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.
Trickle down doesn't work in the corrupt crony capitalistic system we operate under, where government regulation is shaped by lobbyists to block any of that wealth from trickling down to the lower classes.
Trickle down doesn't work in the corrupt crony capitalistic system we operate under, where government regulation is shaped by lobbyists to block any of that wealth from trickling down to the lower classes.
"Wealth" isn't supposed to trickle down, and it has never been represented as working that way...... except by Democrats who intentionally misrepresent what trickle down actually means in order to claim that it doesn't work.
What trickles down is increased OPPORTUNITY to create your own wealth.
Thus proving that trickle down works. This chart is particularly helpful in showing that trickle down has moved more people up the socioeconomic ladder than down:
The benefits of throwing the elite/rich a bone in the hopes that that will cause a domino effect of the less fortunate benefitting hasn't exactly worked. The Rich continue to hoard and the broke continue to stay broke. If this idea works than why does the income gap continue to widened?
Then why don't you find companies that are owned and operated by poor people and spend your money with them? Why don't you quit your job and get one from a poor person? You could use your labor to help build the poor person's business. How about shopping at some poor person's grocery store, using a phone manufactured by a poor person's tech company and going to a poor person's hospital next time you need medical care?
Sounds kind of stupid doesn't it? Just like the constant whining about rich people. Rich people are rich because they or someone close to them provide/provided services and goods that poor people needed or wanted. I don't know many poor people that have things I need or want. So I don't have any reason to stop supporting the rich you seem to envy and hate.
But facts are facts, and stealing money from the wealthy and giving it to the poor is a tired old failed idea that doesn't work. I am so sick of the hate the rich, the poor are entitled and you failed because a rich person took advantage of you garbage.
No one is born with a right to something for nothing. You are born with a right to an opportunity, not a right to a handout. If you don't like the rich, stop spending your money with them. But, I like what they are selling and don't want people like you trying to take part of my money and give it to someone of no benefit to me to ease your feelings of inferiority. If the rich have more taxes or regulations, they will either raises prices to people like me or go out of business and retire. Then I lose, they lose, society in general loses and the poor stay poor just like they always have.
Funny how Trump showed in just a few short years, that if the government does not over regulate and over tax businesses, they will use money from their profits to increase wages and benefits for their employees.
I do not understand how you can think the democrat policies benefit lower income folks, when their policies wreck the very people you claim they help.
When you raise taxes on corporations, for no other reason than to punish them, after accusing them of having too much money. What do you think they will do, once they have less money? They will raise prices to their customers, hire fewer employees, and pay those employees less.
When you over regulate businesses, they will open locations in Mexico, India, china, etc... Who does that help? It sure as hell does not "benefit lower income folks."
Does it benefit you and me in any damn way at all, if Biden signs a bill passed by Democrats to increase taxes on corporations? Do you think your corporate boss will give you a raise, once Biden takes a millions more in new taxes out of your company's profits? Or do you think they will lay off employees in the US, and hire replacements to work in Mexico?
The Democrats' voter base doesn't have critical thinking skills. They can't fathom cause and effect. They just muddle along in toddler-level emotion-based tantrums. I don't get why they insist on being stuck there, but they seem to like it.
These days, wages in the United States are doing something extraordinary: They’re growing faster at the bottom than at the top. In fact, recent growth for workers with low wages has outpaced that for high-wage workers by the widest margin in at least 20 years.
Wages have accelerated in recent months, and our wage tracker currently stands at a cycle-high pace of 3.4%. … Breaking down the wage acceleration by income level, we find that wage growth has picked up sharply in the bottom half of the wage distribution, with considerably slower growth in the upper half. This pattern is consistent with our prior finding that lower income wage growth is more sensitive to slack, while higher income wage growth is more sensitive to corporate profitability. … Even if job growth slows as the labor market tightens, labor income should continue to grow at a healthy pace if wage momentum persists. The firming of wages should also put some modest upward pressure on inflation, with accelerating wage growth often preceding higher inflation.
At least the money was trickling down in the form of increased wages for lower income earners, Biden made sure that was halted in its tracks.
Looking at that chart you posted, all I can say is: it's about time wages at the lower end started going up. People at the top levels really don't need the increases. They have been doing fine for decades.
Looks like the lower end wages started going up at about the time some politicians started pushing for a raise in the minimum wage. That still hasn't happened, but once a couple of the big companies raised their starting wages, it snowballed a bit and others raised their lower end wages too.
The benefits of throwing the elite/rich a bone in the hopes that that will cause a domino effect of the less fortunate benefitting hasn't exactly worked. The Rich continue to hoard and the broke continue to stay broke. If this idea works than why does the income gap continue to widened?
Its very simple. Smart people know how to get out of poverty and dumb people don't. Smart people know how to spend money wisely and dumb people do not.
There have been many who were Rich at one time, either by inheritance or just dumb luck but there were dumb and ended up poor. Just as there were many who were poor at one time and ended up Rich because they were smart.. its not society's fault that some poor people stay poor and some rich people stay rich... its genetics...
Of course this doesn't answer your question about throwing Rich People a bone, which i get.. but its not like we aren't throwing poor people a bone... If you take issue with the Government throwing bones to the rich people then perhaps we should not elect Rich people into office?
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.
Thus proving that trickle down works. This chart is particularly helpful in showing that trickle down has moved more people up the socioeconomic ladder than down:
