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Old 03-07-2017, 10:00 AM
 
26,694 posts, read 14,576,036 times
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Quote:
Originally Posted by pknopp View Post
And it's been practiced by every president since.
And it's been practiced by everybody since the dawn of human except when the communists took over.
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Old 03-07-2017, 10:03 AM
 
Location: Londonderry, NH
41,479 posts, read 59,805,597 times
Reputation: 24863
Trickle down = shovel up. Wealth has always been redistributed from the people that do the work to the people that own the workplace. ALWAYS! Our economy is still based on the Roman slave estates only we now call ourselves free.


This has worked well enough that the resort OWNED by our President doubled its annual fee to $200,000 per member and they still are getting more applicants than they have room. The Donald will NEVER allow ANY of his income to trickle anywhere except his own pocket.


You guys elected a thief and we all have to live with that. Unfortunately for most of us including the vast majority that elected him.
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Old 03-07-2017, 10:07 AM
 
26,694 posts, read 14,576,036 times
Reputation: 8094
Quote:
Originally Posted by GregW View Post
Trickle down = shovel up. Wealth has always been redistributed from the people that do the work to the people that own the workplace. ALWAYS! Our economy is still based on the Roman slave estates only we now call ourselves free.


This has worked well enough that the resort OWNED by our President doubled its annual fee to $200,000 per member and they still are getting more applicants than they have room. The Donald will NEVER allow ANY of his income to trickle anywhere except his own pocket.


You guys elected a thief and we all have to live with that. Unfortunately for most of us including the vast majority that elected him.


Wouldn't the poor illegal immigrants Donny allegedly hired at his club get some of the $200,000 membership fee? They don't work for free, do they?

Since the business is so good as you described, would they need to expand, meaning hiring more illegals? That money doesn't trickle down to the poor illegals?
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Old 03-07-2017, 10:12 AM
 
26,694 posts, read 14,576,036 times
Reputation: 8094
What do you think the rich people do with their wealth?

If they buy properties, they have to pay property tax - trickle down.
If they own properties, they have to pay people to maintain it - trickle down.
If they buy properties, they have to pay people to build the property - trickle down.

Unless the money is sitting in their backyard, it's always trickling down.
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Old 03-07-2017, 10:15 AM
 
79,907 posts, read 44,231,797 times
Reputation: 17209
Quote:
Originally Posted by lifeexplorer View Post
What do you think the rich people do with their wealth?

If they buy properties, they have to pay property tax - trickle down.
If they own properties, they have to pay people to maintain it - trickle down.
If they buy properties, they have to pay people to build the property - trickle down.

Unless the money is sitting in their backyard, it's always trickling down.
Quantitative Easing did not trickle down. It stayed at the top.
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Old 03-07-2017, 10:19 AM
 
26,694 posts, read 14,576,036 times
Reputation: 8094
Quote:
Originally Posted by pknopp View Post
Quantitative Easing did not trickle down. It stayed at the top.
Like how? Again, unless the money is sitting in their backyard, it's always trickling down.

Please also keep in mind that rich people don't stay rich. 70% of Rich Families Lose Their Wealth by the Second Generation and 90% by the Third.

70% of Rich Families Lose Their Wealth by the Second Generation | Money
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Old 03-07-2017, 10:23 AM
 
4,540 posts, read 2,787,818 times
Reputation: 4921
Quote:
Originally Posted by lifeexplorer View Post
What do you think the rich people do with their wealth?

If they buy properties, they have to pay property tax - trickle down.
If they own properties, they have to pay people to maintain it - trickle down.
If they buy properties, they have to pay people to build the property - trickle down.

Unless the money is sitting in their backyard, it's always trickling down.
Marginal propensity to consume my friend. A billionaire isn't buying 1000 cars and 1000 houses or doing much of anything to stimulate the economy. One billion in the hands 10,000 consumers is worth much more than 1 billion sitting around in one persons pocket.
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Old 03-07-2017, 10:24 AM
 
8,886 posts, read 4,587,391 times
Reputation: 16247
Quote:
Originally Posted by GregW View Post
Trickle down = shovel up. Wealth has always been redistributed from the people that do the work to the people that own the workplace. ALWAYS! Our economy is still based on the Roman slave estates only we now call ourselves free.


This has worked well enough that the resort OWNED by our President doubled its annual fee to $200,000 per member and they still are getting more applicants than they have room. The Donald will NEVER allow ANY of his income to trickle anywhere except his own pocket.


You guys elected a thief and we all have to live with that. Unfortunately for most of us including the vast majority that elected him.

lol - like our other choice was any less of a thief....
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Old 03-07-2017, 10:26 AM
 
26,694 posts, read 14,576,036 times
Reputation: 8094
Quote:
Originally Posted by Drewjdeg View Post
Marginal propensity to consume my friend. A billionaire isn't buying 1000 cars and 1000 houses or doing much of anything to stimulate the economy. One billion in the hands 10,000 consumers is worth much more than 1 billion sitting around in one persons pocket.
What does that billionaire do with the billion? Sitting in the backyard or invested in companies that build cars, houses, rockets, pens, etc.?
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Old 03-07-2017, 10:29 AM
 
Location: North of Canada, but not the Arctic
21,154 posts, read 19,736,448 times
Reputation: 25690
The only way that trickle-down wouldn't work is if rich people stuffed their money in their mattresses. But they don't. They either spend their money, which trickles down. Or they save/invest it, which also trickles down to people who take out loans or start/expand their companies.

It baffles me that we have people who are so ignorant that they can't comprehend simple economics.
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