Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Dude, trickle down means your money in my pocket without I having to do any work.
Really?
"Steps to Trickle Down Theory The trickle-down theory starts with a corporate income tax reduction as well as looser regulation. Also, wealthy taxpayers may get a tax cut, meaning the top income brackets get lowered. As a result, more money remains in the private sector leading to business investment such as buying new factories, upgrading technology, and equipment as well as hiring more workers. The new technologies boost productivity and economic growth.
Wealthy individuals spend more due to the extra money, which creates demand for goods in the economy and ultimately spurs economic growth and more jobs. The workers also spend and invest more, creating growth in industries such as housing, automobiles, consumer goods, and retail. Workers ultimately benefit from trickle-down economics as their standard of living increases. And since people keep more of their money (with lower tax rates), they're incentivized to work and invest. As a result of the widespread economic growth, the government takes in more tax revenue—so much so, that the added revenue is enough to pay for the original tax cuts for the wealthy and corporations.
More Communist drivel. If you don't make it here you're an idiot. There are plenty of poorer people that do well, get rich and succeed. It happens all the time but the Left want to remain constant VICTIMS. Pessimism, doom and gloom is there trade. All lies.
So everybody in America gets rich unless they are stupid, some must just die waiting in line for their turn being king?
Seriously there simply arent enough "Indian Chief" jobs for everybody. You get to be Indian Chief by hook or by crook and that means most others dont.
Capitalism requires a "slave class" so others can live like a king, simple as that. Call it whatever you want. By way common sense tells you that it takes a whole lot of slaves toiling for that one rich guy to live like a king.
not really. you dont see the massive leap until you hit the top 0.1%
Yes and no. Theres a ton of trickle down at the 2% and 1% level. But thats also where very little money is. I know for most people a 6 or 7 figure income sounds insane, but its not. Im in the top 10% for single earners I think, so for me yeah-you make a LOT more then me. But my family is....hmm...how to put this. My father made more in one year then I have made in the last 50 years. Ive seen a grand total of...$3,000 of it when he gave me some help with my house down payment-and even that was transactional shall we say. Its not that we are estranged so much as my father has seen other children ruined by parents helping too much. Ive seen someone get a fully paid ride to Harvard and Yale, everything. A license to print money.....and they have failed in life. Horrifically.
So I've lived on estates with maids, and gardeners when I stayed with him during summers as a child....and Ive lived with my mom in abject poverty the rest of the time. It was....eye opening.
So when you get a tax break, you still spend a lot of it. It DOES trickle down. When the top .1% gets one...nothing changes. They dont do things that move that money, they're spending a million a year in things....but taking in tens of millions more. their spending doesn't change much, but their investments crowd everyone else out at the bottom end.
And...theyre completely unaware of how life actually works. A speeding ticket for them is more about the time the cop wastes in writing it, then it is the money. If they really want to they can destroy someones life using pocket change. Its a different world entirely. And trickle down just doesnt occur because most are spending all they really want or need too.
Like I said, it’s very pathetic that you don’t understand making money is NOT a zero sum game.
When someone takes in millions, it literally means he has helped millions of people if not more and created more wealth. Nothing in life is better than making money via free trade.
So everybody in America gets rich unless they are stupid, some must just die waiting in line for their turn being king?
Seriously there simply arent enough "Indian Chief" jobs for everybody. You get to be Indian Chief by hook or by crook and that means most others dont.
Capitalism requires a "slave class" so others can live like a king, simple as that. Call it whatever you want. By way common sense tells you that it takes a whole lot of slaves toiling for that one rich guy to live like a king.
Total crap.
If that’s the case, why 70% of the rich people lose their wealth by the third generation and 90% by the fourth?
Why 80% of the rich people are first generation and self-made?
It did trickle down, it trickled all the way down to China!
That's where the democrats and repubs allowed all of our manufacturing to go.
The unions didn't help either, their demands were so great that the companies told em to f*** off and decided China was ideal, and our government allowed it to happen.
This is exactly it. Before globalization, there was a trickle down effect in the US. the industrial revolution and the rise of the middle class proved it. But greed triumphs over patriotism, and when the ultra rich decided that they could make even more by sending production outside the country, they did it as soon as they could. The government did nothing to stop it, because wall st loves globalization. This is why when people say "the stock market is doing great" as if that=the economy is doing great, they are wrong. Only if you earn your living off capital gains do you think this system works. The vast, vast majority of people in the US make a living on income, not capital gains, so policy that is geared towards satisfying people who live off capital gains hurts most of your citizens. But how do you sell it to people it's hurting?
You have people like Rush Limbaugh and all who came after him who've sold the crock..with a healthy dose of thinly veiled racial identity politics, he's convinced middle class white men that they are somehow would-be robber barons..they talk like it and they vote like it, and they play "team sports" politics on the internet like it. It's really the greatest swindle this country has ever seen. You listen to talk radio and you think that income polarization is because of "the liberals" in corporate America. This takes a special level of denial to accept such BS.
Because someone runs training videos saying you can't make racist jokes doesn't mean they are a leftist.
This is exactly it. Before globalization, there was a trickle down effect in the US. the industrial revolution and the rise of the middle class proved it. But greed triumphs over patriotism, and when the ultra rich decided that they could make even more by sending production outside the country, they did it as soon as they could. The government did nothing to stop it, because wall st loves globalization. This is why when people say "the stock market is doing great" as if that=the economy is doing great, they are wrong. Only if you earn your living off capital gains do you think this system works. The vast, vast majority of people in the US make a living on income, not capital gains, so policy that is geared towards satisfying people who live off capital gains hurts most of your citizens. But how do you sell it to people it's hurting?
You have people like Rush Limbaugh and all who came after him who've sold the crock..with a healthy dose of thinly veiled racial identity politics, he's convinced middle class white men that they are somehow would-be robber barons..they talk like it and they vote like it, and they play "team sports" politics on the internet like it. It's really the greatest swindle this country has ever seen. You listen to talk radio and you think that income polarization is because of "the liberals" in corporate America. This takes a special level of denial to accept such BS.
Because someone runs training videos saying you can't make racist jokes doesn't mean they are a leftist.
Are people your slaves? Why can’t they trade with whomever they want?
A3: The gov't took it. A rapidly growing percent of America's GDP is being gobbled up by Gov't, leaving less for us. The fastest growing expense, Interest on the debt is $378B, and by 2034 it will nearly double to $655, & that assumes interest rates stay near all time lows. Scroll down on this linked article to the bar graph:
If interest rates normalize, & spending trends continue, interest on the debt will bankrupt social security and medicare in some of our lifetimes. Our system will collapse, and all but the top 1% will live in poverty.
Fifty Years of Tax Cuts for Rich Didn’t Trickle Down
Then what was it that made me financially independent?
Graduated high school, '63. Never went to college, and yet here I am - all the money and income I need with plenty left over. Something musta worked.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
This takes a special level of denial to accept such BS. 
