Does anyone really think Trickle down ecomincs works?

Question

It did not work with Ronnie, It did not work with Daddy Bush and it is not working for Doofus Bush.

Answer 1

CEO's and those with low IQs mostly.

Answer 2

I believe in theory it would only work if the people at the top spent their money in their communities. The problem with the trickle down theory is that people with money don't spend -they save! People without money (the majority) have to spend their money to live- so it is better for the other people living there. It would take for the people with money to care about the people without! As far as the people say that Reagonomics worked- thats a joke...If I remember correctly and I think I do....the wages for the "employed" was very low and I think he started a huge recession! Well depends who you ask I guess...but I lived it and it sucked!

Answer 3

That depends on what you mean by "works." Supply side economics does have the advantage that companies can invest in research and capital equipment (equipment that increases productivity) that increases the gross domestic product and leads to a greater piece of economic pie for everyone. However, supply side theory does not alleviate extreme poverty (not even Reagan claimed that). Also, tax cuts do not pay for themselves as some crackpots claim. There are pros and cons to both Keynesian demand side economics and supply side "trickle down" economics.

Answer 4

bush Senior didn't subscribe to trickle down theory, as soon as he got in office he changed many of Reagan's policy's

as for the theory it never got a chance allot was blocked by congress who refused to cut the necessary spending to allow the effect to work but Reagan at lest reformed some of the tax code and that was a outstanding success

Answer 5

I don't have enough info to know if it truly works.
I do know that if I am paying 20% in taxes people who make 20 times what i make should pay the same amount. It makes no sense to penalize the people who need the money the most and reward those who have more than they need.
Im not asking for hand outs or special treatment. But 20% of $50,000,000 would help the country alot more than 20% of my $30,000. It is simple math.
Politicians should take a vow of dedication to the people they serve and not be alowed any outside income or special interest pay.

Answer 6

it works for the rich, and if you run along behind them maybe a coin will fall out into your hand. In reality it is like bringing back the old days when the lords determined the value all goods and the serfs and freedmen had to accept that sum for their labor. As Justin said Keynes was smart but his model was for a different time like the 30's it worked best as agrarian society with need for large infra structure projects. today it is often wasteful road projects which will not increase productivity and add to economy over time.

Answer 7

Just a Trickle!


Its effect is highly disproportionate and widens the gap between the "haves and haves not." But did you expect anything less from the bunch who like it?

Answer 8

ITs been proven to not work.

Also, Clinton raised taxes for the rich and a boom followed after that. Bush cut taxes for the rich and we got a jobless recovery, declining real wages, and record foreclosures, and of cours massive record budget deficits.....

THE MANTRA OF THE GOP IS TO ALWAYS MAKE SURE THE FAT CATS GET THEIRS FIRST AND UPFRONT....NO MATTER WHAT HAPPENS LATER, EVEN WHEN THE TRICKLE DOES NOT DROP DOWN TO THE REST, AT LEAST THE RICH GOT THEIRS FIRST.....WHICH IS THE MAIN OBJECTIVE.

Answer 9

Contraire it did work in the Reagan era.
Who else in your lifetime cut unemployment by more than 4% in two years time,
who else kept the national debt in check without slashing the hell out of the military budget?
and what about revenue... and tax burden...

The share of the income tax burden by the top 10 percent of taxpayers increased from 48.0 percent in 1981 to 57.2 percent in 1988. Meanwhile, the share of income taxes paid by the bottom 50 percent of taxpayers dropped from 7.5 percent in 1981 to 5.7 percent in 1988.
middle class taxpayers were defined as those between the 50th percentile and the 95th percentile (those earning between $18,367 and $72,735 in 1988). Between 1981 and 1988, the income tax burden of the middle class declined from 57.5 percent in 1981 to 48.7 percent in 1988. This 8.8 percentage point decline in middle class tax burden is entirely accounted for by the increase in taxes of the top one percent.

BTW the Clinton tax plan in 93 resulted in the highest wage earners paying less taxes. Unemployment went back up.

Answer 10

Think what happens when you're out in the forest and piss on a squirrel. It's head gets really wet, and then it runs away real fast (even faster when you kick it). The rest of it's body stays dry.

Answer 11

Works as good as Air balloons do for cross country flights!