Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
I think its normal with Europe just starting cheap money to get some growth. I mean they have to do something after 7 years of we will if needed the countries that actually did austerity and worked at it seem to have made most progress but I many its politically impossible with so many state dependents. Greece is a extreme example.
"Trickle-Down Economics" -- The Most Destructive Phrase Of All Time? - Forbes
It was devised by Democrats in the 1980s as a way to attack President Reagan’s economic policy combination of tax rate cuts and some relaxation of federal regulations. They needed a catchy, easy-to-remember zinger to fire at Reagan; a line that would keep their voting base angry.
As a political slogan, it was a brilliant stroke.
The trouble is that it has led vast numbers of people into a disastrously mistaken idea about the source of prosperity – that high taxes and a growing government is the way to increase it.
..
In a free society, wealth doesn’t trickle down, or up, or sideways. It is earned.
Things will find a natural level on it's own. The government picking winners and losers is always going to be a loser.
Wages are stagnant. The government then still deciding we need inflation is the same mistake Jimmy Carter made. The people can't keep up and things slow way down.
For things to get going someone is going to have to tell Wall Street that there is no such things as guaranteed returns. That if you want good returns, you actually create something other than printed money.
Fixed investments went from 4.1% in 4Q14 to -3.1% in 1Q15.
That's your business infrastructure.
Betcha the Fed will hold raising rates yet again .....
Which is the opposite of what they should do. Raise rates and those that expected to retire on their savings can do just that. They retire and move out of the way for others to move into their jobs. They also have money to spend, creating more jobs.
When you announce rates are going up people get off their butts and make the purchases they put off. Houses, cars, etc and things heat up more.
You then get out of the way. Free money is not realistic. Yes, maybe that means we do not have year after year of record Wall Street gains but it was never supposed to be that way.
"Trickle-Down Economics" -- The Most Destructive Phrase Of All Time? - Forbes
It was devised by Democrats in the 1980s as a way to attack President Reagan’s economic policy combination of tax rate cuts and some relaxation of federal regulations. They needed a catchy, easy-to-remember zinger to fire at Reagan; a line that would keep their voting base angry.
As a political slogan, it was a brilliant stroke.
The trouble is that it has led vast numbers of people into a disastrously mistaken idea about the source of prosperity – that high taxes and a growing government is the way to increase it.
..
In a free society, wealth doesn’t trickle down, or up, or sideways. It is earned.
I am not against "trickle down" as an idea. I've used Microsoft as an example many times. Yes, Bill Gates has made a bundle but thousands, perhaps hundreds of thousands have also participated in that wealth.
That is how "trickle down" is supposed to work.
"Trickle Down" as a political argument is as you say. People should be able to keep more of their money even if it simply goes in the bank.
Obama has lowered food prices, but he is raising gas prices again (why?). That puts the consumer in a box and holds back growth.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
