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FUCK TRICKLE DOWN ECONOMICS

 
DAN
User ID: 473681
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09/05/2008 05:05 PM
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FUCK TRICKLE DOWN ECONOMICS
Trickle down economics doesn't work as evident of the past 8 years has proved is businesses will stop at nothing,(and this includes breaking the law) to make more money but the way I have come to see it is that its not they they want more money(they already have enough of that). They want for you to not have any. Money=Power Therefor I conclude that the companies and people who want trick down economics want to take the power you have left. All money that you have is power that they don't have.

Trick Up economics.

Would this work? I think so and heres how.

Majority of the people spend every dime they have. Its true. The people who save actually support the value of the currency.

Raise the minimum wage. This wont cause too much inflationary pressure because most shit is made in China Anyway.

Give poor people more money and they will buy "shit". They will put more people to work because there will be more demand for "SHIT". Each time money changes hand in for people buying shit some rich fuck can take there portion.

Trickle Down economics doesn't work because it gives all the power to the rich to do the right thing. Which you know they wont.

Any ideas about trickle up economics and any potential downsides that I am failing to see. Seems to make sense that if you give the majority of the people more money that eventually that money will buy things and go back into the rich peoples pocket. Only now the middle class have more "shit."
Anonymous Coward
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09/05/2008 05:15 PM
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Re: FUCK TRICKLE DOWN ECONOMICS
Sho you right! 5a
ElijahModerator
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09/05/2008 05:19 PM

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Re: FUCK TRICKLE DOWN ECONOMICS
Raising the minimum wage usually translates into less low paying jobs and inflationary effects as the companies simply pass the cost on to the consumer.
Bob(tm) nli
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09/05/2008 05:19 PM
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Re: FUCK TRICKLE DOWN ECONOMICS
Dan, you are absolutely correct.

"Trickle down economics" has repeatedly been tried and failed.

The disparity between rich and poor has dramatically increased each time it was implemented.

It is a classic case of a proven *failed policy* that is repeatedly pushed by the very bullheaded and wrong Republicans.
Bob(tm) nli
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09/05/2008 05:21 PM
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Re: FUCK TRICKLE DOWN ECONOMICS
Raising the minimum wage usually translates into less low paying jobs and inflationary effects as the companies simply pass the cost on to the consumer.
 Quoting: Elijah

Minimum wage is mostly inconsequential. In most states, the minimum wage is ridiculously low and lower than the lowest prevailing wage anyway.
Dan (OP)
User ID: 473681
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09/05/2008 05:25 PM
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Re: FUCK TRICKLE DOWN ECONOMICS
Raising the minimum wage usually translates into less low paying jobs and inflationary effects as the companies simply pass the cost on to the consumer.
 Quoting: Elijah



Yes but what is made in the USA anymore. Everything is made in china. Are you telling me the US couldn't pass a law limiting the amount of profit goes to shareholders.

IN the 90's shareholders got a lower percentage of the profits and workers got a higher percentage. Inflation was lower and the unemployment rate was lower. When rich people make money they invest it in commodities and artificially create more inflation. They will not pass the cost to the consumer unless the consumer is willing to pay it.
Skipper1975

User ID: 448826
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09/05/2008 05:25 PM
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Re: FUCK TRICKLE DOWN ECONOMICS
fuck the fed reserve too!




NESARA....demand it!
~we(me,kalindi,nimai and our unborn) need some help.
[link to blogs.myspace.com]
Dan (OP)
User ID: 473681
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09/05/2008 05:29 PM
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Re: FUCK TRICKLE DOWN ECONOMICS
I think thats its not just one thing thats changed since the Clinton years its the entire way of doing business. We need to pass laws about how much profit goes to employees and how much goes to shareholders. That is the only way to keep wages high enough for a healthy economy. Wages have gone down 8 percent while prices have gone up 40 percent. So society in general is only half as wealthy as they were just 8 years ago. Republicans have absolutely raped this country yet have the the country have a credit fetish and want even more ass reaming.
Dan (OP)
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09/05/2008 05:32 PM
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Re: FUCK TRICKLE DOWN ECONOMICS
How can an economy survive when people don't have enough money to buy anything.

