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Conservative's 'trickle down theory' is dead wrong according to study

JEDI

JEDI

Lifer
http://money.cnn.com/2015/06/15/news/economy/trickle-down-theory-wrong-imf/index.html?iid=SF_LN

Wealth does not trickle down from the rich to the poor. Period.

That's not Senator Elizabeth Warren talking.
That's the latest conclusion of new research from the International Monetary Fund, which analyzed 150 countries.

In fact, researchers found that when the top earners in society make more money, it actually slows down economic growth. 😱 😡
On the other hand, when poorer people earn more, society as a whole benefits.

The authors explain that high levels of income inequality drag down growth because poor people struggle to pay for health care and education, which hurts society as a whole.


Tax the rich more!

Use that $ to pay for better education/schools in poor neighborhoods.
and for programs that guide males away from a life of crime and jail.
 
Old news, though there is a devout cult that still clings to the myth. Remember, you can fool some of the people all of the time.
 
The thing males need to to guide them away from lives of crime and jail are two things: fathers, and employment. They don't need more government meddling.
 
JEDI said:
Tax the rich more!

Use that $ to pay for better education/schools in poor neighborhoods.
and for programs that guide males away from a life of crime and jail.
Click to expand...

Blue cities already use that model of high tax/high services and it doesn't seem to change the lot of the poor much. For every "nice" city like Austin you have a shitty city like Detroit. But maybe the poor of your city enjoy the fruits of your higher taxes, like better quality beatings from the police or quicker removal of homeless people or have living standards below places like Nigeria.
 
JEDI said:
http://money.cnn.com/2015/06/15/news/economy/trickle-down-theory-wrong-imf/index.html?iid=SF_LN

Wealth does not trickle down from the rich to the poor. Period.

That's not Senator Elizabeth Warren talking.
That's the latest conclusion of new research from the International Monetary Fund, which analyzed 150 countries.

In fact, researchers found that when the top earners in society make more money, it actually slows down economic growth. 😱 😡
On the other hand, when poorer people earn more, society as a whole benefits.

The authors explain that high levels of income inequality drag down growth because poor people struggle to pay for health care and education, which hurts society as a whole.


Tax the rich more!

Use that $ to pay for better education/schools in poor neighborhoods.
and for programs that guide males away from a life of crime and jail.
Click to expand...

Stop posting studies from commies. 😉
 
brycejones said:
Stop posting studies from commies. 😉
Click to expand...

Heh, the IMF are neo-liberals in the Reagan mold. There's only so much you can hold out in the face of evidence before the dams burst and you can't lie to people anymore. Even a neo-liberal organization like the IMF had to admit the truth finally.

And before conservatives get confused:

"Neoliberalism is famously associated with the economic policies introduced by Margaret Thatcher in the United Kingdom and Ronald Reagan in the United States."


https://en.wikipedia.org/wiki/Neoliberalism
 
I think the distinction needs to be made that although the present administration may not be endorsing trickle down economics like Reagan and Bush Jr. did, big business and the very rich are certainly practicing it like their very lives as self-made aristocrats, elitists and leaders of industry (of which they somehow see as being leaders/owners of the nation) depended on it.

And despite what others may think, to me, trade agreements that hurt our middle class and poor is an essential and integral part of that thoroughly debunked theory.

Refer to eight years of Bush/Cheney as irrefutable proof.
 
glenn1 said:
Blue cities already use that model of high tax/high services and it doesn't seem to change the lot of the poor much. For every "nice" city like Austin you have a shitty city like Detroit. But maybe the poor of your city enjoy the fruits of your higher taxes, like better quality beatings from the police or quicker removal of homeless people or have living standards below places like Nigeria.
Click to expand...

You'd do well to read the actual study in the RT link, because it doesn't say what you think it does, at all.

And you'd do well to remember that NYC houses over 50.000 homeless every night so sending a couple thousand per year into what are hopefully better circumstances isn't exactly like trying to offload homelessness onto somebody else.

You will, I'm sure, keep working at satisfying your desperate case of confirmation bias, scouring the internet for links to support your busted ideology.
 
Bowfinger said:
Old news, though there is a devout cult that still clings to the myth. Remember, you can fool some of the people all of the time.
Click to expand...
One of the most useless presidents this country ever had even knew it was complete garbage (Lyndon B. Johnson), so VERY old news and even a moron like him could see it.
 
TheSlamma said:
One of the most useless presidents this country ever had even knew it was complete garbage (Lyndon B. Johnson), so VERY old news and even a moron like him could see it.
Click to expand...

Unfortunately quite possibly THE most useless President (W) we've ever had doubled down on it.
 
dank69 said:
Society.
Click to expand...

Society or government?

If it's society, meaning the family and neighbors of such children, they should do what they can to provide those children with suitable male mentors. A mother could remarry (or otherwise provide a father figure), for example. Uncles or friends could step up.

Government should do very little. This is a problem best addressed by families, and when the government steps in to fill those shoes, they will displace the family's role, which will compound the problem.
 
glenn1 said:
Blue cities already use that model of high tax/high services and it doesn't seem to change the lot of the poor much. For every "nice" city like Austin you have a shitty city like Detroit. But maybe the poor of your city enjoy the fruits of your higher taxes, like better quality beatings from the police or quicker removal of homeless people or have living standards below places like Nigeria.
Click to expand...

Homelessness in the US is more of a mental health problem.
Who would have guessed that we see declining returns from a tax lever we have been pulling for decades? I'm all for some tax cuts for businesses but lets be smart about them. How about a tax cut for increasing the number of employees or one to encourage higher wages or god forbid targeted training to find Americans to take jobs aimed at H1B workers. These general tax incentives may work to some small extent but its foolish to keep doing the same thing without changes.
 
Fanatical Meat said:
Homelessness in the US is more of a mental health problems.
Who would have guessed that we see declining returns from a tax lever we have been pulling for decades? I'm all for some tax cuts for businesses but lets be smart about them. How about a tax cut for increasing the number of employees or one to encourage higher wages or god forbid targeted training to find Americans to take jobs aimed at H1B workers. These general tax incentives may work to some small extent but its foolish to keep doing the same thing without changes.
Click to expand...

Declining returns? The IRS has broken its revenue record each of the last 5 fiscal years. And that's adjusted for GDP.

usgr_chartRp02f.png
 
Atreus21 said:
Declining returns? The IRS has broken its revenue record each of the last 5 fiscal years. And that's adjusted for GDP.

usgr_chartRp02f.png
Click to expand...
Yes, because the country keeps growing and our economy keeps growing. It's the middle class that is declining, thanks in great part to the myth of trickle down.
 
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