Why Trickle-Down just doesn't work, and the deficit is so huge...

Discussion in 'Politics' started by Vast LWC, Jul 24, 2012.

  1. Vast LWC
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    Vast LWC <-Mohammed

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    Seems that as soon as the rich get the money, they send it overseas.

    http://www.guardian.co.uk/business/2012/jul/21/offshore-wealth-global-economy-tax-havens

     
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    Last edited: Jul 24, 2012
  2. Soggy in NOLA
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    Soggy in NOLA Platinum Member

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    There is no such thing as "trickle down economics"... it' a pejorative created by the libs back in the eighties to denigrate Reagan.

    Nice try though.
     
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  3. Vast LWC
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    Vast LWC <-Mohammed

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    Just because you don't like the name, doesn't mean it's not accurate. And it certainly doesn't mean it "doesn't exist".

    I don't like the term "libs", I think it's pejorative. That doesn't mean that Liberals don't exist.

    Call it "Reaganomics", call it "supply-side economics", hell call it "Martian economics" for all I care, it doesn't work, and the article goes a long way to explaining why.
     
  4. Claudette
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    Claudette Gold Member

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    Spending is the reason we are in trouble.

    Until the Clowns in DC figure that out we will continue to be in trouble.

    Don't hold your breath.
     
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  5. Vast LWC
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    Vast LWC <-Mohammed

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    Oh, and also:


     
  6. Stephanie
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    Stephanie Diamond Member Supporting Member

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    ok then, lets try trickle up....we'll start with all those that don't pay Federal income taxes..I bet we all get rich quick
     
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  7. Vast LWC
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    Vast LWC <-Mohammed

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    Spending is a good part of the reason for the deficit, that is true.

    But apparently another part of the equation is tax evasion, on a very large scale.
     
  8. Stephanie
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    Stephanie Diamond Member Supporting Member

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    You could start with the Obama administration and your Congresscritters on tax evaders
    let us know how that works out
     
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  9. Vast LWC
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    Vast LWC <-Mohammed

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    We can agree there.

    All of those politicians are evading taxes in this manner, and it's certainly not more common to one party than the other.

    Unfortunately, the way they're doing it is probably not against the law. Mainly because they write the law.

    That needs to change.
     
  10. Vast LWC
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    Vast LWC <-Mohammed

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    There's already "trickle-up".

    It's called the credit card industry, AKA "usury".
     

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