View Poll Results: Is Trickle Down a Plutocratic religion or an Economic Theory

Voters
29. You may not vote on this poll
  • Trickle Down is sound economics

    4 13.79%
  • Trickle Down is a fraud

    24 82.76%
  • Trickle Down kills USA jobs

    7 24.14%
  • Trickle Down makes USA jobs

    3 10.34%
Multiple Choice Poll.
Page 2 of 6 FirstFirst 1234 ... LastLast
Results 11 to 20 of 56

Thread: Is Trickle Down" a Plutocratic Religion, or an Economic Theory

  1. #11
    Professor
    00timh's Avatar
    Join Date
    Sep 2011
    Location
    upstate NY
    Last Seen
    01-24-14 @ 08:47 PM
    Gender
    Lean
    Conservative
    Posts
    1,318

    Re: Is Trickle Down" a Plutocratic Religion, or an Economic Theory

    I have to laugh at all the liberals and progressive who chorus about how trickle down economics is a failure. Obama has been the biggest proponent of trickle down economics in the history of the U.S. signing off on 6 trilion in debt just to that the too big to fail corps continue to exist, and then praise Obama for rescuing our country from economic oblivion. Do you guys even realise what it is you are saying? lol

  2. #12
    Global Moderator
    Moderator
    Helix's Avatar
    Join Date
    Jul 2011
    Last Seen
    Today @ 03:41 PM
    Gender
    Lean
    Independent
    Posts
    37,133

    Re: Is Trickle Down" a Plutocratic Religion, or an Economic Theory

    we gave trickle down a shot. we should try trickle up again.

  3. #13
    Pontificator
    iliveonramen's Avatar
    Join Date
    Sep 2011
    Location
    On a Gravy Train with Biscuit Wheels
    Last Seen
    Yesterday @ 05:41 PM
    Gender
    Lean
    Very Liberal
    Posts
    9,213

    Re: Is Trickle Down" a Plutocratic Religion, or an Economic Theory

    Quote Originally Posted by 00timh View Post
    I have to laugh at all the liberals and progressive who chorus about how trickle down economics is a failure. Obama has been the biggest proponent of trickle down economics in the history of the U.S. signing off on 6 trilion in debt just to that the too big to fail corps continue to exist, and then praise Obama for rescuing our country from economic oblivion. Do you guys even realise what it is you are saying? lol

    Allowing the financial sector to collapse is just cutting off your nose to spite your face. Being anti-trickle down DOES NOT mean you think Capital Markets aren't important. It's a belief that capital markets function by providing liquidity....and that there's no such thing as providing "more" liquidity. You either have a functioning capital market or you don't. This idea that pumping more money into capital markets when they already serve the purpose they are in place to serve is what is being criticized.
    “Capitalism is the astounding belief that the most wickedest of men will do the most wickedest of things for the greatest good of everyone.” John Maynard Keynes

  4. #14
    Professor
    00timh's Avatar
    Join Date
    Sep 2011
    Location
    upstate NY
    Last Seen
    01-24-14 @ 08:47 PM
    Gender
    Lean
    Conservative
    Posts
    1,318

    Re: Is Trickle Down" a Plutocratic Religion, or an Economic Theory

    Not gonna buy it from you guys. You can't say that Reagonomics is the reason for the economic slide and then quadruple what he did and say you are saving the country. Its just pure partisan hackery.

  5. #15
    Phonetic Mnemonic ©
    radcen's Avatar
    Join Date
    Sep 2011
    Location
    Look to your right... I'm that guy.
    Last Seen
    Today @ 03:45 PM
    Lean
    Centrist
    Posts
    33,437

    Re: Is Trickle Down" a Plutocratic Religion, or an Economic Theory

    Quote Originally Posted by Temporal View Post
    It's an economy theory but one that has been proven to not work, just like communism. Because our system is about monetary accumulation and profit maximization, tax breaks just result in more wealth being retained, not redistributed.
    As a theory... on paper... I think it is a good theory. As a theory. Take it off the paper and insert people, and like I often say regarding things like this, it can only work if everybody involved is on the same page (which is another way phrasing your point, I think), and because not everybody is on the same page, it fails.

  6. #16
    Irremovable Intelligence
    Removable Mind's Avatar
    Join Date
    Apr 2011
    Location
    Austin, Texas
    Last Seen
    Today @ 03:39 PM
    Gender
    Lean
    Undisclosed
    Posts
    23,556

    Re: Is Trickle Down" a Plutocratic Religion, or an Economic Theory

    Quote Originally Posted by 00timh View Post
    I have to laugh at all the liberals and progressive who chorus about how trickle down economics is a failure. Obama has been the biggest proponent of trickle down economics in the history of the U.S. signing off on 6 trilion in debt just to that the too big to fail corps continue to exist, and then praise Obama for rescuing our country from economic oblivion. Do you guys even realise what it is you are saying? lol
    Well, up to August 2011 the amount was 4.7 Trillion.

    And not to split hairs here. Bush took office with the Nation Debt at $5.6 Trillion and left office with it standing at $10.1 Trillion. Let me seeeee. That's right at $5 Trillion increase in the National Debt. Now that's a subtantial increase in the national debt.

