The Decivilizing of America

[beej]

I'm saying that in my opinion, what he's calling a straw man, is itself a straw man.

I've never seen anyone make that argument. At least not in that way. 

He has been in the game a lot longer than I have, both in life, and economics, so mabye he's referring to something I've never heard before?   

Republicans push supply side economics. Democrats say that supply side economics benefit the wealthy more than the rest. In my opinion, there isn't much more to it than that unless we want to start arguing over made up terms.

how do you explain the record low unemployment among minorities in Trumps first term? Would you make the case that the corporate tax cuts Trump enacted had nothing to do with that?

[neurosis]

how do you explain the record low unemployment among minorities in Trumps first term? Would you make the case that the corporate tax cuts Trump enacted had nothing to do with that?

No, I wouldn't say that the Corporate tax cuts had "nothing to do with it". The fact is, I don't know whether they did, or didn't. Or if they did, how much. Do you?

I know that Republicans would never admit this, but Trump inherited a pretty damn good economy. The unemployment rate went down every year under Obama, and continued to go down at about that same pace during the first couple of years of Trumps first term.

My question for you, is, how do you explain the steady decline in the unemployment rate during the Obama admin?

And, did wages increase during Trumps first presidency when you take tariffs in to account? 

[Del.]

When you say associated, you mean propagandized by the left. A myth, nonetheless.
 Will Rogers never met neurosis😂
 

Will Rogers never met neurosis quote is brilliant. 😂

[beej]

No, I wouldn't say that the Corporate tax cuts had "nothing to do with it". The fact is, I don't know whether they did, or didn't. Or if they did, how much. Do you?

I know that Republicans would never admit this, but Trump inherited a pretty damn good economy. The unemployment rate went down every year under Obama, and continued to go down at about that same pace during the first couple of years of Trumps term.

My question for you, is, how do you explain the steady decline in the unemployment rate during the Obama admin?

we were recovering from the 2008 recession, unemployment was bound to decline as the economy recovered, and if you want to give Obama credit for the fact that it recovered rather than worsened, that's fair enough. But nobody thought that minority unemployment would get as low as it did while Trump was in office. the only variable that changed during that time was the corporate tax cuts, unless you know of something that I am overlooking.

[neurosis]

But nobody thought that minority unemployment would get as low as it did while Trump was in office. the only variable that changed during that time was the corporate tax cuts, unless you know of something that I am overlooking.

I guess you would have to make me understand how Corporate tax cuts would make a difference for that specific group of people when nothing else did. I'm not saying that they didn't make a difference. I just don't understand the if, how or the why.

[CNCAppsJames]

Distilled down... the point Thomas Sowell makes is that there is no such thing in reality as "trickle down" economics system. In ALL the economics publications by reputable economists it is never covered.

So "trickle down economics" is literally made up shit.

[neurosis]

So "trickle down economics" is literally made up shit.

I'm not disagreeing with you on that. 

Democrats might agree with you too in that "trickle-down" just doesn't exist. 

[beej]

I guess you would have to make me understand how Corporate tax cuts would make a difference for that specific group of people when nothing else did. I'm not saying that they didn't make a difference. I just don't understand the if, how or the why.

The Mellon tax cuts of the 1920s, implemented by Secretary of the Treasury Andrew Mellon, resulted in significant economic growth and a corresponding decrease in unemployment. The unemployment rate fell from 6.7% to 3.2% between 1922 and 1929, while real gross national product grew at an average annual rate of 4.7%. This suggests that the tax cuts may have positively impacted unemployment during that period

they don't just help a specific group of people. they help people. I used the example of minority unemployment because it is so obvious. you had people who were not working, previously, and now they are working. What changed?

[neurosis]

they don't just help a specific group of people. they help people. I used the example of minority unemployment because it is so obvious. you had people who were not working, previously, and now they are working. What changed?

Yes! Unemployment rates lowered across the spectrum. Even during the previous administration. I still don't know if corporate tax cuts had anything to do with it, or if unemployment was already on the trajectory to be that low. During Trump's first term, I mean.

I have a hard time comparing a 1920's economy to 2000's. I'd have to talk to someone better educated to know if you could apply 20's policy today and expect the same results.
 

[neurosis]

The trickle down argument summed up -


Republicans: A corporate tax cut will lead to higher wages and better benefits.

Democrats: Corporate tax cuts benefit the wealthy and aren't guaranteed to lead to better wages or benefits (trickle down) for the lower and middle class. They also risk lower tax revenue and a larger deficit.

Thomas Sowell:  No economist ever made such a proposal.

Refer to Republicans.