Reply With QuoteEvery time.Originally Posted by evince
Truthmatters
how many times has trickle down ever worked assfuck
Verified User
Every time.
Truthmatters
Truthmatters
https://www.theguardian.com/business...omy-tax-havens
Wealth doesn't trickle down – it just floods offshore, research reveals
A far-reaching new study suggests a staggering $21tn in assets has been lost to global tax havens. If taxed, that could have been enough to put parts of Africa back on its feet – and even solve the euro crisis
Truthmatters
https://www.thebalance.com/trickle-d...t-work-3305572
Trickle-down economic theory is similar to*supply-side economics. That theory states that all*tax cuts, whether for businesses or workers, spur economic growth. Trickle-down theory is more specific. It says targeted tax cuts work better than general ones. It advocates cuts to corporations, capital*gains,*and savings taxes. It doesn't promote across-the-board tax cuts. Instead, the tax cuts go to the wealthy.
Both trickle-down and supply-side economists use the*Laffer Curve*to prove their theories. Arthur Laffer showed how tax cuts provide a powerful multiplication effect. Over time, they create enough growth to replace the*government revenue lost from the cuts. That's because the expanded, prosperous economy provides a larger tax base.
But Laffer*warned*that this effect works best when taxes are in the "Prohibitive Range." This range goes from a 100 percent tax rate down to some hypothetical rate somewhere in the middle. If the tax rate falls below this range, then further cuts will only lower government revenue without stimulating*economic growth.
Truthmatters
Reagan cut taxes significantly. The*top tax rate*fell from 70 percent (for those earning $108,000+) to 28 percent (for anyone with an income of $18,500 or more). Reagan also cut the*corporate tax rate*from 46 percent to 40 percent.*
Trickle-down economics was not the only reason for the recovery, though. Reagan also increased*government spending*by 2.5 percent a year. It almost tripled the federal debt, from $997 billion in 1981 to $2.85 trillion in 1989. Most of the spending went to defense. It supported Reagan's efforts to end the*Cold War*and bring down the Soviet Union.
Trickle-down economics, in its pure form, was never tested. It's just as likely that massive government spending ended the recession.*
Astraea
JPP Staff
Cypress (12-14-2017)
Banned
How many times has the concept of taking from the producers and simply handing it for nothing to the leeches ever worked? Never. $22 trillion wasted on such programs over 50 years and we still have the same percentage of leeches in society as before wasting that money which belonged to someone else.
Banned
Why don't the Africans put their own countries back on their feet. The Africans in the U.S. don't do it and it's easy to see where they learned it.
Let the Europeans solve their own crises. Funny how many of them use a type system you claim will work yet they have crises you want a country that uses a system you say doesn't work to help them.
fully immersed in faith..
Simple fact.....the proposed tax plan cuts the taxes of everyone earning less than $48,000 to zero........($24k standard deduction plus 0% tax rate on the first $24k of taxable income).........how do you cut their taxes more than 100%?......
MAKE AMERICA GREAT AGAIN
You might want to try some ex-lax or tell your boyfriend to let you rest for awhile.
SEDITION: incitement of resistance to or insurrection against lawful authority.
MAKE AMERICA GREAT AGAIN
You let it trickle down, after getting ass fucked!!
SEDITION: incitement of resistance to or insurrection against lawful authority.
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