Quote:
Originally Posted by crockett
I never said anything about trickle down.. I said tax cuts for both rich and poor help stimulate the economy. Don't cherry pick a specific thing to make it fit something that I'm not even arguing for.
A very easy example of a tax credit that helps stimulate the economy is the federal first time buyers program which helps new home owners get into a house a bit easier.
Again as I mentioned before, it's all a balance act. Extreme tax cuts for just the rich at the expense of everyone else, as the right would love, would do little or nothing to stimulate the economy, simply because they don't have the same spending power as the middle & lower class. Meanwhile when it comes to the middle class it's the largest buying power in this country so any extra money in their hands stimulates the economy.
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Dude, I wasn't hassling you at all. We actually agree on most things. I was getting to the big lie that's been running for 30 years: that lower taxes for the very rich encourages job creation and a robust economy.
That idea has been shown to be false, yet the the very rich - via 1)their mostly republican shills and 2)their outsized ability to manipulate the media - have continued selling this lemon.