Open your ears and listen very carefully, not to my words but words uttered by President Trump, and the words not said.
The Dow rose to over 21,000 today, and who did that benefit? Only those who have parked their savings into equities; the result of his words increased the wealth of the investment class overnight, but not those who have been left behind and watched the greatest inequity since the Gilded Age of wealth grow.
Will Trickle Down improve your economic situation? Will it open up new and well paid jobs for the working poor, the middle class and those now in college or recent grads with massive debt?
Will the repeal of the PPACA (notice Trump called it "Obamacare" (for obvious political purpose) and not called it the Patient Protection and Affordable Care Act, and in the process lied about the rise in cost when what came before rose annually too, and left too many behind.
Let's see if The Congress, so concerned with the massive debt, will pass a budget with the "largest military increase in history" cut taxes to business and spent one TRILLION Dollars on our nation's failing infrastructure.
IMO putting a Trillion Dollars into rebuilding, renewing and repairing our nation's infrastructure make sense, but not when taxes are cut and an increase in the military spending also cuts domestic spending (consider what domestic spending will be cut when a trillion is put into fixing our infrastructure? Whose taxes will be cut, what fees will be increased and added, and whose money will be used for all of this?)
First off dumbass, Trickle Down Economics is a Liberal Term for Cronie Capitalism that Obama was using make the RICH much RICHER and the most in poverty ever.
Now what you really need to know is
"Supply Side Economics" , where if you see a need, you fill that need. The more people want an item the cheaper it gets.. What!!! How does this happen....
When an item is created, if someone wants it, they are willing to pay a certain amount for it. If not, then the price of that item will go down. If more people want it the price will go up.
If there isn't enough of the item to go around, then other companies see their opportunity to make a like item and then sell it for less than the original, and then those people who were waiting will come in and buy up those other items. The more the want the more the need to make more. Soon there are plenty of companies to make the competition and prices will go down or the quality goes up. Your side doesn't understand this principle because they don't teach you this in school anymore. You could buy a TV from a US made company a long time ago, and pay 1000's of dollars for it, today with many TV companies competing for you money, you can get a TV for $100.
Supply Side Economics..........Cuba...........Cronie Capitalism/Communism.......Cuba..
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What you just described is the law of supply and demand, not supply side economics.
Supply side economics is the belief that capital investment creates production and jobs, this in turn 'trickles down' money to the workers who use it to purchase the goods and services produced which generates business profits and more capital investment.
In short it's the belief that production creates demand.
Republicans have promoted the idea that tax cuts for the wealthy cause the wealthy to invest which stimulate the supply side cycle.
Unfortunately economics does not work that way. Supply side and trickle down have been total failures.
The reason is that when the wealthy have more money, they tend to invest it in highly secure, low risk, low growth investments - they do not need tremendous profits on their investments because they have such large amounts of money invested that a small percent return on investment is adequate - they prefer low risk.
However, when wealth is more evenly distributed and the wealthy have less money to invest, they are forced to invest in higher risk, higher growth and potentially higher profitable investments. They HAVE to take risk.
The key is that high risk investments tend to be high growth which creates new industries and lots of jobs. Low risk investments tend to be in low growth - OLD - industries and do not tend to create jobs.