‘Trickle-down’ tax cuts make the rich richer but are of no value to overall economy, study finds

[Thinker101]

https://www.washingtonpost.com/business/2020/12/23/tax-cuts-rich-trickle-down/

Creating more debt and giving more to the uber rich

Wow, someone sure seems to want to be more equal with the slugs that don't want to work.

 

[bripat9643]

Study is from the London school of economics.

Here's a link to someone besides wapo.

Huge new study shows trickle-down economics makes inequality worse, researchers say

The concept of cutting taxes to generate more revenue was a key foundation of Reaganomics.

thehill.com

Thanks for a non-pay walled source.

But you still failed to explain this "trickle down economics" you speak of.

Edit: What utter pablum. About what I expect from the moron left. The only thing of value in the babble was the acknowledgment that "Trickle Down" is a phrase Will Rogers used in a comedy skit and has no relation to any school or principle of economics.

"trickle down" is a euphemism leftwingers created that literally means "the free market."

 

[bripat9643]

A study by WAPO and some commie professors?

It's nothing but propaganda, of course.

ChiCom Creepy posted a non-pay walled version.

Huge new study shows trickle-down economics makes inequality worse, researchers say

The concept of cutting taxes to generate more revenue was a key foundation of Reaganomics.

thehill.com

It's laughably childish - big bright colors like a comic book to excite the leftists, with nothing but childish slogans behind it.

Notice that there's no reference to the institution or people who did the so-called "study."

 

[AMart]

https://www.washingtonpost.com/business/2020/12/23/tax-cuts-rich-trickle-down/

Creating more debt and giving more to the uber rich

There is no such thing as trickle down tax cuts. The debt is due to out of control spending. You could tax all of the wealthy people at 100% and it would not put a dent in the debt.

 

[Bass v 2.0]

https://www.washingtonpost.com/business/2020/12/23/tax-cuts-rich-trickle-down/

Creating more debt and giving more to the uber rich

There is no such thing as trickle down tax cuts. The debt is due to out of control spending. You could tax all of the wealthy people at 100% and it would not put a dent in the debt.

The debt is due to lack of revenue coming in period as those tax cuts produce no revenue and have not led to more people getting more money besides the rich.

 

[AMart]

https://www.washingtonpost.com/business/2020/12/23/tax-cuts-rich-trickle-down/

Creating more debt and giving more to the uber rich

There is no such thing as trickle down tax cuts. The debt is due to out of control spending. You could tax all of the wealthy people at 100% and it would not put a dent in the debt.

The debt is due to lack of revenue coming in period as those tax cuts produce no revenue and have not led to more people getting more money besides the rich.

No the debt is due to out of control spending way beyond whatever gubmint could bring in on income taxes. It doesn't matter if you tax wealthy folks at 30 or 40 or 100% of their income it will not put a dent in the debt. Wealthy folks would just off shore their money/income/move etc.

 

[martybegan]

https://www.washingtonpost.com/business/2020/12/23/tax-cuts-rich-trickle-down/

Creating more debt and giving more to the uber rich

There is no such thing as trickle down tax cuts. The debt is due to out of control spending. You could tax all of the wealthy people at 100% and it would not put a dent in the debt.

The debt is due to lack of revenue coming in period as those tax cuts produce no revenue and have not led to more people getting more money besides the rich.

Deficit is the yearly "red" due to spending more than you take in.

Debt is the cumulative total of what is owed.

and spending more than you take in is more of a function of what you spend than what you take in, because what you spend is far easier to fix.

 

[Toddsterpatriot]

https://www.washingtonpost.com/business/2020/12/23/tax-cuts-rich-trickle-down/

Creating more debt and giving more to the uber rich

There is no such thing as trickle down tax cuts. The debt is due to out of control spending. You could tax all of the wealthy people at 100% and it would not put a dent in the debt.

The debt is due to lack of revenue coming in period as those tax cuts produce no revenue and have not led to more people getting more money besides the rich.

No the debt is due to out of control spending way beyond whatever gubmint could bring in on income taxes. It doesn't matter if you tax wealthy folks at 30 or 40 or 100% of their income it will not put a dent in the debt. Wealthy folks would just off shore their money/income/move etc.

It doesn't matter if you tax wealthy folks at 30 or 40 or 100% of their income it will not put a dent in the debt.

Dana already agreed that tax rates should be higher, but it won't raise revenue.

