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It's a possibility but we're talking of different locations different countries it's like if you live in Alyssa Afghanistan okay it's a different culture there
originally posted by: TrulyColorBlind
I don't know.... I wonder if people aren't dying off faster, (because of the chemicals intentionally placed in our foods), and could the fact that there are so many more people in the world at present that it might be making that loss less noticeable? What is the average age now, 79 years old? Methuselah lived to be 969 years old. 79 seems less than 969.
originally posted by: quintessentone
Same old thing, it's the 1980s bad economics all over again and it doesn't matter who is running the show, the trickle down economy does not work, never has worked and never will work, except for the wealthy.
The phrase “trickle down” often comes up in discussions of tax policies. Historically, tax revenues have in a number of instances gone up when tax rates have been reduced. But any proposal by economists or others to cut tax rates, including reducing the tax rates on higher incomes or on capital gains, can lead to accusations that those making such proposals must believe that benefits should be given to the wealthy in general or to business in particular, in order that these benefits will eventually “trickle down” to the masses of ordinary people. But no recognized economist of any school of thought has ever had any such theory or made any such proposal. It is a straw man. It cannot be found in even the most voluminous and learned histories of economic theories.
What is sought by those who advocate lower rates of taxation or other reductions of government’s role in the economy is not the transfer of existing wealth to higher income earners or businesses but the creation of additional wealth when businesses are less hampered by government controls or by increasing government appropriation of that additional wealth under steeply progressive taxation laws. Whatever the merits or demerits of this view, this is the argument that is made – and which is not confronted, but evaded, by talk of a non-existent “trickle-down” theory.
More fundamentally, economic processes work in the directly opposite way from that depicted by those who imagine that profits first benefit business owners and that benefits only belatedly trickle down to workers.
When an investment is made, whether to build a railroad or to open a new restaurant, the first money is spent hiring people to do the work. Without that, nothing happens. Even when one person decides to operate a store or hamburger stand without employees, that person must first pay somebody to deliver the goods that are going to be sold. Money goes out first to pay expenses and then comes back as profits later – if at all. The high rate of failure of new businesses makes painfully clear that there is nothing inevitable about the money coming back.
Even with successful and well-established businesses, years may elapse between the initial investment and the return of earnings. From the time when an oil company begins spending money to explore for petroleum to the time when the first gasoline resulting from that exploration comes out of a pump at a filling station, a decade may have passed. In the meantime, all sorts of employees have been paid — geologists, engineers, refinery workers, and truck drivers for example. It is only afterwards that profits begin coming in. Only then are there any capital gains to tax. The real effect of a reduction in the capital gains tax is that it opens the prospect of greater future net profits and thereby provides incentives to make current investments that create current employment.
In short, the sequence of payments is directly the opposite of what is assumed by those who talk about a “trickle-down” theory. The workers must be paid first and then the profits flow upward later – if at all.
Politics. In the US, Republican tax plans and policies are often labeled "trickle-down economics", including the Reagan tax cuts, the Bush tax cuts and the Tax Cuts and Jobs Act of 2017.
originally posted by: cooperton
There's so many things that are unique to this age that would not make sense at any other time. When else has there been flying metal machines with the ability to 'sting'?
originally posted by: quintessentone
Politics. In the US, Republican tax plans and policies are often labeled "trickle-down economics", including the Reagan tax cuts, the Bush tax cuts and the Tax Cuts and Jobs Act of 2017.
rickle-down economics is a term used in critical references to economic policies to say they disproportionately favor the upper end of the economic spectrum, i.e., wealthy investors and large corporations.
originally posted by: lSkrewloosel
Humans dont have the uses anymore now AI is around. Make them sick and profit
Make them not want to breed that much
Sexualise the kids as the only jobs that will be available will be sexual soliciting. Desensitise them for this
Reduce population
Contrrol the rest under social credit systems and global goverment.
Most recently, Trump relied on the trickle-down economics to cut corporate, capital gains and individual tax rates, all of which primarily benefited the wealthy. So consumer spending did not generate enough economic growth to replace the tax revenues lost from the cuts. Nor did the cuts spur the business investment and hiring promised by Trump. In fact, business investment plummeted. Corporations, instead of investing in their businesses and hiring more Americans, used their newfound profits to buy back record amounts of their stock and purchase or merge with other companies, firing employees to avoid redundancies.
Republican objections to increasing U.S. deficits and debt seem purely political, disingenuous and at odds with history. Since Franklin Delano Roosevelt, Republican administrations contributed more to federal deficits and the debt needed to finance them than Democratic ones. As one viral social media post correctly put it, Ronald Reagan increased the deficit from $70 billion to $175 billion. George H.W. Bush raised it to $300 billion. Bill Clinton cut it to zero. George W. Bush brought it up to $1.2 trillion. Barack Obama then halved it to $600 billion. Donald Trump ran it back up to a trillion dollars before COVID-19.
Every dollar invested in infrastructure under the AJP is expected to return $1.50, which is among the highest rates of return for federal government spending. And by 2024, the AJP would grow GDP by 3.8 percent and add 13.5 million jobs, compared with just 2.2 percent GDP growth and 11.4 million jobs if it doesn’t become law.
Biden seems willing to compromise and may partially walk back the corporate tax increase he proposed to pay for infrastructure spending, which Republicans are opposing. But he shouldn’t compromise the fundamental shift he has signaled from trickle-down to trickle-up. Income and wealth inequality worsens health problems, dropout rates, crime levels, political instability and overall economic risk. Given the failures of trickle-down, Biden’s pivot to trickle-up economics holds the best promise to change this equation. Republicans should give it a chance, starting with passing Biden’s infrastructure initiative.
originally posted by: quintessentone
Trickle down economics (over the past several decades) does not work and never will work:
What's that old saying: “Insanity is doing the same thing over and over and expecting different results.”
originally posted by: Xtrozero
originally posted by: quintessentone
Trickle down economics (over the past several decades) does not work and never will work:
What's that old saying: “Insanity is doing the same thing over and over and expecting different results.”
So you kind of missed my point that there really are no Trickle-Down economic theories. President Biden’s $1.9 trillion American Rescue Plan Act (ARPA) and his $2.2 trillion American Jobs Plan (AJP) are just more government-inflated costs, no creation of new income/profit, just more tax costs.
Liberals do not look past their noses... Why did all the "good" jobs go overseas? Now you can be a barista or get a Government job, sounds so much like Greece it is scary. If you actually read my post I said get taxes into reasonable ranges as in aligned with the rest of the world, and that is what Trump did. Also, cut the red tape that just never stops building, and let companies grow. In the 70s we saw job losses and inflation, 80 we saw people actually have good jobs and inflation was checked, 90s we saw job losses and inflation by Clinton's second term, 2000s we had jobs go back up and inflation went down even though the two wars were wrong on many levels, but that is another story. 2010 another big down with jobs, housing, and inflation, 2016-2020 all big increases low inflation, and life was good once again. 2020 is right back into total crap...
All I need to do is to look at my life and know where my vote goes...lol
originally posted by: quintessentone
I did not miss your point, I posted actual historical data to prove the use of that theory through several decades of different governments and it never works, is my point.
Every dollar invested in infrastructure under the AJP is expected to return $1.50, which is among the highest rates of return for federal government spending.