The Failure Of “Trickle Down”, and The Generation That Understands This

[Tehon]

Well, I assure you, I've read Das Kapital and Communist Manifesto. I know his ideas were implemented first by Stalin in Russia

Then you will be able to show exactly where Stalin's economic policies derived from Marx's literature?

 

[Tehon]

No, when I refer to Socialism, it means the ideology of Karl Marx and others, not some cobbled together bullshit you pulled outta your ass and tried to compare with the Constitution. Unlike you or most commie quislings, I've actually read Karl Marx and anything I espouse regarding Socialism isn't propaganda, it comes straight from the horse's mouth.

"Provide for the general welfare" IS a term... it's English as well. It's also part of a "social contract" known as The Constitution which is the law of the land and enforceable by law. It was written into the Constitution by a man named James Madison who also wrote Federalist #41 and explained what was meant by the term. There is a lengthy list of things it doesn't mean or imply, including the modern progressive definition.

Resorting to Marx is special pleading. Socialism must start with a social Contract. It is, social-ism.

To provide for the general welfare means, just that; it does not mean to provide for the general warfare nor the common offense.

I'm not "resorting" to Marx, merely explaining what is meant by "Socialism" in context. Again, any and all forms of government are social contracts. All governments are not Socialist. We seem to be going in circles and I don't have time for this game. "General welfare" means what Madison says it means. He wrote it so I'll go with his explanation over yours.

Dude; you have no context, Only special pleading. Socialism does not mean, Only one thing.

And socialism is derived from social-ism--relating to society or its organization.

Our social Contract and Constitution, Organizes our society into a republican form of Government.

By your definition, capitalism is socialism due to it being the way we organize our economy. That is just stupid.

That is your definition, not mine; you nailed it, pretty well.

Social=relating to society or its organization. Thus, social-ism, is about things, Social. A social Contract and Constitution is, Social, not Anti-Social.

Is the economy not a social structure?

 

[jc456]

.
It has become a regular habit for some media contributors to blame millennials for the death of many businesses and other profitable institutions. This blame focuses on millennials because they refuse to spend there limited incomes to benefit the billionaires and other corporate fat cats.

The American people have listened to conservatives tout the benefits of Reagan’s snake oil known as “Trickle Down” for the last four decades. Reliable numbers charting the success of Reagan’s snake oil have proven consistently, that during these years, the wealthiest top 0.1% (that’s one tenth of one percent) have flourished beyond all expectations.

Unfortunately, those same reliable numbers prove the bottom 90%, and especially the lowest half of American families haven’t fared well, at all.

But, in the years when Reagan first started selling his snake oil, in younger, baby boomer families, both spouses began working, so the negative impact of his trickle-down-snake-oil was slow to be noticed by the masses. The generation that fought in WWII and produced the baby-boomers were already established financially, so they too were also slow to notice as their buying power decreased.

The WWII generation did have one advantage (if you can call it that) over the baby boomers they bore. The WWII generation lived through the Great Depression. Their families were forced to learn to make do with less, appreciate the value of money, and live within their limited means.

This was not the case with the “boomers”. As conservative policies slowly began to strangle wages, destroy unions, and create an environment hostile to working people, easy credit became available to provide the money needed by the boomers to buy the trappings of middle class, which were rapidly becoming more and more expensive.

Living expenses, whether for necessities or luxuries, increased at a rate much more quickly than incomes. The bubble burst in the middle of 2008, the final year of Dubya’s tax-cuts-for-the-very-rich, and borrow-money-for-two-needless-wars administration.

During the initial months of the Great Republican Recession, countless baby boomers lost their jobs, homes, cars, life savings, retirement accounts, etc. The following years of slow economic recovery resulting from the congressional Republicans many efforts to make Obama a one-term-president, saw economic conditions so bad, many of these boomers would never recover.

All this financial tragedy had little effect on the wealthiest top 0.1%, but it was a lesson to the millennial generation. Like their grandparents during the Great Depression, they watched while their parents [boomers] struggled financially. Savings ran out, as did long-term unemployment benefits, and eventually, the income from part-time jobs was barely enough to keep food on the table and a roof over their heads.

This generation-wide experience forced most millennials to develop a financial mindset that is currently being blamed for the dying retail industry, the slowing restaurant business, the bind being felt by automakers, unimpressive sales of new homes, and the loss of many jobs.

But blaming all this on millennials is Bullsh!t.

Unlike the suckers who believe in Reagan’s snake oil, these young people refuse to spend their meager incomes on the billionaires' over-priced crap. The same over-priced crap their boomer parents went deeply into debt to own, so as to live the middle class lifestyle, which was beyond the financial means of most.

