Can A Republican Tell Me When Trickle Down Economics Worked?

[IM2]

Reagan started it. He set record deficits.

G.W. Bush tried it. He set new records for deficits.

Trump tried it again. He set new records for deficits.

Jobs have never been created due to tax cuts for the rich.

Lawrence, K., & Keleher, T. (2004). Chronic Disparity: Strong and Pervasive Evidence of Racial Inequalities. Retrieved 2020, from https://www.racialequitytools.org/resourcefiles/Definitions-of Racism.pdf

Linette Lopez, The White House is only telling you half of the sad story of what happened to American jobs, Business Insider, Jul 25, 2017, https://www.businessinsider.com/what-happened-to-american-jobs-in-the-80s-2017-

William Lazonick, The Financialization of the U.S. Corporation: What Has Been Lost, and How It Can Be Regained, 36 SEATTLE U. L. REV. 857 (2013). The Financialization of the U.S. Corporation: What Has Been Lost, and How It Can Be Regained (seattleu.edu) https://digitalcommons.law.seattleu...ion%2Bof%2Bthe%2Bu.s.%2Bcorporation%26btnG%3D

Government Spends More on Corporate Welfare Subsidies than Social Welfare Programs, Welfare Statistics: Government Spends More on Corporate Welfare Than.., original source, Time Magazine, Vol. 152 No. 19

Donald L. Barlett and James B. Steele, Corporate Welfare: Corporate Welfare, Time Magazine, Vol. 152 No. 19, Nov. 09, 1998, Corporate Welfare: Corporate Welfare

Stephen Slivinski, The Corporate Welfare State:How the Federal Government Subsidizes U.S. Businesses, Policy Analysis, No. 592, May 14, 2007, https://www.cato.org/sites/cato.org/files/pubs/pdf/pa592.pdf

Robert Reich, The Corporate Welfare During Covid-19 Pandemic Is Morally Repugnant, Wednesday, April 22, 2020, Opinion | The Corporate Welfare During Covid-19 Pandemic Is Morally Repugnant

Rob Borrow, Welfare Inequality: The Rise of Corporate Welfare, October 9, 2020, Welfare Inequality: The Rise of Corporate Welfare

 

[Shelzin]

Reagan started it. He set record deficits.

G.W. Bush tried it. He set new records for deficits.

Trump tried it again. He set new records for deficits.

Jobs have never been created due to tax cuts for the rich.

Not a republican...

You can create jobs while "setting new records for deficits." Your argument is just flat out a bad one. Not saying you are wrong, I am saying it's just not a good argument. All you did there was say "I don't know what the hell I'm talking about"

 

[HereWeGoAgain]

Easy....
Thats how the economy works.
Someone invests and risks their money to start a business and hires those who dont have the money to do the same thus giving those people jobs.
It ain't rocket science.

As the saying goes...Have you ever been hired by a poor person?

 

[Toddsterpatriot]

Every single time.

 

[IM2]

Reagan started it. He set record deficits.

G.W. Bush tried it. He set new records for deficits.

Trump tried it again. He set new records for deficits.

Jobs have never been created due to tax cuts for the rich.

Not a republican...

You can create jobs while "setting new records for deficits." Your argument is just flat out a bad one. Not saying you are wrong, I am saying it's just not a good argument. All you did there was say "I don't know what the hell I'm talking about"

Actually I do know what I am talking about and trickle down did not trickle down. Unless you lived outside of the country.

 

[Indeependent]

Reagan started it. He set record deficits.

G.W. Bush tried it. He set new records for deficits.

Trump tried it again. He set new records for deficits.

Jobs have never been created due to tax cuts for the rich.

Lawrence, K., & Keleher, T. (2004). Chronic Disparity: Strong and Pervasive Evidence of Racial Inequalities. Retrieved 2020, from https://www.racialequitytools.org/resourcefiles/Definitions-of Racism.pdf

Linette Lopez, The White House is only telling you half of the sad story of what happened to American jobs, Business Insider, Jul 25, 2017, https://www.businessinsider.com/what-happened-to-american-jobs-in-the-80s-2017-

