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The facts are once again the governments programs of the last 6 years have been nothing but huge trickle down programs.
Those who support that still despise Obama because of his party and those who claim to hate it still love Obama simply because of his party affiliation.
I'd like to hear how trickle up prosperity works. Here is how they think it goes.
Welfare check
People spend money
Economy gets better
Everyone happy.
You know, that might have worked in the 50's when we were producing a lot of the goods we consume. Now it simply goes to multinational corporations, foreign corporations, foreign workers and foreign governments.
There is no stimulative effect from welfare anymore unless you count foreign aid as stimulation towards the global economy.
Quote:
The unprecedented shift in relative wealth and economic power roughly from West to East now under way will continue.
Trickle down economics gives rich people lower tax rates. And since there are no regulations on how the rich must spend the tax cut money, they can spend the money any way they want too. The rich use that money to build US factories in Asia, and they buy new mansions and new private jet airplanes with the money.
But trickle up economics helps everyone, by giving the poor and middle class tax cuts. When the poor and middle class are given tax cuts they go out and spend the money, and this stimulates the whole economy.
They go to restaurants and spend the money, then the money goes to the restaurant owner's/workers and the food suppliers. The same thing happens in movie theaters, amusement parks, bars, ex.ex.
And the poor and middle class go shopping at stores, and then the store owners/workers get the money. And the companies and workers who manufactured the goods they buy also get the money.
They also do things like build add on's to their homes, or build new homes. And this spending gives money to the construction industry workers.
And then all the workers who got paid with the tax cut money go out and spend the money, and then their spending stimulates the economy again.
The tax cut money for the poor and middle class also stimulates large corporations. The poor/middle class buy computers, buy internet service, buy cable tv service, buy new cars, and the large corporations that supply those goods and services see increased profits.
Really? They spend that money and the ultimate winner is the U.S. economy? Maybe you're still living in the 1950's or something but you're in a global economy and that hasn't happened for several decades. Maybe you'll figure that out soon enough to stop whining and start doing something about your own personal finances instead of expecting the world to go back to your ethnocentric ideals and ideologies.
Logical people (those you call "the right-wing") don't take umbrage at people simply because they're wealthy. The "left-wing" does. Why? I have no idea. Perhaps it's because that's what they're conditioned to do by their friends and those whom they respect that are in leadership positions.
If you give a logical person a valid reason to dislike someone, there's a reasonable chance that they will. The fact that someone is wealthy or runs a large business isn't a valid reason. That they may donate to the political campaign of someone you dislike isn't a valid reason.
I see wealthy people and those who have successfully built a large business as the object of study. How did they do it? Can I learn anything from them that could help me become wealthy or help my business to grow?
You (apparently) see wealthy people as an enemy. They are to be scorned and hated, and whatever can be done to reduce their wealth can and should be done, regardless of means.
I've never understood that mentality. You do understand, don't you, that by maintaining that opinion, you are guaranteeing that you will never find yourself in a position of affluence? You won't let yourself become something that you despise, and you despise those with a lot of money, so you will never have a lot of money.
He could not be more correct. Republicans spit in the face of the poor, low income workers, middle class, and small businesses. And at the same time they hand out trillions of dollars to the rich.
Republicans oppose welfare for the poor, and they oppose high min wages for low income workers.
They oppose tax credits for low income workers.
They oppose long unemployment benefits.
They oppose healthcare for all.
Poor scream "tax the rich" - I want their money Government takes money from people --> People have less money to spend
Government charges large handling fee
Government gives money to friends who contributed to campaign
Government throws the poor the bones
The poor rejoice as they get their welfare check
Welfare class vote for Santa
Right? Rinse and repeat. So, what does $800 billion look like if it was a check sent out to every American tax payer?
$800 billion/147,000,000 = $5,442
Instead all they got were these lousy green road signs telling them that recovery summer was coming...
Well it was your idiot president that thinks that making $200k is a billionaire.
That pretty much the tax threshold change for the Alternative Minimum Tax that was instituted back in the 1980's to tax what at the time were considered "rich".
You know, that might have worked in the 50's when we were producing a lot of the goods we consume. Now it simply goes to multinational corporations, foreign corporations, foreign workers and foreign governments.
There is no stimulative effect from welfare anymore unless you count foreign aid as stimulation towards the global economy.
Really? They spend that money and the ultimate winner is the U.S. economy? Maybe you're still living in the 1950's or something but you're in a global economy and that hasn't happened for several decades. Maybe you'll figure that out soon enough to stop whining and start doing something about your own personal finances instead of expecting the world to go back to your ethnocentric ideals and ideologies.
Could you please explain how the following is a good thing for America?
You know, that might have worked in the 50's when we were producing a lot of the goods we consume. Now it simply goes to multinational corporations, foreign corporations, foreign workers and foreign governments.
There is no stimulative effect from welfare anymore unless you count foreign aid as stimulation towards the global economy.
So all of our food comes from overseas? REALLY? OMG I didnt know!
And all the places we rent...those are owned by foriegners? REALLY? OMG I didnt know!
And our public utilities too?! We're doomed!
And thats what the vast majority of money is spent on by poor people.
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