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Can A Republican Tell Me When Trickle Down Economics Worked?
- Thread starter IM2
- Start date
- Apr 5, 2010
- 80,191
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Actually I do know what I am talking about and trickle down did not trickle down. Unless you lived outside of the country.Not a republican...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.
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"
Compare the living standards of people 100 years ago to now. How much of that has resulted from capitalism and how much from socialism?
Giving more money to the government and letting them figure out who gets it just results in more government and more people dependent on it.
Hellbilly
Platinum Member
As I said before its not about me. I haven't worked a minimum wage job in 30 years.There's only ONE person 'keeping you in poverty.' And it's NOT your employer...
People need a liveable wage. Period.
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.
So, to support your claim that tax cuts don't create jobs you cite rising deficits.
And you claim to be educated.
- Apr 5, 2010
- 80,191
- 32,285
- 2,300
As I said before its not about me. I haven't worked a minimum wage job in 30 years.There's only ONE person 'keeping you in poverty.' And it's NOT your employer...
People need a liveable wage. Period.
Then they should be able to provide enough labor to earn that wage.
When you pay a person worth $5 an hour $15 an hour, you make businesses try to figure out how to make up the difference, and make a person worth $15 an hour getting $15 an hour feel like a sucker.
Hellbilly
Platinum Member
What exactly makes a person "worth" $5.00 an hour?When you pay a person worth $5 an hour $15 an hour, you make businesses try to figure out how to make up the difference, and make a person worth $15 an hour getting $15 an hour feel like a sucker.
- Apr 5, 2010
- 80,191
- 32,285
- 2,300
What exactly makes a person "worth" $5.00 an hour?When you pay a person worth $5 an hour $15 an hour, you make businesses try to figure out how to make up the difference, and make a person worth $15 an hour getting $15 an hour feel like a sucker.
The value they add to the final good or service being provided.
It's called basic economics, something progressives like you try to ignore.
Hellbilly
Platinum Member
In my line of work (automotive sales) the guys who clean the cars for delivery are the lowest paid employees. The value they add is apparent when the customer picks up his car and is blown away by how great it looks. Meanwhile we have service writers who get 2 star reviews who make twice what the prep guys make. The prep guys are worth $15.00 an hour at the least.What exactly makes a person "worth" $5.00 an hour?When you pay a person worth $5 an hour $15 an hour, you make businesses try to figure out how to make up the difference, and make a person worth $15 an hour getting $15 an hour feel like a sucker.
The value they add to the final good or service being provided.
It's called basic economics, something progressives like you try to ignore.
- Apr 5, 2010
- 80,191
- 32,285
- 2,300
In my line of work (automotive sales) the guys who clean the cars for delivery are the lowest paid employees. The value they add is apparent when the customer picks up his car and is blown away by how great it looks. Meanwhile we have service writers who get 2 star reviews who make twice what the prep guys make. The prep guys are worth $15.00 an hour at the least.What exactly makes a person "worth" $5.00 an hour?When you pay a person worth $5 an hour $15 an hour, you make businesses try to figure out how to make up the difference, and make a person worth $15 an hour getting $15 an hour feel like a sucker.
The value they add to the final good or service being provided.
It's called basic economics, something progressives like you try to ignore.
That is not economic value added, that is you trying to add emotion to the argument.
Hellbilly
Platinum Member
People are not paid for the value they add to the product.That is not economic value added, that is you trying to add emotion to the argument.
They are paid by the amount of money they generate from customers.
- Apr 5, 2010
- 80,191
- 32,285
- 2,300
People are not paid for the value they add to the product.That is not economic value added, that is you trying to add emotion to the argument.
They are paid by the amount of money they generate from customers.
The product or service generates money from the customer, the employees contribution is in the creation and distribution of that product or service. What value an employee adds to the end product or service is determined by economics.
People are not paid for the value they add to the product.
They are paid by the amount of money they generate from customers.
If a worker takes an hour to turn $9 of material into something that generates $14 from a customer, how much value have they added?
How much should they be paid?
- Banned
- #54
Can one of these stupid uneducated Moon Bats tell me why it is better for the filthy ass government to spend the money that you earn rather than you spending it yourself?
How is paying for Muslim transgender studies, giving welfare to Illegals and paying off Democrat incompetent management in the big city shitholes better for the economy than you spending the money for what you want?
How is paying for Muslim transgender studies, giving welfare to Illegals and paying off Democrat incompetent management in the big city shitholes better for the economy than you spending the money for what you want?
Oldestyle
Diamond Member
With all due respect, Billy? Do you have ANY experience with hiring and training new employees? The hard truth is that until you get them trained...new employees cost a business money because they tend to mess things up and someone that would otherwise be doing work has to babysit them. In essence they're "worth" less than $5.00 an hour but they're paid that wage to keep them on until they DO learn enough to make themselves valuable.What exactly makes a person "worth" $5.00 an hour?When you pay a person worth $5 an hour $15 an hour, you make businesses try to figure out how to make up the difference, and make a person worth $15 an hour getting $15 an hour feel like a sucker.
Uncensored2008
Libertarian Radical
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&=&context=sulr&=&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
Are you still kicking your dog?
Oldestyle
Diamond Member
That's an example of the "Peter Principle", Billy...not a reason why entry level workers should get paid more! You do realize that those terrible service writers will see their pay increase as well if the lowest paid employees get a big raise?In my line of work (automotive sales) the guys who clean the cars for delivery are the lowest paid employees. The value they add is apparent when the customer picks up his car and is blown away by how great it looks. Meanwhile we have service writers who get 2 star reviews who make twice what the prep guys make. The prep guys are worth $15.00 an hour at the least.What exactly makes a person "worth" $5.00 an hour?When you pay a person worth $5 an hour $15 an hour, you make businesses try to figure out how to make up the difference, and make a person worth $15 an hour getting $15 an hour feel like a sucker.
The value they add to the final good or service being provided.
It's called basic economics, something progressives like you try to ignore.
Uncensored2008
Libertarian Radical
Trickle down economics does a spectacular job increasing deficits.
Credit where it is due...
Another leftist with zero grasp of economics.
How shocking.
Here's a hint - no legitimate economist has ever uttered "trickle down." There is no such theory. It's just something Socialists say to smear conservatives.
- Apr 5, 2010
- 80,191
- 32,285
- 2,300
What exactly makes a person "worth" $5.00 an hour?When you pay a person worth $5 an hour $15 an hour, you make businesses try to figure out how to make up the difference, and make a person worth $15 an hour getting $15 an hour feel like a sucker.
Again, the value they add to the good or service.
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