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Poll closed Poll
Question: Do you think the trickle down system works
*** This poll has now closed ***


Yes    
  1 (14.3%)
No    
  5 (71.4%)
Maybe    
  1 (14.3%)
Not sure    
  0 (0.0%)




Total votes: 7
« Created by: Ajax on: Feb 11th, 2018 at 9:40am »

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does trickle down economics work (Read 2896 times)
Ajax
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does trickle down economics work
Feb 11th, 2018 at 9:38am
 
The neoliberalism system we have today was fostered by Milton Freedom and his Chicago boys from the 1950's to early 1970's, although it didn't come into fruition in its entirety until Reagan, Thatcher and Hawke adopted the policies of free market capitalism.

These events gave rise to the trickle down system or that's what we were told.

Who thinks the trickle down system works and why.....??
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1. There has never been a more serious assault on our standard of living than Anthropogenic Global Warming..Ajax
2. "One hour of freedom is worth more than 40 years of slavery &  prison" Regas Feraeos
 
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Ajax
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Re: does trickle down economics work
Reply #1 - Feb 11th, 2018 at 9:40am
 
.
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1. There has never been a more serious assault on our standard of living than Anthropogenic Global Warming..Ajax
2. "One hour of freedom is worth more than 40 years of slavery &  prison" Regas Feraeos
 
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AiA
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Re: does trickle down economics work
Reply #2 - Feb 11th, 2018 at 12:30pm
 
Work? What do you mean by "work?" If you mean has it made the rich richer and the poor poorer, then yes, it works very well.
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Re: does trickle down economics work
Reply #3 - Feb 11th, 2018 at 12:37pm
 
I voted "maybe" as "trickle down" means many different things.

Some things I've heard of as being described as trickle down:

*Deregulation (itself a vast topic)
*Union busting
*Cutting personal income taxes
*Cutting corporate income taxes
*Cutting capital gains and dividend taxes

In terms of terms of whether or not it "works", well that depends on what works means.  The supply side program was successful in reducing inflation for instance, but it didn't cause employment or growth miracles.  And its most basic claim did come true--the hours worked by the most highly compensated people increased significantly.  Bear in mind it was a different world then...the top income tax rate here was 70%, so that was a real disincentive to work more.

The top Reagan tax bracket cut paid for itself, but all the other bracket cuts cost money.  Some have insisted tax cuts always pay for themselves, which just isn't so.

Thatcher was successful in increasing economic growth in the UK compared to the abysmal late 70s, but at some terrible costs (the miners most severely, deindustrialization most seriously).  That said British labor unions truly were out of control.

And I think it's well accepted that "trickle down economics" increases inequality, though the role of "free trade" and mass immigration can't be ignored.
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Re: does trickle down economics work
Reply #4 - Feb 11th, 2018 at 3:45pm
 
Ajax wrote on Feb 11th, 2018 at 9:38am:
The neoliberalism system we have today was fostered by Milton Freedom and his Chicago boys from the 1950's to early 1970's, although it didn't come into fruition in its entirety until Reagan, Thatcher and Hawke adopted the policies of free market capitalism.

These events gave rise to the trickle down system or that's what we were told.

Who thinks the trickle down system works and why.....??

Partly: depends what country you live in!

Shocked

Aristocracy innit  Shocked Shocked
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stunspore
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Re: does trickle down economics work
Reply #5 - Feb 11th, 2018 at 8:05pm
 
AiA wrote on Feb 11th, 2018 at 12:30pm:
Work? What do you mean by "work?" If you mean has it made the rich richer and the poor poorer, then yes, it works very well.


+1 for me.
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Gordon
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Re: does trickle down economics work
Reply #6 - Feb 11th, 2018 at 8:08pm
 
There's a forum member here who admitted to paying a German woman on The Reeperbahn to take a tinkle on him.

Seems like Trickle Down worked for them.
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IBI
 
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Re: does trickle down economics work
Reply #7 - Feb 12th, 2018 at 1:54pm
 
Gordon wrote on Feb 11th, 2018 at 8:08pm:
There's a forum member here who admitted to paying a German woman on The Reeperbahn to take a tinkle on him.

Seems like Trickle Down worked for them.

Proof?

Shocked
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......Australia has an illegitimate Government!
 
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Re: does trickle down economics work
Reply #8 - Feb 12th, 2018 at 1:56pm
 
trickle up economics sure works.
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Re: does trickle down economics work
Reply #9 - Feb 12th, 2018 at 1:57pm
 
AiA wrote on Feb 11th, 2018 at 12:30pm:
Work? What do you mean by "work?" If you mean has it made the rich richer and the poor poorer, then yes, it works very well.

Exactly: it's just a natural aristocracy and/or caste sytem being allowed to develop!

"Democracy", aka THE BLACK UMBRELLA, is a means to an end assuming it promotes unnatural equality arising a solidified mediocrity!

Oh, and then there's mass immigration,... like wtf is actually going on here  Roll Eyes  Shocked Shocked Shocked Shocked Shocked  Tongue ?
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......Australia has an illegitimate Government!
 
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Re: does trickle down economics work
Reply #10 - Feb 12th, 2018 at 2:00pm
 
Mr Hammer wrote on Feb 12th, 2018 at 1:56pm:
trickle up economics sure works.

What is that?
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......Australia has an illegitimate Government!
 
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Re: does trickle down economics work
Reply #11 - Feb 14th, 2018 at 4:17pm
 
Q - does trickle down economics work?

A - NO!
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Re: does trickle down economics work
Reply #12 - Mar 3rd, 2018 at 11:04am
 
...
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Re: does trickle down economics work
Reply #13 - Mar 3rd, 2018 at 5:27pm
 
It may not appears so in the short term, but our standard of living would not have risen to what it is today if it was not at least true some of the time. I know how we lived when I was a child, and my parents could not even afford a car. Now, everyone on our street has three and a boat. So don't start whinging about how hard these times are.
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Re: does trickle down economics work
Reply #14 - Mar 3rd, 2018 at 5:35pm
 
Ajax wrote on Feb 11th, 2018 at 9:38am:
The neoliberalism system we have today was fostered by Milton Freedom and his Chicago boys from the 1950's to early 1970's, although it didn't come into fruition in its entirety until Reagan, Thatcher and Hawke adopted the policies of free market capitalism.

These events gave rise to the trickle down system or that's what we were told.

Who thinks the trickle down system works and why.....??



Are we wealthier, healthier and generally better off since the 70's?


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