FUCK REPUBLICANS
Anonymous Coward
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09/05/2008 05:34 PM
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Re: FUCK TRICKLE DOWN ECONOMICS
all americans should be given the freedom to trickle down, trickle up or sideways if they want without being punished. I started a business and now make about 300,000 a year and it took a lot of hard work and sweat to get from working at McD's to get to this point. Why should i be punished with higher taxes just because i succeeded and decide to trickle down and hire workers. Do u even understand what would happen to me if u increase minimum wage...not much. I will still be well off but guess what? couple of my employees will not be cause i will have to fire them to afford to pay the others more money...not only that but i will have to increase prices. Now imagine that happening in a large scale. I already pay about 37% in taxes. I think the answer is to get the government to a point where they dont spend spend so much money that there doesnt need to be any federal taxes just state tax. That will make it fair for everyone. simple as that..no punishment for being rich and no punishment for being poor.

look what what happened during the clinton age. He made taxes higher which was good for the governmnet cause the got more money and werent in debt any longer but the american people had less money in their pocket cause it was taxed more so the people resorted to much more credit card usage especially businesses..they also needed more loans to cope especially business. Some thing with bush dont let those little tax cut fool u. We are in the mess were in cause the government take away the mony from the people to redistribute through welfare and such so the people resort to credit. they only way to increase wages significantly the government needs to get rid of income tax. that the only way i can see it working. For instance rigtt now i pay my workers 8.50 which is about minimum wage here in california....lets say in order for a person to live of ok they need 15 bucks an hour. The only way i can afford it is if i dont have to pay 37% to the government which i do now. Id rather give it to my employees than washington. Having the government forcing to pay employees 15 bucks an hour an getting rid of income tax is compromise that i think would work. but good luck getting the government letting go of the tit.
Dan (OP)
User ID: 473681
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09/05/2008 05:41 PM
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Re: FUCK TRICKLE DOWN ECONOMICS
The problem is not taxing you. You are ok.(otherwise you wouldnt make 300k/yr The problem is people making millions of dollars and actually getting more money back then they payed in. This does happen and its bullshit.
ElijahModerator
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09/05/2008 05:51 PM

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Re: FUCK TRICKLE DOWN ECONOMICS
Yes but what is made in the USA anymore. Everything is made in china. Are you telling me the US couldn't pass a law limiting the amount of profit goes to shareholders.

IN the 90's shareholders got a lower percentage of the profits and workers got a higher percentage. Inflation was lower and the unemployment rate was lower. When rich people make money they invest it in commodities and artificially create more inflation. They will not pass the cost to the consumer unless the consumer is willing to pay it.
 Quoting: Dan 473681



The manufacturing that occurs in the US is under a different classification of skilled labor and would pay more than minimum wage.

Labor costs is one reason the Chinese complete so easily with the US market offering lower prices ue to extremely lower costs. By buying Chinese products the problem only worsens anyway.

By raising the minimum wage, you will adversely effect the unskilled sector. You hope they will gain more money and improve their position, but it will result in fewer such jobs and/or higher prices overall.

One predominately minimum wage market is the food industry for example. The prices will rise to meet the new labor demand. The inflationary effects will cancel out the gains in wage.

The best way to improve your position is to improve your individual skill set and earn higher wages that way. Also, the US needs policy changes toward trade with China that will make manufacturing viable again int he US. We need to be making things and buying American goods. This would create more and better opportunity for Americans.
Anonymous Coward
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09/05/2008 06:16 PM
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Re: FUCK TRICKLE DOWN ECONOMICS
The problem is not taxing you. You are ok.(otherwise you wouldnt make 300k/yr The problem is people making millions of dollars and actually getting more money back then they payed in. This does happen and its bullshit.
 Quoting: Dan 473681


