Can A Republican Tell Me When Trickle Down Economics Worked?

[Indeependent]

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.

View attachment 467430
They get richer and they keep you in poverty.

What skill set does the hour’s work consist of?

 

[Jets]

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.

Good, prove my statement incorrect.

I‘ll wait...

 

[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?

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

View attachment 467430
They get richer and they keep you in poverty.

Only if you're a moron with no other skills other than running the fryolater at MickyD's.

 

[Uncensored2008]

Good, prove my statement incorrect.

I‘ll wait...

If not for logical fallacy, leftists would never be in the same galaxy as logic.

Explain to the class what "trickle down economics" is and who has advocated it.

You (dishonestly) claim {
Trickle down economics does a spectacular job increasing deficits.
}

Show where this fictitious system has been used and how it spurred deficits?

 

[Jets]

Good, prove my statement incorrect.

I‘ll wait...

If not for logical fallacy, leftists would never be in the same galaxy as logic.

Explain to the class what "trickle down economics" is and who has advocated it.

You (dishonestly) claim {
Trickle down economics does a spectacular job increasing deficits.
}

Show where this fictitious system has been used and how it spurred deficits?

Leftists?



Enjoy the read:

The Fallacy and Persistence of “Trickle-Down Economics” - Brown Political Review

In modern capitalism, the rich getting richer has become a regrettable truism; nowhere is this undeniable truth more evident than in the United States’ current tax policy. From the late 20th century onward, overall tax rates on the richest 400 households in the US have plunged, progressively...

brownpoliticalreview.org

 

[Uncensored2008]

Good, prove my statement incorrect.

I‘ll wait...

If not for logical fallacy, leftists would never be in the same galaxy as logic.

Explain to the class what "trickle down economics" is and who has advocated it.

You (dishonestly) claim {
Trickle down economics does a spectacular job increasing deficits.
}

Show where this fictitious system has been used and how it spurred deficits?

Leftists?



Enjoy the read:

The Fallacy and Persistence of “Trickle-Down Economics” - Brown Political Review

In modern capitalism, the rich getting richer has become a regrettable truism; nowhere is this undeniable truth more evident than in the United States’ current tax policy. From the late 20th century onward, overall tax rates on the richest 400 households in the US have plunged, progressively...

brownpoliticalreview.org

{ The regressive nature of the American tax system today, particularly as it affects wealthy elites, }



SO the author is not only dishonest, but abjectly ignorant.

{ A regressive tax is a tax applied uniformly, taking a larger percentage of income from low-income earners than from high-income earners. It is in opposition to a progressive tax, which takes a larger percentage from high-income earners. }

Okay, so the dude is a fucking liar pushing his socialist agenda in direct contradiction to facts.

That defines most of what the left vomits out.

{ the theory that undergirds this phenomenon, dubbed “trickle-down economics” by its myriad critics, is a macroeconomic fallacy. }

Wait, so those who use the term are actually engaged in ad hominem attacks?

Well, DAYUM.

{ The results of this so-called Reaganomics platform were mixed, as these laissez-faire policies overcame the existing recession but caused the national debt to skyrocket from under $1 trillion in 1981 to roughly $2.9 trillion by 1989. }

Unless of course it was actually defense spending that increased..

But I'm not here to debate some leftist rag. If Matthew Lichtblau wants to join the forum, I'll be happy to take him to the woodshed as the disingenuous fool he is.

So you ran to google, but in no way supported your claims.

Want to try again?

 

[Jets]

Good, prove my statement incorrect.

I‘ll wait...

If not for logical fallacy, leftists would never be in the same galaxy as logic.

Explain to the class what "trickle down economics" is and who has advocated it.

You (dishonestly) claim {
Trickle down economics does a spectacular job increasing deficits.
}

Show where this fictitious system has been used and how it spurred deficits?

Leftists?



Enjoy the read:

The Fallacy and Persistence of “Trickle-Down Economics” - Brown Political Review

In modern capitalism, the rich getting richer has become a regrettable truism; nowhere is this undeniable truth more evident than in the United States’ current tax policy. From the late 20th century onward, overall tax rates on the richest 400 households in the US have plunged, progressively...

brownpoliticalreview.org

{ The regressive nature of the American tax system today, particularly as it affects wealthy elites, }



SO the author is not only dishonest, but abjectly ignorant.

{ A regressive tax is a tax applied uniformly, taking a larger percentage of income from low-income earners than from high-income earners. It is in opposition to a progressive tax, which takes a larger percentage from high-income earners. }

Okay, so the dude is a fucking liar pushing his socialist agenda in direct contradiction to facts.

That defines most of what the left vomits out.

