Why is trickle-down economics still with us?

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BidenPresident

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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
 
Duh,......because EVERY economic system is trickle down with capitalism being far and away the best.
 
"Within weeks of taking office, Britain’s new prime minister, Liz Truss, and her chancellor of the exchequer, Kwasi Kwarteng, proposed a radical new set of economic measures that echoed the trickle-down policies of Margaret Thatcher and Ronald Reagan – heavy on tax cuts for the rich and deregulation.

Last Monday, after a backlash from investors, economists and members of his own party, Kwarteng reversed one of the proposals, deciding against abolishing the tax rate of 45% on the highest earners. But proposals for other tax cuts worth tens of billions of pounds remain intact, as the government insists it is on the right path.
 
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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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.
 
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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The right wing loves getting abused by a-holes like Trump.
 
Concart said:
Trickle down is not an economic system you fucking moron. It is a tax policy.
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Shut the fuck up Faggot before you get bitch made again. Havent you come to understand YET that you and your ACT arent needed here anymore?
 
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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th



Everyone's racist but you and your asshole libturds, right?
 
Stone said:
Shut the fuck up Faggot before you get bitch made again. Havent you come to understand YET that you and your ACT arent needed here anymore?
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You seem a little cranky this morning blockhead. Maybe get out and get a little fresh air. Maybe pick up 'Economic for Dummies'. You might understand it.
 
Concart said:
You seem a little cranky this morning blockhead. Maybe get out and get a little fresh air. Maybe pick up 'Economic for Dummies'. You might understand it.
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Not cranky at all,....just telling it the way it is. You are seen as unwanted here for the most part. Everyone is on to youre lies. ;)
 
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
Click to expand...

How about we just let people keep more of the money they earn and let them decide what to spend it on? Oh that's right you leftist dipshits need a mommy govt to tell you what to do.
 
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