), in it's simplest form, states that higher tax rates don't necessarily translate into more money for the government. There is some truth in that statement. But like nearly everything else that's come out of the misguided Reagan Revolution, it's gotten ever so slightly twisted to mean that lower taxes equals more growth which equals the government taking in at least as much and probably more money. In other words a perpetual money machine. Or to put it another way, a magic ATM machine that never runs out of money and never needs to be refilled.
So sorry but what you described is not trickle down economics. I assume you're a 99 percenter. What you described is a 99 percenter hiring out work to other 99 percenters. That's not trickle down, that's just getting work done around the house.
The sick joke that is/was trickle down economics was really the start of class warfare in this country. The 1-percenters declared war on us 99-percenters, but as is the style in this day and age they did it with a lot of advertising agency style packaging.
We absolve them, the filthy rich, of most of their social responsibilities, including paying taxes and the benefits will trickle down to us in magical ways. There will be more and better paying jobs (Do I really need to talk about outsourcing to Asia at this point to expose that lie? I didn't think so.) .
Trickle Down economics was all the rage just a few years ago and as it became obvious that we'd been had they backtracked a bit and just started calling the filthy rich The Job Creators because they saw how slow we were to catching on to where in the world the jobs were being created.
Is it just my imagination (I honestly can't stomach more than a few minutes of Fox at a single sitting so I honestly don't know), or has Fox finally given up and that sick charade?
Oh, by the way LOS, you're in SE Michigan, right? I heard something about them privatizing fire departments in your area, getting that vital service out of the hands of the elitest gubment and back into the hands of the people, like it should be. Starting on the 4th, tomorrow, should you have a fire just go to the webpage and submit an application for credit and someone will contact you (usually within 24 hours I'm told) and discuss with you the details of your fire and how they can best serve you. Keep a credit card handy. Oh, and they'll want pictures of the fire so they can decide if it would be profitable to respond at all. You do know I'm joking, right?
Rather than accuse me, yet again, of not knowing anything about economics, why don't you take a crack at explaining what trickle down economics is and maybe you'd even like to explain how it's benefited the American people?
I'll give you a hint: you should probably start with an explanation of the supply side approach to economics.
So sorry but what you described is not trickle down economics. I assume you're a 99 percenter. What you described is a 99 percenter hiring out work to other 99 percenters. That's not trickle down, that's just getting work done around the house.
The sick joke that is/was trickle down economics was really the start of class warfare in this country. The 1-percenters declared war on us 99-percenters, but as is the style in this day and age they did it with a lot of advertising agency style packaging.
We absolve them, the filthy rich, of most of their social responsibilities, including paying taxes and the benefits will trickle down to us in magical ways. There will be more and better paying jobs (Do I really need to talk about outsourcing to Asia at this point to expose that lie? I didn't think so.) .
Trickle Down economics was all the rage just a few years ago and as it became obvious that we'd been had they backtracked a bit and just started calling the filthy rich The Job Creators because they saw how slow we were to catching on to where in the world the jobs were being created.
Is it just my imagination (I honestly can't stomach more than a few minutes of Fox at a single sitting so I honestly don't know), or has Fox finally given up and that sick charade?
Oh, by the way LOS, you're in SE Michigan, right? I heard something about them privatizing fire departments in your area, getting that vital service out of the hands of the elitest gubment and back into the hands of the people, like it should be. Starting on the 4th, tomorrow, should you have a fire just go to the webpage and submit an application for credit and someone will contact you (usually within 24 hours I'm told) and discuss with you the details of your fire and how they can best serve you. Keep a credit card handy. Oh, and they'll want pictures of the fire so they can decide if it would be profitable to respond at all. You do know I'm joking, right?
Think they found out the one percent are creating jobs. With regards to "Reaganomics, it would be my assumption that since you have issues with "trickle down", you subscribe to the Keynesian theory. In other words, you want the government to control everything verses the private sector. While it has some faults, Reaganomics has proven to be successful in many regards and the Keynesian plan really hasn't. We are basically using it now and look at the mess you got. Any success it does show is an illusion. That is part of the reason you have a 17 trillion dollar debt. Of course two wars didn't help, but that is not the bulk of the debt.You will find plenty of debate on it surrounding the "occupy movement". Wonder whatever happened to that?
Anyone who read the article/study would have noticed it referenced the actual results of economic policies put in place after serious economic downturns. All these recoveries were substantially better than what we've experienced over the past 6 years.
That's probably the most nonsensical statement ever posted, with absolutely no data to support it. Also, what's Fox News got to do with any of this?The Laffer curve (originally developed by Muslims btw, you might want to alert Fox to that detail
There's trashing Fox News again - is that all you've got to offer? This whole post/response was nothing but vapid, unsubstantiated liberal talking points. One would think that anyone who is actually an independent businessman - like an expedite driver - would completely understand the concept of lower taxes coming out of your profits and less govt regulation and interference with the operation of your business. I wonder how many expedite drivers make a living hauling most of their freight for large, profitable corporations or smaller companies that do contract work for those big hitters? Some people understand economics, some don't.
Anyone who read the article/study would have noticed it referenced the actual results of economic policies put in place after serious economic downturns. All these recoveries were substantially better than what we've experienced over the past 6 years.
That's probably the most nonsensical statement ever posted, with absolutely no data to support it. Also, what's Fox News got to do with any of this?
There's trashing Fox News again - is that all you've got to offer? This whole post/response was nothing but vapid, unsubstantiated liberal talking points. One would think that anyone who is actually an independent businessman - like an expedite driver - would completely understand the concept of lower taxes coming out of your profits and less govt regulation and interference with the operation of your business. I wonder how many expedite drivers make a living hauling most of their freight for large, profitable corporations or smaller companies that do contract work for those big hitters? Some people understand economics, some don't.
Don't be so quick to forget that the financial meltdown was made possible, and prodded along, by Barney Frank and his esteemed colleagues who set the rules for Wall Street, and on Clinton when he ensured that the chicken in every pot would be on a stove within the home you own, whether you could afford it or not.
I must say, "impossible to find anything but good news in the report," is a very popular phrase, word for word, all over the Internet these last few days. It's pretty funny how so many different people managed to come up with the same, exact phrasing all on their own. Be that as it may... Almost impossible, perhaps, especially if you stop reading after the 4th paragraph like most people, or when the not-so-good news is presented as being pretty good, like it's once again "unchanged" or something else that's not technically OMG bad. But when you get down to the labor force participation rate (people working or actively looking for work) it's not exactly good news. It's at the lowest it's been since 1978, and has been steadily falling since Obama first got elected. And the employment-to-population ratio (ratio of civilian unemployed to the population) is at a 30 year low and has been flatline for the last 4 years. They even proclaim that average hourly wages grew 2% year over year, which was better than the 1.9% increase that had been expected, and say that's a good thing, because 2% is certainly better than 1.9%. But 2% is dismal compared to the 4.2% it averaged between 1984 and 2008, and it paltry compared to the 7.5% it averaged between 1970 and 1983.
