dongreen76 wrote:
In the eighties such economic endeavors were known as Reaganomics or voodoo economics
The trickle down theory.In all earnest I have to admit,I experienced or felt the drizzle,I went from unemployment to respectfully ,jobs that compensated me to the tune of 3.75 an hour,to all of 4.00 bucks an hour;for those of you that don't know what the theory is,it goes like this -keep a economic climate conducive to businesses growth and expansion and the underlings within the social economic hierarchy[ the middle class,and under class] will benefit as the status quo does, VIA trickle,my piece of the action was non gainful employment of 3.75 an hour.
The Republican tax plan is an ardent congruity of trickle down philosophy.Trickle down theory is either a result of someones massive ineptitudnes at economics or some sinister evil quasi socialist concept antithetical to the concept of a free market system that certainly would not flourish a democracy as Americans know it to be.
Think of the mathematics fundamentally.the unemployment rate is at approximately 5%,there are approximately one hundred and fifty million people that are contributors to the governments revenues,also factor in businesses,all.Their tax plan encompasses across the board tax cuts,to off set and replace loss revenues by the goverment.The loss revenues will be made up by the 5%,[ approximately 7.5 million ] which they contend will be endoctrinated into the tax payer roll.7.5 million peoples taxes are going to compensate for the possible 150 million tax payers that have been given a tax cut,Furthermore,professional economist all agree the a 0 percent unemployment rate is not conducive to a healthy economy,and can be inflationary .It is not absolution[that is an old economic cliche] that business will grow and expand creating new jobs and specifically target that 5% that constitute the 5% unemployed.
What is the drug of choice of the high profile,how were they thinking?
In the eighties such economic endeavors were known... (
show quote)