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Thread: Warren Buffet: 'Trickle Down' Theory Doesn't Work

  1. #51
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    Re: Warren Buffet: 'Trickle Down' Theory Doesn't Work

    Quote Originally Posted by apdst View Post
    If they're so poor, that they have to get welfare, then they can't afford a soda water. Besides, as the Libbos tell us, it's bad for them and as long as the goverment is picking up the tab for their healthcare, they have to live a 100% healthy lifestyle. Don't like it? Get the **** off welfare and pay for your own soda waters and your own healthcare, you own self.
    Actually, it's almost exclusively right-wingers who use this argument.

    However, since you obviously agree with this argument, then I have every right to insist that taxpayer-funded school lunch programs offer ONLY 100% healthy food/drink. All you righties and your whiny kids on board with that?

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    Re: Warren Buffet: 'Trickle Down' Theory Doesn't Work

    Quote Originally Posted by Deuce View Post
    Actually he just slapped a new label on it. It was around in the late 1800's under the name "horse and sparrow" economics. Feed the horse all the berries, it leaves seeds for the birds. You can see why it was renamed.
    Are you serious? If so? I did not know that. If not? Jokes on me
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    Re: Warren Buffet: 'Trickle Down' Theory Doesn't Work

    Quote Originally Posted by TurtleDude View Post
    socialism hasn't worked either and has resulted in over 100 million people being murdered

    punishing the rich doesn't make the poor more able to compete in a modern economic system

    addicting people to government provided dependency doesn't make them prosperous either-in fact it prevents them from competing which is why people like Buffett support such nonsense

    I feel making peeps that make more pay more taxes helps us all unless we want a fair flat rate tax system.

    The days of people that do not need it being able to live off our government for life via social programs are over in case you did not know.

    Giving people help so they can become productive members of our society is a good thing
    ~Following My Own Flow~

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    Re: Warren Buffet: 'Trickle Down' Theory Doesn't Work

    Quote Originally Posted by Glinda View Post
    Oh, please.

    Rightwingers operate under the belief that if someone is poor, they should be denied even the remotest semblance of "frivolous luxuries."

    Their definition of a "frivolous luxury?" An occasional freakin' soda.

    LOL! The horror! I luvs you girl
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    Re: Warren Buffet: 'Trickle Down' Theory Doesn't Work

    Quote Originally Posted by Glinda View Post
    Actually, it's almost exclusively right-wingers who use this argument.

    However, since you obviously agree with this argument, then I have every right to insist that taxpayer-funded school lunch programs offer ONLY 100% healthy food/drink. All you righties and your whiny kids on board with that?


    Sure! Why not?
    Quote Originally Posted by Top Cat View Post
    At least Bill saved his transgressions for grown women. Not suggesting what he did was OK. But he didn't chase 14 year olds.

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    Re: Warren Buffet: 'Trickle Down' Theory Doesn't Work

    Quote Originally Posted by Deuce View Post
    Actually he just slapped a new label on it. It was around in the late 1800's under the name "horse and sparrow" economics. Feed the horse all the berries, it leaves seeds for the birds. You can see why it was renamed.
    If trickle down economics doesn't work; what does?
    Quote Originally Posted by Top Cat View Post
    At least Bill saved his transgressions for grown women. Not suggesting what he did was OK. But he didn't chase 14 year olds.

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    Re: Warren Buffet: 'Trickle Down' Theory Doesn't Work

    Quote Originally Posted by apdst View Post
    If trickle down economics doesn't work; what does?
    Letting bush taxcuts roll back. That is what will work. Need proof? See late 90s.
    "We’re going to close the unproductive tax loopholes that allow some of the truly wealthy to avoid paying their fair share. In theory, some of those loopholes were understandable, but in practice they sometimes made it possible for millionaires to pay nothing, while a bus driver was paying ten percent of his salary, and that’s crazy." -Reagan

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    Re: Warren Buffet: 'Trickle Down' Theory Doesn't Work

    Quote Originally Posted by apdst View Post
    If trickle down economics doesn't work; what does?
    That's going to be situational, I expect. We've certainly got historical precedence to support the fact that pushing wealth upwards doesn't improve the life of everyone else.

    Why? Trickle-down ignores the entire demand side of the equation. If a business doesn't have sufficient demand to justify a new hire, it's not going to hire. Give rich people all the money in the world, if there aren't more people buying whatever product or service they're trying to sell, they aren't hiring anybody. As far as the purchases that rich person makes, you get rapidly diminishing returns as income goes up. A man earning $2 million per year is not going to buy twice as many cars or twice as many televisions or twice as much booze as a person making $1 million. If I doubled my salary, on the other hand, I probably would buy twice as much booze!

    Wait. That came out wrong.

    Rich people having more money isn't what we need right now. What we need is average joes like me to buy more crap.
    He touched her over her bra and underpants, she says, and guided her hand to touch him over his underwear
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    We’ll say what? Something like “nothing happened” ... Yeah, we might say something like that.

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    Re: Warren Buffet: 'Trickle Down' Theory Doesn't Work

    Quote Originally Posted by JohnWOlin View Post
    Letting bush taxcuts roll back. That is what will work. Need proof? See late 90s.
    How does raising taxes help? Please, be more specific.
    Quote Originally Posted by Top Cat View Post
    At least Bill saved his transgressions for grown women. Not suggesting what he did was OK. But he didn't chase 14 year olds.

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    Re: Warren Buffet: 'Trickle Down' Theory Doesn't Work

    Quote Originally Posted by Deuce View Post
    That's going to be situational, I expect. We've certainly got historical precedence to support the fact that pushing wealth upwards doesn't improve the life of everyone else.

    Why? Trickle-down ignores the entire demand side of the equation. If a business doesn't have sufficient demand to justify a new hire, it's not going to hire. Give rich people all the money in the world, if there aren't more people buying whatever product or service they're trying to sell, they aren't hiring anybody. As far as the purchases that rich person makes, you get rapidly diminishing returns as income goes up. A man earning $2 million per year is not going to buy twice as many cars or twice as many televisions or twice as much booze as a person making $1 million. If I doubled my salary, on the other hand, I probably would buy twice as much booze!

    Wait. That came out wrong.

    Rich people having more money isn't what we need right now. What we need is average joes like me to buy more crap.
    That's right and the government needs to get it's foot off the throat of small business, so they can get to work, create demand and hire more people.

    Enacting a ban on drilling and riasing the taxes on tobacco didn't put more average joes out there to buy more crap. An anti business government isn't going to put more people to work, only less people.

    It sounds like you're suggesting that instead of trickle down economics coming from the private sector, that it should come from the government.
    Quote Originally Posted by Top Cat View Post
    At least Bill saved his transgressions for grown women. Not suggesting what he did was OK. But he didn't chase 14 year olds.

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