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That's not trickle down. Trickle down is the idea that the more wealth at the top, the faster the economy will grow. That's because they assume people will spend that money.
They don't, that's the problem.
I don't know about that. When I had more money I spent it and I'm not wealthy.
IMHO trickle down can work at various levels. More money is incentive to do better at all levels.
But yes, I agree with you regarding the standard definition.
I don't know about that. When I had more money I spent it and I'm not wealthy.
IMHO trickle down can work at various levels. More money is incentive to do better at all levels.
But yes, I agree with you regarding the standard definition.
Its because you're not wealthy. I spend approximately 70 to 80% of my monthly income on food, mortgage, bills, the stuff that gets us by. Then I save as much of the rest of that income as is possible to build savings. 401k and pension aside.
But I'm not a multi billionaire or millionaire. They don't even spend 25% of their income to get by. That's where trickle down fails.
Either build new businesses, or spend some money to increase demand, but they aren't doing that, and that's where trickle down breaks down.
Those articles don't tackle the psychology of a brilliant and powerful business person. Equivalent of a gambler on a role, he/she knows what he/she should be doing, and remains happy in an element where nobody but his/her bank account to say "no." Once a business person hits it with and idea they want excitement. Given their capital status hiring others begins immediately and when successful, the wealth had been sprinkled over many all markets. Where the gambler analogy works is bureaucratic tape on every step of the way to riches. Combine that with a hostil buisness govenment and you're now at a casino that bills the $10 hand gambler for drinks and does not comp a $100 a hand gambler for rooms, not even the buffet.
I've never seen one idea shot down over and over and over again, by study after study after study and people still cling to it. I don't get it lol
IMO i think alot of people know it doesn't "trickle down", They just want an excuse to cut taxes for the wealthy
If all you read is that communist rag, "Stink Progress," It's no wonder you don't 'get it.'
Ever hear the expression, "A rising tide lifts all boats?"
Doesn't it make sense to you that a robust economy helps people at the lower levels of income? It may actually help them even more than those at the top, if you consider that they have more to gain by a robust economy, and they are "upwardly mobile."
When opportunity abounds, it becomes easier for lower income people to move up the ladder. Why doen't that make sense?
That is the essence of the "trickle down" theory, if you can even call it a 'theory' — it isn't really. It's just common sense economics.
I could never understand why people like you don't 'get it.' Except for the fact that you emerse yourself in that kind of garbage from "StinkProgress."
Supply side does work, but not in the way you just listed.
Henry Ford payed his workers enough money to ensure they could buy a house, have kids, put food on the table, and still have enough money to buy one of his cars.
That's supply side that works. Today we've fostered a business culture where, for one nothing is produced but wealth, and another where the bottom line is all that matters. The more money you can make, the better. Who cares what we pay the workers.
We need business leaders like Ford, not like Merril Lynch.
Ford became a billionaire by earning profit.
He paid what the market would bear and was staunchly anti-union.
Designers, artists, engineers, marketing people, managers, etc. earned far more than the assembly line worker.
America always had a strong middle class and always will.
Either build new businesses, or spend some money to increase demand, but they aren't doing that, and that's where trickle down breaks down.
I agree with others that say what has worked in the past does not work now and no matter how much trickle down there is now it will never match the 80s. Times have changed and we are in a global economy we can give the wealthy all the trickle down they can handle and they would invest in manufacturing or other in another country. If they do not like that risk they can hire a kick ass stock broker and play the market. Why would they start a company here?
On a side note I am no way advocating taxing the hell out of them either, we need to reform and change the whole tax code from top to bottom.
IMO i think alot of people know it doesn't "trickle down", They just want an excuse to cut taxes for the wealthy
Dem's believe in trickle down economy of a different type. Instead of trickle down from the rich Dem's want the rich to pay the government ,then have the government trickle it down SO both believe in trickle down, one side believes in trickle down from the wealthy one believes trickle down from the government
That's not trickle down. Trickle down is the idea that the more wealth at the top, the faster the economy will grow. That's because they assume people will spend that money.
They don't, that's the problem.
Where do wealthy people spend their money? Do they hoard it?
I see many houses being built and renovated....providing well paying jobs.
I'm almost certain that I've seen Bentley's and Rolls Royce's in my area, not to mention BMW's and MB's.
I know that wealthy people buy clothing and eat at restaurants.
They also vacation in America and spend money attending sporting events and concerts.
Should they give hand outs to the masses.....I mean more than they are forced to by the tax code?
At one point in history it worked. But people were different then.
When a business profited so did the employees.
The pipes controlling the flow are all clogged up with greed and corruption.
Examples? Do you have any, or do you just like repeating the Democrat/Progressive socialist lies?
Where do wealthy people spend their money? Do they hoard it?
I see many houses being built and renovated....providing well paying jobs.
I'm almost certain that I've seen Bentley's and Rolls Royce's in my area, not to mention BMW's and MB's.
I know that wealthy people buy clothing and eat at restaurants.
They also vacation in America and spend money attending sporting events and concerts.
Should they give hand outs to the masses.....I mean more than they are forced to by the tax code?
Lets see, we have been fighting over the 5% increase enacted by Clinton for 20 friggen years and counting and that amount would not mean squat to your above examples. Instead of continuing the same obnoxious BS it would be wise for our leaders to come up with a new plan.
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