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50 years of Trickle Down...
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Jul 10, 2019 17:01:32   #
PeterS
 
Yup...



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Jul 10, 2019 17:03:56   #
Hug
 
PeterS wrote:
Yup...


NOT TRUE

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Jul 10, 2019 17:25:54   #
Liberty Tree
 
PeterS wrote:
Yup...


People willing to work are doing fine. People who want a hand out not so much.

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Jul 10, 2019 17:27:34   #
archie bunker Loc: Texas
 
PeterS wrote:
Yup...


Getting pretty sad when you totalitarians are reduced to using memes to make your arguments. Talk about programmed robots!

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Jul 10, 2019 18:13:21   #
truthiness
 
Hug wrote:
NOT TRUE


Well, Hug, how about some data.
Metaphors abound to explain economic situations—e.g., “a rising tide lifts all boats.” Another describes a horse well-fed with oats excreting undigested oat kernels that are then eaten from the manure by the lowly sparrow; this is meant to depict the trickle-down (aka supply side) theory of economics where the wealthy at the top of the financial chain are given special favors (e.g., lower taxes) to benefit the middle and lower financial classes as they pick up possible financial scraps from the investments of the wealthy.
The trickle-down parable might be valid for horses and sparrows, but it does not describe financial reality. Tax breaks to the wealthy are often prescribed under supply-side theory, but the GDP per capita growth rate was 4-times higher when the income tax was 81-85% than when it was in the 51-74% range.
David Stockman, as Reagan’s budget director, realized that supply-side economics would not work as he described in his self-admitted “youthful screed,” The Triumph of Politics: Why the Reagan Revolution Failed. Now a hedge fund manager, Stockman extends his thinking to an inevitable future financial collapse in an even ‘screedier,’ The Great Deformation: The Corruption of Capitalism in America where he describes contemporary financial problems being fueled by twin problems: “FDR’s repudiation of the bipartisan tradition of sound money and the New Deal’s incubation of crony capitalism.”
Stockman’s villains in his critique include Franklin Roosevelt, Nixon, Burns, Heller, Friedman, Connally, Schulz, Laffer, Weinberger, Greenspan, Gingrich, Ruben, W. Bush, Paulson, Geitner, Mack, Krugman, Summers, and Obama while his heroes through the years include Glass, Willis, Coolidge, Hoover, Douglas, Warburg, Truman, Eisenhower, George Humphrey, Martin, Dillon, Simon, Volcker, Baker, Domenici, Clinton, O’Neill, Ron Paul, Shelby, Bair.
One notes that these are not Republican vs. Democratic divides. While Democrats are correctly seen as loose spenders and Republicans are equally correctly categorized as the prime perpetrators of crony capitalism, Stockman’s list blurs that divide. It would seem that a possible impending financial crisis and its solution are not found in the vision of the political parties. Who will lead us out of this serious problem? Some folks on this site will offer Trump. But is there any evidence in the past twenty-four months that The Donald has the answer as he vows to keep Social Security and Medicare in place and as he stacks his administration with the epitome of crony-capitalist bankers from Goldman Sachs?

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Jul 10, 2019 20:00:45   #
Hug
 
truthiness wrote:
Well, Hug, how about some data.
Metaphors abound to explain economic situations—e.g., “a rising tide lifts all boats.” Another describes a horse well-fed with oats excreting undigested oat kernels that are then eaten from the manure by the lowly sparrow; this is meant to depict the trickle-down (aka supply side) theory of economics where the wealthy at the top of the financial chain are given special favors (e.g., lower taxes) to benefit the middle and lower financial classes as they pick up possible financial scraps from the investments of the wealthy.
The trickle-down parable might be valid for horses and sparrows, but it does not describe financial reality. Tax breaks to the wealthy are often prescribed under supply-side theory, but the GDP per capita growth rate was 4-times higher when the income tax was 81-85% than when it was in the 51-74% range.
David Stockman, as Reagan’s budget director, realized that supply-side economics would not work as he described in his self-admitted “youthful screed,” The Triumph of Politics: Why the Reagan Revolution Failed. Now a hedge fund manager, Stockman extends his thinking to an inevitable future financial collapse in an even ‘screedier,’ The Great Deformation: The Corruption of Capitalism in America where he describes contemporary financial problems being fueled by twin problems: “FDR’s repudiation of the bipartisan tradition of sound money and the New Deal’s incubation of crony capitalism.”
Stockman’s villains in his critique include Franklin Roosevelt, Nixon, Burns, Heller, Friedman, Connally, Schulz, Laffer, Weinberger, Greenspan, Gingrich, Ruben, W. Bush, Paulson, Geitner, Mack, Krugman, Summers, and Obama while his heroes through the years include Glass, Willis, Coolidge, Hoover, Douglas, Warburg, Truman, Eisenhower, George Humphrey, Martin, Dillon, Simon, Volcker, Baker, Domenici, Clinton, O’Neill, Ron Paul, Shelby, Bair.
One notes that these are not Republican vs. Democratic divides. While Democrats are correctly seen as loose spenders and Republicans are equally correctly categorized as the prime perpetrators of crony capitalism, Stockman’s list blurs that divide. It would seem that a possible impending financial crisis and its solution are not found in the vision of the political parties. Who will lead us out of this serious problem? Some folks on this site will offer Trump. But is there any evidence in the past twenty-four months that The Donald has the answer as he vows to keep Social Security and Medicare in place and as he stacks his administration with the epitome of crony-capitalist bankers from Goldman Sachs?
Well, Hug, how about some data. br Metaphors aboun... (show quote)

