lost money were laid off then versus being hired during times when those businesses were more prosperous. Explain that and we may have a foundation for conversation. Otherwise, you have yet to establish a foundation to dispute the principle.
There aren't going to be new jobs for massive amounts of people.
Ever again.
Not in America, not worldwide.
Even China will lose manufacturing jobs soon with nanotechnology and robotics replacing people.
Become your own boss, start your own business.
It's going to come to that, mostly, if one wants to work.
Sad but true, unless some astonishing technology like the Internet takes the stage.
You can search thru the forums, the only thing I've ever labeled Obama was another political hack. I happen to think he was a better choice than the other political hacks that opposed him but he's still a political hack.
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I happen to think he was a better choice than the other political hacks that opposed him
I would think by now you realize he is no better or worse. Thereis no middle ground in assessing the corruption level anymore. Corrupt is corrupt.
Tax policy as the single factor in increasing production and creating jobs is a fallacy.
People need an incentive (profit motive) to invest time and money in a company and create jobs.
You can lower taxes all you want. If there is too much regulation, no jobs will be created. If there is no demand, no jobs will be created. People will just save their money until the time is right.
So it's incomplete for conservatives to simply say reduce taxes and we will have jobs (which I have done in the past). It's equally incomplete to say reducing taxes has failed in creating jobs. Tax policy is only PART of the solution.
What Republican business owners have been trying to do is fleece the middle class. They try to shrink the government, except for the parts that favor them personally, both in terms of public sector employment and regulation, destroy unions and workers' movements, and pocket the extra cash, buy a few more lobbyists, and basically return to the laissez faire policies of the 1890s or so. They either forget or avoid the plain truth that our greatest economic century was the 20th, when the union movement was full swing, government was expanding, progressive tax rates were high, and the middle class rapidly expanded to create the most powerful consumer economy in the world. Sure they can make a quick buck by gouging the middle class, running up huge deficits and laying off or furloughing government workers,etc., but it is a bad long-term move. Of course, they can always keep working to find cheaper labor and even more customers overseas, but make sure to keep the headquarters here, where they have a sea of Tea Party bozos to carry water for them. And as they drive the economy into the ditch, they can always whine about taxes, gubberment, liberals,etc. Their flat - earth society audience will always gobble it up, it seems.
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