Trickle Down Economics/Debt Deal

#51
#51
I kind of agree. I've always been skeptical of trickle-down econ. I'm not advocating for anything else - just not sure it works.
 
#53
#53
tigervol9802 said:
Education and work ethic are primary drivers.

Too many people are just lazy and expect someone else to take care of them.
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I agree with that sentiment whole-heartily. Many people just sit back and wait for something to fall in their lap.
 
#60
#60
volinbham said:
what are you suggesting?

It sure seems that most people wanting the "rich" to pay more don't have an economic theory in mind other than "fairness". I've seen no one who can explain how jacking the upper rate will create jobs or help the middle class in any meaningful way other than temporary good feelings from sticking it to them.
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I'll take a shot, not that I agree with it since I think both methods seem to be pretty inefficient in the current economic climate.

We have two ways to fight the defecit. Cut spending, increase revenue, or both.

Cutting spending at an impactful rate will most likely result in the loss of a lot of government jobs which will hit the middle class. Also a lot private jobs are from gov't contracts (a lot of Oak Ridge). Cuts in SS will also impact the middle class. Most likely all cuts will impact the lower and middle class a lot more than the wealthy.

Increase revenue. I prefer tax reform, but I think without a decrease in rates this will most likely be an increase to all classes. I don't think lowering rates will be an increase in revenue. My initial assumption is that we are on the left side of the Laffer Curve and have been since the 80s. So I think the question with tax increases is who can shoulder the load with less of a detrimental effect on the economy. The wealthy can probably still maintain their standard of living with an increase, but that will arguably result in less investment and job creation (trickle down). The poor and middle class currently don't pay as hefty of a share as the wealthy, but an increase on them results in a decrease in their consumer ability.

Therefore, if you don't believe in trickle down yet you still want a balanced budget, the least detrimental method of achieving that is to increase the tax rates on the wealthy. I think $250k is probably a poor number for that line.

Another side of this is a responsible government and solving the debt crisis would result in a more stable economy and more investment. An increase on rates to the wealthy to achieve this will most likely negate the potential recovery effects by spurning investments.

I think my conclusion is that cutting spending is going to hurt as well. But I still think it's the healthier path forward.
 
#61
#61
altidore17 said:
I agree with that sentiment whole-heartily. Many people just sit back and wait for something to fall in their lap.
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"Many people"? Try 1/3rd of this country. But instead you want to blame the top 0.5% for not spending enough. Such a pathetic joke
 
#62
#62
Vols520 said:
So hilarious.
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I think there's about 4 people in here who know what they're talking about and the rest just like to seem like they do by just saying the opposite of what someone else says hah. Guess my expectations of the political forum were a little high.
 
#63
#63
I can't post the link but I am pretty sure everybody knows who bill gross is.

If u go to pimco's website u can see his monthly write ups. They are in investment outlook. Read the July article, it's excellent.
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#64
#64
VolsNSkinsFan said:
"Many people"? Try 1/3rd of this country. But instead you want to blame the top 0.5% for not spending enough. Such a pathetic joke
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Economic matters have nothing to do with educational matters. Raising taxes on the rich would help us get out of the recession it's been proven before to work. Get off your high horse and look at economic history and tell me when trickle down has ever worked.
 
#65
#65
altidore17 said:
I think there's about 4 people in here who know what they're talking about and the rest just like to seem like they do by just saying the opposite of what someone else says hah. Guess my expectations of the political forum were a little high.
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Your expectations were high or you were?

Bashing the forum after what you've proven to know is high comedy.
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#66
#66
altidore17 said:
I think there's about 4 people in here who know what they're talking about and the rest just like to seem like they do by just saying the opposite of what someone else says hah. Guess my expectations of the political forum were a little high.
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U started a thread saying tax cuts are the reason our economy is in the tank. Glass houses.
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#67
#67
altidore17 said:
Economic matters have nothing to do with educational matters. Raising taxes on the rich would help us get out of the recession it's been proven before to work. Get off your high horse and look at economic history and tell me when trickle down has ever worked.
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U should read the article I told u how to get to. U would agree with it whole-heartily.
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#69
#69
altidore17 said:
I probably make more money than you and your parents combined maybe you can come live in my basement. Back to the point.. I've yet to see any of the hardcore conservatives in here present proof that trickle down has ever worked?

Bush's tax cuts were part of the problem because he gave the most money back to the rich and not enough to the working middle class. By no means was that the only cause of the recession though... We can blame the banks for not lending, we can blame the FDIC for the interest rates after the economy had stabilized, but we should also blame those who choose not to put money back into the economy and those who choose not to work.

So I agree that America's mindset as a whole needs to change and we need to put a greater value on education. So please enough with the stupid personal attacks because I dont agree with a far right agenda. Grow up a little and try to have an intelligent conversation.
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oh i know you do, everyone on here makes more than everyone else (and their whole family).

lets face it. the volnation group are all probably the top .1% of the wealthiest people in the universe.

you obviously don't understand what companies need to hire employees and buy products. :thumbsup:

you obviously work for the government, or daddy's company.
 
#70
#70
altidore17 said:
Economic matters have nothing to do with educational matters. Raising taxes on the rich would help us get out of the recession it's been proven before to work. Get off your high horse and look at economic history and tell me when trickle down has ever worked.
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Has been proven to work? When?

You have yet to explain how American poor and middle class are the wealthiest, in terms of lifestyle, ever in the history of man. When you attribute that to something other than trickle down economics, I'll stop laughing at you.
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#71
#71
BigPapaVol said:
Your expectations were high or you were?

Bashing the forum after what you've proven to know is high comedy.
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Guess you can't teach a far right elitist anything. A lot of you guys are so opposed to anything non-conservative it's hilarious. So in fact it is you who is providing me with the laughs. Thanks!
 
#72
#72
Vols520 said:
U should read the article I told u how to get to. U would agree with it whole-heartily.
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I think Pornografitti sang a song about whole-heartily.
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#73
#73
altidore17 said:
Economic matters have nothing to do with educational matters. Raising taxes on the rich would help us get out of the recession it's been proven before to work. Get off your high horse and look at economic history and tell me when trickle down has ever worked.
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so in the carter years when corporate taxes were around 70%, that was the most prosperous time?

is that what your saying O brillian one?
 
#74
#74
BigPapaVol said:
I think Pornografitti sang a song about whole-heartily.
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I love calling out people for spelling errors when they are calling other people stupid.

And it wasn't really an error as he used a -
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#75
#75
altidore17 said:
Economic matters have nothing to do with educational matters. Raising taxes on the rich would help us get out of the recession it's been proven before to work. Get off your high horse and look at economic history and tell me when trickle down has ever worked.
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How in the world would it do this? Can you explain the mechanism by which taxing the rich more will lead to more jobs and economic growth?

If you can, there may be a Noble waiting for you.
 
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