Common sense, poor folks can't hire poor folks, rich folks hire poor folks. Simple

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Jul 10, 2019 20:17:52   #
truthiness
 
Hug wrote:
Common sense, poor folks can't hire poor folks, rich folks hire poor folks. Simple


Sounds logical. Repulics and democracies in the dust bin of history say there is more to it than just a simplistic economic one liner.

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Jul 10, 2019 20:58:43   #
Hug
 
truthiness wrote:
Sounds logical. Repulics and democracies in the dust bin of history say there is more to it than just a simplistic economic one liner.


No civilization in history out lived its wellfair system. The rich have to feed the poor, so if the rich have their wealth taken from them, the poor don't get fed. The poor get richer when the rich are expanding and hiring more poor.

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Jul 10, 2019 21:05:34   #
Trooper745 Loc: Carolina
 
PeterS wrote:
Yup...


I was hoping that no one would reply to your silly leftist BS. Although the rich have gotten richer, even the poorest have also gotten richer (a rising tide lifts all ships). Of course, you and the other leftist dingbats have an understanding of economics equal to that of the village wino's.

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Jul 11, 2019 04:24:01   #
PeterS
 
Hug wrote:
No civilization in history out lived its wellfair system. The rich have to feed the poor, so if the rich have their wealth taken from them, the poor don't get fed. The poor get richer when the rich are expanding and hiring more poor.

If the rich don't feed the poor than the poor will feed on the rich.

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Jul 11, 2019 09:12:07   #
okie don
 
PeterS wrote:
If the rich don't feed the poor than the poor will feed on the rich.


Very true.
With a knife or gun.

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Jul 11, 2019 09:48:10   #
Rose42
 
PeterS wrote:
If the rich don't feed the poor than the poor will feed on the rich.


Do you know what its like to be poor or do you merely shed crocodile tears for the poor?

Many of the poor will always resent those who have more and the democrats feed that resentment. Its all for votes not for anyone's betterment.

And those in control continue to manipulate and divide the populace with the left vs right arguments.

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Jul 11, 2019 11:16:47   #
permafrost Loc: Minnesota
 
Trooper745 wrote:
I was hoping that no one would reply to your silly leftist BS. Although the rich have gotten richer, even the poorest have also gotten richer (a rising tide lifts all ships). Of course, you and the other leftist dingbats have an understanding of economics equal to that of the village wino's.



Perhaps you can find the poor got richer somewhere?

If measured in number of dollars, perhaps ....

But if you go my the real numbers that matter, cost of living, inflation and wealth gap, you will never find that to be true..

No rich man or group of stock holder or business management ever gave anyone a job because of having a ton of money in their own pocket..

Only thing that creates a job is the undeniable need for another job due to demand..



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Jul 11, 2019 17:22:24   #
Mikeyavelli
 
The kommiecrat party

endorses Open Borders/Sanctuary Cities
- endorses allowing illegal aliens to vote.
- endorses BLM
- endorses Occupy Wall Street
- endorses MS-13
- endorses ANTIFA
- endorses outlawing Christianity
- endorses shoving their homosexual agenda down our throats.
- endorses CAIR
- endorses The Muslim Brotherhood
- endorses Sharia Law
-endorses rewriting history
-endorses destroying the constitution
- endorses Inverted virtue
- endorses Disarming you
- endorses Social chaos
- endorses killing Babies 
- endorses Genital confusion
- endorses Social/economic warfare
- endorses redistributing your wealth
- endorses raising your Taxes
- endorses Weaponizing government agencies
- endorses a Fascist/Socialist/Islamic World Government

That's the road to universal riches

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Jul 11, 2019 21:07:42   #
tactful Loc: , the bright side of the moon,fl
 
Mikeyavelli wrote:
The kommiecrat party

endorses Open Borders/Sanctuary Cities
- endorses allowing illegal aliens to vote.
- endorses BLM
- endorses Occupy Wall Street
- endorses MS-13
- endorses ANTIFA
- endorses outlawing Christianity
- endorses shoving their homosexual agenda down our throats.
- endorses CAIR
- endorses The Muslim Brotherhood
- endorses Sharia Law
-endorses rewriting history
-endorses destroying the constitution
- endorses Inverted virtue
- endorses Disarming you
- endorses Social chaos
- endorses killing Babies 
- endorses Genital confusion
- endorses Social/economic warfare
- endorses redistributing your wealth
- endorses raising your Taxes
- endorses Weaponizing government agencies
- endorses a Fascist/Socialist/Islamic World Government

That's the road to universal riches
The kommiecrat party br br endorses Open Borders... (show quote)

where did you find this endless summer stuff mikey? I live in the real world and don't see it,care to share experiences?

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