So trickle down economics doesn't work huh?

[Hood Critic]

No sh*t

Tax cuts for rich people breed inequality without providing much of a boon to anyone else, according to a study of the advanced world that could add to the case for the wealthy to bear more of the cost of the coronavirus pandemic.

The paper, by David Hope of the London School of Economics and Julian Limberg of King’s College London, found that such measures over the last 50 years only really benefited the individuals who were directly affected, and did little to promote jobs or growth.

Fifty Years of Tax Cuts for Rich Didn’t Trickle Down, Study Says

 

[NeilCartwright]

I don’t know how anyone in their right mind could endorse trickle down economics

Or if people at that time even believed it

 

[DEAD7]

I don’t know how anyone in their right mind could endorse trickle down economics

No one does.
It’s an ongoing campaign against Reagan.

 

[Baka's Weird Case]

wow no way

whats everyone having for lunch

 

[88m3]

wow no way

whats everyone having for lunch

I'm thinking a egg and bacon sandwich

 

[Hood Critic]

No one does.

let's start with Trump's tax cut.

 

[KidJSoul]

Economics as a field study, let alone right-wing fiscal economics, is a failed discipline because it does not take into account actual human behavior; it is way too theoretical, and theoretical to a very naïve degree. And it is extremely assumptive.

Trickle down would never work, because why are we assuming that CEOs would reinvest? Why are we assuming that millionaires - who made their money by cutting costs and being cutthroat - would want to reinvest because they can, instead of pocketing the difference?

Why would we assume that CEOs, who love cheap foreign labor, would want to use their extra saved money to hire expensive American workers? They could do it, by why expect that? They are greedy.

Obviously, the people who drafted the laws are influenced by, paid for, and probably were, rich capitalists, themselves. So when they drafted fiscally conservative laws and engaged in fiscally conservative schools of thought, it was by design. They aren't stupid. It was intentional.

The Republican party (in its modern form, at least) is the "true" American party; The Democratic party (again, in its modern form) is just meant to give the illusion of freedom caring for the common man.

 

[Wargames]

The main fallacy of trickle down economics is that rich people have spending habits like the working class and working poor.

They do not. They save their money and make long term investments that employs no one.

Add to that the many financial tools that create benefits from liquidating staff and assets and yeah trickle down economics is a myth.

Trickle down government and trickle down management on the other hand do exist

 

[88m3]

let's start with Trump's tax cut.

Biden is on it, Jack!

 

[mastermind]

I can’t find a clip of it, but Adam Ruins Everything had a great clip of trickle down economics involving champagne, Regan and a wedding cake.

 

[God Almighty]

No one does.

if you ignore every conservative think tank, sure

 

[King Static X]

Let's try another 50 years to see if it works

 

[Ku$h Parker]

 

[88m3]

I'm thinking a egg and bacon sandwich

shyt was fire

 

[DEAD7]

let's start with Trump's tax cut.

Thats a bad example as Trumps cuts were across the board, not true trickle down... they also spurred growth which can be seen as trickle down working. Bad example.

https://fred.stlouisfed.org/graph/fredgraph.png?g=vRZ8


Fiscal Year Revenue
FY 2021 $3.86 (estimated)
FY 2020 $3.71 trillion (estimated)
FY 2019 $3.46 trillion (actual)
FY 2018 $3.33 trillion
FY 2017 $3.32 trillion
FY 2016 $3.27 trillion
FY 2015 $3.25 trillion
FY 2014 $3.02 trillion
FY 2013 $2.77 trillion
Wish these f*ckers would stop spending Revenue is fine.