The solution is high taxes on high wages.

Not expecting to collect taxes but to keep greed in check.


‘Trickle-down’ tax cuts make the rich richer but are of no value to overall economy, study finds | Page 2 | US Message Board - Political Discussion Forum

 

[iamwhatiseem]

People have only been using that phrase to describe republican gifts to the wealthy for 30 years.

How did you miss it?

How did you miss the fact Obama did this more than any other President in History... exponentially.
And don't give me that "he saved the economy" bullshit... no. His administration continued to funnel upwards of $70 BILLION per MONTH to wealthy corporations and investment banks all the way to 2014. Despite the fact these companies were making record profits.
You miss that?

 

[Crepitus]

People have only been using that phrase to describe republican gifts to the wealthy for 30 years.

How did you miss it?

Leftists have used it, yet they can never define what it means. Lefty hack Mac1958 at least pointed to Arthur Laffer, though he misrepresented and distorted what the Laffer Curve is.

Leftist bleat rote dogma with zero grasp what it means.

You can no more explain what "trickle down ecomomics" is than my dog can recite the periodic table.


Further, that laughably lame article the OP references notes that the phrase in fact goes back to the 1920's with Will Rogers defaming Herbert Hoover.

Oh please, the concept is so simple even you can understand it with a little effort.

Trickle down economics is simply the belief that if you make the wealthy wealthier they will pass it down the chain to the mess wealthy, wether by direct purchases (spending increases economic activity) or by investing in expanding existing businesses or starting new ones.

There are several problems with this, the most notable being that they usually don't spend or invest it.

 

[Crepitus]

https://www.washingtonpost.com/business/2020/12/23/tax-cuts-rich-trickle-down/

Creating more debt and giving more to the uber rich

Studies have been finding that since good old Ronny Raygun.

Don't expect the republicans to pay any attention.

You mean commies have been publishing propaganda that says it. That's what the word "study" means.

Liberal Dictionary:
===============================

Study - Leftwing propaganda

Don't be stupider than.....
Oh, it's you.

Carry on.

 

[martybegan]

People have only been using that phrase to describe republican gifts to the wealthy for 30 years.

How did you miss it?

Leftists have used it, yet they can never define what it means. Lefty hack Mac1958 at least pointed to Arthur Laffer, though he misrepresented and distorted what the Laffer Curve is.

Leftist bleat rote dogma with zero grasp what it means.

You can no more explain what "trickle down ecomomics" is than my dog can recite the periodic table.


Further, that laughably lame article the OP references notes that the phrase in fact goes back to the 1920's with Will Rogers defaming Herbert Hoover.

Oh please, the concept is so simple even you can understand it with a little effort.

Trickle down economics is simply the belief that if you make the wealthy wealthier they will pass it down the chain to the mess wealthy, wether by direct purchases (spending increases economic activity) or by investing in expanding existing businesses or starting new ones.

There are several problems with this, the most notable being that they usually don't spend or invest it.

So they do this?

 

[Crepitus]

People have only been using that phrase to describe republican gifts to the wealthy for 30 years.

How did you miss it?

How did you miss the fact Obama did this more than any other President in History... exponentially.
And don't give me that "he saved the economy" bullshit... no. His administration continued to funnel upwards of $70 BILLION per MONTH to wealthy corporations and investment banks all the way to 2014. Despite the fact these companies were making record profits.
You miss that?

What makes you think I was a fan of that?

 

[Uncensored2008]

Oh please, the concept is so simple even you can understand it with a little effort.

Trickle down economics is simply the belief that if you make the wealthy wealthier they will pass it down the chain to the mess wealthy, wether by direct purchases (spending increases economic activity) or by investing in expanding existing businesses or starting new ones.

There are several problems with this, the most notable being that they usually don't spend or invest it.

BWAHAHAHAHAHAHAHAHA

And who believes your bullshit?

You make up an absurd "belief" that you paint onto cartoon cutouts.

No economist in history has advocated anything remotely like the idiocy you spew.


So to recap; "trickle down" is a bullshit term invented by leftists to paint a caricature of capitalism in a clumsy attempt to defame market forces.

 

[Toddsterpatriot]

People have only been using that phrase to describe republican gifts to the wealthy for 30 years.

How did you miss it?

Leftists have used it, yet they can never define what it means. Lefty hack Mac1958 at least pointed to Arthur Laffer, though he misrepresented and distorted what the Laffer Curve is.