William Lazonick, The Financialization of the U.S. Corporation: What Has Been Lost, and How It Can Be Regained, 36 SEATTLE U. L. REV. 857 (2013). The Financialization of the U.S. Corporation: What Has Been Lost, and How It Can Be Regained (seattleu.edu) https://digitalcommons.law.seattleu.edu/cgi/viewcontent.cgi?article=2158&amp=&context=sulr&amp=&sei-redir=1&referer=https%3A%2F%2Fscholar.google.com%2Fscholar%3Fhl%3Den%26as_sdt%3D0%252C44%26q%3Dwilliam%2Blazonick%2B2013%2Bthe%2Bfinancialization%2Bof%2Bthe%2Bu.s.%2Bcorporation%26btnG%3D

Government Spends More on Corporate Welfare Subsidies than Social Welfare Programs, Welfare Statistics: Government Spends More on Corporate Welfare Than.., original source, Time Magazine, Vol. 152 No. 19

Donald L. Barlett and James B. Steele, Corporate Welfare: Corporate Welfare, Time Magazine, Vol. 152 No. 19, Nov. 09, 1998, Corporate Welfare: Corporate Welfare

Stephen Slivinski, The Corporate Welfare State:How the Federal Government Subsidizes U.S. Businesses, Policy Analysis, No. 592, May 14, 2007, https://www.cato.org/sites/cato.org/files/pubs/pdf/pa592.pdf

Robert Reich, The Corporate Welfare During Covid-19 Pandemic Is Morally Repugnant, Wednesday, April 22, 2020, Opinion | The Corporate Welfare During Covid-19 Pandemic Is Morally Repugnant

Rob Borrow, Welfare Inequality: The Rise of Corporate Welfare, October 9, 2020, Welfare Inequality: The Rise of Corporate Welfare

As long as we have Business Visas and can Off-Shore work, Trickle Down will never work.
Reagan, in 1981, got both parties to open our borders legally and illegally.

 

[occupied]

Easy....
Thats how the economy works.
Someone invests and risks their money to start a business and hires those who dont have the money to do the same thus giving those people jobs.
It ain't rocket science.

As the saying goes...Have you ever been hired by a poor person?

Trickle down economics is mainly the idea that tax cuts for the wealthy translate directly into them having more money to pay their workers.

 

[CrusaderFrank]

Reagan started it. He set record deficits.

G.W. Bush tried it. He set new records for deficits.

Trump tried it again. He set new records for deficits.

Jobs have never been created due to tax cuts for the rich.

Lawrence, K., & Keleher, T. (2004). Chronic Disparity: Strong and Pervasive Evidence of Racial Inequalities. Retrieved 2020, from https://www.racialequitytools.org/resourcefiles/Definitions-of Racism.pdf

Linette Lopez, The White House is only telling you half of the sad story of what happened to American jobs, Business Insider, Jul 25, 2017, https://www.businessinsider.com/what-happened-to-american-jobs-in-the-80s-2017-

William Lazonick, The Financialization of the U.S. Corporation: What Has Been Lost, and How It Can Be Regained, 36 SEATTLE U. L. REV. 857 (2013). The Financialization of the U.S. Corporation: What Has Been Lost, and How It Can Be Regained (seattleu.edu) https://digitalcommons.law.seattleu...ion%2Bof%2Bthe%2Bu.s.%2Bcorporation%26btnG%3D

Government Spends More on Corporate Welfare Subsidies than Social Welfare Programs, Welfare Statistics: Government Spends More on Corporate Welfare Than.., original source, Time Magazine, Vol. 152 No. 19

Donald L. Barlett and James B. Steele, Corporate Welfare: Corporate Welfare, Time Magazine, Vol. 152 No. 19, Nov. 09, 1998, Corporate Welfare: Corporate Welfare

Stephen Slivinski, The Corporate Welfare State:How the Federal Government Subsidizes U.S. Businesses, Policy Analysis, No. 592, May 14, 2007, https://www.cato.org/sites/cato.org/files/pubs/pdf/pa592.pdf

Robert Reich, The Corporate Welfare During Covid-19 Pandemic Is Morally Repugnant, Wednesday, April 22, 2020, Opinion | The Corporate Welfare During Covid-19 Pandemic Is Morally Repugnant

Rob Borrow, Welfare Inequality: The Rise of Corporate Welfare, October 9, 2020, Welfare Inequality: The Rise of Corporate Welfare

Write 100 times, "The federal government is NOT the US economy "

 

[Winston]

Reagan started it. He set record deficits.

G.W. Bush tried it. He set new records for deficits.

Trump tried it again. He set new records for deficits.

Jobs have never been created due to tax cuts for the rich.

