Wealth doesn't trickle down – it just floods offshore, research reveals

originally posted by: corvuscorrax

originally posted by: ScientificRailgun

originally posted by: Specimen
a reply to: ScientificRailgun

Yea, its been done before even with some poor, middle class, and even the rich, where the family steady and secure, but won't give a cent to their children when they reach a certain age due to the lack of discipline...brrrhh.

And it actually worked for the most part, to where they are very secure, independent, and manage themselves very well. If anything, it's a great way to protect ones own investment for future considerations of putting someones name in a will that won't blow it as easy as they got it on Cocaine or Hookers.

It how one makes the right investments by making the right choices in life isn't it?

Which I've seen happen with one of my parents siblings, who blew a fortune of life savings in a month. Now he's a bum on some street corner that I won't want to go near, which is probably down the street.

Easy come, easy go.

Easy come easy go indeed.

It always infuriates me to see this trust fund kids running around blowing their parent's fortunes on superficial garbage.

That's why when I heard about this recent trend I was like "hell yeah!"

And to Mr. SheopleNation:

I do donate to charity. I actually donated about 250 dollars to Doctors Without Borders just last night while watching a charity marathon for gaming.

Right on I've been watching SGDQ for the last few days. No money to donate but great stuff they're doing.

Someone just donated 10,000.00$

Yup!! It was SGDQ.

I've watched/donated to GDQ since it started. Good group of people. Last I checked they'd raised almost 500,000 this year.

There's always gong to be rich and poor it's the govt that keeps the rich rich as we've seen since 2007.

a reply to: crazyewok

What is the difference between being Rich and being Wealthy? Give me a number. If you are rich I see you every day on the highway in the supermarket, you may be one of my clients. If you are wealthy in my opinion you are living in a different world all together. The op is referring to wealthy ppl or corporations who use their influence (lobby) to increase, or maintain their wealth by avoiding taxation ( tax loopholes and offshore banking), stealing public funds and assets (subsidies, international treaties) and exploiting marginalized communities ( opening factories in developing countries), the WEALTHY do this and tell me not to worry about the unfairness of it because their accumulated wealth from this robbery will Trickle Down to Me. WRONG, I have to be really ignorant to swallow that load.

originally posted by: anarkyangel
a reply to: crazyewok

What is the difference between being Rich and being Wealthy? Give me a number.

It's not a number, it's about income stream and consumption. Someone that earns 500k a year via a salary is Rich, someone that earns 500K in interest each year on money already earned or inherited is Wealthy.

Of course it is not an either or scenario, but that is the rough definition in my world.

a reply to: burdman30ott6

Ill buy in to your line of thought, what about it if instead of taxing the WEALTHY
The Goverment does its job which is IMO to set and enforce the grond rules for the open market to do its thing,
Stop subsidizing ONLY them,
Stop bailing out ONLY them,
Stop going overseas and defend ONLY their interest.
That will get your budget real slim,
Instead of this false dichotomy between either tax the rich or dismantle wellfare programs.
The rich are not the problem, the poor are not the problem, the WEALTHY though they are getting a betting right know, they are some good ones though (All the guys on Shark Tank ) I still dream maybe one day one of them will come out and run but Trump is not it, wake up everybody No TRICKLE Down economics please and yes no tax the rich crap neither.

OK, folks. Enough of the getting personal nonsense.

We're discussing trickle down economics, and it's pros and cons. Not each other.

Let's practice a little common courtesy towards each other.

Do not respond to this post.

originally posted by: anarkyangel
a reply to: burdman30ott6

Ill buy in to your line of thought, what about it if instead of taxing the WEALTHY
The Goverment does its job which is IMO to set and enforce the grond rules for the open market to do its thing,
Stop subsidizing ONLY them,
Stop bailing out ONLY them,
Stop going overseas and defend ONLY their interest.
That will get your budget real slim,
Instead of this false dichotomy between either tax the rich or dismantle wellfare programs.

YES! There shouldn't be any of these subsidies, bailouts, and buttresses coming out of Washington DC for anyone! TARP was an abortion of everything reasonable about America's prior corporate policies. There shouldn't be such a thing as too big to fail. I'm also on board in regards to war for corporate interests... UNLESS they pay to play. That's one realm in which I would support some serious taxes or bills being issued to corporations. If we're going to wage war in some middle eastern oil field, Shell, Exxon, and BP should foot the bill 100%, including troop retirements and benefits.

a reply to: burdman30ott6

Interesting concept, if a bit unworkable.

Not an easy thing to prove...that a war is being waged for the profits of an oil company. Not that I don't like it, your plan that is.

Though perhaps something like a unit that conquers an oil field gets paid by BP, rather than Uncle Sam... That's doable, maybe...

But it'll never happen. Not until we start cutting lose some of, actually all, of the pols owned by the corporations. That's our job, and it seems we're unwilling to do it. Easier to send the same retreads back time after time.

Great wealth might not trickle down, but medium wealth seems to. Look at all the midsize business owners around the country(the middle class), we invest, hire, spend and buy, basically local.

Now if only we could bring back manufacturing.

a reply to: SunnyDee

Interesting points about small business, but the term trickle down refers to tax cuts for the BIG corporations. over 200 Fortune 500 companies have thousands of offshore accounts to avoid paying US taxes.

