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No it has not.......Trickle down is NOT simply one thing unlike how so many (you) want to portray it. Trickle down does not work when the government employs it. All the government can do is take from one to give to another. If they give a tax break someone else is going to have to pay for that at some point. As I've pointed out many times Q.E. was claimed to be a trickle down program but it failed miserably. Truthfully it's not even Trickle Down, it's Trickle up which is even worse.
Now Trickle down has worked in cases like Microsoft. Yes, Bill Gates has gotten incredibly rich off his company but many, many, many, many others have done very well down the line also. From wages, to those who have used his products to make their lives better, many have seen the rewards. Could Gates see that even more benefit? I suppose one could argue that but it doesn't discount the idea that it has worked.
Giving tax breaks to Microsoft doesn't work.
High tech tax payer funded government research like microprocessors and computers during the Cold War before it was handed over to private industry is not "trickle down economics" and not at all what we are talking about here.
Trickle down refers to the justification/propaganda served to the people as the politicians sucked up the donor class to give them what they wanted.
High tech tax payer funded government research like microprocessors and computers during the Cold War before it was handed over to private industry is not "trickle down economics" and not at all what we are talking about here.
Trickle down refers to the justification/propaganda served to the people as the politicians sucked up the donor class to give them what they wanted.
What was said is "trickle down does not work". That is not true. Maybe one is talking about one sort of trickle down and I noted that trickle down is not one thing, it is many so you really didn't even disagree with what I said.
I noted that it does not work in the example you gave.
No, it is not. You're mixing the concept of a strong work ethic with trickle down economics
Trickle down economics refers to a theory based on supply side economics. That theory has been pretty much discredited.
Please google "supply side economics" and read.
A strong work ethic is a necessary component of a capitalism based economy.
A strong work ethic is necessary for Trickle Down to work.
That's why the Left thinks it doesn't work, they've been brainwashed into believing that they shouldn't have to work for what they want or need in life. The entitlement mentality has become so engrained into the left's thought process that they actually believe that "rich people are hoarding all the money" ...as if wealth is finite.
Aside from instances of genuine theft, no one in America is poor because others are rich.
A strong work ethic is a necessary component of a capitalism based economy.
A strong work ethic is necessary for Trickle Down to work.
That's why the Left thinks it doesn't work, they've been brainwashed into believing that they shouldn't have to work for what they want or need in life. The entitlement mentality has become so engrained into the left's thought process that they actually believe that "rich people are hoarding all the money" ...as if wealth is finite.
Aside from instances of genuine theft, no one in America is poor because others are rich.
Work is slavery! Any half good liberal will tell you that.
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Quote:
Originally Posted by BirchBarlow
snip.
How is paying retail or taking exemptions part of "trickle down economics" ?
The only way that this argument could be partly true is if you were to argue that the retail price was the same as cost, and that is only true of maybe 3 or 4 items in an entire store.
The basis of trickle down economics as a national policy is that rich people getting wildly richer makes everyone else's life better because they will invest their riches in the USA.
Globalism destroyed there being any chance of that model working. If rich people invest in corporations that have basically driven manufacturing out of the country and good paying jobs along with it, the trickle down is happening in China, not in the US.
So, in short, it's bad economic policy for our country. It has nothing to do with work ethic or paying taxes.
Time and again you all tell us that trickle-down economics doesn't work and that a 39.5% take is too little. You all support the government's use of deadly force to confiscate as much wealth from the citizenry as possible, at least as much as possible without provoking violent resistance from the taxpayers. My question to you is this... since you all profess hatred of trickle-down economics is it a fair assumption that you don't participate?
Well, first I should say that it's not that I think trick-down economics doesn't work. I don't think it should be carried out the way in the way it's usually referred to. The highest earnest should not have special exemptions on their personal income, especially in a world where any politician will do whatever you ask them to so long as money is exchanged. I don't think there should be exemptions that one bracket has over another. Frankly, there should be fewer exemptions and taxes simply shouldn't be high enough to justify the need for exemptions.
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