Trickle down economics.
38 2017-11-30 by dennis_k85
With the Stock Market at +24000, it should be obvious that trickle down economics does not work, if it did there would be many more jobs and wages would have gone up. But none of these have materialized, which prove trickle down economics does not work and it never has. It just puts more money in rick peoples pockets.
46 comments
1 BrazenBull 2017-11-30
Jobs are up. Consumer spending is up. Wages are up. You must still be in college.
1 watchwhatsnext 2017-11-30
Most likely didn’t get their soy hazelnut frap with their name on it spelled right.
Everyone expects government to load as fast as their browser.
Think people, everything worth it takes time.
1 dennis_k85 2017-11-30
No I have been out of collage for 40 years. Wages are flat at best right now, my wages have been flat for more than 10 years, getting only very small cost of living increases and all of my coworkers are in the same boat.
1 azzazaz 2017-11-30
What industry?
1 dennis_k85 2017-11-30
Firmware engineering.
1 azzazaz 2017-11-30
I dont think much of that has come back to the state yet so you are still in a offshoring market of competition.
Trump has got to get some of these reshoring tax incentives in place to get more companies here and then youll see more competition for experts in your field. Unfortunately the congress and courts are really slowing him down.
1 UnverifiedAlligator 2017-11-30
wages are stagnant
1 Vaperator 2017-11-30
Trickle down econ rarely - if ever has worked in the history of the world. It is a fantasy.
1 UnverifiedAlligator 2017-11-30
its a lie sold to us to benefit the rich people who write the fucking policy. They get the poor people on the right to buy in and fuck themselves over. Its pathetic watching the poor/middle/norm class defend these policies
1 Tok-A-Mak 2017-11-30
What you mean fantasy? We're on /r/conspiracy, so it's only natural to talk about fringy ideas like flat earth UFOs, trickle down economics or reptilian alien hybrids. And when it comes to conspiracy theories, trickle down economics is my favorite. It's right up there with John Titor and the Mandela Effect.
1 Hagriss 2017-11-30
Yup, it's about as believable and outlandish as flat earth or reptilians. Rich people parting ways with their copious amounts of unnecessary money for the benefit of the greater good, absolutely laughable.
1 cjluthy 2017-11-30
The only thing that will cause an employer to add a new job is unmet demand in the marketplace for said employer's goods/services.
Tax breaks for wealthy individuals will go into their pockets, and stay there (most likely).
Tax breaks for corporations will go to pay dividends to shareholders and/or fund share buybacks to artificially manipulate share price upwards.
1 Putin_loves_cats 2017-11-30
Kind of hard to have "trickle down economics" (which is really just a made up strawman as an affect of free market capitalism), when we've had central economic planning via the the FED since 1913, now isn't it? We have Socialism in the United States and we are seeing the affects of it. Bad economy, debt, war, unemployment, homeless, inflation, etc etc. All you Socialists should love what we have now, and if you do not, then you should re-evaluate your economy ideology.
1 1-800-YoureRetarded 2017-11-30
So you believe trickle down works? How could a nation make it work if you didn't have the fed in the way?
1 Putin_loves_cats 2017-11-30
I think you missed this part of my comment:
It means there is no such thing as trickle down economics. It was coined by those who criticized free market capitalism.
I believe in free market capitalism, which we haven't had for over 100+ years.
The Federal reserve is a private bank who loans the US money. A country does not need to do this, and it's outlined on who has the power, authority, and duty to coin monies.
1 1-800-YoureRetarded 2017-11-30
Yes yes. But you can't just disregard what people think it is and operate based upon that.
They believe that if rich people hold more money and are not taxed as much, they will create more jobs and the wealth tickles to us through hourly wages. Nothing in there says they'll do anything different but pocket the cash.
Then again I think that's where this is going. Taxes am I right? Always does.
1 SpikedGIraffe 2017-11-30
It works in Theory....kind of Like Communism.
It would work great if not for the Human Element.
1 1-800-YoureRetarded 2017-11-30
Saying it works in theory doesn't make it work in theory.
I view communism as more of a meme for those guys who've followed it. Communism will come naturally once robots take over all the jobs.
1 priuskilledkennedy 2017-11-30
It’s capitalism. It’s also killed zillions of people.
1 Putin_loves_cats 2017-11-30
No it's not, and no it hasn't. What has, though, is globalism and consumerism under Marxist economics. Central economic planning is the exact opposite of free market capitalism. We have, and have had the former, not the latter, for over 100 years.
The problem is, people are ignorant of this via their schooling, both higher and lower education. Liberal colleges have turn everything upside. Left is now right, and top is now bottom. We can also see this when people are told that the US was/is a Democracy. We're not, nor have we ever been.
1 priuskilledkennedy 2017-11-30
You’re telling me that capitalism hasn’t killed millions and millions of people? You think America is a Marxist economy? Oh, Lordy.
1 Putin_loves_cats 2017-11-30
Yes, it hasn't.
Yes, it is.
1 priuskilledkennedy 2017-11-30
Have your ever heard of word war 2 or the 1950s? What about the 1980s? Capitalism is about to kill a lot more people when they pass this tax bill.
1 Putin_loves_cats 2017-11-30
No, you need to go back to 1913 with the creation of the FED and the new deal, at least. We've been Marxist-Socialist ever since. Those wars were not Capitalist endeavors, they were authoritarian endeavors.
1 priuskilledkennedy 2017-11-30
You mean the war on the American public? Because that’s what I was talking about.
