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Yep. Demand for goods and services. And there can be no demand with low employment numbers.
We need another WPA and CCC, paid for by raising taxes to the levels they were under FDR, UHC, and major tax breaks for alternative energy developers who hire people .
I would love to hear the views of anyone who thinks it can be done differently.
While I am not sold on this idea we would have been better off paying people to work as opposed to paying people to buy a car or the billions we wasted on all the failed green ventures.
Buy into it or not I would gladly trade paying people here as opposed to paying people to work in Afghanistan repairing the things we blew up the day before.
Um, because 'trickle down' was just a GOP joke. Isn't it hilarious? To crush the poor and middle class, to demoralize workers and enrich the already filthy rich? To convince people to vote against themselves and blame the negative consequences on LIBERALS and TEACHERS and GAYS? ISN'T THAT FUNNY?
The Republicans could issue a logo consisting of a rich banker pissing on a homeless family and their base would go, 'Yaaayyyyy!'.
Ah, as I suspected, you are a liberal parasite attached to the working body of America, slacking off whenever you can, and when you're not, you're brainwashing our kids with liberal conspiracies like evolution and global warming!!! (I really wish there was an emoticon shaking fist over head, or a mob with burning torches, but this will have to do....)
Now, if you were running a nice reputable payday loan or adult entertainment business, we'd listen to ya!
The thread title is "trickle down". That does not just encompass tax cuts. As I pointed out, that is actually only a small part.
Come on, trickle down was used to justify lowering the highest earners' tax rates by Reagan. It did not work in the 1920s (the roaring 20s led right to the crash), nor did it work in the 1980s, nor did it work in the 2000s. What releasing that extra capital at the top does best is fuel speculative bubbles. Or at least that is the lesson of the history of the last century in American economics.
Investors would be better off putting cash in the mattress.
Quote:
Originally Posted by Winter_Sucks
The DOW is almost back to where it was before the recession began back in 2007, corporate profits are hitting historical highs, and the rich are getting richer. I'm just wondering when the economy is suppose to start improving? I was told that if those at the top make more it would lead to gains for the poor and middle class. Why is that not happening?
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and it sure has been working.
