Quote:
Originally Posted by Grapesoda
Robbie in this guys mind a business can only thrive by stealing the poor's money  |
I think that the politicians and media put out a message to shape our opinions and ideas.
And it's very effective.
I look for results and take what the news and politicians say with a grain of salt. They are all out for power and money anyway.
Common sense tells you that when a company opens a business and hires people...it's a GOOD thing.
And every economist in the world will tell you that companies thriving and hiring people is THE economic driving force.
So labels are thown out like "trickle down economics". That name came from humorist Will Rogers making fun of FDR's "New Deal" and saying the rich were pissing down on the poor. (ironic isn't it that the name "trickle down economics" actually was a joke about FDR and his Democrat economic policy lol...even though most of us think of Ronald Reagan...even though what he espoused was SUPPLY SIDE ECONOMICS)
Some Democrat economic scholars say it has been "disproved" when it "failed" to work in 1890. lol
The main reason that faux-liberal folks enjoy using that term derisively (and incorrectly), is from Keynesian Economists railing against tax breaks for the wealthy and calling that "trickle down economics" (even though...as I said it was actually a term invented by Will Rogers about FDR and the "New Deal")
I've never thought that "giving" tax breaks to the wealthy (in other words not TAKING as much of their money) created jobs.
But conversely, I don't see why the federal govt. should have carte blanche to take people's money just because they can.
I don't think the U.S. govt. TAKING more money from wealthy people creates any jobs or helps the economy either. It just gives career politicians and bureaucrats more power.
The only thing that truly helps the economy is when business thrives and the govt. created environment is conducive to growth of business and the consequential employment that brings.