Lawrence, K., & Keleher, T. (2004). Chronic Disparity: Strong and Pervasive Evidence of Racial Inequalities. Retrieved 2020, from https://www.racialequitytools.org/resourcefiles/Definitions-of Racism.pdf

Linette Lopez, The White House is only telling you half of the sad story of what happened to American jobs, Business Insider, Jul 25, 2017, https://www.businessinsider.com/what-happened-to-american-jobs-in-the-80s-2017-

William Lazonick, The Financialization of the U.S. Corporation: What Has Been Lost, and How It Can Be Regained, 36 SEATTLE U. L. REV. 857 (2013). The Financialization of the U.S. Corporation: What Has Been Lost, and How It Can Be Regained (seattleu.edu) https://digitalcommons.law.seattleu...ion%2Bof%2Bthe%2Bu.s.%2Bcorporation%26btnG%3D

Government Spends More on Corporate Welfare Subsidies than Social Welfare Programs, Welfare Statistics: Government Spends More on Corporate Welfare Than.., original source, Time Magazine, Vol. 152 No. 19

Donald L. Barlett and James B. Steele, Corporate Welfare: Corporate Welfare, Time Magazine, Vol. 152 No. 19, Nov. 09, 1998, Corporate Welfare: Corporate Welfare

Stephen Slivinski, The Corporate Welfare State:How the Federal Government Subsidizes U.S. Businesses, Policy Analysis, No. 592, May 14, 2007, https://www.cato.org/sites/cato.org/files/pubs/pdf/pa592.pdf

Robert Reich, The Corporate Welfare During Covid-19 Pandemic Is Morally Repugnant, Wednesday, April 22, 2020, Opinion | The Corporate Welfare During Covid-19 Pandemic Is Morally Repugnant

Rob Borrow, Welfare Inequality: The Rise of Corporate Welfare, October 9, 2020, Welfare Inequality: The Rise of Corporate Welfare

Kennedy, period. What everyone seems to ignore, including Laffer himself, is that it is called the Laffer curve. It is a damn curve. At high marginal tax rates a tax cut can result in increased revenue, a la Kennedy. But at lower tax rates it only results in less revenue.

 

[Toddsterpatriot]

Reagan started it. He set record deficits.

G.W. Bush tried it. He set new records for deficits.

Trump tried it again. He set new records for deficits.

Jobs have never been created due to tax cuts for the rich.

Lawrence, K., & Keleher, T. (2004). Chronic Disparity: Strong and Pervasive Evidence of Racial Inequalities. Retrieved 2020, from https://www.racialequitytools.org/resourcefiles/Definitions-of Racism.pdf

Linette Lopez, The White House is only telling you half of the sad story of what happened to American jobs, Business Insider, Jul 25, 2017, https://www.businessinsider.com/what-happened-to-american-jobs-in-the-80s-2017-

William Lazonick, The Financialization of the U.S. Corporation: What Has Been Lost, and How It Can Be Regained, 36 SEATTLE U. L. REV. 857 (2013). The Financialization of the U.S. Corporation: What Has Been Lost, and How It Can Be Regained (seattleu.edu) https://digitalcommons.law.seattleu.edu/cgi/viewcontent.cgi?article=2158&amp=&context=sulr&amp=&sei-redir=1&referer=https%3A%2F%2Fscholar.google.com%2Fscholar%3Fhl%3Den%26as_sdt%3D0%252C44%26q%3Dwilliam%2Blazonick%2B2013%2Bthe%2Bfinancialization%2Bof%2Bthe%2Bu.s.%2Bcorporation%26btnG%3D

Government Spends More on Corporate Welfare Subsidies than Social Welfare Programs, Welfare Statistics: Government Spends More on Corporate Welfare Than.., original source, Time Magazine, Vol. 152 No. 19

Donald L. Barlett and James B. Steele, Corporate Welfare: Corporate Welfare, Time Magazine, Vol. 152 No. 19, Nov. 09, 1998, Corporate Welfare: Corporate Welfare

Stephen Slivinski, The Corporate Welfare State:How the Federal Government Subsidizes U.S. Businesses, Policy Analysis, No. 592, May 14, 2007, https://www.cato.org/sites/cato.org/files/pubs/pdf/pa592.pdf

Robert Reich, The Corporate Welfare During Covid-19 Pandemic Is Morally Repugnant, Wednesday, April 22, 2020, Opinion | The Corporate Welfare During Covid-19 Pandemic Is Morally Repugnant

Rob Borrow, Welfare Inequality: The Rise of Corporate Welfare, October 9, 2020, Welfare Inequality: The Rise of Corporate Welfare

Kennedy, period. What everyone seems to ignore, including Laffer himself, is that it is called the Laffer curve. It is a damn curve. At high marginal tax rates a tax cut can result in increased revenue, a la Kennedy. But at lower tax rates it only results in less revenue.

