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

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

  1. #31
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    Re: Is Trickle Down" a Plutocratic Religion, or an Economic Theory

    Quote Originally Posted by grip View Post
    I don't understand why they coin these catchall phrases like "trickle down' with negative connotations. In a capitalistic economy there's always going to be a cycle of money upwards then back down. There's nothing inherently wrong with that if the top doesn't use it's influence to prevent fair business practices. Which of course they never ever would do or at least get caught. Supposedly the masses are able to counter any kind of power peddling with sheer numbers.
    Which is ridiculous....the only time the masses group together in solidarity is when things hit rock bottom!
    “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

  2. #32
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    Re: Is Trickle Down" a Plutocratic Religion, or an Economic Theory

    Quote Originally Posted by iliveonramen View Post
    Which is ridiculous....the only time the masses group together in solidarity is when things hit rock bottom!
    And then they overthrow govn's like Egypt?
    Einstein, "science without religion is lame, religion without science is blind."

  3. #33
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    Re: Is Trickle Down" a Plutocratic Religion, or an Economic Theory

    Quote Originally Posted by grip View Post
    And then they overthrow govn's like Egypt?
    Pretty much...or the Czars...or the Batista's etc! Depending on the masses to right instutionals wrongs is a recipe for disaster....the masses when **** on too much aren't interested in tweaking!
    “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. #34
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    Re: Is Trickle Down" a Plutocratic Religion, or an Economic Theory

    Quote Originally Posted by iliveonramen View Post
    Pretty much...or the Czars...or the Batista's etc! Depending on the masses to right instutionals wrongs is a recipe for disaster....the masses when **** on too much aren't interested in tweaking!
    They ramble on about how good small business is then allow corporate giants to monopolize and squeeze out competition. The government will always be affected and even influenced by big industry but they need to balance out the needs of the people in contrast or a tipping of the scales renders a working economy untenable. It's happening now and they won't be able to fix it unless they create more entry level opportunities for workers and small business.
    Einstein, "science without religion is lame, religion without science is blind."

  5. #35
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    Re: Is Trickle Down" a Plutocratic Religion, or an Economic Theory

    Trickle down economics is nothing but a golden shower by the 1% upon the 99%!
    When the debate is lost, slander becomes the tool of the loser. -Socrates
    Tired of elections being between the lesser of two evils.

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

    Quote Originally Posted by digsbe View Post
    Trickle down economics is nothing but a golden shower by the 1% upon the 99%!
    Our neighbors dog does that to our cat.
    Einstein, "science without religion is lame, religion without science is blind."

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

    A talking head o the politics show at lunchtime mentioned a shareholder who wrote to Lord Ashburton, the then chairman of BP, (John Baring, of the bank family) complaining about the obscene bonus he was taking at the time. He got a reply!
    "Dear Mr ....... , Rich people need bonuses so that they can buy wonderful things and have wonderful holidays. This may seem disproportionate to you, but it is very important to the rich. Yours sincerely...."
    Don't work out, work in.

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

    The wealthy have higher daily spending and higher consumptive spending on average, than middle or lower income people, so it's not completely untrue.
    Being completely supply sided is kinda dumb though.

    Low taxes and reasonable regulations for all, is a better position to hold.
    I was discovering that life just simply isn't fair and bask in the unsung glory of knowing that each obstacle overcome along the way only adds to the satisfaction in the end. Nothing great, after all, was ever accomplished by anyone sulking in his or her misery.
    —Adam Shepard

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

    Quote Originally Posted by Manc Skipper View Post
    A talking head o the politics show at lunchtime mentioned a shareholder who wrote to Lord Ashburton, the then chairman of BP, (John Baring, of the bank family) complaining about the obscene bonus he was taking at the time. He got a reply!
    "Dear Mr ....... , Rich people need bonuses so that they can buy wonderful things and have wonderful holidays. This may seem disproportionate to you, but it is very important to the rich. Yours sincerely...."
    Hmmm...fascinating...the rich take ridiculous huge bonuses and say **** you.
    “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. #40
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    Re: Is Trickle Down" a Plutocratic Religion, or an Economic Theory

    I think part of the problem with people's negative reaction to "trickle down" economics, is that they don't really understand what is supposed to trickle down.

    The money is not supposed to trickle down. The money is supposed to be concentrated at the top, because when it is, rich people can make investments into capital goods. These capital goods then increase the productivity of the economy, and create better products for people to buy. The thing that trickles down is better products, at better prices.

    I mean, how long ago was it that refrigeration was just a daydream? Now, anyone with a few hundred bucks can buy a refrigerator that is much higher quality than the first one made. Some with computers: the first transistor was huge, inefficient and costly. And before that, computers were built with vacuum tubes, took up gymnasium-sized spaces and only the government or major universities could afford them. Now, an infinitely more powerful device can fit in the palm of your hand, and is available for just a few hundred dollars.

    "Trickle-down" is not supposed to work with cash (which is not real value anyways), it works in the world of real goods and services. Allowing the rich to have most of the money, means that they can call the shots and organize the economy to provide increasingly better and cheaper goods and services.

    ((Now of course, this does not mean that the rich should get ever-increasing amounts of money over time - they can't be given 100% of the money, after all - just that it is right for them to control the bulk of it.))

    It is a very sound, and thoroughly proven, theory.
    "You can't save time. You can only spend it." ~ Benjamin Hoff
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