Posted on Nov 27, 2017
Top Economists No Longer Buying Republican "Trickle Down" BS
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Posted 8 y ago
Responses: 11
Okay PO1 Tony Holland I had to chuckle when reading "top economists" no longer buying "trickle down"
[Edited] My long deceased uncle was a senior economist with the World Bank who had pictures of himself with Nasser and other world leaders and was widely traveled. We used to laugh in shared amusement because economists are akin to philosophers in that their heads tend to be in the clouds with John Maynard Keynes, etc.
The pejorative "Trickle down" which was foisted against supply-side economics in the Reagan year backfired against the benighted folks who favor sound bites over substance :-)
worked very well when Ronald Regan was President and I expect it will work well now that Donald Trump is President.
A major challenge is to execute a fiscal policy with regulatory and tax law changes that synch with it.
FYI LTC Orlando Illi MSgt Robert C Aldi Capt Jeff S. CPT Jack Durish SFC Stephen King LTC Stephen C. LTC Ivan Raiklin, Esq. Maj Bill Smith, Ph.D. Capt Seid Waddell MSgt Danny Hope LTC (Join to see) SFC Joe S. Davis Jr., MSM, DSL COL Mikel J. Burroughs SGT Charles H. Hawes SCPO Morris Ramsey
[Edited] My long deceased uncle was a senior economist with the World Bank who had pictures of himself with Nasser and other world leaders and was widely traveled. We used to laugh in shared amusement because economists are akin to philosophers in that their heads tend to be in the clouds with John Maynard Keynes, etc.
The pejorative "Trickle down" which was foisted against supply-side economics in the Reagan year backfired against the benighted folks who favor sound bites over substance :-)
worked very well when Ronald Regan was President and I expect it will work well now that Donald Trump is President.
A major challenge is to execute a fiscal policy with regulatory and tax law changes that synch with it.
FYI LTC Orlando Illi MSgt Robert C Aldi Capt Jeff S. CPT Jack Durish SFC Stephen King LTC Stephen C. LTC Ivan Raiklin, Esq. Maj Bill Smith, Ph.D. Capt Seid Waddell MSgt Danny Hope LTC (Join to see) SFC Joe S. Davis Jr., MSM, DSL COL Mikel J. Burroughs SGT Charles H. Hawes SCPO Morris Ramsey
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LTC Stephen F.
LTC (Join to see) - actually 'deflation' allows you to purchase more with your income while inflation reduces your buying power.
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LTC (Join to see)
LTC Stephen F. - And inflation was the problem in the 1970s that cut spending power, while bringing it under control was what happened in the 80s to restore spending power.
Tax cuts were not part of that, they just made the rich richer and started the march to today's extreme income inequality.
I forget what the numbers were in the late 70s/early 80s regarding CEO to mailroom pay rations, but the differential has increased exponentially to the point that the rank and file employees of today have far less buying power while the senior executives went from buying power sufficient for a nice Mercedes, a small yacht and a suburban house to a nice fleet of Bentleys, a monster yacht, a few private jets and large villa.
Tax cuts were not part of that, they just made the rich richer and started the march to today's extreme income inequality.
I forget what the numbers were in the late 70s/early 80s regarding CEO to mailroom pay rations, but the differential has increased exponentially to the point that the rank and file employees of today have far less buying power while the senior executives went from buying power sufficient for a nice Mercedes, a small yacht and a suburban house to a nice fleet of Bentleys, a monster yacht, a few private jets and large villa.
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Capt (Join to see)
CPT Lucas Worthington - So, all of those rich people do not invest their money they just keep it? No I think they invest to make more. But, you say those investments do not provide anything for the poor.
If you theory is true where does a person starting a new business get the money to do so?
If you theory is true where does a person starting a new business get the money to do so?
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LTC Stephen F.
MSgt Steve Sweeney - I voted up your comment for the positive comments not the insults. Be careful about insulting other RallyPoint members.
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I can't believe that anyone is still beating this dead horse. "Trickle Down" was an invention of the Democrats in a desperate and failed bid to cut into President Reagan's popularity. No Republican or Conservative ever used that phrase in any context other than to pin the tail on the donkey that created it. And once again we see the economy rising, not because of some "leadership" emanating from the District of Calamity, but in spite of it. The economy (as well as its handmaidens, consumer and investor confidence) are largely bolstered by promises by politicians that they will get out of the way and allow We the Deplorables to do what we do best, produce and consume with less government intervention. Nothing disturbs Democrats as much as seeing this happen. Their whole goal is to control human behavior because only they know what is best for us. We the Deplorables, they are convinced, will only suffer and fail when left to our own devices. Thus, they regulate us at every turn, and if regulation fails to force us to act "properly", then they used fear. Human-caused climate change is an excellent example of this strategy. So, when someone goes to Washington and attempts to lower government intervention and we succeed, the Democrats cry foul. "Don't look behind that curtain!" When the climate refuses to comply with their computer models, they cry foul and jigger with the data to show otherwise. I'd actually feel sorry for them if they weren't so damn tyrannical.
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