Who said a tax cut is only successful if government revenues are maximized?

 

[Hellbilly]

Easy....
Thats how the economy works.
Someone invests and risks their money to start a business and hires those who dont have the money to do the same thus giving those people jobs.
It ain't rocket science.

As the saying goes...Have you ever been hired by a poor person?

and this is what they give you for an hours work.

They get richer and they keep you in poverty.

 

[IM2]

Easy....
Thats how the economy works.
Someone invests and risks their money to start a business and hires those who dont have the money to do the same thus giving those people jobs.
It ain't rocket science.

As the saying goes...Have you ever been hired by a poor person?

But that didn't happen.

“During the post-World War II decades, for both blue-collar and white-collar workers, the norm in large, established U.S. business corporations was career employment with one company. When layoffs occurred, they tended to be temporary and, in unionized workplaces, on a last-hired, first-fired basis. Supported by a highly progressive income tax system, countercyclical government fiscal policy sought to reduce the severity of business fluctuations, while employment generated by ongoing government spending, particularly on higher education, healthcare, advanced technology, and physical infrastructure (for example, the interstate highway system), complemented the employment opportunities provided by the business sector. The result was relatively equitable and stable economic growth from the late 1940s to the beginning of the 1970s.”

"Since the beginning of the 1980s, employment relations in U.S. industrial corporations have undergone three major structural changes—which I summarize as rationalization, marketization, and globalization—that have permanently eliminated middle-class jobs.2 From the early 1980s, rationalization, characterized by plant closings, eliminated the jobs of unionized blue-collar workers. From the early 1990s, marketization, characterized by the end of a career with one company as an employment norm, placed the job security of middle-aged and older white-collar workers in jeopardy. From the early 2000s, globalization, characterized by the movement of employment offshore, left all members of the U.S. labor force, even those with advanced educational credentials and substantial work experience, vulnerable to displacement."

“Over the course of the 1980s, the stock market came to react favorably to permanent downsizings of the blue-collar labor force. As secure middle-class jobs for high-school educated blue-collar workers permanently disappeared, there was no commitment on the part of those who managed U.S. industrial corporations, or the Republican administrations that ruled in the 1980s, to invest in the new capabilities and opportunities required to upgrade the quality, and expand the quantity, of well-paid employment opportunities in the United States on a scale sufficient to reestablish conditions of prosperity for displaced members of the labor force.”

"Once U.S. corporations adopted these structural changes in employment, however, they often pursued these employment strategies purely for financial gain. Some companies closed manufacturing plants, terminated experienced (and generally more expensive) workers, and offshored production to low-wage areas of the world simply to increase profits, often at the expense of the companies’ long-term competitive capabilities and without regard for displaced employees’ long years of service. Moreover, as these changes became embedded in the structure of U.S. employment, business corporations failed to invest in new, higher value-added job creation on a sufficient scale to provide a foundation for equitable and stable growth in the U.S. economy.”

“On the contrary, with superior corporate performance defined as meeting Wall Street’s expectations for quarterly earnings per share, companies turned to massive stock repurchases to “manage” their own corporations’ stock prices. Trillions of dollars that could have been spent on innovation and job creation in the U.S. economy over the past three decades have instead been used to buy back stock for the purpose of manipulating the company’s stock price. This financialized mode of corporate resource allocation has been legitimized by the ideology, itself a product of the 1980s and 1990s, that a business corporation should be run to “maximize shareholder value.”5 Through their stock-based compensation, corporate executives who make these decisions are themselves prime beneficiaries of this focus on rising stock prices as the measure of corporate performance."

William Lazonick, The Financialization of the U.S. Corporation: What Has Been Lost, and How It Can Be Regained, 36 SEATTLE U. L. REV. 857 (2013). The Financialization of the U.S. Corporation: What Has Been Lost, and How It Can Be Regained (seattleu.edu)
​

 

[miketx]

Reagan started it. He set record deficits.

G.W. Bush tried it. He set new records for deficits.