No, the blame for the economic catastrophe of Reagan’s snake oil falls squarely on the suckers in the baby boomer generation. For four decades, they happily handed the vast majority of the wealth to the top 0.1%, in the mistaken belief the billionaires’ massive profits from ever-rising prices, substantial Republican tax cuts, the outsourcing these tax cuts helped finance, and the stagnant wages enjoyed by low and middle income families would finally be trickled down upon them.

That ain’t happened yet, and millennials know it never will. They understand they must live for the moment, and the few enjoyable experiences they are able to afford. Fu*k the businesses that are dying. The millennials are not to blame for the CEO baby boomers who were too stupid to understand Reagan’s snake oil would eventually cause their worlds to come crashing down around them.

Millennials can read the handwriting on the wall. They know Reagan’s “Trickle Down” snake oil is a scam to keep wealth moving upward, and always has been. They can also understand that, until the stupid, conservative baby boomers die out, there is little they can do to help themselves. The stupid members of the boomer generation still have too much power. “Trickle Down” will continue, for now.

'Psychologically scarred' millennials are killing dozens of industries — and it's their parents' fault

_______________________________________________________________________________________



View attachment 131176


.

The only trickle down is what's running down your leg

 

[jc456]

I started my career within 2 weeks of Reagan taking office. I came from a lower middle class family with no money and lots of debt. Mortgage interest rates were 18% car loans were over 20% thanks to Carternomics. 8 years later I was kicking ass and taking names thanks to the turnaround Reagan brought about. Call it whatever you want, Reaganomics worked for anyone willing to work.

Well that's just great! Hey everyone Mike says he did fine so everyone did great!

You question what exactly?

 

[jc456]

The Kennedy family is a shadow of what it was.

But the Gates family and the Walton family and the Lauder family and the Duncan family and the Cox family and the Pritzker family and the Koch family and the Jobs family and the Wozniak family are all doing fabulously better than they were 50 years ago.

Need I continue?

Need I?

God bless America and capitalism.

And the kennedies and the Rockefellers and every left Hollywood hack and soros and every democrat political hack and on and on and on and on and........bill gates mark zuckerberg Michael Jordan

 

[Avatar4321]

Anyone who believes "trickle down" (aka: Reaganomics) was a failure, doesn't understand "trickle down" and doesn't comprehend that ALL free market economies trickle down... that's how free markets work.

What you are basically saying is, free market capitalism is a failure. This is because you've been brainwashed by Socialist propaganda. If you want to see what happens when people abandon free market capitalism and adopt Socialism, take a look at Venezuela.

The stupidity is predicated on some rather bizarre statistical cherry-picking.... the top 0.1% are doing markedly better than anyone else.... well guess what? This is true regardless of what you're talking about. The top 0.1% of swimmers are the best swimmers in the world, they do better at swimming than everyone else. The top 0.1% monkey trainers can train monkeys better than anyone else in the world. So is it not surprising the top 0.1% of wealthy people are very good at ascertaining wealth.

The same can be said for the idiotic arguments about wealth acquisition at the top. There isn't a universe of reality where wealthy people lag behind poor people in gaining wealth. Otherwise, the wealthy would be poor and the poor wealthy.

Wealth disparity happens as the result of free enterprise in a free market with people who enjoy the freedom to prosper. This is turned into a "problem" by the Socialist when it's actually a symptom of free market economics. Do you know where you'll find wealth equality? North Korea. Aside from the dictator and his family, everyone in the country is equally poor and this is what happens in a Socialist system when your freedoms are removed.

But they like the n Korea model because they think they will be the top dogs in it. If they realized they were going to be the guys laying in a gutter with a bullet in the back of their head they might think twice

 

[ClosedCaption]

I started my career within 2 weeks of Reagan taking office. I came from a lower middle class family with no money and lots of debt. Mortgage interest rates were 18% car loans were over 20% thanks to Carternomics. 8 years later I was kicking ass and taking names thanks to the turnaround Reagan brought about. Call it whatever you want, Reaganomics worked for anyone willing to work.

Well that's just great! Hey everyone Mike says he did fine so everyone did great!

You question what exactly?

How one person saying they did great mean's anything on a larger scale.

 

[Remodeling Maidiac]

.
It has become a regular habit for some media contributors to blame millennials for the death of many businesses and other profitable institutions. This blame focuses on millennials because they refuse to spend there limited incomes to benefit the billionaires and other corporate fat cats.

The American people have listened to conservatives tout the benefits of Reagan’s snake oil known as “Trickle Down” for the last four decades. Reliable numbers charting the success of Reagan’s snake oil have proven consistently, that during these years, the wealthiest top 0.1% (that’s one tenth of one percent) have flourished beyond all expectations.

