Trickle Down Economics/Debt Deal

#176
#176
altidore17 said:
I said there's no such thing as trickle down economics. They can't work if they don't exist. No reputable economist has ever recognized it being a real thing.
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A "real thing"? I have no idea what you mean by that. Many economists steer clear of saying "trickle down" because it's become a political pejorative. Many classic economic theories reflect the "trickle down" concept, for instance Marginal Propensity to Save.
 
#177
#177
nbakerld said:
So if you don't like like tax cuts then you aren't Republican or libertarian. If you don't like Obama you probably aren't democratic. I'm just trying to figure out what kind of economic plan you would support.
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My beliefs on the subject are that I support increased taxes on the rich and that if you give the middle class more money they will spend it. I believe the economy starts from the bottom up.

By no means am I an expert and have never claimed to be, those are just what I believe. You guys believe different things and that's cool but it really doesn't make sense to throw up huge walls whenever someone disagrees with you.

Oh well to each their own all I know is the economy is a-hurtin and everyone from the rich to the poor will be affected. Guess I should go back to school and get my masters in economics before discussing it with all the pariahs on this board.
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#178
#178
droski said:
Find me a single reputable economist that thing lowering taxes hurts the economy. I'm waiting.
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amazingly enough, this will go unanswered, as altidore only rolls bipartisan and, as such, can't deign to answer such silliness - especially for fox news lovers like the crowd here.
 
#179
#179
altidore17 said:
Haha I've figured it out finally..

Nbaker= Cheney
Droski= Bush

Welcome to the board guys! Droski how bout them Rangers!?
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Actually I despise Cheney and Bush. Bush is the worst president of my lifetime.
 
#180
#180
BigPapaVol said:
amazingly enough, this will go unanswered, as altidore only rolls bipartisan and, as such, can't deign to answer such silliness - especially for fox news lovers like the crowd here.
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you're both probably on ignore
 
#181
#181
Altidore must be bummed his private jet is being targeted by Obama.
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#182
#182
altidore17 said:
My beliefs on the subject are that I support increased taxes on the rich and that if you give the middle class more money they will spend it. I believe the economy starts from the bottom up.

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If you were at the bottom you would believe that. You are in the middle which is probably why you are actually advocating from the "middle up".
 
#183
#183
droski said:
He's either a troll or a flaming liberal with a GED. Can't decide which.
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Bam nailed it - sounds like that guy from a while back. I can't remember his screen name but the style is very similar.
 
#186
#186
nbakerld said:
A "real thing"? I have no idea what you mean by that. Many economists steer clear of saying "trickle down" because it's become a political pejorative. Many classic economic theories reflect the "trickle down" concept, for instance Marginal Propensity to Save.
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It is utter stupidity to pretend that trickle down isn't real. I understand the red herring that the terminology has become, but that doesn't make it untrue. The left hijacking the terminology to load into the class warfare cannons has bred an entire group of knuckleheads who know little more than what pundits might tell them.

Again, we have the best situated poor people in the history of the world and that isn't because we've gone Robin Hood for 70 years. Robbing Peter to pay Paul has actually hurt the impact that our enormous economic growth would have otherwise had on the impoverished. As it is, the vast majority have cars, TVs, AC, heat, food, cell phones, etc, etc, etc, etc, etc, etc...
 
#188
#188
nbakerld said:
If you were at the bottom you would believe that. You are in the middle which is probably why you are actually advocating from the "middle up".
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No I am just a believer in that you need the lower and middle class to spend more money to jumpstart the economy. I just don't see how giving the rich more money helps anything. Idk that's just me though.
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#190
#190
altidore17 said:
No I am just a believer in that you need the lower and middle class to spend more money to jumpstart the economy. I just don't see how giving the rich more money helps anything. Idk that's just me though.
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How in your mind do the middle and lower classes accumulate income to spend?

And where does it come from?
 
#192
#192
utvolpj said:
cash vollin/kicker33? Don't think it is but very similar views
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Nope this is the only username I've had. Apparantly there's only certain views you can have on here or the pitchforks start to come out haha.
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#193
#193
altidore17 said:
No I am just a believer in that you need the lower and middle class to spend more money to jumpstart the economy. I just don't see how giving the rich more money helps anything. Idk that's just me though.
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so consumerism will solve all our ills? How much less consumer spending is there today than there was in 2005?
 
#194
#194
altidore17 said:
No I am just a believer in that you need the lower and middle class to spend more money to jumpstart the economy. I just don't see how giving the rich more money helps anything. Idk that's just me though.
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from the article you wouldn't read

But the Top 5 percent in income earners — those households earning $210,000 or more — account for about one-third of consumer outlays, including spending on goods and services, interest payments on consumer debt and cash gifts, according to an analysis of Federal Reserve data by Moody’s Analytics.
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#195
#195
Vols520 said:
Easy. That money could have been earmarked for entitlements. The people spend those entitlements on goods.
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Andthe iraq war contracotrs didn't hire people who spent it on goods? Either way no one is arguing war spending is efficient only that it doesn't hurt the economy.
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#196
#196
altidore17 said:
Nope this is the only username I've had. Apparantly there's only certain views you can have on here or the pitchforks start to come out haha.
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you can have any view you like as long as you can reason through your own support for said opinion. If it's clearly crap you're regurgitating and you really have no idea why, then you'll get skewered, justifiably.
 
#197
#197
utvolpj said:
from the article you wouldn't read
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not sure that stat helps much. Would be that gross consumer spending is up over 2005, regardless of who is spending it, so we get the same money multiplier either way.

It's just a bad argument that consumer spending would be the fix.
 
#198
#198
tigervol9802 said:
How in your mind do the middle and lower classes accumulate income to spend?

And where does it come from?
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They make up the majority of the country, so if you can make more jobs (which no party can seem to figure out how to do) the middle class will have money, spend the money, and boost the economy. I've been having to answer so many different angles its hard to remember what I have and haven't said haha.

You raised a good point though, where does that money come from? I think if the politicians figure that out that we can get out of this bad recession. I'm not expert so I don't know where it comes from.
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#200
#200
altidore17 said:
No I am just a believer in that you need the lower and middle class to spend more money to jumpstart the economy. I just don't see how giving the rich more money helps anything. Idk that's just me though.
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Ugh, this statement makes my head spin. The Government doesnt give the rich money, they EARN it.
 
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