The thing I don't like about this is that it treats trickle-down economics as if it's something that needs to be debunked. Trickle-down economics has never been a real economic policy, and never been seriously advocated by federal policy-makers. It is an entirely pejorative term created by detractors of supply-side economics. The policies of supply-side economics, however, are much more defensible, but it seems peopl…
Tax cuts for the wealthy only benefit the rich (2023)
51–60 of 218 posts
Re: Tax cuts for the wealthy only benefit the rich (2023)
#52Can we please tax the negative effect that big money has on the rest of us? I mean I'm perfectly fine with people who work hard making a lot of money. But that changes once that money is used against me. From that moment on I want to be compensated for damages, and the best way to do it is through taxes.
Re: Tax cuts for the wealthy only benefit the rich (2023)
#53Earlier quoted context omitted.
So do %s/trickle-down/supply-side/g , then, if it's the term that's bothering you. Doesn't "debunking" trickle-down economics then, by extension, debunk supply-side economics? I'm not clear on the meaningful difference
I don't know regex, but to be clear: trickle-down economics and supply-side economics are very different things. I don't blame you for conflating them since they are intentionally very confusing. One is a policy and the other is basically the name of a common criticism for that policy. For example, the Cartesian circle does not refer to any of the many mathematical advancements Rene Descartes discovered. Instead, it'…
Re: Tax cuts for the wealthy only benefit the rich (2023)
#54The thing I don't like about this is that it treats trickle-down economics as if it's something that needs to be debunked. Trickle-down economics has never been a real economic policy, and never been seriously advocated by federal policy-makers. It is an entirely pejorative term created by detractors of supply-side economics. The policies of supply-side economics, however, are much more defensible, but it seems peopl…
Re: Tax cuts for the wealthy only benefit the rich (2023)
#55The thing I don't like about this is that it treats trickle-down economics as if it's something that needs to be debunked. Trickle-down economics has never been a real economic policy, and never been seriously advocated by federal policy-makers. It is an entirely pejorative term created by detractors of supply-side economics. The policies of supply-side economics, however, are much more defensible, but it seems peopl…
I always like to approach this conversation with a question: Should business that actually do create jobs in practice get bigger tax breaks? For example, if I by some miracle create a 1 man company that makes $100 million / year profit and somebody else creates a company that makes $100 million / year profit but has 2,000 employees...should the two companies be taxed differently? Walmart employees 1.6 million people…
It’s a good thing farming needs an order of magnitude fewer farmers than a century ago.
Re: Tax cuts for the wealthy only benefit the rich (2023)
#56Earlier quoted context omitted.
I don't know regex, but to be clear: trickle-down economics and supply-side economics are very different things. I don't blame you for conflating them since they are intentionally very confusing. One is a policy and the other is basically the name of a common criticism for that policy. For example, the Cartesian circle does not refer to any of the many mathematical advancements Rene Descartes discovered. Instead, it'…
I mean, one is a name of a policy used by supporters, and the other is another name of the same policy used by critics? Name an actual difference?
I can name you differences, but it's like comparing apples and oranges.
Re: Tax cuts for the wealthy only benefit the rich (2023)
#57Earlier quoted context omitted.
You’re describing the Laffer curve. Much of Reagan’s trickle down stuff was based on the idea that we were on the wrong side of the peak.
Yeah, I intentionally referenced the Laffer curve. Essentially I think folks use it to only argue for less taxes, but I think it applies both ways.
Re: Tax cuts for the wealthy only benefit the rich (2023)
#58Earlier quoted context omitted.
I mean, when I googled supply-side economics it said it was another name for trickle-down economics. I'm interested in how you'd say they differ, honestly, not trying to be argumentative. I found at least found one analysis (by a left leaning think tank, so take it for what you will) https://www.americanprogress.org/article/the-failure-of-supp... that seems to show that supply-side economics hasn't panned out. It see…
I don't know where you're looking, but if you go to the first result for trick-down economics, the Wikipedia page, within the first few lines it mentions how the term is used, and how it was created by detractors of supply-side economics. It's never been a real policy. "the term 'trickle-down economics' was popularized by Democrats in the US to derogate Reaganomics" If you similarly look up supply-side economics, at…
Re: Tax cuts for the wealthy only benefit the rich (2023)
#59Earlier quoted context omitted.
I don't know regex, but to be clear: trickle-down economics and supply-side economics are very different things. I don't blame you for conflating them since they are intentionally very confusing. One is a policy and the other is basically the name of a common criticism for that policy. For example, the Cartesian circle does not refer to any of the many mathematical advancements Rene Descartes discovered. Instead, it'…
You just said trick-down wasn't a real thing so how can you say it's different from supply-side?
Re: Tax cuts for the wealthy only benefit the rich (2023)
#60There's an observation.