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Do any of you seriously think the middle class is better off now after Trickle down for 25 years?
The rich just made more money, they maximized profits by cutting pensions and health care coverage...while CEO's bonus's skyrocketed vs the avg employee.
Do any of you seriously think the middle class is better off now after Trickle down for 25 years?
The rich just made more money, they maximized profits by cutting pensions and health care coverage...while CEO's bonus's skyrocketed vs the avg employee.
the middleclass is being hurt not by trickledown, but by the socialist globalist liberal policies that cause stagflation
The rich just made more money, they maximized profits by cutting pensions and health care coverage...while CEO's bonus's skyrocketed vs the avg employee.
I see someone needs the CEO and corporate profits tutorial...
CalPERS and other pension programs like them DEMAND corporate profitability. Why? Because they need a high rate of return on their investment holdings to pay those pensions.
Quote:
"...working people have bought enough stocks and shares to become bosses of the bosses. And some pension funds have begun making that clear. CalPERS, the California Public Employees' Retirement System, has led the way in telling Chief Executive Officers (CEOs) and boards of directors that they'd better manage effectively or else. And, CEOs and directors listen; after all CalPERS runs the country's biggest pension fund"
An excellent question. It used to work to some decent degree, because the rich business owners needed to obtain workers for their businesses here in America, and that required them to pay relatively decent wages. It was a mutually beneficial arrangement born of self interest. Win-win.
It does not work anymore because the business owner can now source globally for many of those same jobs for a fraction of the cost of the former American employee. And so those formerly well-paid American workers must now trade down to more menial jobs such as Walmart serf, where they make a lot less. It's still the same self-interested relationship dynamic except that the American employee now has nothing compelling to offer and the rich business owner makes a lot more. Win-lose.
It will not work under Romney, because these are deep, largely permanent structural changes. The solution would require a structural policy solution, but neither Republicans nor Democrats have one. Democrats just want government to take up the slack. Republicans just want to give even freer reign to rich people while pretending that trickle-down economics works in this new structurally different environment. Don't look for the economy to improve dramatically under Obama or Romney...it will be about the Sam regardless of who wins.
Trickle up poverty worked more quickly and efficiently. Squelched the effects of trickle down.
Trickle down did/does work.
If the poor become middle class the DNC will lose it's voting base. They had to make sure trickle down economics didn't work as well as it could have. Look at the explosion of the food stamp program and welfare in general. Talk about a raging success!
Logically, "trickle down" economics is the only formula that has a chance of working, based on fundamental realities that have never been any different. There can only be a sharing of the wealth if there is wealth to share ... and "trickle up" is not an option unless universal poverty is the goal.
The problems we are suffering from is not a lack of regulation, or available wealth, but in the lack of enforcement of laws that are in place. There is no trickle down occurring because of the wholesale corruption that has facilitated the massive bleeding of the economy dry, from the top, before it makes it into general circulation. We've had a tripling of the money supply just in the last few years, but not a corresponding rise in inflation because that money is being diverted off shore and sat on by those who have managed to corrupt the system to the point that there are no checks to their criminal conduct. And it is they who are responsible for presenting these "solutions" to problems they have caused. And the "suckers" just don't get it.
What we have is a populace of "suckers" playing checkers, when the real game is chess. The directors of the economy are always 6 moves ahead. They've now managed to convince the drooling masses that millionaires are the big problem and we have to tax them at much higher rates to correct the economic imbalance that is actually being caused by them, the multibillionaires and transnational corporations who are the real culprits creating this economic chaos.
First, the middle class has been crushed. Now the upper middle is under attack. Yes, when Obama and his demolition crew talk about taxing the wealthy, that is who they are referring to ... the Millionaire who represents the upper middle class ... the guys that own and run the medium scale businesses that provide the vast majority of the jobs in our economy. The large corporate giants that have been off shoring jobs now for decades, are the parasites feeding off the rest of us, including those medium scale businesses who have been the source of jobs for quite some time now. Guess what happens when you make their businesses financially unstable through higher taxes, regulations, and mandates like health care? They fold, allowing those transnational corporations to swoop in and pick them up for pennies on the dollar, consolidating greater wealth in the hands of the real financial criminals. And that's why we see this massive consolidation taking place as larger and larger segments of the economy and it's corresponding levels of wealth are now concentrated into fewer hands.
The public remains clueless as they actually cheer their own demise. For the first time in history, the general masses have been convinced to demand higher taxation, bringing new meaning to the word "idiot". The new mantra is "thank you sir ... may I have another". And the beatings will continue until the system collapses entirely under the weight of it's own corruption. It won't change any other way, because the public really are too stupid now to ever be expected to demand positive changes.
Off topic, I asked if trickle down worked. Did it?
Sure it did.
There was once this homeless guy who lived in a cardboard box.
When he moved to a shelter .. I got his box 'and' the 'almost' fresh fruit and vegetables, recently acquired from a local market's dumpster.
Don't know if he was able to ever form that corporation that he was always talking about?
(building box shelters)
(He was gonna make me his first hire)
I finally had to move on though (cardboard doesn't last long outside)!
I found a 'wealthier' homeless guy who slept in a nice tent.
(It was a Really long wait until He moved to a shelter and left me his tent)
Finally, I ran into some mean, stingy dude who lived in 'too nice' of a home and had a business that 'others' had built.
The Nerve .. He actually wanted to know if I wanted ... a JOB!
Well I took it but .. I wasn't happy about it!
(well until that first paycheck came anyway)
I'm confused?
Trickle down poverty?
Trickle down wealth and JOBS?
If the poor become middle class the DNC will lose it's voting base. They had to make sure trickle down economics didn't work as well as it could have. Look at the explosion of the food stamp program and welfare in general. Talk about a raging success!
Yep. That's the Dems' trickle up poverty to guarantee votes. Make people dependent on welfare so they'll vote for the party that promises the most welfare. It's a numbers game, and it's all about votes.
"work" for whom? For the rich, yeah it worked perfectly. For the lower classes, ummm not so much. Incomes to cost of living ratios have slowly deteriorated for middle and lower class and for the rich, well lets just say they have done swimmingly.
"work" for whom? For the rich, yeah it worked perfectly. For the lower classes, ummm not so much. Incomes to cost of living ratios have slowly deteriorated for middle and lower class and for the rich, well lets just say they have done swimmingly.
Thank Bill Clinton for signing NAFTA.
Quote:
Originally Posted by InformedConsent
Yep. That's the Dems' trickle up poverty to guarantee votes. Make people dependent on welfare so they'll vote for the party that promises the most welfare. It's a numbers game, and it's all about votes.
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