"Trickle-Down" LIE Debunked (again)

hazlnut

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Sep 18, 2012
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Trickle-Down Economics and Broken Promises | Center for American Progress


For more than 30 years, conservative politicians have tried to sell Americans on the notion that giving tax cuts to the wealthy will spur economic growth and job creation, generating broad-based economic prosperity. Their marketing of this “trickle-down economics” has been successful: After decades of campaigning, many Americans now accept the oft-repeated assertion that lower taxes and less regulation leads to job growth. Congress followed suit, lowering tax rates sharply for the highest-income earners, while leaving tax rates relatively unchanged for other groups. When President Ronald Reagan took office in 1981, the marginal tax rate for the highest income bracket was 70 percent, but that fell to just 28 percent by the time he left office. Even after modest increases since then, the top marginal tax rate for top earners today hovers at just more than half of what it was in 1980 (see figure 1). At the same time, Congress and the courts have taken repeated steps to roll back labor and financial regulation, further contributing to the skyrocketing wealth of the top 1 percent.

Yet empirical economic data show that these misguided policies did not deliver on their promises, as our nation’s economy after the tax increases of 1993 significantly outperformed the periods after tax cuts in the 1980s and 2000s. Investment growth, productivity growth, employment growth, middle-class income growth, national fiscal health, and overall economic growth were weaker or declined under trickle-down policies.

Far from generating broad prosperity, these misguided policies have also led to an unprecedented level of income inequality in the United States. Conservatives have alternately denied a rise in inequality outright or insisted on its necessity for optimal growth. In 2012, for example, conservative columnist and political commentator Michael Tanner wrote that “inequality may not be growing at all.

Economist Diana Furchtgott-Roth goes even further in writing about the “myth of increasing income inequality,” concluding that “inequality has declined rather than increased.” But a preponderance of economic research—and the real-world experiences of millions of Americans who witness rising inequality firsthand—show this to be untrue. The Gini index, economists’ well-tested measure of inequality and one the U.S. Census Bureau officially calculated, shows that the United States has seen a steady rise in income inequality since 1980 (see figure 2).
 
RR saved the economy and ramped it up to levels not dreamed.

RR ruled, time to get over the fact that obama sucks cock and sucks at economics.

5 years of failure, should be more than enough of a fucking clue
 
Posts 2, 3 & 4 say nothing beyond being classic denials of reality as well as classic ad hominem attacks on the author of the OP.

Trickle Down is bullshit, bullshit repeated over and over for years, but still bullshit. How much money will trickle down from the trillion or so Corporate America invests in or leaves in banks overseas? How much will trickle down from the bank account held by Romney and other 1%ers in Cayman and Swiss Banks. How much when the very wealthy protect their assets by buying Gold Coins from other nations?

Reagan left the United States in debt. See:

[ame=http://www.youtube.com/watch?v=qDODQTtskrA]Ronald Reagan: Growing National Debt 1981-1988 - YouTube[/ame]
 
Posts 2, 3 & 4 say nothing beyond being classic denials of reality as well as classic ad hominem attacks on the author of the OP.

Trickle Down is bullshit, bullshit repeated over and over for years, but still bullshit. How much money will trickle down from the trillion or so Corporate America invests in or leaves in banks overseas? How much will trickle down from the bank account held by Romney and other 1%ers in Cayman and Swiss Banks. How much when the very wealthy protect their assets by buying Gold Coins from other nations?

Reagan left the United States in debt. See:

]

No, the reality is that:
1) There was no "trickle down" economics after Reagan, even after Reagan's first term
2) You cannot compare the 1990s to anything, given the unique nature of the internet revolution
3) Obama's deficits are bigger than Reagan's entire budget
4) Economic growth comes from business investment, not consumer spending.
5) Companies are sitting on money because the tax/regulatory environment of the Democrats is unconducive to investment.
6) You're still a cock-sucker.
 
Posts 2, 3 & 4 say nothing beyond being classic denials of reality as well as classic ad hominem attacks on the author of the OP.

Trickle Down is bullshit, bullshit repeated over and over for years, but still bullshit. How much money will trickle down from the trillion or so Corporate America invests in or leaves in banks overseas? How much will trickle down from the bank account held by Romney and other 1%ers in Cayman and Swiss Banks. How much when the very wealthy protect their assets by buying Gold Coins from other nations?

Reagan left the United States in debt. See:

Ronald Reagan: Growing National Debt 1981-1988 - YouTube

I'm sick of your shit. You can't even have a conversation any more.

This is a discussion board for crying out loud. Not a propaganda machine.
 
Yawn. More crap from crap Progressive sites catering to crap Prog-dupes who couldn't tell an LX diagram from their asshole.

OK feeling like the hockey chick that I am I feel like I'm coming into USMB now having to fight off all the lies from Raw Story or Daily Kos.

