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Works in theory and practice.Arising_uk wrote:And yet trickle-down economics does not appear to have worked?Walker wrote: Cut taxes. Small business then has more money to pay workers more and hire more workers. ...
Not according to the economist who proposed it and in practice it's not worked over here, the rich are much richer and the poor much poorer since we tried this.Walker wrote:Works in theory and practice.
Other factors are obviously in play. There's a black hole somewhere.Arising_uk wrote:Not according to the economist who proposed it and in practice it's not worked over here, the rich are much richer and the poor much poorer since we tried this.Walker wrote:Works in theory and practice.
Walker wrote:Other factors are obviously in play. There's a black hole somewhere. I'm assuming tickle down is what old Henry was doing, as I described.Arising_uk wrote:Not according to the economist who proposed it and in practice it's not worked over here, the rich are much richer and the poor much poorer since we tried this.Walker wrote:Works in theory and practice.
Gubberment programs in the U.S. of A. have automatic increases built in so the politicians don’t have to go on the record as voting for more taxes. Whenever the rare tax cut is proposed, it is actually a cut in the rate of increase.
This has been going on for quite some time. And the baseline is how much was previously spent, so a lot gets spent to get more of an increase. The math just don’t work. Duh.
Then for propaganda, it gets dumped on minimum wage and the poor business owner gets demonized and out come the pitchforks. Uh huh.
Well mainly they're called off-shore tax-havens as the rich and congloms take the tax breaks and stick them there rather than re-investing in staff and R&D or even lowering prices.Walker wrote:Other factors are obviously in play. There's a black hole somewhere.
Not sure how it works over here. Pretty sure the Chancellor of the Exchequer just puts them up during the budget.Gubberment programs in the U.S. of A. have automatic increases built in so the politicians don’t have to go on the record as voting for more taxes. Whenever the rare tax cut is proposed, it is actually a cut in the rate of increase.
Minimum wage doesn't appear to have cut employment over here, we're about 5% unemployed over-all but I think the figure a bit iffy, still thats the 2015 oficial rate.This has been going on for quite some time. And the baseline is how much was previously spent, so a lot gets spent to get more of an increase. The math just don’t work. Duh.
Then for propaganda, it gets dumped on minimum wage and the poor business owner gets demonized and out come the pitchforks. Uh huh.
Bullshit. Your big taxes are mostly needed to fund corporate welfare, your ruinously expensive and inefficient health system and your bloated military. It is your international geo-political adventures which have driven your country to the brink of bankruptcy and for what? Your mighty military got the shit kicked out of them in Afghanistan by a gang of bandits hiding in the hills making bombs out of cowshit and kerosene.Walker wrote:Of course, those big taxes are necessary to pay the unfunded political promises and the big gubberment pensions of those retiring at age 50.
Oh dey got lots of ways to spend dem taxes, boss. And they always need more. Give 'em $4 thousand billions, next year they'll need $5 thousand billions. Tis the lobbyists who write the legislation, the reps in Congress don’t even read it. They can’t. It’s too big, and the voting is always done in a last minute panic because for years Congress has simply ignored their responsibility to pass an annual budget. The richest counties in the U.S. geographically surround Washington. It’s like the bottomless trough is a circle with hogs surrounding it. Really ... big ... hogs. Wonderful visual for a sculpture or cartoon.Obvious Leo wrote:Bullshit. Your big taxes are mostly needed to fund corporate welfare, your ruinously expensive and inefficient health system and your bloated military. It is your international geo-political adventures which have driven your country to the brink of bankruptcy and for what? Your mighty military got the shit kicked out of them in Afghanistan by a gang of bandits hiding in the hills making bombs out of cowshit and kerosene.Walker wrote:Of course, those big taxes are necessary to pay the unfunded political promises and the big gubberment pensions of those retiring at age 50.
That's the beautiful thing about democracy, mate. The people always get the government they deserve. Chuck the fuckers out into the street.Walker wrote: Tis the lobbyists who write the legislation, the reps in Congress don’t even read it. They can’t. It’s too big, and the voting is always done in a last minute panic because for years Congress has simply ignored their responsibility to pass an annual budget.
bobevenson wrote:The trouble with you, pal, is that you think the world owes you and others like you a fucking living, but keep your fucking hands out of my pocket, OK?
Indeed, not rocket science.Obvious Leo wrote:This is hardly rocket science and 20th century economic history is adequate proof of it. Most of the rapid rise in economic prosperity during this period arose as a result of pressure from the trade union movement to increase the number of people in the economy with spending power. This was further boosted in the 1970s when wage equality for women was introduced but there has been a steady decline ever since. The idea that an economy can sustain itself by having proportionally fewer people with money to spend is a proposition which defies human reason.Hobbes' Choice wrote: some people think that putting cash in people's pockets so that they can BUY THINGS, helps the supply/demand equation.
Yeah Chinese water torture.Walker wrote:Works in theory and practice.Arising_uk wrote:And yet trickle-down economics does not appear to have worked?Walker wrote: Cut taxes. Small business then has more money to pay workers more and hire more workers. ...
*Yawn*bobevenson wrote:Economics is the allocation of property and labor, and free-market capitalism is the only proper mode of operation.
The torture of infinite time and nowhere to go.Hobbes' Choice wrote:Yeah Chinese water torture.