The Decivilizing of America

[neurosis]

Kinda like that "trickle down economics" myth that not a single Republican ever championed.
 Total invention of the left

"Trickle-down Economics" is a pejorative in the same way "TDS" is. There is no literal "trickle-down economics".  It's not difficult to understand why they call it that. Well, for some of us 

If you are trying to be literal, I think it is called supply-side economics?

[mkd]

"Trickle-down Economics" is a pejorative in the same way "TDS" is. There is no literal "trickle-down economics".  It's not difficult to understand why they call it that. Well, for some of us 

If you are trying to be literal, I think it is called supply-side economics?

No. No it isn't.

[neurosis]

No. No it isn't.

"The term "trickle-down economics" was coined by Will Rogers to mock President Hoover's policies during the Great Depression and later became associated with supply-side economic policies under President Reagan."

  

[YoDoug]

"The term "trickle-down economics" was coined by Will Rogers to mock President Hoover's policies during the Great Depression and later became associated with supply-side economic policies under President Reagan."

  

Don't forget "Voodoo Economics". The left used to love that term as well.

[CNCAppsJames]

The phrase "trickle down" often comes up in discussions of tax policies. Historically, tax revenues have in a number of instances gone up when tax rates have been reduced. But any proposal by economists or others to cut tax rates, including reducing the tax rates on higher incomes or on capital gains, can lead to accusations that those making such proposals must believe that benefits should be given to the wealthy in general or to business in particular, in order that these benefits will eventually "trickle down" to the masses of ordinary people. But no recognized economist of any school of thought has ever had any such theory or made any such proposal. It is a straw man. It cannot be found in even the most voluminous and learned histories of economic theories.

Thomas Sowell

[neurosis]

Thomas Sowell

But any proposal by economists or others to cut tax rates, including reducing the tax rates on higher incomes or on capital gains, can lead to accusations that those making such proposals must believe that benefits should be given to the wealthy in general or to business in particular, in order that these benefits will eventually "trickle down" to the masses of ordinary people.

When it comes to corporate/business tax cuts, they *do*, not *should*, benefit business owners and corporations. NOBODY believes that those benefits are expected to "trickle-down". Well, unless you listen to Republican politicians. I'm not sure how that's a strawman.

[mkd]

"The term "trickle-down economics" was coined by Will Rogers to mock President Hoover's policies during the Great Depression and later became associated with supply-side economic policies under President Reagan."

  

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

[neurosis]

When you say associated, you mean propagandized by the left. A myth, nonetheless.

First of all, those weren't my words. That was a quote from an economist.

Secondly, what you're saying doesn't even make sense. It's like saying "supply side economics" doesn't exist (is a myth) or is leftist propaganda because the left started calling it trickle-down economics?     I guess Obamacare is just a myth then? 

[gcode]

NOBODY believes that those benefits are expected to "trickle-down".

of course they trickle down.
prospering businesses provide jobs, business for supporting industries which equals more jobs
their stocks rises and they pay dividends which benefit every American who has a 401K.

The inverse is also true.
San Francisco is a perfect example of this.
Large businesses leave the state fleeing high taxes, regulations and crime.

edit
The downtown real estate market collapses and banks take huge  losses on loans
for empty office building and hotel.

The downtown businesses (bars and restaurants) that cater to the office workers fail.
Fewer people means less traffic in the downtown anchor stores and they shut down.
Before long the city center is a hollowed out shell.
You probably see the same thing in Seattle and Portland.

[mkd]

First of all, those weren't my words. That was a quote from an economist.

Secondly, what you're saying doesn't even make sense. It's like saying "supply side economics" doesn't exist (is a myth) or is leftist propaganda because the left started calling it trickle-down economics?     I guess Obamacare is just a myth then? 

Nice strawman argument.🤣🫣 I never said what you pretend.
 I said not a single Republican ever championed the term trickle down.
 TDS isn't a pejorative, it should be entered into the DSM diagnostic and statistic manual as a mental affliction

[mkd]

of course they trickle down.
prospering businesses provide jobs, business for supporting industries which equals more jobs
their stocks rises and they pay dividends which benefit every American who has a 401K.

The inverse is also true.
San Francisco is a perfect example of this.
Large businesses leave the state fleeing high taxes, regulations and crime.
The downtown businesses (bars and restaurants) that cater to the office workers fail.
Fewer people means less traffic in the downtown anchor stores and they shut down.
Before long the city center is a hollowed out shell.
You probably see the same thing in Seattle and Portland.

A rising tide lifts all boats

[neurosis]

of course they trickle down.

I didn't say that they didn't trickle down. I said that nobody believes that is the expectation. Which was in reference to Thomas Sowells quote -

"But any proposal by economists or others to cut tax rates, including reducing the tax rates on higher incomes or on capital gains, can lead to accusations that those making such proposals must believe that benefits should be given to the wealthy in general or to business in particular, in order that these benefits will eventually "trickle down" to the masses of ordinary people. "

I can say with confidence that they don't *always* trickle down and the data on that isn't difficult to look up. Tax breaks don't always lead to higher wages or better benefits.

The inverse is also true.
San Francisco is a perfect example of this.
Large businesses leave the state fleeing high taxes, regulations and crime.
The downtown businesses (bars and restaurants) that cater to the office workers fail.
Fewer people means less traffic in the downtown anchor stores and they shut down.
Before long the city center is a hollowed out shell.
You probably see the same thing in Seattle and Portland.

We don't quite have the regulation issues that Cali has, but knowing the politicians in this State, it's not going to be far off.

Businesses leaving due to over taxation is a different conversation. Especially when it comes to Federal vs local.  We just had a massive capital gains tax increase in Washington State this year. I'll let you know how that goes.

I've seen all the Seattle tech companies threaten to leave after Seattle implemented the payroll expense tax for large companies. None of them left. I believe they did negotiate a lower tax.

And yes, we do see quite a few small businesses shutting down in Seattle but for a lot of different reasons. Everything from too high of rent, lack of customers due to high prices, difficulty finding employees.. the list goes on. 

[neurosis]

I said not a single Republican ever championed the term trickle down.

Nobody ever said that they did.

TDS isn't a pejorative, it should be entered into the DSM diagnostic and statistic manual as a mental affliction

Yes, and there should be both a left and a right diagnosis. The right for those who are blind to anything negative regarding Trump.

[CNCAppsJames]

When it comes to corporate/business tax cuts, they *do*, not *should*, benefit business owners and corporations. NOBODY believes that those benefits are expected to "trickle-down". Well, unless you listen to Republican politicians. I'm not sure how that's a strawman.

I understand Thomas Sowell... what you  posted??? #NotSoMuch

[neurosis]

I understand Thomas Sowell... what you  posted??? #NotSoMuch

I'm saying that in my opinion, what he's calling a straw man (the point he's making), 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.