Many Thanks to our local community minded small bussinesses!

a reply to: anarkyangel

It's impossible. Governments are in the business of protecting the population. Free markets are in the business of making all but one entity lose everything.

An open market simply encourages outsourcing.
No bailout would have closed almost every college in the US and wiped out everyones retirement savings, except for 1-2 banks.

Markets are designed to make losers, not winners.

a reply to: burdman30ott6

The problem here, essentially, is that you don't understand the system. Lawyers become legislators and employ a kind of "Thieves Cant" (legaleze) to ensure that laws remain in place which favor one group of interests over another.

Hard work, "backbone" and self-determination are all fine and well, but this group of scumbags have employed their "cant" for 50 years to ensure the playing field will never be level for all, but rather -- will always be tilted in their favor.

Now, remove the safety nets and see what happens? Why not? It won't be the legislators who suffer the initial backlash. It will be YOU and ME, pulled from our cars at a red light, and killed for what we have in our pockets because people with nothing will see us as "the haves" even if we aren't.

Show me a single country on Earth where true libertarian values are made the law of the land. Argentina? Somalia? Where is this mythical paradise of horrible fiction and self-determination?

a reply to: AlaskanDad

This was the predictable result of the end of capitalism. Back when America was capitalist, foreign socialists would flood America with their investment money. Now with capitalism ended, the process has reversed.

originally posted by: 0zzymand0s
a reply to: burdman30ott6

The problem here, essentially, is that you don't understand the system. Lawyers become legislators and employ a kind of "Thieves Cant" (legaleze) to ensure that laws remain in place which favor one group of interests over another.

Hard work, "backbone" and self-determination are all fine and well, but this group of scumbags have employed their "cant" for 50 years to ensure the playing field will never be level for all, but rather -- will always be tilted in their favor.

Now, remove the safety nets and see what happens? Why not? It won't be the legislators who suffer the initial backlash. It will be YOU and ME, pulled from our cars at a red light, and killed for what we have in our pockets because people with nothing will see us as "the haves" even if we aren't.

Show me a single country on Earth where true libertarian values are made the law of the land. Argentina? Somalia? Where is this mythical paradise of horrible fiction and self-determination?

Somalia had the highest level of economic government before it became to dangerous for the researchers to measure and they no longer collected the statistics, so I think such a notion they became libertarian in their economy is made up nonsense. So by a socialist standard, they should have been some sort of utopia about the time the entire country turned into abject chaos. Had they been the most economically free country at the time, they would be doing great about now.

Hong Kong and Singapore are economically the most free places on the planet Earth. Both have among the best economies in the world. The only reason they have poverty issues is because hundreds of thousands of immigrants flood in to be part of the nearly capitalist system they employ. Singapore and Hong Kong have very small welfare programs, but they do exist.

Source: The Heritage Foundation
www.heritage.org...

And yes that is a bunch of conservatives. But find me a bunch of liberals who have a study that exceptionally well done, and then I'll use your source instead. See how that works? Conservatives are right when it comes to economics because they are doing the most scientific analysis of what works and what doesn't.

originally posted by: SheopleNation
a reply to: hopenotfeariswhatweneed

Go cry about being poor to all the starving people in third world nations. Oh you poor baby you. Bet you eat three square meals today, and you had your starbucks this morning though eh? Lmao! ~$heopleNation

You really are confused.......here i have an idea for you.....its a two stage solution.....

First being learn comprehension so you can actually contribute to the thread and secondly learn some manners,there no need to be rude because i pointed out your lack of understanding of being able to follow the content of the thread.....

a reply to: ScientificRailgun

Glad to hear that, no hard feelings at all my friend. I think the world can be a better place if we all do what we can to help each other, just without Government forcing us to do so. Have a great weekend. ~$heopleNation

a reply to: hopenotfeariswhatweneed

Stick to the topic, that usually helps. I apologize if I don't blame the rich for everything that is wrong in my life. Good luck with that though, nothing personal here at all. ~$heopleNation

a reply to: SheopleNation

Ok then....what makes you think i blame the rich for my life...lol women have caused me issues the rest is good...

I simply believe it is criminal for these mega corps to be able to dodge tax the way they do...they are part of the reason the worlds economies are failing and then little people are feeling the pinch because of it.......

If you are unable to see it for what it is i cannot help you there.....

The only thing that 'trickles down' from the ivory towers of the wealthy is the verbal diarrhoea they spout in the faces of the ignorant, gob-agape masses who swallow their nonsensical economical rhetoric time and again, despite their plight and every logical fibre in their being telling them they're being lied to.

a reply to: hopenotfeariswhatweneed

Never said I do not see that, but it takes many things to be adjusted so it doesnt end up back firing. You can keep on taxing more and more but if that kills jobs than your goal is an epic failure.

If you want to discuss solutions, lets include the fact that income taxes on individuals is the number one wealth killer there is. Or number one blood sucker of the worker, which you guys seem to always be fighting for.

If you take the corporate hating horse blinders off for a second, you might realize that the people who you believe represent you are owned by the Corporations because both parties are.

So when you combine the Democrats doing absolutely nothing about the mega corps you are talking about, with the fact that their only answer is to continue to raise taxes on the herds, what you end up with is exactly what we have here today.

Sure you have a good point about the mega corps, but lets not ignore the fact that D.C continues to raise income taxes with no end in sight until we end up like Greece. ~$heopleNation