Unfortunately, those same reliable numbers prove the bottom 90%, and especially the lowest half of American families haven’t fared well, at all.

But, in the years when Reagan first started selling his snake oil, in younger, baby boomer families, both spouses began working, so the negative impact of his trickle-down-snake-oil was slow to be noticed by the masses. The generation that fought in WWII and produced the baby-boomers were already established financially, so they too were also slow to notice as their buying power decreased.

The WWII generation did have one advantage (if you can call it that) over the baby boomers they bore. The WWII generation lived through the Great Depression. Their families were forced to learn to make do with less, appreciate the value of money, and live within their limited means.

This was not the case with the “boomers”. As conservative policies slowly began to strangle wages, destroy unions, and create an environment hostile to working people, easy credit became available to provide the money needed by the boomers to buy the trappings of middle class, which were rapidly becoming more and more expensive.

Living expenses, whether for necessities or luxuries, increased at a rate much more quickly than incomes. The bubble burst in the middle of 2008, the final year of Dubya’s tax-cuts-for-the-very-rich, and borrow-money-for-two-needless-wars administration.

During the initial months of the Great Republican Recession, countless baby boomers lost their jobs, homes, cars, life savings, retirement accounts, etc. The following years of slow economic recovery resulting from the congressional Republicans many efforts to make Obama a one-term-president, saw economic conditions so bad, many of these boomers would never recover.

All this financial tragedy had little effect on the wealthiest top 0.1%, but it was a lesson to the millennial generation. Like their grandparents during the Great Depression, they watched while their parents [boomers] struggled financially. Savings ran out, as did long-term unemployment benefits, and eventually, the income from part-time jobs was barely enough to keep food on the table and a roof over their heads.

This generation-wide experience forced most millennials to develop a financial mindset that is currently being blamed for the dying retail industry, the slowing restaurant business, the bind being felt by automakers, unimpressive sales of new homes, and the loss of many jobs.

But blaming all this on millennials is Bullsh!t.

Unlike the suckers who believe in Reagan’s snake oil, these young people refuse to spend their meager incomes on the billionaires' over-priced crap. The same over-priced crap their boomer parents went deeply into debt to own, so as to live the middle class lifestyle, which was beyond the financial means of most.

No, the blame for the economic catastrophe of Reagan’s snake oil falls squarely on the suckers in the baby boomer generation. For four decades, they happily handed the vast majority of the wealth to the top 0.1%, in the mistaken belief the billionaires’ massive profits from ever-rising prices, substantial Republican tax cuts, the outsourcing these tax cuts helped finance, and the stagnant wages enjoyed by low and middle income families would finally be trickled down upon them.

That ain’t happened yet, and millennials know it never will. They understand they must live for the moment, and the few enjoyable experiences they are able to afford. Fu*k the businesses that are dying. The millennials are not to blame for the CEO baby boomers who were too stupid to understand Reagan’s snake oil would eventually cause their worlds to come crashing down around them.

Millennials can read the handwriting on the wall. They know Reagan’s “Trickle Down” snake oil is a scam to keep wealth moving upward, and always has been. They can also understand that, until the stupid, conservative baby boomers die out, there is little they can do to help themselves. The stupid members of the boomer generation still have too much power. “Trickle Down” will continue, for now.

'Psychologically scarred' millennials are killing dozens of industries — and it's their parents' fault

_______________________________________________________________________________________



View attachment 131176


.

You're an idiot. You're talking about a generation that just entered the workforce. And they entered it during a crash.

You really are too fucking stupid

 

[danielpalos]

Resorting to Marx is special pleading. Socialism must start with a social Contract. It is, social-ism.

To provide for the general welfare means, just that; it does not mean to provide for the general warfare nor the common offense.

I'm not "resorting" to Marx, merely explaining what is meant by "Socialism" in context. Again, any and all forms of government are social contracts. All governments are not Socialist. We seem to be going in circles and I don't have time for this game. "General welfare" means what Madison says it means. He wrote it so I'll go with his explanation over yours.

Dude; you have no context, Only special pleading. Socialism does not mean, Only one thing.

And socialism is derived from social-ism--relating to society or its organization.

Our social Contract and Constitution, Organizes our society into a republican form of Government.

By your definition, capitalism is socialism due to it being the way we organize our economy. That is just stupid.

That is your definition, not mine; you nailed it, pretty well.

Social=relating to society or its organization. Thus, social-ism, is about things, Social. A social Contract and Constitution is, Social, not Anti-Social.

Is the economy not a social structure?

