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Author Topic:   Trickle Down Economics - Does It Work?
Theodoric
Member
Posts: 9197
From: Northwest, WI, USA
Joined: 08-15-2005
Member Rating: 3.2


Message 135 of 404 (659781)
04-18-2012 4:56 PM
Reply to: Message 134 by New Cat's Eye
04-18-2012 4:47 PM


Re: Not sure what you're seeing
It it didn't trickle down, then wouldn't we expect the top 5% to increase while the median decreases?
Why do you think this should be a result?
That the top 5% increases 100% in the period and the median increases 30% clearly shows it does not work. Look at the increase of both groups before any "trickle down" policies. The numbers were not so wildly different then.
The differences we are seeing now are showing an increasing flight of capital to the top percentages. This clearly shows that trickle down does not work. If this continues where do you see financial classes in 25, 50 or 100 years?
The top percentages are seeing huge increases compared to the median and you still advocate lowering their taxes? Raise the middle's, raise the lower? Cut all social programs but keep all military? Where does the military get bodies if education and social programs is cut to the bone? Outsource it?

Facts don't lie or have an agenda. Facts are just facts

This message is a reply to:
 Message 134 by New Cat's Eye, posted 04-18-2012 4:47 PM New Cat's Eye has replied

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 Message 136 by New Cat's Eye, posted 04-18-2012 5:05 PM Theodoric has not replied

  
Theodoric
Member
Posts: 9197
From: Northwest, WI, USA
Joined: 08-15-2005
Member Rating: 3.2


(2)
Message 152 of 404 (659821)
04-19-2012 12:05 AM
Reply to: Message 146 by Percy
04-18-2012 8:29 PM


Re: A closer look...
Many of the poor don't even work.
Do you have anything to back this statement? Would you like to quantify "many" and "poor". Let us know what you mean statistically by this blatantly wild ass statement.
I can counter that with this statement.
Many of the rich do not work.
Non-participants in the economy cannot benefit from an improving economy, regardless of whether rising or falling tax rates were the cause.
Please show how the poor are non-participants in the economy. This statement is extremely ludicrous and outright offensive. Of course the poor participate in the economy.
Edited by Theodoric, : clarified

Facts don't lie or have an agenda. Facts are just facts

This message is a reply to:
 Message 146 by Percy, posted 04-18-2012 8:29 PM Percy has replied

Replies to this message:
 Message 159 by Percy, posted 04-19-2012 9:13 AM Theodoric has replied

  
Theodoric
Member
Posts: 9197
From: Northwest, WI, USA
Joined: 08-15-2005
Member Rating: 3.2


(1)
Message 163 of 404 (659854)
04-19-2012 9:52 AM
Reply to: Message 159 by Percy
04-19-2012 9:13 AM


Re: A closer look...
So poor children as you say are
Percy writes:
Non-participants in the economy cannot benefit from an improving economy, regardless of whether rising or falling tax rates were the cause.
The benefits their parents receive from an improving economy cannot benefit them?
Your argument is getting even more ludicrous. Lets look at other people you would lump into this.
Retirees, stay at home parents, non-working college students.
Do you think the children of the wealthy are "non-participants in the economy cannot benefit from an improving economy, regardless of whether rising or falling tax rates were the cause"?
The benefits their parents receive from an improving economy cannot benefit them?
ABE
Oh yeah you failed to address the rest of my post.
Many of the rich do not work.
Please show how many of the poor are non-participants in the economy.
Edited by Theodoric, : No reason given.

Facts don't lie or have an agenda. Facts are just facts

This message is a reply to:
 Message 159 by Percy, posted 04-19-2012 9:13 AM Percy has replied

Replies to this message:
 Message 186 by Percy, posted 04-19-2012 8:16 PM Theodoric has not replied

  
Theodoric
Member
Posts: 9197
From: Northwest, WI, USA
Joined: 08-15-2005
Member Rating: 3.2


Message 189 of 404 (659962)
04-19-2012 11:17 PM
Reply to: Message 181 by hooah212002
04-19-2012 4:04 PM


Working as a child
Did your parents take money from you when you were a teenager to pay household bills? Did your income count towards the "household" income?
I started working at 12 an I contributed part of my paycheck to the household. We were poor. My father worked 60 hours a week and until 1980 never made more than $18,000/year. After that when iw as in college he finished his education and had enough experience that he could get a good paying job. He maxed out about $60k when he retired at 72.
Guess I would have made Newt proud. Cause in college I cleaned the dishes and toilets of the other students I went to school with.
T o make it clear my parents never took money from me. It was just what was expected and right. I have never thought of it as them taking my money, but my contribution to the family.

Facts don't lie or have an agenda. Facts are just facts

This message is a reply to:
 Message 181 by hooah212002, posted 04-19-2012 4:04 PM hooah212002 has seen this message but not replied

Replies to this message:
 Message 191 by Phat, posted 04-20-2012 7:24 AM Theodoric has replied

  
Theodoric
Member
Posts: 9197
From: Northwest, WI, USA
Joined: 08-15-2005
Member Rating: 3.2


Message 192 of 404 (660001)
04-20-2012 8:42 AM
Reply to: Message 191 by Phat
04-20-2012 7:24 AM


Re: Working as a child
In 1980 I was 20 years old. The 18k does not reflect my childhood. At that time my father was moving up the ranks. I used the date and amount to give a perspective of moving forward. Do you think 50k for a family of 6 is upper middle class?
I suppose that poor is a matter of perspective.
I suppose judging other peoples experiences with a tiny bit of info is stupid.

Facts don't lie or have an agenda. Facts are just facts

This message is a reply to:
 Message 191 by Phat, posted 04-20-2012 7:24 AM Phat has not replied

Replies to this message:
 Message 193 by hooah212002, posted 04-20-2012 8:57 AM Theodoric has not replied

  
Theodoric
Member
Posts: 9197
From: Northwest, WI, USA
Joined: 08-15-2005
Member Rating: 3.2


(1)
Message 389 of 404 (660668)
04-28-2012 8:16 AM
Reply to: Message 384 by Chuck77
04-28-2012 4:43 AM


will squander it
You have no clue how the economic system works do you? The non-rich spending money is much more stimulative than the rich saving money.
If you studied the subjects you try to "discuss" a little before you said something maybe , just maybe, someone would take one of your posts seriously.
BTW
That is not an insult. It is an observation made after careful analysis of your posts.
ABE
Not-rich does not equal poor.
Edited by Theodoric, : No reason given.

Facts don't lie or have an agenda. Facts are just facts

This message is a reply to:
 Message 384 by Chuck77, posted 04-28-2012 4:43 AM Chuck77 has not replied

  
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