the republican ideas
- Thread starter evince
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Trickledown tax cuts for the rich pay for themselves.
ThatOwlWoman
Leftist Vermin
An excellent choice.
History, and most credible economists, have shown over and over that this theory does not do much except create more income equality. If you want the consumers -- who are the engine that drives our economy -- to purchase more, you need to let them keep more of their earnings. Giving tax cuts to the wealthy only allows them to park it in places where it does no good economically, other than for themselves.
evince
Truthmatters
https://en.wikipedia.org/wiki/Trickle-down_economics
Trickle-down economics, also called trickle-down theory, refers to the economic proposition that taxes on businesses and the wealthy in society should be reduced as a means to stimulate business investment in the short term and benefit society at large in the long term. In recent history, the term has been used by critics of supply-side economic policies, such as "Reaganomics." Whereas general supply-side theory favors lowering taxes overall, trickle-down theory more specifically targets taxes on the upper end of the economic spectrum.[1][2]
The term "trickle-down" originated as a joke by humorist Will Rogers and today is often used to criticize economic policies which favor the wealthy or privileged while being framed as good for the average citizen. David Stockman, who as Ronald Reagan's budget director championed Reagan's tax cuts at first, later became critical of them and told journalist William Greider that "supply-side economics" is the trickle-down idea:[3][4]
Trickle-down economics, also called trickle-down theory, refers to the economic proposition that taxes on businesses and the wealthy in society should be reduced as a means to stimulate business investment in the short term and benefit society at large in the long term. In recent history, the term has been used by critics of supply-side economic policies, such as "Reaganomics." Whereas general supply-side theory favors lowering taxes overall, trickle-down theory more specifically targets taxes on the upper end of the economic spectrum.[1][2]
The term "trickle-down" originated as a joke by humorist Will Rogers and today is often used to criticize economic policies which favor the wealthy or privileged while being framed as good for the average citizen. David Stockman, who as Ronald Reagan's budget director championed Reagan's tax cuts at first, later became critical of them and told journalist William Greider that "supply-side economics" is the trickle-down idea:[3][4]
Trickledown tax cuts have never paid for themselves, and always have resulted in massive budget deficits.
That latest examples being Trump's tax cut scheme, and the much-vaunted Brownback trickledown experiment in Kansas, which bankrupted the state.
We need to face the facts: the whole point of trickledown tax cuts is not to stimulate a golden age of unprecedented economic growth. The whole point of trickledown is to intentionally engineer a fiscal meltdown; to intentionally create massive deficits so that Republican can later wring their hands about the deficits (they themselves created) in the hopes that they will be able to starve the social welfare state, aka Medicare, social security, Medicaid, VA benefits, education, environment, etc.
evince
Truthmatters
The money was all appropriated for the top in the hopes that it would trickle down to the needy. Mr. Hoover was an engineer. He knew that water trickles down. Put it uphill and let it go and it will reach the driest little spot. But he didn’t know that money trickled up. Give it to the people at the bottom and the people at the top will have it before night, anyhow. But it will at least have passed through the poor fellows hands. They saved the big banks, but the little ones went up the flue.
Will Rogers
https://wiredpen.com/2015/01/30/will-rogers-trickle-economics/
November / 1932
Will Rogers
https://wiredpen.com/2015/01/30/will-rogers-trickle-economics/
November / 1932
I will tell you at the most elemental and primal level what it was that caused me to leave the Republican party around 1990.
Racism.
From the policy perspective, it was about the GOP's relentless denial that racial inequality and economic injustice were serious problems in this country. Problems that cannot be left to, or addressed by the magic of the "free market".
The modern conservative hostility towards the civil right act, the voting rights act, laws intended to address discrimination, laws intended to accommodate disabled people, laws intended to address gender inequality -- It became crystal clear to me that at the policy level, the GOP not only was not interested in social and racial inequality - they were actively hostile to even rudimentary policy initiatives to address them.
Racism.
From the policy perspective, it was about the GOP's relentless denial that racial inequality and economic injustice were serious problems in this country. Problems that cannot be left to, or addressed by the magic of the "free market".
The modern conservative hostility towards the civil right act, the voting rights act, laws intended to address discrimination, laws intended to accommodate disabled people, laws intended to address gender inequality -- It became crystal clear to me that at the policy level, the GOP not only was not interested in social and racial inequality - they were actively hostile to even rudimentary policy initiatives to address them.
The Repubs were cutting taxes for the wealthy anyway. But they needed a justification they could sell to the people who were going to get reamed again. Laffer came up with this explanation during a drinking session and wrote it on a bar napkin. It was ridiculous when presented . Then every damn Republican went in front of congress and spoke about this economic principle that was proven by an "economist". Slash taxes and you get more revenue. How nice, since they were only interested in the first part.
evince
Truthmatters
which is why they take their economic information from the Austrian school of economics
the Austrian school does economics without the MATH all the other schools use to examine economic ideas and their ability to Perform
because that math proves their Austrian school is a joke
canceled.2021.1
#AMERICAISDEAD
One idea that I have is that you are a dumb crack head cunt. Discuss
evince
Truthmatters
laffer himself can explain it to you
if you go below 50% tax on the wealthy and corporations you lose tax revenue
The republican party has always lied about it
Adolf_Twitler
Verified User
Republicans all have something in common- I have never met a Republican that wasn't first a hard-headed, rude, self-important, selfish, hypocritical, and arrogant asshole!
There is no debating, negotiating, or arguing with a Republican, because of their obsession of winning every argument, and they think they are right about everything.
In fact, if a Democrat ever has anything further to say to a Republican, it is just the start of a whole new argument.
Republicans would argue with a mud fence!
There is no debating, negotiating, or arguing with a Republican, because of their obsession of winning every argument, and they think they are right about everything.
In fact, if a Democrat ever has anything further to say to a Republican, it is just the start of a whole new argument.
Republicans would argue with a mud fence!
evince
Truthmatters
LAFFER himself shows his CURVE is a CURVE for a reason
the peak of the curve is a 50% tax rate on the wealthy and it gives you the highest tax revenue
we should be taxing the wealthy at a 50% rate
want to do what the Laffer CURVE shows?
or are you idiots just going to keep lying about what it says
the peak of the curve is a 50% tax rate on the wealthy and it gives you the highest tax revenue
we should be taxing the wealthy at a 50% rate
want to do what the Laffer CURVE shows?
or are you idiots just going to keep lying about what it says