Do Repubs try to make the top earners the foundation for growth, while Dems focus on lower and mid earners?

Question

Repubs try to make the top earners the foundation for growth (trickle down). Dems concentrate on making the bottom and mid income earners the foundation (bottom up).

Am I wrong with this hypothesis?

Answer 1

I agree. Tax breaks for the rich doesn't make sense to most but it isnt all based on cronyism. Many believe that top earners are actually smarter with their usage of money, and that the choices they commonly make are better for the economy than what middle class earners do. This has often proven to be false as many top earners are more concerned with capital appreciation and therefore make investment decisions that keep the majority of their income outside the cash flow of the economy. Fact is the middle class spends most of its money and that is what drives and keeps the economy healthy. The rich stay rich and get richer because of their lack of involvement in the economy.

Answer 2

Yes, you are wrong.

Trickle down is a straw man that Democrats use. Bottom up is a myth.

If you look at the economic progress seen in this century, analysis makes it clear that economic growth and the standard of living increases come from private investment and increases in worker productivity (generally through efficiency). The only way to achieve either of these is through free, stable markets that are provided by limiting government interference.

In our country the poor play a very small role in investment due to the choices they have made. Specifically, they have chosen to rely on Social Security, which is a drain. Private retirement investments are a boon to the economy and increases investment spending dramatically. If you would like a clear example of this, take a look at Chile and their private investment.

As the poor have voted to take themselves out of the investment category, it would make sense then to directly help investment spending. This can be done by reducing burdensome regulations that make make investments less profitable, not taxing investments (capital gains taxes, dividend taxes) and tax breaks for purchasing capital goods.

These types of measures are the things that the economically illiterate complain about as "tax-cuts for the rich," yet these same people do not complain when a rich man invests several billion dollars to open a factory, etc.

Democratic proposals such as Social Security (addressed above), worker protections (reduce pay and increase unemployment), higher tax rates (slower or negative growth), taxing "the rich" (stymied investment) and social programs (reduce GDP) are all bad for the economy. In the mid to long run they are bad for the poor as well, as jobs are chased overseas. These things are only good for the poor in the very immediate future, if ever.

Answer 3

Yes, just like the Pharaohs of ancient Egypt did by having the common people build pyramids for them, well with the exception the pyramid builder weren't paid, and that is exactly the kind of wages Republicans want Americans to get for their labor.

$$$ might trickle down, bat as such a slow pace it doesn't even make sense to rely on it idea for growth, when it flows up, much faster, and if trickle down actually works, can turn back around and trickle right back down.

Answer 4

Sounds about right to me.........but I lean left because I think the foundation needs to be solid.Although in some way I understand and somewhat agree with the moderate righties!

Answer 5

Yeah you are right.

So do you think that we should tax the rich more?

I have never worked a day in my life for a poor man.

Answer 6

That's exactly right. Republicans, believe in large corps and heavy industries, coz they create jobs, and jobs create taxes, and taxes pays for wars?! lol

Democrats go for crowds coz they create Votes ? lol