what do u mean the problem is not taxing me. You said the problem is that the wages are too low and people cant live off those wages. The reason i cant pay higher wages to my workers is because i pay too much taxes. I agree with you that government gets in to bed with many businesses to give them incentive to prop up the economy cause the government spends so much money and takes money away from the people. The problem of government giving many breaks to mulit billion dollar companies is a symptom, not the problem. They do it cause it is only the multi billion companies that have the power because of amount of employees they have and amount of money they can generate to artificially prop up the economy and the government knows it. It not right that they do this...ur right. The thing is the democrats if they pass a bill to increase taxes to those that make more than 250,000 bucks lumps me up with those other multi million companies. The problem is not the companies..the problem is the way the government handles the monetary system. The goal of a company is to make as much money as they can by balancing product quality, wages, taxes so they can expand. If a company sees a loop hole in the tax system or is offered incentive by the government of course they are going to take it. Solution is too get the government much much smaller and get it to a point where its not the role of the government to provide so much services and incentive so they dont get into debt which leads to a bad economy which leads to government having to give incentives and tax breaks to big companies to prop up the economy....not only will we debt free but there will no longer be a need for income taxes and the small businesses like me can afford to give descent wages like 15 bucks an hour. If we how ever only treat the symptom...the giving of the incentive to big companies and tax breaks, it will make no difference in a way that will actually benefits regular or poor folks.

like a said solution to the problem u stated of low wages is this:

1. decrease government expenses, programs, and services (government wasnt meant to be a business). this way there is no debt at all.
2. have government stop giving incentives or special treatments to both the rich, middle class and poor
3. decrease the income tax to something waaaaaay lower like 7%.
4. increase minimum way to about 13-15 bucks.

This way business when forced to pay 15 bucks an hour can actually afford it without firing workers or raising prices because they are not giving 30% percent of their income to the government.

to keep it simple lets say i take in a total of 300,000..(gross income..not after taxes) if i dont have to pay 30% to government i get to keep an extra 90,000 buck. divide that by my 3 employees and that equals to an additional 15 bucks an hour. So they would be making a total of about 23.50 an hour..of hours i wont pay them that high..probably pay them 15 bucks (enforced) and then expand my business and hire two more people. Now you have 4 people making 15 bucks an hour because i dont have to pay 30% and because the minimum wage was increased to 15 bucks instead of paying two people 8.50.
Anonymous Coward
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09/05/2008 06:22 PM
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Re: FUCK TRICKLE DOWN ECONOMICS
correction to above

I meant of course i wont pay them that high...not "of hours i wont pay them that high"

another correction

I have 3 employees making 8.50
if add 2 with tax breaks and increase i would have 5 employees making 15 bucks and hour not 4
Dan (OP)
User ID: 473681
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09/05/2008 07:39 PM
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Re: FUCK TRICKLE DOWN ECONOMICS
This is an argument with many answers. The problem is taxes in the first place. Why isn't there a 1 million dollar classification for taxes, then 5 million, Why doesn't this adjust with inflation. Taxes are absolutely necessary. It is actually a way to support a currency. The problem is what are we getting back for those taxes. Where are those taxes going. 100,000,000,000 dollars is wasted in fuel every year due to waiting in traffic from infrastructure that is antiquated.

If that money was spent in smart ways it would help the economy.

Rich billionaires have become too rich. Too powerful.
During the Clinton years small businesses thrived. Even with the so called higher tax rate. This is because middle class people had more money to spend.

Billion Dollar corporations should have to pay the highest taxes. This money should be put into a fund to go to people starting small businesses for tax breaks, making it easier to start up your own business.

If people actually received things for their taxes they would be more willing to pay them. All taxes should be called upon a vote of the people.

Commodity trading needs to come to a halt. One of the core causes of inflation. Why should some fucking billionaire be able to set the price of wheat. Starve people to make a quick buck. If there is going to be a shortage in food jacking up the price will do nothing but make sure the poor people are the ones who starve.

You speak like 300,000 a years is barely scraping by.
If there were no police to stop or catch me I would kill you and take everything you have. Luckily for you, You pay taxes for those services.

