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Author Topic:   Trickle Down Economics - Does It Work?
xongsmith
Member
Posts: 2587
From: massachusetts US
Joined: 01-01-2009
Member Rating: 7.0


Message 335 of 404 (660503)
04-26-2012 12:31 PM
Reply to: Message 325 by crashfrog
04-26-2012 8:37 AM


Re: Correcting Misapprehensions about the Rich
Crash - focus only on that part of the plot that corresponds to the Reagan years (1981-1988) - it's the only segment that is roughly flat. Percy was only referring to that segment with his characterization of "flat".
Note that the steepest segment of the curve is the very last part - well within the Obama years.
A lot of people in this thread seems to have misconstrued Percy's statement that wealth trickles down. He is basically arguing that the value of the trickle-down economic is similar to a simple equation:
Value = A - B
When he says that trickle-down happens, he is merely stating that A is greater than zero. He says nothing in that moment about B, which is the detrimental aspect of the equation. He has later abundantly demonstrated, that, in his opinion, B > A, so that the total value of trickle-down economic theory is negative.

- xongsmith, 5.7d

This message is a reply to:
 Message 325 by crashfrog, posted 04-26-2012 8:37 AM crashfrog has replied

Replies to this message:
 Message 338 by crashfrog, posted 04-26-2012 4:24 PM xongsmith has replied

  
xongsmith
Member
Posts: 2587
From: massachusetts US
Joined: 01-01-2009
Member Rating: 7.0


Message 336 of 404 (660506)
04-26-2012 12:44 PM
Reply to: Message 322 by Percy
04-26-2012 7:33 AM


Re: Correcting My Misapprehensions about the plot
Percy reposts the plot:
Look again at the line for productivity growth during the Reagan years:
It's flat.
Ah! Wait - Crash, I apologize. The X-axis is HORRIBLY presented in slanting numbers that are shifted left. The flat period seems to be shared by Carter & Reagan's first term.
Poor Gerald Ford!
Edited by xongsmith, : period

- xongsmith, 5.7d

This message is a reply to:
 Message 322 by Percy, posted 04-26-2012 7:33 AM Percy has replied

Replies to this message:
 Message 344 by Percy, posted 04-27-2012 5:32 AM xongsmith has not replied

  
xongsmith
Member
Posts: 2587
From: massachusetts US
Joined: 01-01-2009
Member Rating: 7.0


Message 340 of 404 (660537)
04-26-2012 5:39 PM
Reply to: Message 338 by crashfrog
04-26-2012 4:24 PM


Re: Flat?
See my apology in Message 336.
Sorry.

- xongsmith, 5.7d

This message is a reply to:
 Message 338 by crashfrog, posted 04-26-2012 4:24 PM crashfrog has seen this message but not replied

  
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