{ the theory that undergirds this phenomenon, dubbed “trickle-down economics” by its myriad critics, is a macroeconomic fallacy. }

Wait, so those who use the term are actually engaged in ad hominem attacks?

Well, DAYUM.

{ The results of this so-called Reaganomics platform were mixed, as these laissez-faire policies overcame the existing recession but caused the national debt to skyrocket from under $1 trillion in 1981 to roughly $2.9 trillion by 1989. }

Unless of course it was actually defense spending that increased..

But I'm not here to debate some leftist rag. If Matthew Lichtblau wants to join the forum, I'll be happy to take him to the woodshed as the disingenuous fool he is.

So you ran to google, but in no way supported your claims.

Want to try again?

So, you glossed over the part discussing why the deficits increased.

Dismissed...

 

[Uncensored2008]

So, you glossed over the part discussing why the deficits increased.

Dismissed...

Didn't think so.

You're a lightweight fraud who can't support the leftist talking points he posts.

Your kind is a dime a dozen around here.

 

[Toddsterpatriot]

Good, prove my statement incorrect.

I‘ll wait...

If not for logical fallacy, leftists would never be in the same galaxy as logic.

Explain to the class what "trickle down economics" is and who has advocated it.

You (dishonestly) claim {
Trickle down economics does a spectacular job increasing deficits.
}

Show where this fictitious system has been used and how it spurred deficits?

Leftists?



Enjoy the read:

The Fallacy and Persistence of “Trickle-Down Economics” - Brown Political Review

In modern capitalism, the rich getting richer has become a regrettable truism; nowhere is this undeniable truth more evident than in the United States’ current tax policy. From the late 20th century onward, overall tax rates on the richest 400 households in the US have plunged, progressively...

brownpoliticalreview.org

Thanks for the link.

The regressive nature of the American tax system today, particularly as it affects wealthy elites, has led poorer households to often pay cumulatively lower rates than their better-off counterparts, due to the positional ability of the rich to take full financial advantage of corporate, estate, and related tax breaks.

Durr

 

[Jets]

So, you glossed over the part discussing why the deficits increased.

Dismissed...

Didn't think so.

You're a lightweight fraud who can't support the leftist talking points he posts.

Your kind is a dime a dozen around here.

And you wouldn’t agree with ANY fact if it clashed with your ideology.

Glad we understand each other.

Puerile partisan name calling just proves you have no counter.

I accept your concession.

 

[Jets]

Good, prove my statement incorrect.

I‘ll wait...

If not for logical fallacy, leftists would never be in the same galaxy as logic.

Explain to the class what "trickle down economics" is and who has advocated it.

You (dishonestly) claim {
Trickle down economics does a spectacular job increasing deficits.
}

Show where this fictitious system has been used and how it spurred deficits?

Leftists?



Enjoy the read:

The Fallacy and Persistence of “Trickle-Down Economics” - Brown Political Review

In modern capitalism, the rich getting richer has become a regrettable truism; nowhere is this undeniable truth more evident than in the United States’ current tax policy. From the late 20th century onward, overall tax rates on the richest 400 households in the US have plunged, progressively...

brownpoliticalreview.org

Thanks for the link.

The regressive nature of the American tax system today, particularly as it affects wealthy elites, has led poorer households to often pay cumulatively lower rates than their better-off counterparts, due to the positional ability of the rich to take full financial advantage of corporate, estate, and related tax breaks.

Durr

Glossed over the part about the deficits.

Thanks for agreeing with my link.

 

[Dirk the Daring]

There's only ONE person 'keeping you in poverty.' And it's NOT your employer...

As I said before its not about me. I haven't worked a minimum wage job in 30 years.
People need a liveable wage. Period.

It's not an employer's responsibility to pay their employee a living wage. They are ONLY responsible for paying their employee the amount of value that they bring to their job.

 

[Toddsterpatriot]

Good, prove my statement incorrect.

I‘ll wait...

If not for logical fallacy, leftists would never be in the same galaxy as logic.

Explain to the class what "trickle down economics" is and who has advocated it.

You (dishonestly) claim {
Trickle down economics does a spectacular job increasing deficits.
}

Show where this fictitious system has been used and how it spurred deficits?

Leftists?



Enjoy the read:

The Fallacy and Persistence of “Trickle-Down Economics” - Brown Political Review

In modern capitalism, the rich getting richer has become a regrettable truism; nowhere is this undeniable truth more evident than in the United States’ current tax policy. From the late 20th century onward, overall tax rates on the richest 400 households in the US have plunged, progressively...

brownpoliticalreview.org

Thanks for the link.