1 FuckJeffSessions 2017-11-30
When was the "golden age of capitalism" that we need to go back to? Late nineteenth century gilded age of robber barons, child labor and sweat shops?
1 Kewkewmore 2017-11-30
Neo mercantilist is probably a better description. But the point remains that laissez faire was killed by the establishment of the fed.
1 SpikedGIraffe 2017-11-30
So you are blaming all that on Capitalism..
That is a big Claim...so it requires some Big Evidence.
So far you have produced none.
1 priuskilledkennedy 2017-11-30
The millions of dead poors are my proof
1 SpikedGIraffe 2017-11-30
Capitalism does not kill...People Kill.
Just like Communism does not kill...People following it do.
1 -_-_-I-_-_- 2017-11-30
That's really incorrect. Giving massive tax cuts to the wealthy and businesses is not "free market capitalism", and that's the core tenet of trickle down economics.
1 Dave_Rules 2017-11-30
Rick Peoples
1 timmyg2017 2017-11-30
Exactly, wages have been stagnate for the past 8 years, but the Stock Market has a massive bull run. This has been a huge boon to the wealthy, while those of us in the middle class are still struggling to get by. And now we're only going to make the problem worse with a huge tax cut for the rich and corporations.
1 dennis_k85 2017-11-30
Exactly, this new tax cuts is going hurt every body in the middle class and below. And even worse Companies are only hiring contract workers and not full time employees.
1 davetides 2017-11-30
Rofl tax cuts for everyone = hurts the middle class. I mean how are liberals able to lie to themselves this much? Liberals are literally REEEEing because the government isn't reallocating MORE of America's wealth into the hands of degenerate, welfare-leaching lefties. What an absolute joke, especially when you consider Hillary, Bernie, and the entire Democratic party ADMITS they want higher taxes for EVERYONE so THEY control who gets how much of your own money. Liberal conspiracy theorists are walking paradoxes.
1 timmyg2017 2017-11-30
Liar. Why can't you talk about this issue without lying?
FACT:Approximately 50% of people in the middle class and below will see a tax increase.
source: https://www.cnbc.com/2017/11/20/senate-gop-tax-plan-to-ultimately-raise-taxes-for-half-of-us-tax-policy-center.html
If you don't trust CNBC's interpretation, I can give you the bloomberg's or you can read the full report yourself.
1 Issyquah 2017-11-30
The stock market isn't "trickle down economics" and to some extent not even a serious measurement of money.
Take for instance, Jeff Bezos. Owns billions of stock in in Amazon. Now, let's say he wakes up tomorrow and says "Well, I'm done. I'm going to sell 100% of my shares in Amazon." What do you think the stock price would be?
Answer: Amazon stock would go through the floor, and the same could be said for a great many other companies and just about any one that's got a founder that still has a big stock interest. That's a lot of companies including most of the billionaires you can probably name in tech.
I lived thru trickle down economics. Guess what? It was a pretty good time to live through. Much better than the Carter and Ford years for sure.
1 DernaldTermp 2017-11-30
Same could be said about shitcoin being at +11000.
1 ElPasoan89 2017-11-30
Trickle down economy is only in fiat currency countries where they charge interest for all money in circulation.
There is no other way for the wealthy to gain more wealth unless they actually produce something and sell it.
1 Fungi518 2017-11-30
By the time the trickle hits the upper middle class, all it is is piss! Then filter that down through the middle class/working class and then the poor and you get shit water.
1 fuster_cluq 2017-11-30
I have a degree in economics. So called trickle down economics is a joke, literally no actual economists believes in this theory unless they are paid to. They use to call it the horse and sparrow theory. You feed the horse all the grain and the sparrow gets whatever comes out the other end.
1 SpenB 2017-11-30
This is what I thought. Reagan and his cronies invented the concept then found economists to say it works.
1 fuster_cluq 2017-11-30
Its not even really a theory because it has never actually worked in reality
1 igottashare 2017-11-30
I never finished high school and make roughly $140k per year in the oil and gas industry. Because of this industry, some of the top selling vehicle dealerships in the country are found here. Realtors have become very wealthy selling homes to oilfield workers in this area. Hotels are booming in the area and are filled with oilfield workers. The events center, aquatic center, and new hospital were all built with generous donations from oil and gas companies and production service companies.
When oil took a hit, vehicle and home sales plummeted; bars, restaurants, hotels, and strip clubs struggled; the homeless found fewer recyclables discarded; dance and art studios had fewer students and more delinquent parents. Amazingly, as pipelines in the area were approved, work ramped up and everyone not working in oil and gas got customers again.
There most certainly is a trickle down economy and it's why something as simple as a calling center or a t-shirt factory opening in some towns can be a huge boon. An economy is just like any ecosystem.
1 SpenB 2017-11-30
Lowering taxes on any group will have some positive effect on the economy. I just don't see why it has to be only for the wealthy.
1 igottashare 2017-11-30
The idea of a trickle down economy is not necessarily tied to lower taxes for the wealthy, but rather creating conditions which encourage investment. One method that has worked well is tying tax breaks with the number of persons employed as it not only encourages investment but also job creation while discouraging layoffs and automation.
1 dennis_k85 2017-11-30
Firmware engineering.
1 priuskilledkennedy 2017-11-30
Have your ever heard of word war 2 or the 1950s? What about the 1980s? Capitalism is about to kill a lot more people when they pass this tax bill.