We have a mixed-market economy; it must have some social structure, since we are not an AnCap.

 

[Tehon]

I'm not "resorting" to Marx, merely explaining what is meant by "Socialism" in context. Again, any and all forms of government are social contracts. All governments are not Socialist. We seem to be going in circles and I don't have time for this game. "General welfare" means what Madison says it means. He wrote it so I'll go with his explanation over yours.

Dude; you have no context, Only special pleading. Socialism does not mean, Only one thing.

And socialism is derived from social-ism--relating to society or its organization.

Our social Contract and Constitution, Organizes our society into a republican form of Government.

By your definition, capitalism is socialism due to it being the way we organize our economy. That is just stupid.

That is your definition, not mine; you nailed it, pretty well.

Social=relating to society or its organization. Thus, social-ism, is about things, Social. A social Contract and Constitution is, Social, not Anti-Social.

Is the economy not a social structure?

We have a mixed-market economy; it must have some social structure, since we are not an AnCap.

What I mean is that the economy is how society organizes the distribution of goods and services. Thus by your definition of socialism as being anything relating to society or its organization, we necessarily have a Socialist economy. As would all economies of the world. That is just stupid.

Clearly the term has a definite meaning and is used to differentiate an alternative to a capitalist economy. It is unrelated to any idea of a social Contract which is used to justify the subordination of the populace to the rule of government.

 

[danielpalos]

Dude; you have no context, Only special pleading. Socialism does not mean, Only one thing.

And socialism is derived from social-ism--relating to society or its organization.

Our social Contract and Constitution, Organizes our society into a republican form of Government.

By your definition, capitalism is socialism due to it being the way we organize our economy. That is just stupid.

That is your definition, not mine; you nailed it, pretty well.

Social=relating to society or its organization. Thus, social-ism, is about things, Social. A social Contract and Constitution is, Social, not Anti-Social.

Is the economy not a social structure?

We have a mixed-market economy; it must have some social structure, since we are not an AnCap.

What I mean is that the economy is how society organizes the distribution of goods and services. Thus by your definition of socialism as being anything relating to society or its organization, we necessarily have a Socialist economy. As would all economies of the world. That is just stupid.

Clearly the term has a definite meaning and is used to differentiate an alternative to a capitalist economy. It is unrelated to any idea of a social Contract which is used to justify the subordination of the populace to the rule of government.

Government is Social-ism. Our Constitution, defines our republican form of government and that form of social-ism.

 

[2aguy]

.
It has become a regular habit for some media contributors to blame millennials for the death of many businesses and other profitable institutions. This blame focuses on millennials because they refuse to spend there limited incomes to benefit the billionaires and other corporate fat cats.

The American people have listened to conservatives tout the benefits of Reagan’s snake oil known as “Trickle Down” for the last four decades. Reliable numbers charting the success of Reagan’s snake oil have proven consistently, that during these years, the wealthiest top 0.1% (that’s one tenth of one percent) have flourished beyond all expectations.

Unfortunately, those same reliable numbers prove the bottom 90%, and especially the lowest half of American families haven’t fared well, at all.

But, in the years when Reagan first started selling his snake oil, in younger, baby boomer families, both spouses began working, so the negative impact of his trickle-down-snake-oil was slow to be noticed by the masses. The generation that fought in WWII and produced the baby-boomers were already established financially, so they too were also slow to notice as their buying power decreased.

The WWII generation did have one advantage (if you can call it that) over the baby boomers they bore. The WWII generation lived through the Great Depression. Their families were forced to learn to make do with less, appreciate the value of money, and live within their limited means.

This was not the case with the “boomers”. As conservative policies slowly began to strangle wages, destroy unions, and create an environment hostile to working people, easy credit became available to provide the money needed by the boomers to buy the trappings of middle class, which were rapidly becoming more and more expensive.

Living expenses, whether for necessities or luxuries, increased at a rate much more quickly than incomes. The bubble burst in the middle of 2008, the final year of Dubya’s tax-cuts-for-the-very-rich, and borrow-money-for-two-needless-wars administration.

During the initial months of the Great Republican Recession, countless baby boomers lost their jobs, homes, cars, life savings, retirement accounts, etc. The following years of slow economic recovery resulting from the congressional Republicans many efforts to make Obama a one-term-president, saw economic conditions so bad, many of these boomers would never recover.

All this financial tragedy had little effect on the wealthiest top 0.1%, but it was a lesson to the millennial generation. Like their grandparents during the Great Depression, they watched while their parents [boomers] struggled financially. Savings ran out, as did long-term unemployment benefits, and eventually, the income from part-time jobs was barely enough to keep food on the table and a roof over their heads.

