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That's fine... from where do they get their money?
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Originally Posted by pknopp
Why shouldn't they get it from the same place Wall Street did? The Fed printing processes?
No, no... where does the bottom get their money?
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Originally Posted by wanderlust76
That doesn't matter there is way less millionaires than everyone else. It helps the economy more if the bottom 99 pct has more money. Watch billionaire Nick Hanauer's material he explains it perfectly he's been on Bill Maher, did TedTalks, all the cable news shows, etc.
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.
We can't have any reasonable or rational argument if we can't agree with the basic facts such as trickle down, gravity or blue sky.
It might be oversimplifying, but it is correct analogy.
It's not just one thing. Trickle down does work when a Bill Gates creates a company and employs thousands.
It does NOT work when its controlled by the government. The government can only take from one to give to another.
When the government does as it suggesting now, decreasing taxes while increasing debt that does not work. Maybe the millionaire can afford a beach house but someone still has to pay that debt.
Whatever you you want to call it... the source is from someone higher up on the scale that can afford to pay or give stuff to those on the bottom.
You already knew the answer... for some reason you don't like the truth of it. Why?
The reason the top has so much is because the government has gave them trillions. You then condemn those who aren't happy with the crumbs that fall off the table.
Wasn't the asinine "Trickle-Down" theory, AKA Ronald Reagan's "Voodoo Economics" ?
I think David Stockman was the actual architect, under Reagan. Stockman has blossomed into a chicken little perma bear.
'Voodoo Economics' was a GHWB losing campaign term, before he became Reagan's VP.
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