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Old 01-06-2014, 04:19 AM
 
20,976 posts, read 16,254,195 times
Reputation: 10270

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A business builds a manufacturing plant in a town.

They hire 300 employees.

Other entrepreneurs see opportunity and open restaurants, bars, clothing and other stores near the plant.

New homes are built and existing homes are renovated.

People have money to spend, therefore the "trickle down" economy.

Now reverse this.....government taxes and regulates the plant to the point where it is no longer profitable (or as profitable) to stay.

They close the plant and move to a more business friendly environment.

The cycle repeats.

The previous towns small businesses close, homes foreclose, the tax base disappears.

Now tell me how "trickle down" doesn't work.
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Old 01-06-2014, 05:10 AM
 
Location: Old Bellevue, WA
18,794 posts, read 14,261,979 times
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I take a drive around the area where I live (east suburbs of Seattle) and I see lots of trickle down from one of the world's richest--Bill Gates, who lives in Medina, WA. If he had not come along, the economy of this area would be completely different.

'Trickle down' is just a metaphor and maybe an unfortunate one. Maybe libs would understand better if we used JFK's 'rising tide lifts all boats' metaphor instead. Then again maybe not. As Upton Sinclair said, “It is difficult to get a man to understand something, when his salary depends on his not understanding it.” So if your income is dependent on those plant-destroying taxes and regulations, i.e. if you are a government employee or a welfare recipient, it is not likely you will ever understand.
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Old 01-06-2014, 05:14 AM
 
Location: Salisbury,NC
10,554 posts, read 4,406,272 times
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A Hedge fund comes in, Like the one Mr Steal your pension Romney started, steals the profits and any excess in reserve accounts. Sells the plant to a Chinese company which takes the jobs and all the moveable parts back to China. Killing the town,county and the other small business. Hows that for "trickle down".

The idea above is not "trickle down" in the format of tax discussions. That term is used as a way to say lowering tax es and ending regulation will allow the "job creators" to go ahead and then the economy will "trickle down" to the masses. I have not seen that happen. I have witnessed the opposite.
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Old 01-06-2014, 05:40 AM
 
Location: texas
9,137 posts, read 6,748,300 times
Reputation: 2374
Quote:
Originally Posted by alphamale View Post
A business builds a manufacturing plant in a town.
They hire 300 employees.
Other entrepreneurs see opportunity and open restaurants, bars, clothing and other stores near the plant.
New homes are built and existing homes are renovated.
People have money to spend, therefore the "trickle down" economy.
Now reverse this.....government taxes and regulates the plant to the point where it is no longer profitable (or as profitable) to stay.
They close the plant and move to a more business friendly environment.
The cycle repeats.
The previous towns small businesses close, homes foreclose, the tax base disappears.
Now tell me how "trickle down" doesn't work.
A new Jack in the Box moves into town, they hire 20 new workers. Those workers now have jobs and buy groceries at the Piggly wiggly, spend extra cash at the Hobby Lobby, buy a car at Hank's Used Motors, and get a loan at the First National Bank...

Isn't that just capitolism?
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Old 01-06-2014, 05:44 AM
 
Location: Just over the horizon
8,064 posts, read 2,770,083 times
Reputation: 4340
Whether you use the trickle down or rising tide analogy is irrelevant.

Whatever raises your boat, you are still the one responsible for rowing it.
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Old 01-06-2014, 06:23 AM
 
Location: Jacksonville, FL
6,939 posts, read 7,771,996 times
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Quote:
Originally Posted by Dooleys1300 View Post
Whether you use the trickle down or rising tide analogy is irrelevant.

Whatever raises your boat, you are still the one responsible for rowing it.
^^This.

As a fairly habitual (addicted?) member of these forums, I see many arguments against capitalism that basically amount to "it doesn't work for everyone." In all honesty, capitalism is not the easiest economic system for those who don't make it work for them. However, for those that are willing to put in effort a capitalist society gives the most opportunity to move ahead in the world. Whether you call it trickle down or rising tide, if you are willing to shed figurative blood, literal sweat, and a few tears you have the ability to increase your income exponentially in a capitalist society.
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Old 01-06-2014, 06:40 AM
 
9,472 posts, read 5,899,562 times
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Quote:
Originally Posted by JimRom View Post
^^This.

As a fairly habitual (addicted?) member of these forums, I see many arguments against capitalism that basically amount to "it doesn't work for everyone." In all honesty, capitalism is not the easiest economic system for those who don't make it work for them. However, for those that are willing to put in effort a capitalist society gives the most opportunity to move ahead in the world. Whether you call it trickle down or rising tide, if you are willing to shed figurative blood, literal sweat, and a few tears you have the ability to increase your income exponentially in a capitalist society.
Capitalism is PROPERTY RIGHTS, not an economic system or distribution system. Free enterprise is an economic system.

Both are RIGHTS based, because they respect the individual. All other things are coercive, involving govenrment forcing the individual to do, or not do, things against his will.

Nobody struggles with "capitalism" OR "free enterprise". What they struggle with is making themselves productive and valuable enough to trade with others.
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Old 01-06-2014, 06:41 AM
 
9,472 posts, read 5,899,562 times
Reputation: 2162
Quote:
Originally Posted by Chimuelojones View Post
A new Jack in the Box moves into town, they hire 20 new workers. Those workers now have jobs and buy groceries at the Piggly wiggly, spend extra cash at the Hobby Lobby, buy a car at Hank's Used Motors, and get a loan at the First National Bank...

Isn't that just capitolism?
It's business. It's trade.

Trade is beneficial.

Government always obstructs both.

It is never beneficial.
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Old 01-06-2014, 06:42 AM
 
725 posts, read 483,117 times
Reputation: 549
Trickle down economics has been thoroughly debunked by almost every reputable economist. Yet somehow its the favorite brand of the GOP, huh. Now why would that be?
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Old 01-06-2014, 06:43 AM
 
Location: Just over the horizon
8,064 posts, read 2,770,083 times
Reputation: 4340
Quote:
Originally Posted by Chimuelojones View Post
A new Jack in the Box moves into town, they hire 20 new workers. Those workers now have jobs and buy groceries at the Piggly wiggly, spend extra cash at the Hobby Lobby, buy a car at Hank's Used Motors, and get a loan at the First National Bank...

Isn't that just capitolism?
Yes.

Trickle down is just Capitalisim being allowed to work the way in which it was intended.
Which is why too much taxation and regulation stifles it.

Trickle down does not and never has meant that prosperity will magically rain down onto all from above.
It simply is a means of creating increased opportunity for those who are willing to take advantage of it.
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