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[–] 9485713? 3 points 31 points (+34|-3) ago  (edited ago)

People realize that trickle down economics is not and never was a real thing, right? The idea is basically a straw man set up by people who don't understand economics.

Thomas Sowell covers it well here:

http://www.tsowell.com/images/Hoover%20Proof.pdf

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[–] darkofthemoon 1 points 4 points (+5|-1) ago 

Too bad people who don't understand economics can get to run economics, because the "strawman" has definitely been used in practice, even in ways that don't involve token tax cuts to low-income people.

The problem is that people think that all recessions are supply-based (i.e. there is no spare money to invest in a new business) and can't be demand-based (i.e. it makes no economic sense to expand a business because the extra capacity would just stand idle). In the latter type of situation, corporations and rich people just hoard any extra money and blow up asset bubbles in lieu of actual productive investment because that's the most rational option for them. Radical new innovative technology would help, but innovation is hard and in a demand-based recession the market isn't like the theoretical concept of the ideal free market anyway, instead being likely to have monopolies and high barriers of entry.

Well, I suppose in some cases the real purpose behind trickle-down policies could be to plain transfer money to the ruling class and their friends without the corruption being too obvious.

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[–] 9488027? 0 points 0 points (+0|-0) ago 

Well, I suppose in some cases the real purpose behind trickle-down policies could be to plain transfer money to the ruling class and their friends without the corruption being too obvious

that's basically the only thing the government is good at. they package it up in all kinds of ways, but "trickle down" was never a real one.

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[–] bob3333 0 points 1 points (+1|-0) ago 

It was referred to at the time as "supply side" economics - the idea that boosting "job creators" or producers would boost the economy. Anyone who has taken any economics beyond Econ 101 knows that you can't create demand by increasing supply.

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[–] 9488003? 0 points 1 points (+1|-0) ago 

and anyone who knows economics knows that demand is insatiable. producing enough to satisfy it is the tricky part

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[–] Rainy-Day-Dream 8 points 14 points (+22|-8) ago 

gtfo commie filth you don't know shit about economics of anykind

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[–] eagleshigh 2 points 1 points (+3|-2) ago 

This. People don't understand they're pushing communist bullshit.

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[–] Rainy-Day-Dream 0 points 2 points (+2|-0) ago 

i'm suspicious that some of these anti-capitalist types know exactly what they are doing

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[–] aaronC 0 points 0 points (+0|-0) ago 

I don't think they understand how cups work. You don't keep pouring liquid into a cup and then the cup gets bigger. It overflows.

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[–] Rainy-Day-Dream 0 points 0 points (+0|-0) ago 

all you need to understand is how to tie a noose

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[–] Whitworth 4 points 12 points (+16|-4) ago 

Trickle-down economics

Oh, you mean the code phrase we're trained to use when talking about anything short of 90% tax rates on the productive class.

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[–] bob3333 0 points 2 points (+2|-0) ago 

I think they mean when we're talking about taxing actual productivity (i.e., working) more heavily than things that aren't productive, like collecting dividends and interest.

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[–] user2033 2 points 6 points (+8|-2) ago 

This implies that not taxing is equivalent to giving. It's not. It's equivalent to not stealing.

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[–] bob3333 0 points 0 points (+0|-0) ago  (edited ago)

So when a group of friends goes out to eat, making douchebag #1 pitch in when he doesn't want to pay his share is stealing?

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[–] user2033 0 points 0 points (+0|-0) ago 

That depends. Is a "good share" the cost of his own meal, or is he expected to pay more if he is richer? Does he subsidize the meals of you and your poorer friends? If so, does he do it because he wants to out of the goodness of his heart, or because you pressure him into it? If he doesn't want to subsidize your meal, do you threaten him with guns, or lock him in your basement?

Listen, it's fine with me if you are at peace with paying taxes. I am too. I pay my taxes like you do. I know I get less out than I pay in, and I still do it, and I don't even mind it that much. I realize that the state is here to stay. But I'm not going to lie to myself. I refuse to degrade myself by telling myself a sugary lie. If you're forced to pay under threat, and you never chose to enter into any agreement, it is theft.

I know you don't want to admit it if you are being stolen from and you aren't doing anything about it. I get it, it's degrading. But there's nothing either of us can do. We're at an impossible disadvantage. We got roped into this scheme from birth. We never had a chance to choose otherwise. I am secure enough with myself to admit when I'm beaten.

So pay your taxes. Be at peace with it. Don't be angry. I'm not. Just be honest with yourself about what it is. Don't convince yourself that at the age of zero you signed an invisible "social contract" with an invisible pen to pay whatever arbitrary number the government decides for the rest of your working life. That's retarded. You know better than that. Give yourself the gift of honesty.

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[–] TeranNotTerran 0 points 4 points (+4|-0) ago 

Oh, Voat..

The most modest incomes can bring in a car, a motorcycle, a TV, a PS4, and even this device which you are ranting about trickle down economics on. It's true that the richest are getting richer. The gap is growing ever more. But to say nothing trickles down? Not technology, not reduced costs?

Home ownership is down. Many important traits are. But to flatly deny any notion of trickle-down? Sure, it's obviously not like the wine glass at the top is the same size.

And what are you doing to fix this? Are you supporting the system by paying taxes, opening mortgages, holding loans on your car? Or do you trade with gold, silver, Bitcoin, and refuse to bank but the minimum required?

We let this system happen.

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[–] lemon11 0 points 0 points (+0|-0) ago 

The way to prevent people from becoming richer is to destroy wealth. They do plenty of that already. They want to destroy it all.

In death we are equal.

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[–] TeranNotTerran 0 points 1 points (+1|-0) ago 

Then I believe the answer is to create it and guard it. Banking gives them part of the leverage they need to destroy it. The legal system gives the other part.

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[–] bob3333 0 points 0 points (+0|-0) ago  (edited ago)

The way to prevent people from becoming richer is to destroy wealth.

False dilemma much? There's another way: prevent them from getting rich by forcing them to pay their own business expenses instead of having other taxpayers pick up the tab for them.

[–] [deleted] 1 points 4 points (+5|-1) ago 

[Deleted]

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[–] cyks 0 points 2 points (+2|-0) ago 

We are quickly becoming solo cups

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[–] Wowbagger 0 points 3 points (+3|-0) ago 

Perhaps not accurate but fucking funny.

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[–] HankRHill 1 points 2 points (+3|-1) ago 

the middle row should disappear in the last pic

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