Leftist bleat rote dogma with zero grasp what it means.

You can no more explain what "trickle down ecomomics" is than my dog can recite the periodic table.


Further, that laughably lame article the OP references notes that the phrase in fact goes back to the 1920's with Will Rogers defaming Herbert Hoover.

Oh please, the concept is so simple even you can understand it with a little effort.

Trickle down economics is simply the belief that if you make the wealthy wealthier they will pass it down the chain to the mess wealthy, wether by direct purchases (spending increases economic activity) or by investing in expanding existing businesses or starting new ones.

There are several problems with this, the most notable being that they usually don't spend or invest it.

There are several problems with this, the most notable being that they usually don't spend or invest it.

What are the other choices for saved money?

 

[Crepitus]

Oh please, the concept is so simple even you can understand it with a little effort.

Trickle down economics is simply the belief that if you make the wealthy wealthier they will pass it down the chain to the mess wealthy, wether by direct purchases (spending increases economic activity) or by investing in expanding existing businesses or starting new ones.

There are several problems with this, the most notable being that they usually don't spend or invest it.

BWAHAHAHAHAHAHAHAHA

And who believes your bullshit?

You make up an absurd "belief" that you paint onto cartoon cutouts.

No economist in history has advocated anything remotely like the idiocy you spew.


So to recap; "trickle down" is a bullshit term invented by leftists to paint a caricature of capitalism in a clumsy attempt to defame market forces.

You are talking outta yer ass. That's exactly what it is. I do realize republican economists would not describe it in those words. They will say things like "supply side" and "reganomics" but they are the same thing.

 

[Crepitus]

People have only been using that phrase to describe republican gifts to the wealthy for 30 years.

How did you miss it?

Leftists have used it, yet they can never define what it means. Lefty hack Mac1958 at least pointed to Arthur Laffer, though he misrepresented and distorted what the Laffer Curve is.

Leftist bleat rote dogma with zero grasp what it means.

You can no more explain what "trickle down ecomomics" is than my dog can recite the periodic table.


Further, that laughably lame article the OP references notes that the phrase in fact goes back to the 1920's with Will Rogers defaming Herbert Hoover.

Oh please, the concept is so simple even you can understand it with a little effort.

Trickle down economics is simply the belief that if you make the wealthy wealthier they will pass it down the chain to the mess wealthy, wether by direct purchases (spending increases economic activity) or by investing in expanding existing businesses or starting new ones.

There are several problems with this, the most notable being that they usually don't spend or invest it.

There are several problems with this, the most notable being that they usually don't spend or invest it.

What are the other choices for saved money?

Saved. That's the word you're looking for.

 

[bripat9643]

https://www.washingtonpost.com/business/2020/12/23/tax-cuts-rich-trickle-down/

Creating more debt and giving more to the uber rich

There is no such thing as trickle down tax cuts. The debt is due to out of control spending. You could tax all of the wealthy people at 100% and it would not put a dent in the debt.

The debt is due to lack of revenue coming in period as those tax cuts produce no revenue and have not led to more people getting more money besides the rich.

The deficit is the result of politicians spending every dime the government gets, and then 3 dollars more. The idea that lack of revenue is the problem is utterly absurd.

 

[Uncensored2008]

There are several problems with this, the most notable being that they usually don't spend or invest it.

What are the other choices for saved money?

The Communists truly think this is what the "rich" do with money.

 

[C_Clayton_Jones]

People have only been using that phrase to describe republican gifts to the wealthy for 30 years.

How did you miss it?

Leftists have used it, yet they can never define what it means. Lefty hack Mac1958 at least pointed to Arthur Laffer, though he misrepresented and distorted what the Laffer Curve is.

Leftist bleat rote dogma with zero grasp what it means.

You can no more explain what "trickle down ecomomics" is than my dog can recite the periodic table.


Further, that laughably lame article the OP references notes that the phrase in fact goes back to the 1920's with Will Rogers defaming Herbert Hoover.

Oh please, the concept is so simple even you can understand it with a little effort.

Trickle down economics is simply the belief that if you make the wealthy wealthier they will pass it down the chain to the mess wealthy, wether by direct purchases (spending increases economic activity) or by investing in expanding existing businesses or starting new ones.

There are several problems with this, the most notable being that they usually don't spend or invest it.

Correct.

They use the windfall to increase profits and enrich investors, not to create jobs.