Trump tried it again. He set new records for deficits.

Jobs have never been created due to tax cuts for the rich.

Not a republican...

You can create jobs while "setting new records for deficits." Your argument is just flat out a bad one. Not saying you are wrong, I am saying it's just not a good argument. All you did there was say "I don't know what the hell I'm talking about"

Actually I do know what I am talking about and trickle down did not trickle down. Unless you lived outside of the country.

Did hell freeze over, or are you lying again?

 

[Shelzin]

Reagan started it. He set record deficits.

G.W. Bush tried it. He set new records for deficits.

Trump tried it again. He set new records for deficits.

Jobs have never been created due to tax cuts for the rich.

Not a republican...

You can create jobs while "setting new records for deficits." Your argument is just flat out a bad one. Not saying you are wrong, I am saying it's just not a good argument. All you did there was say "I don't know what the hell I'm talking about"

Actually I do know what I am talking about and trickle down did not trickle down. Unless you lived outside of the country.

That's not the argument you made. There is zero point to adding deficits into that argument. I mean no disrespect, but that was just... Wrong.

 

[AZrailwhale]

Reagan started it. He set record deficits.

G.W. Bush tried it. He set new records for deficits.

Trump tried it again. He set new records for deficits.

Jobs have never been created due to tax cuts for the rich.

Lawrence, K., & Keleher, T. (2004). Chronic Disparity: Strong and Pervasive Evidence of Racial Inequalities. Retrieved 2020, from https://www.racialequitytools.org/resourcefiles/Definitions-of Racism.pdf

Linette Lopez, The White House is only telling you half of the sad story of what happened to American jobs, Business Insider, Jul 25, 2017, https://www.businessinsider.com/what-happened-to-american-jobs-in-the-80s-2017-

William Lazonick, The Financialization of the U.S. Corporation: What Has Been Lost, and How It Can Be Regained, 36 SEATTLE U. L. REV. 857 (2013). The Financialization of the U.S. Corporation: What Has Been Lost, and How It Can Be Regained (seattleu.edu) https://digitalcommons.law.seattleu.edu/cgi/viewcontent.cgi?article=2158&amp=&context=sulr&amp=&sei-redir=1&referer=https%3A%2F%2Fscholar.google.com%2Fscholar%3Fhl%3Den%26as_sdt%3D0%252C44%26q%3Dwilliam%2Blazonick%2B2013%2Bthe%2Bfinancialization%2Bof%2Bthe%2Bu.s.%2Bcorporation%26btnG%3D

Government Spends More on Corporate Welfare Subsidies than Social Welfare Programs, Welfare Statistics: Government Spends More on Corporate Welfare Than.., original source, Time Magazine, Vol. 152 No. 19

Donald L. Barlett and James B. Steele, Corporate Welfare: Corporate Welfare, Time Magazine, Vol. 152 No. 19, Nov. 09, 1998, Corporate Welfare: Corporate Welfare

Stephen Slivinski, The Corporate Welfare State:How the Federal Government Subsidizes U.S. Businesses, Policy Analysis, No. 592, May 14, 2007, https://www.cato.org/sites/cato.org/files/pubs/pdf/pa592.pdf

Robert Reich, The Corporate Welfare During Covid-19 Pandemic Is Morally Repugnant, Wednesday, April 22, 2020, Opinion | The Corporate Welfare During Covid-19 Pandemic Is Morally Repugnant

Rob Borrow, Welfare Inequality: The Rise of Corporate Welfare, October 9, 2020, Welfare Inequality: The Rise of Corporate Welfare

The Reagan deficits came from congress, he made an agreement with the democratically controlled congress that for every dollar of new taxes he Okayed, they would cut spending by two dollars (if I remember the numbers correctly) well as usual, the democrats reneged on the deal after increasing taxes.

 

[Tax Man]

Easy....
Thats how the economy works.
Someone invests and risks their money to start a business and hires those who dont have the money to do the same thus giving those people jobs.
It ain't rocket science.

As the saying goes...Have you ever been hired by a poor person?

Yes I have been hired by a poor person. Money was great!
You do know that trickle down economics is how you get peons?

 

[Winston]

Reagan started it. He set record deficits.

G.W. Bush tried it. He set new records for deficits.

Trump tried it again. He set new records for deficits.

Jobs have never been created due to tax cuts for the rich.