    But what I'd not like to do here is assign blame on Bush. The poor guy just had a load of **** on his plate throughout his presidency, right?

    And as far as Obama rescuing this country from anything...our country remains in a world of ****...because of the irreponsibility and corruption of our Government over the past several decades. I BLAME THEM ALL...for our mess. Partisan blaming doesn't work for me. And I am including both sides. They're equally as corrupt and crooked.

    You wanna believe that your government HAS EVER worked in the best interest of you...or America. Fine, you can live with that delusion all you want.
    Last edited by Removable Mind; 02-10-12 at 01:01 PM.

  7. #17
    Professor

    Join Date
    Feb 2011
    Location
    MI and AZ
    Last Seen
    03-15-15 @ 01:29 PM
    Gender
    Lean
    Other
    Posts
    1,581

    Re: Is Trickle Down" a Plutocratic Religion, or an Economic Theory

    Is Trickle Down is sound economics? Yes for the wealthy.
    Is Trickle Down is a fraud? No, it works perfectly for the wealthy.
    Trickle Down kills USA jobs? No, some of the homes the wealthy live in have a staff of 75 or more.

  8. #18
    Discount Philosopher
    specklebang's Avatar
    Join Date
    Jan 2012
    Location
    Las Vegas
    Last Seen
    06-05-14 @ 08:26 PM
    Lean
    Other
    Posts
    11,524

    Re: Is Trickle Down" a Plutocratic Religion, or an Economic Theory

    The "theory" that I personally have knowledge of is the "trickle up" theory.

    I moved to Korea in 1963. They did not have so mach as one paved road. Millions of people lived in discarded refrigerator boxes that came from US Military homes. There were very few vehicles, the cabs were ancient Jeeps with doors that closed by wrapping a wire to secure them. The poverty was just abject.

    In 1965, I moved to Vietnam and eventually was assigned to a Korean outpost in Dong De (35 miles North of Nha Trang). Those guys were some great soldiers! They worked all day at engineering projects and at night they went on patrol. What they did with the few hours that they weren't working or being shot at, was to black market stuff they could buy at the PX. They all did it - some more than others - but all of them. These guys were from the poorest of the poor and were unable to bribe their way our of being deployed in RVN.

    They all were able to send money home to their families. Their pay was only about $200 a month but they would make hundreds more black marketing. These poor families got rtheir hands on money for the first time in their lives and they - finally - got to buy a refrigerator instead of living in the box.

    By 1968, when I returned to Korea,. the changes were apparent. They've just kept on progressing since. So, yeah, trickle up works, trickle down is just terminology for the rich pissing on the poor.

    If instead of these last 2 miserable Presidents we had/have, both of whom are only interested in stimulating the rich, they had simply sent every tax paying American a $10,000.00 Visa card with a 6 month expiration date, we would be booming again. Instead, we have given multi-million dollar bonuses to the creepy criminals in the banking, weapons and mercenary industries.

  9. #19
    Pontificator
    iliveonramen's Avatar
    Join Date
    Sep 2011
    Location
    On a Gravy Train with Biscuit Wheels
    Last Seen
    Yesterday @ 05:41 PM
    Gender
    Lean
    Very Liberal
    Posts
    9,213

    Re: Is Trickle Down" a Plutocratic Religion, or an Economic Theory

    Quote Originally Posted by 00timh View Post
    Not gonna buy it from you guys. You can't say that Reagonomics is the reason for the economic slide and then quadruple what he did and say you are saving the country. Its just pure partisan hackery.
    Actually....Bush passed TARP and I considered it the one of the best actions of his Presidency. I was working at a brokerage firm when it happened...I remember the first time it failed and markets took a nose dive and people were panicky. When it passed markets rebounded (a bit) and there was a lot more confidence in the markets and financial institutions.

    TARP and the bailouts arent' partisan hackary...it's doing what needs to be done...pragmatism...understanding economic realities.

    A whole economic policy based on the idea that wealth going to the top raises all boats is a completely different thing.
    “Capitalism is the astounding belief that the most wickedest of men will do the most wickedest of things for the greatest good of everyone.” John Maynard Keynes

  10. #20
    Professor

    Join Date
    Feb 2011
    Location
    MI and AZ
    Last Seen
    03-15-15 @ 01:29 PM
    Gender
    Lean
    Other
    Posts
    1,581

    Re: Is Trickle Down" a Plutocratic Religion, or an Economic Theory

    Quote Originally Posted by Removable Mind View Post
    Well,...because of the irreponsibility and corruption of our Government over the past several decades. I BLAME THEM ALL...for our mess. Partisan blaming doesn't work for me. And I am including both sides. They're equally as corrupt and crooked.

    You wanna believe that your government HAS EVER worked in the best interest of you...or America. Fine, you can live with that delusion all you want.
    If you were anywhere near correct living in the US would be the same as living in Syria or its ilk. For me it's not. We have money, two homes AZ & MI and a cash offer on a 3rd, etc. Am I one of the corrupt ones?

Page 2 of 6 FirstFirst 1234 ... LastLast

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •