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There is no such thing as an economic theory called "trickle down". It is nothing but a scare tactic used by the left to maintain a highly stratified progressive tax system.
this took about 6 seconds to find. Chose this link as it was a nice breakdown...no wonder so many people voted for Trump...why am I surprised...
"Any policy can be considered “trickle-down” if the following are true: first, a principle mechanism of the policy disproportionately benefits wealthy businesses and/or individuals in the short run. Second, the policy is designed to boost standards of living for all individuals in the long run."
Short of going all communist on the rich, not one single policy is not disproportionately benefits the wealthy.
"Any policy can be considered “trickle-down†if the following are true: first, a principle mechanism of the policy disproportionately benefits wealthy businesses and/or individuals in the short run. Second, the policy is designed to boost standards of living for all individuals in the long run."
Short of going all communist on the rich, not one single policy is not disproportionately benefits the wealthy.
so wait- are you arguing there is no theory or it's too broad of a theory? seem to be mixed messages here?
I made no argument- I made an observation; that someone threw out a wild accusation with no proof or support, typical around here especially with one side...Had I said trickle down economics is not above the head of a liberal I would be expected to offer support.
And it took me 5 seconds to read the first sentence under "breaking down trickle down theory" of your own damn link to find out that I was 100% correct.
If this forum were a screwball comedy, you would currently have a face full of cream pie.
How many Rolls Royce do the poor buy? How many mansions do the poor buy? That doesn't create jobs and get money into the economy?
So I guess the rich spending their money on one item is the important thing and not the total amount they spend.
Actually it doesn't rich people buying stuff like that helps the economy very little. You want more of the masses buying houses and cars not a few rich people buying bigger houses and more expensive cars.
Quote:
Originally Posted by Mr. Joshua
There is no such thing as an economic theory called "trickle down". It is nothing but a scare tactic used by the left to maintain a highly stratified progressive tax system.
Trickle down economics was a scheme Reagan's Wall Street and banker cronies tricked Reagan into thinking was a good idea. Reagan didn't know any better he was just an actor for gods sake it's not like he was a Ph.D. in economics or something. He was going by what they told him.
Last edited by wanderlust76; 03-07-2017 at 06:52 PM..
There is no such thing as an economic theory called "trickle down". It is nothing but a scare tactic used by the left to maintain a highly stratified progressive tax system.
Quote:
Originally Posted by Mr. Joshua
And it took me 5 seconds to read the first sentence under "breaking down trickle down theory" of your own damn link to find out that I was 100% correct.
If this forum were a screwball comedy, you would currently have a face full of cream pie.
Lol!
Here's the first sentence- please enlighten me as to how this proves there is no theory?
Trickle-down economics is political in nature, not scientific.
That states it's a theory. And it you're trying to win on a technicality by saying since it's a political theory- well I got news for you- economics is political these days....
The rest of that paragraph goes on to explain how it's broad based theory without a single definition....but again it's a theory...so maybe save the pie for yourself...I'm more of a cake guy anyway...
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