So trickle down economics doesn't work huh?

[ExodusNirvana]

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

Oh poor Ronald Reagan

 

[jerniebert]

Reagan and Trump are neck and neck for worst president ever. Bush is slightly behind them.

 

[Ku$h Parker]

Reagan and Trump are neck and neck for worst president ever. Bush is slightly behind them.

And yet those Two are The GOATS according to the Right Wing Peanuts

Wonder Why?

 

[Wargames]

Reagan and Trump are neck and neck for worst president ever. Bush is slightly behind them.

Nah it’s been shyt Republicans since Nixon. lol of them have been hell bound devils ruining this country and the world

 

[Payday23]

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.

.

 

[Hood Critic]

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.

Reducing the statutory federal corporate tax rate from 35 to 20 percent would, the analysis below suggests, increase average household income in the United States by, very conservatively, $4,000 annually. The increases recur each year, and the estimated total value of corporate tax reform for the average U.S. household is therefore substantially higher than $4,000. Moreover, the broad range of results in the literature suggest that over a decade, this effect could be much larger.

https://www.whitehouse.gov/sites/whitehouse.gov/files/documents/Tax Reform and Wages.pdf

The tax cuts specifically were sold as a measure that would increase household income over time.

Kevin Hassett even hit the media circuit to sell this lie.

Tax overhaul means a $4,000-a-year pay raise for the average family, Trump advisor says

Now lets talk about this "spurred growth" you mentioned because I'm calling bullsh*t on it too. Business investment grew slightly in 2018 but the IMF says that growth was driven specifically by economic demand and a natural correction from 2015-2016 levels (source: https://www.imf.org/~/media/Files/Publications/WP/2019/WPIEA2019120.ashx ).

The Fed cut rates in 2019 because of a decline in business investment and production, so your point about the economies growth numbers still fell below what Trump and Co. predicted with the tax cut. (source: The US Economy Reverts To A Pre-Tax Cut Growth Rate). According to that link to the tax policy center, consumer spending drove growth in part because of the 2018 Omnibus bill.

In short, they sold it as trickle down economics in 2017 and like all other instances of such, it did so such thing.

 

[DEAD7]

The tax cuts specifically were sold as a measure that would increase household income over time.

your point about the economies growth numbers still fell below what Trump and Co. predicted with the tax cut.

...lowering taxes can spur growth. Not sure how there are still people who reject this.

I linked the median household numbers.

Trumps predictions are irrelevant.

 

[Hood Critic]

...lowering taxes can spur growth. Not sure how there are still people who reject this.

I linked the median household numbers.

Trumps predictions are irrelevant.

It's your use of "growth", tax cuts cause a temporary boost because there is more money to put in circulation but that boost has to be accompanied by a spending cut somewhere. That cut will always be at the expense of those who could truly benefit from a stimulus to their income because an expenditure they rely on will either be cut in some form or they will bear the brunt of the ballooned deficit later down the line.

That's not growth, that's a stimulus.

Its essentially a pay day loan.

 

[ADevilYouKhow]

Reaganomics Finally Trickles Down To Area Man

 

[DJ Paul's Arm]

 

[null]

 

[DEAD7]

It's your use of "growth", tax cuts cause a temporary boost because there is more money to put in circulation but that boost has to be accompanied by a spending cut somewhere.

Alright... we can just agree to disagree.
From what i can tell the deficit doesn’t matter(to either side) and spending doesn’t have to be cut.



As both sides inch closer towards the modern monetary theory, i think we are going to have to begin acknowledging the tax lie.
We dont need higher taxes to fund things.

 

[wtfyomom]

right wing economics is just a rationale for greedy selfish behavior. I dont necessarily think these people actually believe it. I think people like milton freidman are the ben shapiros of their time

just give rich people all the money and dont regulate them at all and it will work out best for society as a whole, I mean even kenyes said something like yeah lets trust the most greedy people to pursue the most selfish goals and think its gonna be good for society. and thats a banker talking hes no hippy.

 

[Wild self]

Aka the French Revolution method

 

[Oville]

Alright... we can just agree to disagree.
From what i can tell the deficit doesn’t matter(to either side) and spending doesn’t have to be cut.



As both sides inch closer towards the modern monetary theory, i think we are going to have to begin acknowledging the tax lie.
We dont need higher taxes to fund things.

But you will.need taxes to prevent inflation