Posted on Nov 27, 2017
Top Economists No Longer Buying Republican "Trickle Down" BS
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And if any golden drops do manage to land on your head you can rest assured that they are not your favorite vintage of Chardonnay or Champagne. 1stSgt Nelson Kerr MSgt Michael Bischoff SFC Shirley Whitfield SGT (Join to see) LTC (Join to see) Capt Gregory Prickett SFC Joe S. Davis Jr., MSM, DSL LCDR Rabbah Rona Matlow 1LT Sandy Annala MSgt Danny Hope Capt Dwayne Conyers
Top Economists No Longer Buying Republican "Trickle Down" BS
Posted from dailykos.com
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Posted 8 y ago
Responses: 11
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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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The problem with this "...analysis..." is that it is based upon class warfare rather then then fact. Keynesian economics works only as long as you spend other peoples money and to do that you penalize those who had the impudence to work and become sucessful. Regarding blowing up the deficit? Now these liberal geniuses are concerned about debt after Barak and company's orgy of Government spending? Seriously? Finally to say the Daily Koss and journalistic excellence in the same sentence is oxymoronic.
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MSG Stan Hutchison
Now conservatives are shrugging off the deficit, after screaming about it for the past 8 years.
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LTC Orlando Illi
MSG Stan Hutchison - I have never believed in Keynesian Economics. You can never spend enough of other peoples money to revive an economy because at somepoint you run out of other peoples money. Not to worry MSG - you are free, due to your obvious altruism, to donate as much as you like to the IRS. I, in the other hand, would love a tax cut.
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MSG Stan Hutchison
LTC Orlando Illi - Now please explain to me where you saw anything to suggest your response to my post. My intent was only to point out the hypocrisy of one party complaining about the deficit when they are not in power as the other party.
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Capt (Join to see)
MSG Stan Hutchison - OR liberals are screaming wait after their spend free years.
Same old story - if my party does it it is great. If your part does it it is disaster.
No really it is mostly just political BS.
Same old story - if my party does it it is great. If your part does it it is disaster.
No really it is mostly just political BS.
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