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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?
Liberals claim trickle down doesn't work....
Because they don't understand (or intentionally misrepresent) what trickle down actually is and what it's supposed to do.
Trickle down is just Capitalism being allowed to work the way it's intended to.
It doesn't mean that money, wealth and prosperity is going to fall into your lap.
Because what trickles down is OPPORTUNITY.
But YOU still have to go out and get your share of the trickle down, because no one is going to hand it to you on a silver platter.
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?
the income gap increase in every first world nation... that gap has increase in not only the USA, but every first world out there, including the more "social" nations like France, Belgium, Denmark, Sweden, Norway
btw, trickle down (rising tide) works a heck of a lot better than the liberals trickle up welfare
It's more of a trickle up economy, where everything gets less and less affordable unless you are one of the wealthy.
that would be the liberals inflation... the one that Obama describes as he (now biden) will fundamentally transform/transition this nation... notice the words they use..they are currently saying the inflation is transitory, and transitional
funny, how Obama and now biden use some of the same terms
who creates high paying jobs? who buys whatever they want? it all trickles down. free market capitalism gives you the life you enjoy, which is a much better standard of living than socialist utopias. under capitalism, you can go to whatever restaurant you want. you can go to the supermarket and buy basically anything you want. you can buy specialty products. what does government create? i wonder how many high paying jobs people like Elon Musk created? space x, tesla, boring company, paypal. that’s trickle down. the idea is to let businesses thrive by getting the foot of government off off their throats.
Spot on. Also, who funds the welfare state ? Who spends millions to donate to hospitals and learning institutions ? It certainly isn't the half of the population that doesn't even pay income taxes, yet reap the benefits.
"I should know, I own one". Good for you, and as long as you are paying your fair share, you are to be congratulated. However, those who do not pay their fair share, should be taxed to the point it hurts.
those who don't pay their "fair share" should be fined and penalized. Fair share being defined as "legal under the laws that Congress enacts".
Or did you mean "fair" based upon the opinion of ignorant and jealous people that want to spend other people's money?
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?
It DID work. When the higher end was doing well, so was the lower end. Just saying it doesn't work, doesn't make it so.
I know when we make more, I hire more people, take more trips, etc. The proof? More people were taken off the welfare rolls under Trump. Real wages increased for the first time in decades. Black, hispanic and female unemployment were at historic lows.
The Democrat party Senators (except Bernie) disagree with you, & they are voting to keep allowing millionaires & billionaires to use a very lucrative tax-dodging loophole called "carried interest" in their new $433b spending bill. You can read all about it right here:
What do you think about that? Are you okay with the Dems allowing this tax loophole to continue?
of course they are. I mean, Manchin said he would NOT support the bill if it DIDN'T have the carried interest. And then they remembered they needed Sinema too and *poof* just a little eraser action. Nothing to see here.
"I should know, I own one". Good for you, and as long as you are paying your fair share, you are to be congratulated. However, those who do not pay their fair share, should be taxed to the point it hurts.
Who decides how much is 'fair share'? You? How much do YOU pay? 57% of the people in this country pay ZERO FEDERAL INCOME TAXES. I say how about if they pay a fair share decided by me.
In fact, the only time anyone digs up what started life as "Reaganomics" is to present a straw man argument for the purpose of drawing attention away from the current economic malaise.
Poverty has many different causes with a great deal of overlap between them.
The connections between generational poverty and Democrat policy are many.
And while policies of the now-irrelevant corporate ***** wing of the Republican Party probably don't help much, they don't reward failure and don't encourage continued failure the way Democrat policies do.
Anyone can develop marketable skills and improve their situation if they really want to, so the focus should be on the concrete actions of individuals instead of abstract political theories from the 1980s.
Wonder how much money will be tossed down the drain under the 'Inflation Reduction' Act for Green energy. We already saw Obama toss $500M into the street for Solyndra. That's chicken feed compared to the new deal. https://www.washingtonpost.com/solyn...lHP_story.html
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Are you okay with the Dems allowing this tax loophole to continue?