Lawrence, K., & Keleher, T. (2004). Chronic Disparity: Strong and Pervasive Evidence of Racial Inequalities. Retrieved 2020, from https://www.racialequitytools.org/resourcefiles/Definitions-of Racism.pdf

Linette Lopez, The White House is only telling you half of the sad story of what happened to American jobs, Business Insider, Jul 25, 2017, https://www.businessinsider.com/what-happened-to-american-jobs-in-the-80s-2017-

William Lazonick, The Financialization of the U.S. Corporation: What Has Been Lost, and How It Can Be Regained, 36 SEATTLE U. L. REV. 857 (2013). The Financialization of the U.S. Corporation: What Has Been Lost, and How It Can Be Regained (seattleu.edu) https://digitalcommons.law.seattleu.edu/cgi/viewcontent.cgi?article=2158&amp=&context=sulr&amp=&sei-redir=1&referer=https%3A%2F%2Fscholar.google.com%2Fscholar%3Fhl%3Den%26as_sdt%3D0%252C44%26q%3Dwilliam%2Blazonick%2B2013%2Bthe%2Bfinancialization%2Bof%2Bthe%2Bu.s.%2Bcorporation%26btnG%3D

Government Spends More on Corporate Welfare Subsidies than Social Welfare Programs, Welfare Statistics: Government Spends More on Corporate Welfare Than.., original source, Time Magazine, Vol. 152 No. 19

Donald L. Barlett and James B. Steele, Corporate Welfare: Corporate Welfare, Time Magazine, Vol. 152 No. 19, Nov. 09, 1998, Corporate Welfare: Corporate Welfare

Stephen Slivinski, The Corporate Welfare State:How the Federal Government Subsidizes U.S. Businesses, Policy Analysis, No. 592, May 14, 2007, https://www.cato.org/sites/cato.org/files/pubs/pdf/pa592.pdf

Robert Reich, The Corporate Welfare During Covid-19 Pandemic Is Morally Repugnant, Wednesday, April 22, 2020, Opinion | The Corporate Welfare During Covid-19 Pandemic Is Morally Repugnant

Rob Borrow, Welfare Inequality: The Rise of Corporate Welfare, October 9, 2020, Welfare Inequality: The Rise of Corporate Welfare

Kennedy, period. What everyone seems to ignore, including Laffer himself, is that it is called the Laffer curve. It is a damn curve. At high marginal tax rates a tax cut can result in increased revenue, a la Kennedy. But at lower tax rates it only results in less revenue.

Who said a tax cut is only successful if government revenues are maximized?

Uh, what other purpose could there be?

 

[IM2]

Reagan started it. He set record deficits.

G.W. Bush tried it. He set new records for deficits.

Trump tried it again. He set new records for deficits.

Jobs have never been created due to tax cuts for the rich.

Lawrence, K., & Keleher, T. (2004). Chronic Disparity: Strong and Pervasive Evidence of Racial Inequalities. Retrieved 2020, from https://www.racialequitytools.org/resourcefiles/Definitions-of Racism.pdf

Linette Lopez, The White House is only telling you half of the sad story of what happened to American jobs, Business Insider, Jul 25, 2017, https://www.businessinsider.com/what-happened-to-american-jobs-in-the-80s-2017-

William Lazonick, The Financialization of the U.S. Corporation: What Has Been Lost, and How It Can Be Regained, 36 SEATTLE U. L. REV. 857 (2013). The Financialization of the U.S. Corporation: What Has Been Lost, and How It Can Be Regained (seattleu.edu) https://digitalcommons.law.seattleu.edu/cgi/viewcontent.cgi?article=2158&amp=&context=sulr&amp=&sei-redir=1&referer=https%3A%2F%2Fscholar.google.com%2Fscholar%3Fhl%3Den%26as_sdt%3D0%252C44%26q%3Dwilliam%2Blazonick%2B2013%2Bthe%2Bfinancialization%2Bof%2Bthe%2Bu.s.%2Bcorporation%26btnG%3D

Government Spends More on Corporate Welfare Subsidies than Social Welfare Programs, Welfare Statistics: Government Spends More on Corporate Welfare Than.., original source, Time Magazine, Vol. 152 No. 19

Donald L. Barlett and James B. Steele, Corporate Welfare: Corporate Welfare, Time Magazine, Vol. 152 No. 19, Nov. 09, 1998, Corporate Welfare: Corporate Welfare

