Has Trickle Down Economics Failed?

Discussion in 'Politics' started by Steelplate, Aug 16, 2011.

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Has Trickle Down Failed

  1. Yes

    25 vote(s)
    65.8%
  2. No

    13 vote(s)
    34.2%
  1. Steelplate
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    Steelplate Bluesman

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    As you all know, I firmly believe it did. I liken it to another ideology based on optimism... Communism.

    Trickle Down says "give the rich tax breaks and as they make more money, they will trickle it down to the working and Middle Class in the form of higher wages" basically making the idea of a Union to keep an employer honest as obsolete.

    Communism says to share wealth equally with all members of society.

    They are both flawed in the same way... they don't take into account one thing... Greed.

    Communists don't take into the account the greed that people in power can have... therefore, Most Communist Countries tend to be Governmental Dictatorships that dupe the general Public into thinking they are getting their fair share, but those in power are almost always skimming for themselves and giving the general population less than their fair share.

    Reaganomics does pretty much the same thing, except that it's not governmental greed that is the problem... it's Corporate, Trade and Banking Greed. Over the past 30 years(or post-Reagan), we've seen a downhill slide in the lives of the Average American. While we've seen Great money flowing into the upper echelon of our society... so in fact, they aren't trickling down like they did when Reagan first won the election on this simple, mostly sound idea.
     
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  2. Mr Clean
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    Mr Clean Gold Member

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    It hasn't completely failed yet, but it's on it's way.
     
  3. DontBeStupid
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    DontBeStupid Look it up!

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    I won't say it failed.

    I will say it has never been proven to work.
     
  4. Steelplate
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    Steelplate Bluesman

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    No... at the time, I believed in it. I voted for Reagan in his second term(my first election as an adult), and in the very beginning... when everyone was playing along... it did work.

    But as time went on, Big Money found out something... Trickling Down was optional... Once they figured that out... it's been a Corporatist wet dream ever since.
     
  5. CrusaderFrank
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    CrusaderFrank Diamond Member

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    Big Money, eh, Dim? And what will you do with the big, big money?
     
  6. midcan5
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    midcan5 liberal / progressive

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    OMG you are going to confuse the wingnuts completely! Their worship of the wealthy and corporations may finally be thrown into doubt and without their gawds they will be lost, unhinged, disconnected from the very ground they worship. It will be a sad sight. Have a heart, tell them it really works so they can sleep tonight.

    "Another great evil arising from this desire to be thought rich; or rather, from the desire not to be thought poor, is the destructive thing which has been honored by the name of "speculation"; but which ought to be called Gambling." William Cobbett

    "This disposition to admire, and almost to worship , the rich and powerful, and to despise, or, at least neglect persons of poor and mean conditions...is...the great and most universal cause of the corruption of our moral sentiments." Adam Smith
     
  7. Grampa Murked U
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    Grampa Murked U Diamond Member

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    One thing is for sure DIVIDE AND CONQUER is rolling right along.
     
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  8. Mr Clean
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    Mr Clean Gold Member

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    Yes it is!

    The question is however, who's doing the dividing?

    And why?
     
  9. Grampa Murked U
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    Grampa Murked U Diamond Member

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    A vast majority of congress with the president leading the way.
     
  10. Oddball
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    Oddball BANNED Supporting Member

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    No.

    Reagan's so-called "trickle down" economic model called for cuts in gubmint spending and shrinking the bureaucracy, along with vastly lower tax rates.

    You cannot call anything that hasn't even been tried a failure.

    However, we do have plenty of evidence to show that Barry Obolshevik's "trickled on" economic program is a massive failure.
     
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