THE SYSTEM IS FUCKED
Anonymous Coward
User ID: 497959
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09/05/2008 07:41 PM
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Re: FUCK TRICKLE DOWN ECONOMICS
Trickle down economics works - always has, always will. But the left-wing crack pot liberals don't like it. Why? Because it raises people out of poverty, it makes them work.

And we can't have that. After all, left-wing liberal woo-woos like the OP only vote for the democraps as long as they get their government check every month. If he had to work for himself, he'd be voting republican.
ElijahModerator
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09/05/2008 07:43 PM

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Re: FUCK TRICKLE DOWN ECONOMICS
...
If there were no police to stop or catch me I would kill you and take everything you have. Luckily for you, You pay taxes for those services.

THE SYSTEM IS FUCKED
 Quoting: Dan 473681


Watch the threats.
Dan (OP)
User ID: 473681
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09/05/2008 07:45 PM
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Re: FUCK TRICKLE DOWN ECONOMICS
Taxes are only taken on profits man. If your having to pay taxes on your gross. Then you have the wrong accountant.

Your just greedy like every other business owner.
Don't try to sugar coat it. You make enough money in a year to pay 8 people 8.50 an our and still take home 50,000.

I'm not saying you should or that it even makes sense to hire people you don't need. What I am saying however is that your a liar. Paying people minimum wage is like telling the world what a greedy fuck you are.
Anonymous Coward (OP)
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09/05/2008 07:52 PM
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Re: FUCK TRICKLE DOWN ECONOMICS
...
If there were no police to stop or catch me I would kill you and take everything you have. Luckily for you, You pay taxes for those services.

THE SYSTEM IS FUCKED


Watch the threats.
 Quoting: Elijah


It's not a threat. I'm making a point. He pays taxes and expects services for those taxes.

Now I would never actually go to his house and do that and he knows it. But there are millions of people in this country that would if they had that chance and that is the point I was trying to make.(I didn't hear people saying Ben Stein was threatening Glen Beck when he said the exact same thing to him 6 months ago on his show.)

I also own a small business and I gross about 600,000 dollars a year. I pay 8 people 22 dollars/hour plus 70% of their health benefits and I take home after taxes 125,000 dollars. See the difference here is I'm not greedy.
I make more than enough money to raise my family and live in a nice house in a nice neighborhood.
ElijahModerator
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09/05/2008 07:56 PM

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Re: FUCK TRICKLE DOWN ECONOMICS

It's not a threat. I'm making a point.
He pays taxes and expects services for those taxes.

Now I would never actually go to his house and do that and he knows it. But there are millions of people in this country that would if they had that chance and that is the point I was trying to make.(I didn't hear people saying Ben Stein was threatening Glen Beck when he said the exact same thing to him 6 months ago on his show.)

I also own a small business and I gross about 600,000 dollars a year. I pay 8 people 22 dollars/hour plus 70% of their health benefits and I take home after taxes 125,000 dollars. See the difference here is I'm not greedy.
I make more than enough money to raise my family and live in a nice house in a nice neighborhood.

 Quoting: Anonymous Coward 473681


1. It was a borderline threat. That's why I didn;t ban you.
2. Don't care what Ben Stein does, this is GLP
3. Don't care what you make.

Death threats will get you banned. Plain and simple... even a leet guy like you can understand.
Anonymous Coward
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09/05/2008 07:58 PM
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Re: FUCK TRICKLE DOWN ECONOMICS
Trickle down economics is now called supply side economics.

Meaning if you give the rich more money they will buy more high end items like houses, boats, cars, etc, etc and that will make more jobs for the middle class to supply them with these items.

Two classes; Superwealth and disposables.

Median family income is lower now than eight years. Mainly due to outsourcing high paying and manufactoring jobs.
Dan (OP)
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09/05/2008 08:03 PM
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Re: FUCK TRICKLE DOWN ECONOMICS
Trickle down economics works - always has, always will. But the left-wing crack pot liberals don't like it. Why? Because it raises people out of poverty, it makes them work.

