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Author Topic:   Trickle Down Economics - Does It Work?
Chuck77
Inactive Member


Message 95 of 404 (659578)
04-17-2012 12:08 AM


trickle down effect
Anyone here ever buy a used car? Ever? If you have you are enjoying the benefits of "trickle down effect". Do the rich buy used cars? No, they don't. When they end up selling or trading that not so new anymore car it's sold as used. That's "trickle down effect". It happens and it works. People who can't afford a brand new car buy a used one they can afford thanks to the better off person who bought the new one. That's trickle down. To say it doesn't happen or doesn't work is not at all accurate.
There are lots more examples than this and of course there are exceptions to the above example but hopefully you get the point.
Not to mention the added labor, parts, employment from the rich buying the things others cannot until it's sold as used. All trickle down.
Edited by Chuck77, : No reason given.
Edited by Chuck77, : No reason given.

Replies to this message:
 Message 97 by Tangle, posted 04-17-2012 3:49 AM Chuck77 has not replied
 Message 102 by NoNukes, posted 04-17-2012 10:49 AM Chuck77 has replied
 Message 105 by Dr Adequate, posted 04-17-2012 2:11 PM Chuck77 has replied

  
Chuck77
Inactive Member


Message 231 of 404 (660119)
04-21-2012 6:43 AM
Reply to: Message 105 by Dr Adequate
04-17-2012 2:11 PM


Re: Would You Buy A Used Car From Chuck77?
In the first place, that's not what "trickle down" means.
According to who?
In the second place, following your own argument, I would be better off if rich people had less money and bought cheaper cars. At present, I cannot afford to buy the second hand car of a rich man. I am never going to be able to buy a second hand BMW or Aston Martin, that's still out of my price range.
Where in my post do you see me name those makers of cars? I said new cars.
If taxes had been so high ten years ago that all the rich man could afford was a cheap Toyota without air-conditioning, and if taxes had been so high for the last ten years that he hasn't been able to afford to change his car between then and now, when he finally upgrades, then today I might just be able to buy his ten-year-old Toyota, and his wealth would in fact have benefited me in the way that you suggest.
Not really. The rich would still buy new cars, it's just they wouldn't be pumping as much money into the economy if they were taxed more. They would be fine, and you would be worse off. Maybe if they didn't tax the rich so much you would have a better paying job at some nice factory one of the rich peoples opened before the taxing came. More taxes, no trickle down.
So if you were to tax the [expletive] out of the rich, then in ten years' time I might be able to afford the cast-offs of a rich man, or what would be a rich man if you hadn't made him not rich through punitive taxation. Otherwise, not so much.
Heheh. Not really. If they didn't tax the rich, you might have a nicer car because of it because you might be working at that new factory.

This message is a reply to:
 Message 105 by Dr Adequate, posted 04-17-2012 2:11 PM Dr Adequate has replied

Replies to this message:
 Message 240 by Dr Adequate, posted 04-21-2012 3:33 PM Chuck77 has not replied

  
Chuck77
Inactive Member


Message 233 of 404 (660123)
04-21-2012 7:03 AM
Reply to: Message 102 by NoNukes
04-17-2012 10:49 AM


Re: Nope. That's not trickle down.
Hi NoNukes. I'm glad I could draw you out of lurking mode to "have a little fun" with my post.
I've read this several times to see if I've missed a joke. I don't think I have.
I'm honored to have had you read one of my posts several times.
You are describing the "hand me down" effect and not the trickle down effect.
Huh? The people that buy used cars who arent rich have jobs don't they? Those jobs created my the rich help them to afford the cars also bought by the rich. That's trickle down.
Trickle down would be when the rich man uses his money to buy a Rolls at a dealership, and then hires a driver and employs a mechanic. The car dealer, the driver, and mechanic are benefiting from trickle down economics created by the rich man's wealth.
That's one side of trickle down, sure.
But I'm never going to own that previously own Rolls. There is some trickle down economics associated with every sale, but getting to buy used stuff from rich people is not trickle down.
It is if you have a job because of the rich people forwarding the country pumping money into it by means of business, labor, jobs that they created and you get to also buy the news cars they don't want anymore instead of a winter beater. It's all trickle down.
And one might well ask whether just giving 100 guys like me some money and allowing us to buy new Vegas would not stimulate the economy just as much as giving one rich person enough money to buy a Rolls. Why does stuff have to pass through Bill Gates and Oprah's hands before I get it?
No no...the rich are smarter with money than the no so rich. That's how most of them got to where they are. They know how to take money and make more money with it, while at the same time, spread it around so the country is better off for it.
Giving the not so rich person a bunch of money and it's "me me me me me". Giving it to the rich (or not taking it from them in taxes) benefits everyone instead of just individuals for a certain period of time. Less tax on the rich, more stimulus. More tax on the rich, less stimulus.

This message is a reply to:
 Message 102 by NoNukes, posted 04-17-2012 10:49 AM NoNukes has seen this message but not replied

  
Chuck77
Inactive Member


Message 384 of 404 (660650)
04-28-2012 4:43 AM


Let's just spread the wealth around to everyone throughout the whole country. Then, for a few months, everyone will be ok. After a while, the wealth will be tranfered back over to the rich, because they know how to spread it around, feed and stimulate the economy, while the not so rich, will squander it.
Trickle down isn't just material. It's a mentality also. Socialism isn't the answer to spreading the wealth. Learning how to handle finances and making it work for you (like the rich do) will stimulate the economy more than trying to even the field in regards to taxing the rich more IMO.
Is there anyone here that agrees that there is a certain mentality involved here?

Replies to this message:
 Message 385 by Dr Adequate, posted 04-28-2012 4:50 AM Chuck77 has replied
 Message 389 by Theodoric, posted 04-28-2012 8:16 AM Chuck77 has not replied

  
Chuck77
Inactive Member


Message 386 of 404 (660654)
04-28-2012 5:16 AM
Reply to: Message 385 by Dr Adequate
04-28-2012 4:50 AM


Hi Dr Adequate. Please see my "Top Ten signs your a foolish atheist" thread will you. I think you'll like it. You may be able to even see yourself in some of the top ten. If you have a hard time recognizing which one's let me know, and i'll point them out to you.
Other than that, do you have anything in relation to my post to comment on?

This message is a reply to:
 Message 385 by Dr Adequate, posted 04-28-2012 4:50 AM Dr Adequate has replied

Replies to this message:
 Message 387 by Dr Adequate, posted 04-28-2012 5:39 AM Chuck77 has not replied

  
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