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Anytime I see someone use the term "trickle-down" these days, I assume they're eating up whatever their leftist sources are feeding them. It's always an attack on the free market, and people who support free markets (usually libertarians) never talk about trickle-down. I only ever see it from the left...just bothers me.
What part of a free market bails.out failed businesses?
This is not the normal process of anything. It is not good, organic,... should have never happened.
You point this out... how well did it work? It's not trickle down economics, as you stated.
It worked great for Wall Street. Not so much for the rest. The middle class stagnated while the poor fell further behind.
No it shouldn't have happened but it did. Now there are repurcussions. It happened because those who knew it was wrong would not speak up because it was Obama doing it.
The truly sad thing about American politics is the fact of the two parties being essentially the same. Slaves to money and power, that was the original fear of the founders with regard to expanding on the democracy beyond the realm of the learned men. We see the scrapping over who was worse, Obama or Trump, but in the end the smart people will see that neither cares about the largest constituency in America. No, they merely serve the few at the top.
All of the financial meanderings of the Bush, Clinton, Obama, and now Trump administrations have taken our money and given it to the wealthy, you'd think the fact of that would somehow trickle down, but it doesn't. The whole world is watching as America destroys itself in a politically polarized frenzy of hate---and the rich sip their cocktails, secure in their knowledge that their propaganda does indeed bring interesting results.
Pretty much sums it up. Some of them may have had good intentions at one time. It quickly becomes apparent to any new President that he has almost zero power to change anything. The monied interests have the power, they bought Congress decades ago. Their greatest coup was Citizens United, the nail in the coffin for the American middle class.
Pretty much sums it up. Some of them may have had good intentions at one time. It quickly becomes apparent to any new President that he has almost zero power to change anything. The monied interests have the power, they bought Congress decades ago. Their greatest coup was Citizens United, the nail in the coffin for the American middle class.
Hillary spent far more of their money than Trump did.
You've obviously never heard of the multiplier effect derived from the marginal propensity to consume. In fact, the statement you made has been empirically denied time and time again. Trickle down doesn't work because consumers drive demand. Yes, a movie executive may employ 1000 people - but we are arguing that the trend of bonuses and lower taxes for executives is voodoo economics.
Take this study from the Institute for Policy Studies:
On a one to one basis, a consumer from the top spends more than a consumer from the bottom. How many people from the bottom does it take to equal what a person at the top spends?
So you linked to a report that has this.
Here's what you need to understand about trickle down economics. It is taking place in both cases. And both add to the economy. In both cases, money is flowing downstream. Now in the case of the bonuses, the slope of the trickle is not very noticeable, but people with more money are giving bonuses to people with less money.
I do agree that more people having money will make the trickle down more efficient.
Last edited by DRob4JC; 03-08-2017 at 07:12 AM..
Reason: spelling
It worked great for Wall Street. Not so much for the rest. The middle class stagnated while the poor fell further behind.
No it shouldn't have happened but it did. Now there are repurcussions. It happened because those who knew it was wrong would not speak up because it was Obama doing it.
Again - QE has nothing to do with trickle down economics.
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