This generation-wide experience forced most millennials to develop a financial mindset that is currently being blamed for the dying retail industry, the slowing restaurant business, the bind being felt by automakers, unimpressive sales of new homes, and the loss of many jobs.

But blaming all this on millennials is Bullsh!t.

Unlike the suckers who believe in Reagan’s snake oil, these young people refuse to spend their meager incomes on the billionaires' over-priced crap. The same over-priced crap their boomer parents went deeply into debt to own, so as to live the middle class lifestyle, which was beyond the financial means of most.

No, the blame for the economic catastrophe of Reagan’s snake oil falls squarely on the suckers in the baby boomer generation. For four decades, they happily handed the vast majority of the wealth to the top 0.1%, in the mistaken belief the billionaires’ massive profits from ever-rising prices, substantial Republican tax cuts, the outsourcing these tax cuts helped finance, and the stagnant wages enjoyed by low and middle income families would finally be trickled down upon them.

That ain’t happened yet, and millennials know it never will. They understand they must live for the moment, and the few enjoyable experiences they are able to afford. Fu*k the businesses that are dying. The millennials are not to blame for the CEO baby boomers who were too stupid to understand Reagan’s snake oil would eventually cause their worlds to come crashing down around them.

Millennials can read the handwriting on the wall. They know Reagan’s “Trickle Down” snake oil is a scam to keep wealth moving upward, and always has been. They can also understand that, until the stupid, conservative baby boomers die out, there is little they can do to help themselves. The stupid members of the boomer generation still have too much power. “Trickle Down” will continue, for now.

'Psychologically scarred' millennials are killing dozens of industries — and it's their parents' fault

_______________________________________________________________________________________



View attachment 131176


.

The Reagan tax cuts doubled the tax revenue the federal government received...the democrats then spent more than double and used it all up.........and the Reagan tax cuts led to the longest growth in the economy that we have seen in modern times...it took george h.w. and bill clinton to raise taxes that killed the economic growth created by Reagan.

 

[danielpalos]

.
It has become a regular habit for some media contributors to blame millennials for the death of many businesses and other profitable institutions. This blame focuses on millennials because they refuse to spend there limited incomes to benefit the billionaires and other corporate fat cats.

The American people have listened to conservatives tout the benefits of Reagan’s snake oil known as “Trickle Down” for the last four decades. Reliable numbers charting the success of Reagan’s snake oil have proven consistently, that during these years, the wealthiest top 0.1% (that’s one tenth of one percent) have flourished beyond all expectations.

Unfortunately, those same reliable numbers prove the bottom 90%, and especially the lowest half of American families haven’t fared well, at all.

But, in the years when Reagan first started selling his snake oil, in younger, baby boomer families, both spouses began working, so the negative impact of his trickle-down-snake-oil was slow to be noticed by the masses. The generation that fought in WWII and produced the baby-boomers were already established financially, so they too were also slow to notice as their buying power decreased.

The WWII generation did have one advantage (if you can call it that) over the baby boomers they bore. The WWII generation lived through the Great Depression. Their families were forced to learn to make do with less, appreciate the value of money, and live within their limited means.

This was not the case with the “boomers”. As conservative policies slowly began to strangle wages, destroy unions, and create an environment hostile to working people, easy credit became available to provide the money needed by the boomers to buy the trappings of middle class, which were rapidly becoming more and more expensive.

Living expenses, whether for necessities or luxuries, increased at a rate much more quickly than incomes. The bubble burst in the middle of 2008, the final year of Dubya’s tax-cuts-for-the-very-rich, and borrow-money-for-two-needless-wars administration.

During the initial months of the Great Republican Recession, countless baby boomers lost their jobs, homes, cars, life savings, retirement accounts, etc. The following years of slow economic recovery resulting from the congressional Republicans many efforts to make Obama a one-term-president, saw economic conditions so bad, many of these boomers would never recover.

All this financial tragedy had little effect on the wealthiest top 0.1%, but it was a lesson to the millennial generation. Like their grandparents during the Great Depression, they watched while their parents [boomers] struggled financially. Savings ran out, as did long-term unemployment benefits, and eventually, the income from part-time jobs was barely enough to keep food on the table and a roof over their heads.

This generation-wide experience forced most millennials to develop a financial mindset that is currently being blamed for the dying retail industry, the slowing restaurant business, the bind being felt by automakers, unimpressive sales of new homes, and the loss of many jobs.

But blaming all this on millennials is Bullsh!t.

Unlike the suckers who believe in Reagan’s snake oil, these young people refuse to spend their meager incomes on the billionaires' over-priced crap. The same over-priced crap their boomer parents went deeply into debt to own, so as to live the middle class lifestyle, which was beyond the financial means of most.