The regressive nature of the American tax system today, particularly as it affects wealthy elites, has led poorer households to often pay cumulatively lower rates than their better-off counterparts, due to the positional ability of the rich to take full financial advantage of corporate, estate, and related tax breaks.

Durr

Glossed over the part about the deficits.

Thanks for agreeing with my link.

Thanks for agreeing with my link.

It's rare that one of your links gets anything right.

DURR!

 

[Uncensored2008]

And you wouldn’t agree with ANY fact if it clashed with your ideology.

Glad we understand each other.

Puerile partisan name calling just proves you have no counter.

I accept your concession.

I tore the first few paragraphs of your link to shreds piece by piece.

But noted again, you just toss out a google result, incapable of offering your own arguments or supporting your own contentions.

 

[Oldestyle]

Good, prove my statement incorrect.

I‘ll wait...

If not for logical fallacy, leftists would never be in the same galaxy as logic.

Explain to the class what "trickle down economics" is and who has advocated it.

You (dishonestly) claim {
Trickle down economics does a spectacular job increasing deficits.
}

Show where this fictitious system has been used and how it spurred deficits?

Leftists?



Enjoy the read:

The Fallacy and Persistence of “Trickle-Down Economics” - Brown Political Review

In modern capitalism, the rich getting richer has become a regrettable truism; nowhere is this undeniable truth more evident than in the United States’ current tax policy. From the late 20th century onward, overall tax rates on the richest 400 households in the US have plunged, progressively...

brownpoliticalreview.org

You do realize that's a publication by a bunch of college students at Brown? Could you at least cite someone who's GRADUATED from a school of higher learning with a degree in Economics or Business?

 

[themirrorthief]

Good, prove my statement incorrect.

I‘ll wait...

If not for logical fallacy, leftists would never be in the same galaxy as logic.

Explain to the class what "trickle down economics" is and who has advocated it.

You (dishonestly) claim {
Trickle down economics does a spectacular job increasing deficits.
}

Show where this fictitious system has been used and how it spurred deficits?

Leftists?



Enjoy the read:

The Fallacy and Persistence of “Trickle-Down Economics” - Brown Political Review

In modern capitalism, the rich getting richer has become a regrettable truism; nowhere is this undeniable truth more evident than in the United States’ current tax policy. From the late 20th century onward, overall tax rates on the richest 400 households in the US have plunged, progressively...

brownpoliticalreview.org

{ The regressive nature of the American tax system today, particularly as it affects wealthy elites, }



SO the author is not only dishonest, but abjectly ignorant.

{ A regressive tax is a tax applied uniformly, taking a larger percentage of income from low-income earners than from high-income earners. It is in opposition to a progressive tax, which takes a larger percentage from high-income earners. }

Okay, so the dude is a fucking liar pushing his socialist agenda in direct contradiction to facts.

That defines most of what the left vomits out.

{ the theory that undergirds this phenomenon, dubbed “trickle-down economics” by its myriad critics, is a macroeconomic fallacy. }

Wait, so those who use the term are actually engaged in ad hominem attacks?

Well, DAYUM.

{ The results of this so-called Reaganomics platform were mixed, as these laissez-faire policies overcame the existing recession but caused the national debt to skyrocket from under $1 trillion in 1981 to roughly $2.9 trillion by 1989. }

Unless of course it was actually defense spending that increased..

But I'm not here to debate some leftist rag. If Matthew Lichtblau wants to join the forum, I'll be happy to take him to the woodshed as the disingenuous fool he is.

So you ran to google, but in no way supported your claims.

Want to try again?

So, you glossed over the part discussing why the deficits increased.

Dismissed...

first show me a time when communism did anythng but destroy an economy

 

[Brain357]

It works great at creating more debt. Trump couldn’t even get a gdp boost this time.

 

[AMart]

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.

View attachment 467430
They get richer and they keep you in poverty.

If you only earn $7.25/hour you're a fucking loser. You should be grateful that we let you survive. You are of no benefit to society. You're a charity case.

We pay people $14.00 to clean office space. No experience needed. That is going market rate.

 

[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.

The federal programs that started after WWII plus increasing black employment due to the end of overt racism created more revenue. Tax cuts have not created wealth during the modern era.

 

[Utilitarian]

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

Tax cuts and deficits aren't mutually inclusive or mutually exclusive. Deficits usually result from rises in spending.

Reagan made the right move in making tax cuts. Where he failed was reining in government spending, but he was also working with a Democratic Congress for most of his time in office.

Ultimately, that's the problem with both parties. You can cut taxes all you like and gain economic growth from it, but if you continually raise spending, the deficits will often outpace the growth in tax revenue.

So, tax cuts shouldn't be your enemy. Increased spending should be. Both parties should focus on spending cuts more than tax cuts.