Why is trickle-down economics still with us?

evince said:
How to save us from an Republican created crash
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No, he doesn't. He's never studied economics. He's never run a business (unless you want to admit his family is a crime syndicate). He has no private sector work experience. He's a moron and buffoon who's spent his entire life fucking things up in politics.

He hasn't got a clue and a good example of that is his push for greentard economics.
 
Concart said:
Because people like Stone don't have a clue about economics. If trickle down/supply side economics worked, we would not have seen a massive widening of the wage and wealth gap. It is literally proof that trickle down does not work. And we have gone so far down that rabbit hole that only a wealth tax will set a baseline from which we can correct the disparity. People like Stone have been duped by the rich guys into believing that it's the fault of lazy black people. And deep down he believes that because he, like his fellow Trumptards, is an ignorant racist.
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Trickle down worked. The money trickled down to the lower and middle income consumers.

The fault is that of the Unions. People bought foreign made goods instead of American goods because the Unions priced American manufacturing out of business. So the money trickled down and went overseas.

I know that is too complex for racist Jim Crow white libs to understand.
 
Flash said:
No method has worked consistently. At one time there was less inequality but everyone lived at a lower standard of living. Taxing the rich and providing more benefits to low income has not worked any better without eventually leading to inflation. Nations with more expansive social welfare systems usually have numbers worse than the U. S. --unemployment rate, inflation.....
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ROFLMAO. It seems you don't know your economic history. Please cite your instances of raising taxes causing inflation. Is higher taxes on the rich the cause of the current inflation since the current inflation occurred after reducing taxes on the rich. An examination of the GDP growth and tax rates shows there is no correlation between the two. Recessions occur for other reasons that tax rates. Growth occurs for other reasons than tax rates.

Countries with more expansive social welfare systems also have better health care and better health outcomes. They don't have worse inflation rates than the US. France's inflation rate last month was 5.6% Germany's inflation rate was lower then the US for 8 of the 9 months this year and only exceeded the US inflation rate last month as Russia cut off gas supplies.

You seem to think that you can simply make up facts and then claim they are true. Norway's inflation since 1980 has been almost identical to the US and often has been lower. Norway only had 3% or higher inflation 6 times from 1990 t0 2021. The US had 3% or higher inflation 11 times. France has had inflation 3% or higher 10 times and no years above 3 since 1993. From 1991 to today, Norway's unemployment only exceeded 6% once. The US has had 7 years with unemployment over 6%.

Simply put the countries into the following links
https://www.macrotrends.net/countries/FRA/france/inflation-rate-cpi
https://www.macrotrends.net/countries/NOR/norway/unemployment-rate

Of course someone should always be careful when comparing statistics between countries because they don't always collect or report in the same way making the comparison not realistic.

I want you to cite exactly when you think there was less inequality but everyone lived at a lower standard of living. Give me a decade.
 
Poor Richard Saunders said:
High demand and low supply causes inflation but that proves that demand drives prices and production.
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It drives prices and production but also decreases demand when prices increase too much like today. I think economics recognizes both demand and supply are important. Government often does a poor job of trying to manipulate these factors.
 
BidenPresident said:
Ever since Reagan and Thatcher first tried them, trickle-down policies have exploded budget deficits and widened inequality. At best, they’ve temporarily increased consumer demand (the opposite of what’s needed during high inflation that Britain and much of the world are experiencing).

Reagan’s tax cuts and deregulation at the start of the 1980s were not responsible for America’s rapid growth through the late 1980s. His exorbitant spending (mostly on national defense) fueled a temporary boom that ended in a fierce recession. The Donald Trump White House’s tax cut never trickled down.

Yet the US never restored the highest marginal tax rates before Reagan, and deregulation – especially of financial markets – is a continuing legacy.

https://www.theguardian.com/commentisfree/2022/oct/09/why-is-trickle-down-economics-still-with-us
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Why is trickle-down economics still with us? Because they actually work and make sense. But let's be clear about this meme, it is a made-up term by idiots in the DNC.

The notion that economics trickle up is laughably stupid and requires someone with no education to believe.
 
Poor Richard Saunders said:
ROFLMAO. It seems you don't know your economic history. Please cite your instances of raising taxes causing inflation. Is higher taxes on the rich the cause of the current inflation since the current inflation occurred after reducing taxes on the rich. An examination of the GDP growth and tax rates shows there is no correlation between the two. Recessions occur for other reasons that tax rates. Growth occurs for other reasons than tax rates.

Countries with more expansive social welfare systems also have better health care and better health outcomes. They don't have worse inflation rates than the US. France's inflation rate last month was 5.6% Germany's inflation rate was lower then the US for 8 of the 9 months this year and only exceeded the US inflation rate last month as Russia cut off gas supplies.

You seem to think that you can simply make up facts and then claim they are true. Norway's inflation since 1980 has been almost identical to the US and often has been lower. Norway only had 3% or higher inflation 6 times from 1990 t0 2021. The US had 3% or higher inflation 11 times. France has had inflation 3% or higher 10 times and no years above 3 since 1993. From 1991 to today, Norway's unemployment only exceeded 6% once. The US has had 7 years with unemployment over 6%.

Simply put the countries into the following links
https://www.macrotrends.net/countries/FRA/france/inflation-rate-cpi
https://www.macrotrends.net/countries/NOR/norway/unemployment-rate

Of course someone should always be careful when comparing statistics between countries because they don't always collect or report in the same way making the comparison not realistic.

I want you to cite exactly when you think there was less inequality but everyone lived at a lower standard of living. Give me a decade.
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It was not the tax increases but the increased spending that lead to the inflation. The high spending of the 1960s saw high inflation in the 70's. I agree that tax rates (or other single factors) do not cause recessions or other issues.

Current EU inflation rate is 10.10% and U. S. is 8.2%
Current EU unemployment rate is 6.7% and U. S. is 3.5%

If you want to use individual European countries you can find several examples of much higher rates and few lower.

The standard of living was almost always lower than today. The level of inequality fluctuated but generally increased after 1979. The pre-tax inequality is higher than after-tax inequality.
 
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