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Old 08-07-2022, 07:14 AM
 
Location: Jacksonville, FL
9,925 posts, read 9,599,622 times
Reputation: 8322

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Quote:
Originally Posted by North Beach Person View Post
I never knew, until now, that JFK was a trickle down Republican:

https://time.com/4511870/john-f-kenn...an-tax-policy/

https://www.npr.org/2013/11/12/24477...ower-tax-rates

https://www.aei.org/carpe-diem/lets-...side-tax-cuts/

Or, as he said, "A rising tide lifts all boats".
Shush, don’t bring facts into the discussion, it interferes with the whining.

JFK wouldn’t be able to win a primary for dog catcher in today’s Democrat Party. The party has moved far, far to the left since his day.
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Old 08-07-2022, 07:30 AM
 
26,639 posts, read 13,411,430 times
Reputation: 8046
Quote:
Originally Posted by DorianRo View Post
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?
Nothing you said is remotely close to the truth.

Of course the money doesn’t trickle down - it pours down immediately! The rich often must wait years to see any return while the poor gets paid immediately.
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Old 08-07-2022, 07:32 AM
 
26,639 posts, read 13,411,430 times
Reputation: 8046
Quote:
Originally Posted by tickyul View Post
I have lived around lower middle-class and below all my life.

Most of these people stay in their poor positions in life due to bad choices they make.....little to nothing to do with the evil, hoarding rich or lack of true trickle-down economics.
That’s correct. Most people in our society stay poor by choice, including their choice to vote for the democrats.

Wise people should never vote for a party claiming to representing the poor such as democrats. The reason is that the only way for that party to stay in power is to produce more poor people.
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Old 08-07-2022, 07:36 AM
 
Location: NJ
21,010 posts, read 14,970,407 times
Reputation: 15165
Quote:
Originally Posted by DorianRo View Post
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?
first off, the latest dem legislation will enrich the rich even further and devastate the middle income. Don't you love the reconstitution of taxing foreign oil, to lower gas prices, brag about it and then raise gas tax even higher. Student loans will be paid off for the wealthy including the squad and other legislators.

2ndly, unless the wealthy bury their money in the back yard, it is invested and investments spur the economy, jobs and float all boats.

Trump had the economy roaring, black business flourishing, all demographics income increasing, energy independence and job participation.

Biden does just the opposite and you criticize trump's economic policies???????

The economic disaster biden economists predicted would happen under Trump , never happened under Trump. Those predictions came true under Biden. So much for the credibility of biden admin economic advisors!
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Old 08-07-2022, 07:41 AM
 
Location: Annandale, VA
4,885 posts, read 1,361,661 times
Reputation: 4858
Quote:
Originally Posted by Kristinas_Cap View Post
agreed. i have spent much time in my professional life in low income dwellings. these people regardless of race all have similar things in common. they usually live in dilapidated filthy housing, have the latest impulse purchases, always have multiple pets/tattoos/dumb car accessories/some sort of addiction food, alcohol or drugs. if they only put their energy towards getting their stuff together they would probably have a better standard of living.
.... and they always have enough money to go on vacations or travel.
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Old 08-07-2022, 07:41 AM
 
8,300 posts, read 3,457,460 times
Reputation: 6008
Quote:
Originally Posted by DRob4JC View Post
The fact that people keep trying falsely claim that trickle down doesn't work... sort of validates that it does work. Otherwise they wouldn't have to keep kicking at it.

If trickle down doesn't work... what works?
stop expanding credit,it mostly affect the middle class ,they are the ones who feed the rich/ultra rich by patronising their goods and services=from PC to laptop to cell phone/smart phone,Alexa,Peleton exercise machine,coffee machine.
Poor people either do not have credit card,if they do,they dont have 10,20,30 of them in their wallet or at home in their desk drawer.
It will stop the rich to get richer,would it help the poor?I dont know ?
But it will help the middle class when they retire,they look around the house and wonder why they bought all these items?and have less money for retirement.
As for the poor,someone once said Poor will always be poor?You hear about Horatio Alger story but how many are out there?Government can give them food and shelter but cannot make them rich.
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Old 08-07-2022, 07:50 AM
 
Location: America's Kakistocracy
20,955 posts, read 15,072,257 times
Reputation: 18208
As opposed to the elite/serf class feudalism that the left loves so dearly--the idea that the rabble are thrown enough of a bone (given an I-phone, some drugs, a free abortion, etc) so that they don't storm the elite castle, and the elites amass all the wealth, drive the best cars, fly the best planes, live in palaces, and laugh at how stupid the serfs are.
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Old 08-07-2022, 07:53 AM
 
3,741 posts, read 1,968,981 times
Reputation: 5475
Quote:
Originally Posted by lifeexplorer View Post
That’s correct. Most people in our society stay poor by choice, including their choice to vote for the democrats.

Wise people should never vote for a party claiming to representing the poor such as democrats. The reason is that the only way for that party to stay in power is to produce more poor people.

I agree, most do stay poor due to the psychological mindset of being poor; this is generational in many cases.
I do know one woman, an accountant; that cannot afford her rent.
As she has 3 children, and no child support from her ex.
This should NOT be happening in America; as she makes too much $ for any government taxpayer-funded subsidies.
Socialism only works until you run out of other peoples' money.
However, earned income has always been taxed at higher rates than long-term capital gains; that's a problem. Economic laws were written for the rich, according to the author of rich dad poor dad.
Corporate CEO salaries have skyrocketed recently, due to the casino on Wall St. generating what some can consider unearned income.
The growing disparity between rich and poor may not be sustainable.
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Old 08-07-2022, 07:55 AM
 
26,639 posts, read 13,411,430 times
Reputation: 8046
Quote:
Originally Posted by Kracer View Post
first off, the latest dem legislation will enrich the rich even further and devastate the middle income. Don't you love the reconstitution of taxing foreign oil, to lower gas prices, brag about it and then raise gas tax even higher. Student loans will be paid off for the wealthy including the squad and other legislators.

2ndly, unless the wealthy bury their money in the back yard, it is invested and investments spur the economy, jobs and float all boats.

Trump had the economy roaring, black business flourishing, all demographics income increasing, energy independence and job participation.

Biden does just the opposite and you criticize trump's economic policies???????

The economic disaster biden economists predicted would happen under Trump , never happened under Trump. Those predictions came true under Biden. So much for the credibility of biden admin economic advisors!
That’s correct. When the government spends money, regardless of which party being in power, it is to benefit the party’s special interest groups.

So, a small government with limited power would benefit everyone as a whole.
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Old 08-07-2022, 08:04 AM
 
Location: King County, WA
13,402 posts, read 4,413,787 times
Reputation: 10928
It's more of a trickle up economy, where everything gets less and less affordable unless you are one of the wealthy.
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