What the f--- are you TALKING about "trickle down doesn't work" - it does and it HAS?

Question

http://www.freerepublic.com/focus/f-news/1229294/posts
http://www.nytimes.com/specials/downsize/21cox.html
http://www.bls.gov/opub/mlr/1988/05/art1full.pdf
http://www.frbsf.org/econrsrch/wklyltr/el97-07.html#winners
http://www.dallasfed.org/fed/annual/1999p/ar95.html
http://money.cnn.com/2005/05/25/pf/record_millionaires/index.htm?cnn=yes
http://money.cnn.com/2005/09/28/news/economy/millionaire_survey/index.htm?cnn=yes
http://money.cnn.com/2006/03/28/news/economy/millionaires/?cnn=yes
http://www.heritage.org/Research/Labor/bg1773.cfm

Kookoo - except that it continues to show that it's a "share" of an increasing pie - that in absolute terms that group got more pie, and that membership in that group turns over by more than 85% within a decade - - - the "bottom 20%" are for the most part young people and immigrants just starting out.

Argle your report is conveniently dated 2005 - wages, incomes and tax revenue have climbed dramatically in the two years since.

"yeah but" you are a LIAR. More people are NOT "slipping into poverty" - - - we have IMPORTED 12 MILLION POOR PEOPLE just including those we imported illegally, over the same period in which the number of poor people has increased by between 3 and 4 million. People are moving UP - just being replaced more than 1 for 1 with poor illegal immigrants.

Answer 1

Keep it up - Nice work!

Answer 2

I am amazed at the ignorance of so many here.

Of course Trickle down works. If it hadn't been working all these years, the entire nation would consist of a small ultra wealthy class, and a humongous poor class. The fact that we don't, and the fact that all groups of people are making REAL gains over time means it does.

One merely needs to look at the Census Bureau's Historical Household income data. It clearly shows all groups, including poor, middle class, and rich alike, making gains over the last 10, 20 and 30 years. These gains are AFTER inflation is accounted for. In other words, real income gain.

Yes, some are getting richer faster than others, but there is nothing wrong with that. That is the equity or wealth gap we keep hearing about. The fact that the poor only gain 10% while the rich gain 15% in the same time period.

Answer 3

Any money put into the hands of individuals (or organizations) that will spend it will stimulate the economy. And of course how that money gets spent will depend on whom the money is distributed to.

So we can give tax cuts to the mega wealthy and divert resources toward production of private jets or we can spend the same money on highway construction projects that benefit thousands of people.

We can send one rich kid to Harvard or Yale or send 50 poor kids to a trade school or community college.

We can put money into the hands of those who will use it for their next face lift or we can build hospitals to take care of real health problems.

The same money that's spent landscaping the estates of the wealthy can be spent developing public parks.

The question is not whether making more money available stimulates the economy. The question is how can we do that fairly.

Personally I don't think Bush's welfare for the wealthy is the way to go, but then I'm not a multimillionaire.

Ditto with the war. Building expensive equipment and then blowing it up stimulates the economy but the higher GDP certainly does not mean that people are better off. Au contraire.

Answer 4

Your trickle down wealth theory is just that .
Nothing trickles down from the rich to the poor .
No matter what kind of tax cut nothing gets transfered from the pockets of the rich to the poor .

The only thing you state that makes any sense is that as people get older they have more wealth .

This is due in large part to acquiring the inherited wealth of their parents .

You can look at welfare and see that generation after generation is locked into this program .

They never get trickled on do they .

No wealth to pass down means no trickle happens .

You are right only in that the less taxes that are taken from those who make more money then needed to survive on do pass this onto their children and spouses .

Answer 5

Just saying that the economy is good doesn’t make it so for the majority of Americans. Most Americans think that things have gotten worse economically for the middle class in the last few years. This is based on their own personal experiences. They are just barely staying afloat.

Wealth inequality is growing yearly. Most of the gains in the economy are going to the top 1% of the country.

Answer 6

So when George Herbert Walker Bush called trickle down economics voodoo economics he was mistaken?

Borrow and spend whether you call it trickle down, voodoo economics or anything else is not a good thing. The deficit has reached the highest ever. It did so under Reagan and Bush41 too. Exponentially more than those not employing the trickle down theory.

http://brillig.com/debt_clock/

Answer 7

"the "bottom 20%" are for the most part young people and immigrants just starting out"

there are 300 million in the US -- this dufus would have you belive that 20% or 60 million here in the US are young people and immigrants just starting out

Are ALL conservatives like this guy?

LOL on using freerepublic.com as a trustworthy source

Answer 8

Trickle-down is the theory that allows wealth to trickle down from George H.W. Bush to George W. Bush. That's it. In a nutshell.

Answer 9

Trickle down is BS. Just another way for poor people to get more poor and rich people to get really rich.

Answer 10

So, when it trickles down, more people slip into poverty?

I think I understand it now.

LOL, your explanation of importing poor people to offeset those slipping into poverty, is completely ridiculous and funny as hell.

Answer 11

From one of your links:

"Census Bureau data seem to verify this pessimism. In 1994, the latest year available, the bottom fifth of households earned just 3.6 percent of the nation's income and saw their share of the wealth fall from 4.2 percent in 1975 to 3.6 percent. The top fifth, meanwhile, received almost half of the nation's income, up from 43.7 percent in 1975"

Nuff said.