Quote:
Originally Posted by Robbie
So, let's say a big company opens in an area...they hire 1000 people with good salaries.
Those thousand people now can afford to buy more things. So they spend more on nicer clothing. Go out to dinner more often. Go to the movies. Maybe buy a new car from a local dealer, etc.
Now the grocery store, the restaurants, the movie theater, clothing store, home improvement stores, local 7-11 store, etc., etc. are getting more business.
Matter of fact, new stores start to sprout up: a new cellphone store, a new video game store, a new Walmart, etc.
More jobs. More economic power.
Isn't that "trickle down" economics? It seems to make perfect sense to me. Where am I seeing things wrong on that?
I'm not "conservative", but I think that scenario works a helluva lot better than the current record numbers of people on food stamps and/or working part time jobs as companies try to avoid the onerous regulations of "ObamaCare"
Are you implying that I am "non-thinking and ignorant" because I have seen what happens when business thrives in cities?
And I have seen what happens when "thinking and enlightened" "liberal" economic policies are in place for decades: Detroit, Chicago, Oakland are just a few of those places.
I just don't see how you can look at things and not see with your own eyes that when business thrives in a community...the money does indeed "trickle down". How could it not?
|
That isn't trickle down economics that Republicans push.. What you described is a basic economy that grows due to supply and demand.
What the right wingers push, is that by taxing rich guys less it will equate to so called trickle down economics and it's been shown over and over that it doesn't work.
The truth is, tax plays only a small role in what businesses do, too much is of course bad, but what we pay in the US is nothing compared to other countries or even what was paid in the past here. Supply and demand is what grows or reduces the economy and it's silly to think the economy will always grow as a rule.
The simple fact is more money in the pockets of the middle class is what grew this country to what it is today. A rich guy that makes a billon a year might buy a couple cars or a luxury house or two. Meanwhile split that billion a year across a few thousand middle class people and suddenly it's thousands of cars and houses being bought..
This is why the theory of less tax = trickle down = bull shit, because it assumes that all that money that would have gone to taxes gets put into business and not someone's investment account..