No, the blame for the economic catastrophe of Reagan’s snake oil falls squarely on the suckers in the baby boomer generation. For four decades, they happily handed the vast majority of the wealth to the top 0.1%, in the mistaken belief the billionaires’ massive profits from ever-rising prices, substantial Republican tax cuts, the outsourcing these tax cuts helped finance, and the stagnant wages enjoyed by low and middle income families would finally be trickled down upon them.

That ain’t happened yet, and millennials know it never will. They understand they must live for the moment, and the few enjoyable experiences they are able to afford. Fu*k the businesses that are dying. The millennials are not to blame for the CEO baby boomers who were too stupid to understand Reagan’s snake oil would eventually cause their worlds to come crashing down around them.

Millennials can read the handwriting on the wall. They know Reagan’s “Trickle Down” snake oil is a scam to keep wealth moving upward, and always has been. They can also understand that, until the stupid, conservative baby boomers die out, there is little they can do to help themselves. The stupid members of the boomer generation still have too much power. “Trickle Down” will continue, for now.

'Psychologically scarred' millennials are killing dozens of industries — and it's their parents' fault

_______________________________________________________________________________________



View attachment 131176


.

The Reagan tax cuts doubled the tax revenue the federal government received...the democrats then spent more than double and used it all up.........and the Reagan tax cuts led to the longest growth in the economy that we have seen in modern times...it took george h.w. and bill clinton to raise taxes that killed the economic growth created by Reagan.

Nice story; how was our debt, before Reagan?

 

[Boss]

Well, I assure you, I've read Das Kapital and Communist Manifesto. I know his ideas were implemented first by Stalin in Russia

Then you will be able to show exactly where Stalin's economic policies derived from Marx's literature?

*sigh* Who has time to prove Stalin was a Marxist? If want to stymie the debate on nonsense just say so.

There is this remarkable trait Socialism has developed through it's infamous history of failure. It constantly gets repackaged under a new name... the "new and improved" version. It is explained that previous Socialist ventures failed because of corruption or lack of foresight, maybe even fate to some degree. But this new version is the bee's knees.

So we have Stalinism, Leninism, Maoism, Trotskyism, Democratic Socialism. It's all ultimately the same thing.

 

[Tehon]

So we have Stalinism, Leninism, Maoism, Trotskyism, Democratic Socialism. It's all ultimately the same thing.

They're not the same as Marxism. If they were you would be able to use the knowledge you gained from reading Marx and show exactly how they are. The question I posed has left you stymied, which indicates you haven't a clue. But that won't cause you pause, just continue to believe regardless if you understand it or not. Just like everyone else.

 

[thereisnospoon]

.
It has become a regular habit for some media contributors to blame millennials for the death of many businesses and other profitable institutions. This blame focuses on millennials because they refuse to spend there limited incomes to benefit the billionaires and other corporate fat cats.

The American people have listened to conservatives tout the benefits of Reagan’s snake oil known as “Trickle Down” for the last four decades. Reliable numbers charting the success of Reagan’s snake oil have proven consistently, that during these years, the wealthiest top 0.1% (that’s one tenth of one percent) have flourished beyond all expectations.

Unfortunately, those same reliable numbers prove the bottom 90%, and especially the lowest half of American families haven’t fared well, at all.

But, in the years when Reagan first started selling his snake oil, in younger, baby boomer families, both spouses began working, so the negative impact of his trickle-down-snake-oil was slow to be noticed by the masses. The generation that fought in WWII and produced the baby-boomers were already established financially, so they too were also slow to notice as their buying power decreased.

The WWII generation did have one advantage (if you can call it that) over the baby boomers they bore. The WWII generation lived through the Great Depression. Their families were forced to learn to make do with less, appreciate the value of money, and live within their limited means.

This was not the case with the “boomers”. As conservative policies slowly began to strangle wages, destroy unions, and create an environment hostile to working people, easy credit became available to provide the money needed by the boomers to buy the trappings of middle class, which were rapidly becoming more and more expensive.

Living expenses, whether for necessities or luxuries, increased at a rate much more quickly than incomes. The bubble burst in the middle of 2008, the final year of Dubya’s tax-cuts-for-the-very-rich, and borrow-money-for-two-needless-wars administration.

During the initial months of the Great Republican Recession, countless baby boomers lost their jobs, homes, cars, life savings, retirement accounts, etc. The following years of slow economic recovery resulting from the congressional Republicans many efforts to make Obama a one-term-president, saw economic conditions so bad, many of these boomers would never recover.