And we can't have that. After all, left-wing liberal woo-woos like the OP only vote for the democraps as long as they get their government check every month. If he had to work for himself, he'd be voting republican.
 Quoting: Anonymous Coward 497959


Trickle down economics does not work. Never has, never will. But the right-wing fanatical conservatives like it. Why? Because instead of making 5 billion a year they can make 6.



And we can't have it any different. After all, right-wing conservative inbreds like AC 497959 only vote for the repugnicans because they've been brainwashed to believe republican propaganda. If he had to think for himself, he'd vote for democrats.
Anonymous Coward (OP)
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09/05/2008 08:04 PM
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Re: FUCK TRICKLE DOWN ECONOMICS
Trickle down economics is now called supply side economics.

Meaning if you give the rich more money they will buy more high end items like houses, boats, cars, etc, etc and that will make more jobs for the middle class to supply them with these items.

Two classes; Superwealth and disposables.

Median family income is lower now than eight years. Mainly due to outsourcing high paying and manufactoring jobs.
 Quoting: Anonymous Coward 495418

And why did they outsource it?

To make more money....
Dan (OP)
User ID: 473681
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09/05/2008 08:05 PM
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Re: FUCK TRICKLE DOWN ECONOMICS

It's not a threat. I'm making a point.
He pays taxes and expects services for those taxes.

Now I would never actually go to his house and do that and he knows it. But there are millions of people in this country that would if they had that chance and that is the point I was trying to make.(I didn't hear people saying Ben Stein was threatening Glen Beck when he said the exact same thing to him 6 months ago on his show.)

I also own a small business and I gross about 600,000 dollars a year. I pay 8 people 22 dollars/hour plus 70% of their health benefits and I take home after taxes 125,000 dollars. See the difference here is I'm not greedy.
I make more than enough money to raise my family and live in a nice house in a nice neighborhood.



1. It was a borderline threat. That's why I didn;t ban you.
2. Don't care what Ben Stein does, this is GLP
3. Don't care what you make.

Death threats will get you banned. Plain and simple... even a leet guy like you can understand.
 Quoting: Elijah


Ok I will tone it down. I went a little to far with that one.
Anonymous Coward
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09/05/2008 08:06 PM
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Re: FUCK TRICKLE DOWN ECONOMICS
Trickle down economics works - always has, always will. But the left-wing crack pot liberals don't like it. Why? Because it raises people out of poverty, it makes them work.

And we can't have that. After all, left-wing liberal woo-woos like the OP only vote for the democraps as long as they get their government check every month. If he had to work for himself, he'd be voting republican.


Trickle down economics does not work. Never has, never will. But the right-wing fanatical conservatives like it. Why? Because instead of making 5 billion a year they can make 6.



And we can't have it any different. After all, right-wing conservative inbreds like AC 497959 only vote for the repugnicans because they've been brainwashed to believe republican propaganda. If he had to think for himself, he'd vote for democrats.
 Quoting: Dan 473681


Trickle down economics works because the rich tend to be horders and want to get everything comped. I worked in Vegas and they just expected everything to be free; suite, food, treatments, shows. If they don't get freebies they stay at the place that will. They also are the most horrible tippers.
Heck

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09/05/2008 08:07 PM
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Re: FUCK TRICKLE DOWN ECONOMICS
"Trickle down"

Don't piss on me and tell me its raining.
Anonymous Coward
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09/05/2008 08:09 PM
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Re: FUCK TRICKLE DOWN ECONOMICS
Trickle down economics is now called supply side economics.

Meaning if you give the rich more money they will buy more high end items like houses, boats, cars, etc, etc and that will make more jobs for the middle class to supply them with these items.

Two classes; Superwealth and disposables.

Median family income is lower now than eight years. Mainly due to outsourcing high paying and manufactoring jobs.

And why did they outsource it?

To make more money....
 Quoting: Anonymous Coward 473681


Exactly. If you can pay a slave .50 or a slave $15 per hour. You move the jobs to the country with the .50 per hour slaves. It helps the mighty bottom line.
DAN (OP)
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09/05/2008 08:12 PM
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Re: FUCK TRICKLE DOWN ECONOMICS
Greed. Plain and simple.