I'm a goalie.

This is crazy.
 
We ought to give them a total release from any kind of taxation whatsoever, that way we all get richer, problem solved.
 
abe2d9633553bd8f6625647385483375.jpg
 
?? for the OP.

Please go find us a link for the person who invented/initiated/fostered the term "trickle down economics"


Good luck!!!:bye1::eusa_dance::eusa_dance:

Are you really that fucking dumb? Apparently so...

Trickle-down economics

In recent history, the phrase is most closely identified with critics of the economic policies known as "Reaganomics". David Stockman, who as Reagan's budget director championed Reagan's tax cuts at first, but then became critical of them, told journalist William Greider that the "supply-side economics" is the trickle-down idea: "It's kind of hard to sell 'trickle down,' so the supply-side formula was the only way to get a tax policy that was really 'trickle down.' Supply-side is 'trickle-down' theory."[4][5] Political opponents of the Reagan administration soon seized on this language in an effort to brand the administration as caring only about the wealthy.[6]

Trickle-down economics - Wikipedia, the free encyclopedia
 
?? for the OP.

Please go find us a link for the person who invented/initiated/fostered the term "trickle down economics"


Good luck!!!:bye1::eusa_dance::eusa_dance:

Are you really that fucking dumb? Apparently so...

Trickle-down economics

In recent history, the phrase is most closely identified with critics of the economic policies known as "Reaganomics". David Stockman, who as Reagan's budget director championed Reagan's tax cuts at first, but then became critical of them, told journalist William Greider that the "supply-side economics" is the trickle-down idea: "It's kind of hard to sell 'trickle down,' so the supply-side formula was the only way to get a tax policy that was really 'trickle down.' Supply-side is 'trickle-down' theory."[4][5] Political opponents of the Reagan administration soon seized on this language in an effort to brand the administration as caring only about the wealthy.[6]

Trickle-down economics - Wikipedia, the free encyclopedia

You didn't produce the name of the person who coined the term.

No banana.

On the other hand, you did make it clear that the first people to use the term were the ones who were critical of Reagan's tax cuts - libs, in other words.
 
Bripat.........you know who invented the term "trickle down economics"??

The left!!!!:rofl::rofl::rofl::rofl:

Lakota is a nobody loser angry indian guy living in a teepee in the middle of Scratchmyassville, South Dakota!!!!:2up:
 
?? for the OP.

Please go find us a link for the person who invented/initiated/fostered the term "trickle down economics"


Good luck!!!:bye1::eusa_dance::eusa_dance:

Are you really that fucking dumb? Apparently so...

Trickle-down economics

In recent history, the phrase is most closely identified with critics of the economic policies known as "Reaganomics". David Stockman, who as Reagan's budget director championed Reagan's tax cuts at first, but then became critical of them, told journalist William Greider that the "supply-side economics" is the trickle-down idea: "It's kind of hard to sell 'trickle down,' so the supply-side formula was the only way to get a tax policy that was really 'trickle down.' Supply-side is 'trickle-down' theory."[4][5] Political opponents of the Reagan administration soon seized on this language in an effort to brand the administration as caring only about the wealthy.[6]

Trickle-down economics - Wikipedia, the free encyclopedia

You didn't produce the name of the person who coined the term.

No banana.

On the other hand, you did make it clear that the first people to use the term were the ones who were critical of Reagan's tax cuts - libs, in other words.

You poor dumbass, can't you read? Reagan's budget director, David Stockman, coined the phrase - otherwise known as Reaganomics.
 
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?? for the OP.

Please go find us a link for the person who invented/initiated/fostered the term "trickle down economics"


Good luck!!!:bye1::eusa_dance::eusa_dance:

Are you really that fucking dumb? Apparently so...

Trickle-down economics

In recent history, the phrase is most closely identified with critics of the economic policies known as "Reaganomics". David Stockman, who as Reagan's budget director championed Reagan's tax cuts at first, but then became critical of them, told journalist William Greider that the "supply-side economics" is the trickle-down idea: "It's kind of hard to sell 'trickle down,' so the supply-side formula was the only way to get a tax policy that was really 'trickle down.' Supply-side is 'trickle-down' theory."[4][5] Political opponents of the Reagan administration soon seized on this language in an effort to brand the administration as caring only about the wealthy.[6]

Trickle-down economics - Wikipedia, the free encyclopedia

You didn't produce the name of the person who coined the term.

No banana.

On the other hand, you did make it clear that the first people to use the term were the ones who were critical of Reagan's tax cuts - libs, in other words.

You poor dumbass, can't you read? Reagan's budget director, David Stockman, coined the phrase - otherwise known as Reaganomics.

He used the term. That doesn't mean he invented it, dumbass.
 

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