Republican economic policy

Discussion in 'Clean Debate Zone' started by manifold, Aug 20, 2012.

  1. manifold
    Offline

    manifold Diamond Member

    Joined:
    Feb 19, 2008
    Messages:
    48,710
    Thanks Received:
    7,230
    Trophy Points:
    1,830
    Location:
    your dreams
    Ratings:
    +20,760
    Fact or fiction...

    Republican economic policy always prioritizes (favors) the wealthy over the poor and middle-class.

    Please discuss with real world examples, and keep it clean.
     
  2. OohPooPahDoo
    Offline

    OohPooPahDoo Gold Member

    Joined:
    May 11, 2011
    Messages:
    15,342
    Thanks Received:
    976
    Trophy Points:
    175
    Location:
    N'Awlins Mid-City
    Ratings:
    +1,320
    Fact.

    Example - Bush tax cuts.
     
    • Thank You! Thank You! x 1
  3. Wiseacre
    Offline

    Wiseacre Retired USAF Chief Supporting Member

    Joined:
    Apr 8, 2011
    Messages:
    6,025
    Thanks Received:
    1,192
    Trophy Points:
    48
    Location:
    San Antonio, TX
    Ratings:
    +1,194
    Republican economic policy favors everybody because it promotes more economic growth and more jobs. It enables more upward mobility and a more opportunistic environment where people have a better chance to improved their lot in life. Which leads to greater personal and societal stability for everybody.

    The Bush tax cuts mentioned above lead to increased well-being for everybody from 2003 until the recession hit. As did the Reagan tax cuts back in the early 80s. The republican economic policy's main objective is to foster and improve the business climate; if that is not done, the current economic mess cannot improve to any appreciable degree.
     
  4. manifold
    Offline

    manifold Diamond Member

    Joined:
    Feb 19, 2008
    Messages:
    48,710
    Thanks Received:
    7,230
    Trophy Points:
    1,830
    Location:
    your dreams
    Ratings:
    +20,760
    IIRC, the republicans were also willing to hold unemployment benefits for the poor and middle-class hostage to make sure these cuts were extended. Double whammy.
     
  5. manifold
    Offline

    manifold Diamond Member

    Joined:
    Feb 19, 2008
    Messages:
    48,710
    Thanks Received:
    7,230
    Trophy Points:
    1,830
    Location:
    your dreams
    Ratings:
    +20,760
    I've heard this theory, packaged and repackaged about a thousand times. It still boils down to: help the wealthy directly and that in turn will help everyone eventually. But from a factual perspective, it does not refute the statement in the OP, but actually agrees with it.
     
  6. M14 Shooter
    Online

    M14 Shooter The Light of Truth

    Joined:
    Sep 26, 2007
    Messages:
    20,108
    Thanks Received:
    1,747
    Trophy Points:
    215
    Ratings:
    +4,485
    So, the Obama's extension of the tax cuts for the rich must similarly prove that -His- economic policies -also- favor the wealthy over the poor and middle class.
     
    Last edited: Aug 20, 2012
  7. martybegan
    Online

    martybegan Gold Member

    Joined:
    Apr 5, 2010
    Messages:
    29,364
    Thanks Received:
    4,006
    Trophy Points:
    290
    Ratings:
    +10,976
    I would see it as boiling down to which pathway does the money take, and which one brings about the greater good. The progressive model is to take the money through the government and distrbute it to those on the lower end, either directly or indirectly. What this creates is a larger buracracy (they have to have someone run it) and in the cases of direct welfare or tax credits at the low end, zero productivity for the money spent.

    Now lets look at a supply side model. Say that you tax a person 200k less and they go out and buy a mercedes. Now the salesman makes money, the dealers owner makes money, the car manufacter and thier employees make money. Those people in turn now go out and spend money as well, the government gets a cut anyway via taxes at each level.

    The main difference is now the rich person has a mercedes, and to me, evny over that is a big part of why people want to "Tax the Rich"
     
  8. manifold
    Offline

    manifold Diamond Member

    Joined:
    Feb 19, 2008
    Messages:
    48,710
    Thanks Received:
    7,230
    Trophy Points:
    1,830
    Location:
    your dreams
    Ratings:
    +20,760
    The multiplier effect can work both ways, even if you paint it as the villain and one context and the savior in another. You're suggesting that an extra dollar in the pocket of a rich man is worth more to the economy than an extra dollar in the pocket of a poor man. But that theory has never been proven either way.
     
  9. eflatminor
    Offline

    eflatminor Classical Liberal

    Joined:
    May 24, 2011
    Messages:
    9,246
    Thanks Received:
    1,399
    Trophy Points:
    245
    Ratings:
    +2,053
    Did you ever get a job from a poor person?
     
  10. Truthmatters
    Offline

    Truthmatters BANNED

    Joined:
    May 10, 2007
    Messages:
    80,182
    Thanks Received:
    2,223
    Trophy Points:
    0
    Ratings:
    +2,233
    If it worked as advertised I wouldnt mind if it favored the wealthy.

    They always say it will create jobs if you do it.

    It never does what they claim.


    Yet they KEEP suggesting itwill work right after it fails for the tenth time in a row.
     

Share This Page

Search tags for this page

how has republican economic policy hurt the middle class