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. #41
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    Re: Is Trickle Down" a Plutocratic Religion, or an Economic Theory

    You do realise that "trickle-down" is a pejorative term?
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    Re: Is Trickle Down" a Plutocratic Religion, or an Economic Theory

    Quote Originally Posted by Manc Skipper View Post
    You do realise that "trickle-down" is a pejorative term?
    Of course. I also realize that what I just described is also not the original theory that the term "trickle-down" was coined to disparage.

    I simply see that people hating on "trickle-down" economics are usually just jealous of people with more money than them, so I decided I would use their term to describe the benefits they derive from letting wealthy people be wealthy.
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    Re: Is Trickle Down" a Plutocratic Religion, or an Economic Theory

    trickle down is none of these things - it's a straw man.

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

    Working people have been getting trickled on for far too long now. This fraud has got to be crushed and flushed, smashed and trashed.
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    Re: Is Trickle Down" a Plutocratic Religion, or an Economic Theory

    Quote Originally Posted by cpwill View Post
    trickle down is none of these things - it's a straw man.
    Trickle-down economics - Wikipedia, the free encyclopedia

    "Trickle-down economics" and "the trickle-down theory" are terms used in United States politics to refer to the idea that tax breaks or other economic benefits provided by government to businesses and the wealthy will benefit poorer members of society by improving the economy as a whole.[2] The term has been attributed to humorist Will Rogers, who said during the Great Depression that "money was all appropriated for the top in hopes that it would trickle down to the needy."[3] The term is considered pejorative by some proponents of tax cuts.[4]
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    Re: Is Trickle Down" a Plutocratic Religion, or an Economic Theory

    It is still been used as a strawman. It just says that if you give a tax break to the rich, with no changes to other factors, it will benefit the whole society. It does not say that this benefit outweighs the costs of reducing government spending, or running deficits.

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

    Quote Originally Posted by specklebang View Post
    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.
    When they gave every tax paying American money from where? And, if they're tax paying, why collect it and then give it to them again? Why not just let them keep it to begin with?

    When we, as a country, have a trade surplus, our wealth increases. When we, as a country, have a trade deficit, our wealth decreases. We either make money and bring it home or someone else gets it. "Trickle down" economics works if you mean that when a large employer/manufacturer is able to make money, their employees make money, and the suppliers to the manufacturer and to the employees make money so their employees make money too, etc.

    Everyone knows that if manufacturer is makes money, they hire more employees, and both the manufacturer and the employees all buy more stuff in the area.

    However, if instead of investing and buying in our country, they invest and buy and hire in another country, the other country's wealth increases. If we are buying the project but reaping none of the "trickle down" then all we're doing is pouring our wealth into their citizens' (or governments') pockets.
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    Re: Is Trickle Down" a Plutocratic Religion, or an Economic Theory

    precisely. Trickle Down Economics is a strawman, a pejorative deliberate misrepresentation of free-market economics, containing within it the economic fallacy that failing to take from someone is the same thing as giving to them.

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

    Quote Originally Posted by cpwill View Post
    precisely. Trickle Down Economics is a strawman, a pejorative deliberate misrepresentation of free-market economics, containing within it the economic fallacy that failing to take from someone is the same thing as giving to them.
    A strawman would imply that trickle down economics has never been advocated by free market advocates. Oh my:

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

    Quote Originally Posted by GreenvilleGrows View Post
    When they gave every tax paying American money from where? And, if they're tax paying, why collect it and then give it to them again? Why not just let them keep it to begin with?

    When we, as a country, have trade surplus, our wealth increases. When we, as a country, have a trade deficit, our wealth decreases. We either make money and bring it home or someone else gets it. "Trickle down" economics works if you mean that when a large employer/manufacturer is able to make money, their employees make money, and the suppliers to the manufacturer and to the employees make money so their employees make money too, etc.

    Everyone knows that if manufacturer is makes money, they hire more employees, and both the manufacturer and the employees all buy more stuff in the area.

    However, if instead of investing and buying in our country, they invest and buy and hire in another country, the other country's wealth increases. If we are buying the project but reaping none of the "trickle down" then all we're doing is pouring our wealth into their citizens' (or governments') pockets.
    Wow, as you explain it it's so simple. Oh, but I worked for a manufacturer. As we started to increase our volume I was assigned to moving or manufacturing to a maquiladoras in Mexico then to Taiwan. Then Taiwan started saying it could do our engineering at lower cost, so management let them. Then I and other engineers had to train them so they could have our jobs. I got the reward of travel to Mexico and Taiwan. My wife was an engineer also, we'er retired now. She was training Indians to do what were engineering jobs filled by Americans. You write that its so simple and that everyone knows, why don't I know if its so simple?
    Last edited by OhIsee.Then; 02-12-12 at 03:16 PM.

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