Stephen Slivinski, The Corporate Welfare State:How the Federal Government Subsidizes U.S. Businesses, Policy Analysis, No. 592, May 14, 2007, https://www.cato.org/sites/cato.org/files/pubs/pdf/pa592.pdf

Robert Reich, The Corporate Welfare During Covid-19 Pandemic Is Morally Repugnant, Wednesday, April 22, 2020, Opinion | The Corporate Welfare During Covid-19 Pandemic Is Morally Repugnant

Rob Borrow, Welfare Inequality: The Rise of Corporate Welfare, October 9, 2020, Welfare Inequality: The Rise of Corporate Welfare

Kennedy, period. What everyone seems to ignore, including Laffer himself, is that it is called the Laffer curve. It is a damn curve. At high marginal tax rates a tax cut can result in increased revenue, a la Kennedy. But at lower tax rates it only results in less revenue.

Who said a tax cut is only successful if government revenues are maximized?

Any business where you enact a policy that cuts your ability to provide services is a bad business. Kennedys tax cuts didn't produce what you think. Evidence shows that whatever you claim happened was because of the combination of tax cuts and domestic spending programs President Johnson advocated.

 

[Toddsterpatriot]

Reagan started it. He set record deficits.

G.W. Bush tried it. He set new records for deficits.

Trump tried it again. He set new records for deficits.

Jobs have never been created due to tax cuts for the rich.

Lawrence, K., & Keleher, T. (2004). Chronic Disparity: Strong and Pervasive Evidence of Racial Inequalities. Retrieved 2020, from https://www.racialequitytools.org/resourcefiles/Definitions-of Racism.pdf

Linette Lopez, The White House is only telling you half of the sad story of what happened to American jobs, Business Insider, Jul 25, 2017, https://www.businessinsider.com/what-happened-to-american-jobs-in-the-80s-2017-

William Lazonick, The Financialization of the U.S. Corporation: What Has Been Lost, and How It Can Be Regained, 36 SEATTLE U. L. REV. 857 (2013). The Financialization of the U.S. Corporation: What Has Been Lost, and How It Can Be Regained (seattleu.edu) https://digitalcommons.law.seattleu.edu/cgi/viewcontent.cgi?article=2158&amp=&context=sulr&amp=&sei-redir=1&referer=https%3A%2F%2Fscholar.google.com%2Fscholar%3Fhl%3Den%26as_sdt%3D0%252C44%26q%3Dwilliam%2Blazonick%2B2013%2Bthe%2Bfinancialization%2Bof%2Bthe%2Bu.s.%2Bcorporation%26btnG%3D

Government Spends More on Corporate Welfare Subsidies than Social Welfare Programs, Welfare Statistics: Government Spends More on Corporate Welfare Than.., original source, Time Magazine, Vol. 152 No. 19

Donald L. Barlett and James B. Steele, Corporate Welfare: Corporate Welfare, Time Magazine, Vol. 152 No. 19, Nov. 09, 1998, Corporate Welfare: Corporate Welfare

Stephen Slivinski, The Corporate Welfare State:How the Federal Government Subsidizes U.S. Businesses, Policy Analysis, No. 592, May 14, 2007, https://www.cato.org/sites/cato.org/files/pubs/pdf/pa592.pdf

Robert Reich, The Corporate Welfare During Covid-19 Pandemic Is Morally Repugnant, Wednesday, April 22, 2020, Opinion | The Corporate Welfare During Covid-19 Pandemic Is Morally Repugnant

Rob Borrow, Welfare Inequality: The Rise of Corporate Welfare, October 9, 2020, Welfare Inequality: The Rise of Corporate Welfare

Kennedy, period. What everyone seems to ignore, including Laffer himself, is that it is called the Laffer curve. It is a damn curve. At high marginal tax rates a tax cut can result in increased revenue, a la Kennedy. But at lower tax rates it only results in less revenue.

Who said a tax cut is only successful if government revenues are maximized?

Uh, what other purpose could there be?

Growing the economy, moron.

 

[HereWeGoAgain]

Easy....
Thats how the economy works.
Someone invests and risks their money to start a business and hires those who dont have the money to do the same thus giving those people jobs.
It ain't rocket science.

As the saying goes...Have you ever been hired by a poor person?

Trickle down economics is mainly the idea that tax cuts for the wealthy translate directly into them having more money to pay their workers.

Tax cuts allow those companies to expand necessitating the hiring of more employees.