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Location: Live:Downtown Phoenix, AZ/Work:Greater Los Angeles, CA
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Quote:
Originally Posted by Listener2307
What's your point?
Wealth was created and millions enjoyed being employed as a result of that wealth. When wealth disappeared the economy suffered and people lost their jobs. Seems to me that the Dot Com episode is a case study in how trickle down works.
My point is it was artificial, real growth is permanent.
Wonder how big their 401Ks are for those floor workers at Wally World and McD's and those other fast food joints, day care workers, and multitudes of other part time, hourly workers in many, many industries that pay pretty much minimum wage. Think they are all working at that because of the 401K, health benefits, great group rates on health and life insurance, and enough money to pay their bills every month? What? They don't have all that? Darn, they must be poor, then. <Poof>, there goes the big 401K.
This is the second time I have seen a Democrat repeat fake news that Walmart doesn't have a 401K.
Walmart has:
-6% match in their 401K
-Company match when buying Walmart Stock
-10% discount when buying fruit, vegetables and regularly priced merchandise
-Discounts on:
--cell phone providers
--travel
--entertainment
--other goods and services
If you flipped burgers from age 18 to age 65 at McDonalds...start out at $18,000 a year, get 3% raises and make a very attainable 8% return ---- while only putting 1% of your salary into your 401K....you will wind up with half a million dollars ($498,857) --- not bad for a supplement to social security for a burger flipper.
If there is further disparity between the rich and poor, and a shrinking middle class does that imply that trickle down economics is partly to blame?
The size of the upper middle class grew from 12.9 percent of the population in 1979 to 29.4 percent in 2014.
The endlessly talked about "disparity between...." and the "shrinking middle class" is doing no such thing. Myth of the Declining Middle Class - Hit & Run : Reason.com
Breaking News: When rich people get a tax cut, or in this case a license to pollute, the savings don't trickle down, they call it profit and they collect it.
Do Trump lemmings really believe that pulling out of a climate deal is going to help the US economy?
Corporations will pollute because they can increase dividends. Everyday Americans will be poisoned ie WR Grace and working
taxpayers will foot their medical bills.
The only thing trickling down will be Mercury and sulfuric acid rain on our children so some fat cat can have a gold toilet.
What a win for the American People...not.
Go Leukemia!
Actually Hillary Clinton was a fool to believe in the fairy tail of the popular vote.
LOL!
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everyone else just doesn't have the smarts to "understand "
