What is the evidence of the trickle down effect of economics?
Many politicians claim that wealthy companies equal investment in the people. Is this the best method of mutual growth?
Turn it around, what is the evidence of trickle up economics? I heard Obama say early in his term that he would build the economy from the bottom up. Ever got a job from a poor person? Do poor people purchase cars, tires, TVs, new homes, vacations, clothing, etc.??? Wealth is spent on others. Statistics say a dollar earned will pass through 7 hands before leaving the area. How many dollars do the poor pass around? .........hence trickle down economics. There is no argument for those who can't see this.
I'm sorry, but you dodged the question.
instead of redirecting, answer the question. Is there evidence that trickle down works? the wealthy have been doing really well for well over 20 years, isn't this trickle down in action?
There is certainly evidence where I live. New homes are being built for miles all around me. Unemployment is around 5%, taxes have been lowered indicating the rich are paying in plenty according to IRS, what more do you need?
The evidence is that the wealthiest 1% are getting progressively richer, while the rest of us get progressively poorer. In other words, there is no evidence, and all the statements of that supposed rule are just forms of propaganda. As I wrote in one of my Hubs recently: "The richest 1,000 people in Britain – 0.0003% of the population – have accumulated more wealth in the last three years than the entire national deficit. In fact they could pay off the deficit and still £30 billion to spare." This will apply in the USA as well as the UK.
As Michael Meacher MP said, in a recent letter to the Guardian: “77% of the budget deficit is being recouped by public expenditure cuts and benefit cuts, and only 23% is being repaid by tax increases. More than half of the tax increases is accounted for by the VAT rise which hits the poorest hardest. None of the tax increases is specifically aimed at the super-rich.”
In other words, it was the super rich who created the deficit, but it's the rest of us are expected to pay.
Just like to add that I've covered this topic here: http://cjstone.hubpages.com/hub/We-do-t … the-wealth
by Moderndayslave 7 years ago
With the income gap between the wealthiest American's and the soon to be decimated middle or working class ever increasing. How much more proof do you need that tax cuts for the wealthy isn't creating jobs or supplying wages that are holding their own against inflation....
by Mike Russo 6 years ago
The next time someone tells you that Obama is destroying the economy, remind them that the stock market and corporate profits are at all-time highs.When they tell you that this hasn't helped them, remind them they've just admitted Trickle-Down Economics doesn't work.All comments are appreciated.
by alexandriaruthk 23 months ago
What is the trickle down theory in economics and is it really effective?Some economic policies justification is that of the trickle down effect. what does this concept mean and how can you know if it really works. Can you really assess it? Please explain.
by My Esoteric 3 years ago
The bottom line of President Reagan's Right-wing endorsed economic policy is that "if you put more money in the hands of the wealthy, it will, 1) Expand the economy, 2) Let the boat rise with the economy, and 3) Prosperity will "Trickle-down to expand the middle class.None of those things...
by Julie Grimes 2 years ago
With the market lows today, nd the proven failure of Trickle Down Economics in 80's, how is now dif?What's going to be different between the failure of trickle down Economics of the 80's than tht of today? Trump's plan is Reagan's 1980's plan. It was a huge failure.
by ptosis 13 months ago
yea or nea? Are you HAPPY! that the richest .01% get less taxes? I mean - they did earn it didn't they?Do they just work harder? Is everybody else just stupid and lazy? Hard work will only get you so far if circumstances aren’t amenable. Do you believe that “If you’re still poor at 35, you...
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