All this financial tragedy had little effect on the wealthiest top 0.1%, but it was a lesson to the millennial generation. Like their grandparents during the Great Depression, they watched while their parents [boomers] struggled financially. Savings ran out, as did long-term unemployment benefits, and eventually, the income from part-time jobs was barely enough to keep food on the table and a roof over their heads.

This generation-wide experience forced most millennials to develop a financial mindset that is currently being blamed for the dying retail industry, the slowing restaurant business, the bind being felt by automakers, unimpressive sales of new homes, and the loss of many jobs.

But blaming all this on millennials is Bullsh!t.

Unlike the suckers who believe in Reagan’s snake oil, these young people refuse to spend their meager incomes on the billionaires' over-priced crap. The same over-priced crap their boomer parents went deeply into debt to own, so as to live the middle class lifestyle, which was beyond the financial means of most.

No, the blame for the economic catastrophe of Reagan’s snake oil falls squarely on the suckers in the baby boomer generation. For four decades, they happily handed the vast majority of the wealth to the top 0.1%, in the mistaken belief the billionaires’ massive profits from ever-rising prices, substantial Republican tax cuts, the outsourcing these tax cuts helped finance, and the stagnant wages enjoyed by low and middle income families would finally be trickled down upon them.

That ain’t happened yet, and millennials know it never will. They understand they must live for the moment, and the few enjoyable experiences they are able to afford. Fu*k the businesses that are dying. The millennials are not to blame for the CEO baby boomers who were too stupid to understand Reagan’s snake oil would eventually cause their worlds to come crashing down around them.

Millennials can read the handwriting on the wall. They know Reagan’s “Trickle Down” snake oil is a scam to keep wealth moving upward, and always has been. They can also understand that, until the stupid, conservative baby boomers die out, there is little they can do to help themselves. The stupid members of the boomer generation still have too much power. “Trickle Down” will continue, for now.

'Psychologically scarred' millennials are killing dozens of industries — and it's their parents' fault

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Hey genius...From the day the first trade of goods was completed berween the Pilgrims, we had a trickle down economy...
Equality of outcome, a liberal panacea, is impossible. .It is impossible because we are all different in our own unique ways.
Some of us have more talent than others. Some are more intelligent. Some are just better at doing certain things than others.
It is what it is....Deal with it

 

[thereisnospoon]

I started my career within 2 weeks of Reagan taking office. I came from a lower middle class family with no money and lots of debt. Mortgage interest rates were 18% car loans were over 20% thanks to Carternomics. 8 years later I was kicking ass and taking names thanks to the turnaround Reagan brought about. Call it whatever you want, Reaganomics worked for anyone willing to work.

IMy brother, sister and I are not college grads. We grew up middle class. blue collar.
all three of us are self employed. All three of us make decent livings where we don't have to live hand to mouth.
All because of the work ethic instilled in us by our parents. Who BTW, are married over 60 years.

 

[thereisnospoon]

Anyone who believes "trickle down" (aka: Reaganomics) was a failure, doesn't understand "trickle down" and doesn't comprehend that ALL free market economies trickle down... that's how free markets work.

What you are basically saying is, free market capitalism is a failure. This is because you've been brainwashed by Socialist propaganda. If you want to see what happens when people abandon free market capitalism and adopt Socialism, take a look at Venezuela.

The stupidity is predicated on some rather bizarre statistical cherry-picking.... the top 0.1% are doing markedly better than anyone else.... well guess what? This is true regardless of what you're talking about. The top 0.1% of swimmers are the best swimmers in the world, they do better at swimming than everyone else. The top 0.1% monkey trainers can train monkeys better than anyone else in the world. So is it not surprising the top 0.1% of wealthy people are very good at ascertaining wealth.

The same can be said for the idiotic arguments about wealth acquisition at the top. There isn't a universe of reality where wealthy people lag behind poor people in gaining wealth. Otherwise, the wealthy would be poor and the poor wealthy.

Wealth disparity happens as the result of free enterprise in a free market with people who enjoy the freedom to prosper. This is turned into a "problem" by the Socialist when it's actually a symptom of free market economics. Do you know where you'll find wealth equality? North Korea. Aside from the dictator and his family, everyone in the country is equally poor and this is what happens in a Socialist system when your freedoms are removed.

The terrible LIE the libs believe is that trickle down economics was invented by Reagan....It wasn't.. Trickle down started the day the Pilgrims stepped over Plymouth Rock

 

[thereisnospoon]

.
It has become a regular habit for some media contributors to blame millennials for the death of many businesses and other profitable institutions. This blame focuses on millennials because they refuse to spend there limited incomes to benefit the billionaires and other corporate fat cats.

The American people have listened to conservatives tout the benefits of Reagan’s snake oil known as “Trickle Down” for the last four decades. Reliable numbers charting the success of Reagan’s snake oil have proven consistently, that during these years, the wealthiest top 0.1% (that’s one tenth of one percent) have flourished beyond all expectations.

Unfortunately, those same reliable numbers prove the bottom 90%, and especially the lowest half of American families haven’t fared well, at all.

But, in the years when Reagan first started selling his snake oil, in younger, baby boomer families, both spouses began working, so the negative impact of his trickle-down-snake-oil was slow to be noticed by the masses. The generation that fought in WWII and produced the baby-boomers were already established financially, so they too were also slow to notice as their buying power decreased.

The WWII generation did have one advantage (if you can call it that) over the baby boomers they bore. The WWII generation lived through the Great Depression. Their families were forced to learn to make do with less, appreciate the value of money, and live within their limited means.

This was not the case with the “boomers”. As conservative policies slowly began to strangle wages, destroy unions, and create an environment hostile to working people, easy credit became available to provide the money needed by the boomers to buy the trappings of middle class, which were rapidly becoming more and more expensive.

Living expenses, whether for necessities or luxuries, increased at a rate much more quickly than incomes. The bubble burst in the middle of 2008, the final year of Dubya’s tax-cuts-for-the-very-rich, and borrow-money-for-two-needless-wars administration.

During the initial months of the Great Republican Recession, countless baby boomers lost their jobs, homes, cars, life savings, retirement accounts, etc. The following years of slow economic recovery resulting from the congressional Republicans many efforts to make Obama a one-term-president, saw economic conditions so bad, many of these boomers would never recover.

All this financial tragedy had little effect on the wealthiest top 0.1%, but it was a lesson to the millennial generation. Like their grandparents during the Great Depression, they watched while their parents [boomers] struggled financially. Savings ran out, as did long-term unemployment benefits, and eventually, the income from part-time jobs was barely enough to keep food on the table and a roof over their heads.

This generation-wide experience forced most millennials to develop a financial mindset that is currently being blamed for the dying retail industry, the slowing restaurant business, the bind being felt by automakers, unimpressive sales of new homes, and the loss of many jobs.

But blaming all this on millennials is Bullsh!t.

Unlike the suckers who believe in Reagan’s snake oil, these young people refuse to spend their meager incomes on the billionaires' over-priced crap. The same over-priced crap their boomer parents went deeply into debt to own, so as to live the middle class lifestyle, which was beyond the financial means of most.

No, the blame for the economic catastrophe of Reagan’s snake oil falls squarely on the suckers in the baby boomer generation. For four decades, they happily handed the vast majority of the wealth to the top 0.1%, in the mistaken belief the billionaires’ massive profits from ever-rising prices, substantial Republican tax cuts, the outsourcing these tax cuts helped finance, and the stagnant wages enjoyed by low and middle income families would finally be trickled down upon them.

That ain’t happened yet, and millennials know it never will. They understand they must live for the moment, and the few enjoyable experiences they are able to afford. Fu*k the businesses that are dying. The millennials are not to blame for the CEO baby boomers who were too stupid to understand Reagan’s snake oil would eventually cause their worlds to come crashing down around them.

Millennials can read the handwriting on the wall. They know Reagan’s “Trickle Down” snake oil is a scam to keep wealth moving upward, and always has been. They can also understand that, until the stupid, conservative baby boomers die out, there is little they can do to help themselves. The stupid members of the boomer generation still have too much power. “Trickle Down” will continue, for now.

'Psychologically scarred' millennials are killing dozens of industries — and it's their parents' fault

_______________________________________________________________________________________



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Excellent post and spot on. The image at the end shows it in pictures. And all the Trump Voter getting pissed on has to say is "yeah but it's billionaire piss".

The millennials also understand Global Warming is something THEY will have to deal with. They are much more savvy regarding green energy, saving energy, spending less. Witness the growth of tiny houses and people choosing to live in cars or vans who have good jobs. They save their money more than the boomers as far as I know.

Drumi: The Foot Powered Washing Machine

Incredible spin

 

[thereisnospoon]

I started my career within 2 weeks of Reagan taking office. I came from a lower middle class family with no money and lots of debt. Mortgage interest rates were 18% car loans were over 20% thanks to Carternomics. 8 years later I was kicking ass and taking names thanks to the turnaround Reagan brought about. Call it whatever you want, Reaganomics worked for anyone willing to work.

Well that's just great! Hey everyone Mike says he did fine so everyone did great!

Oy vey.....pfffffft