Supply-side economics/Trickle-down economics

[Baltravens]

Good afternoon Ravens brethren,

Here are the facts on trickle-down economics. Professor Reich from Harvard and former Secretary of Labor presents a short 3-minute information session on the topic on YouTube:

https://youtu.be/cABuFmA3nhY


Commentary is welcome.



There are 2 types of disagreements:
1. on the facts

2. on the responses to the facts (viewpoints, opinions, attitudes, perspectives, etc.)



The Ivy League schools:

Brown
Columbia
Cornell
Dartmouth
Harvard
Penn
Princeton
Yale

[NCRAVEN]

So... I have a question.

If the economy is built from the bottom up. How come Mexico isn’t a super power?

[Baltravens]

So... I have a question.

If the economy is built from the bottom up. How come Mexico isn’t a super power?

My two cents on why Mexico is not a super power because they do not have the wealth and assets that a country like the USA has. Also, their economy is no where near what a super power has.

Maybe another Ravens brethren could comment or give evidence on the difference between what they export and import as well.

[CarrollCoRaven]

My two cents on why Mexico is not a super power because they do not have the wealth and assets that a country like the USA has. Also, their economy is no where near what a super power has.

Maybe another Ravens brethren could comment or give evidence on the difference between what they export and import as well.

Well, they export people and drugs, but neither helps the Mexican economy. It only helps the human smugglers and the cartels bottom line.

[Greg]

My two cents on why Mexico is not a super power because they do not have the wealth and assets that a country like the USA has. Also, their economy is no where near what a super power has.

Maybe another Ravens brethren could comment or give evidence on the difference between what they export and import as well.

The wealth and assets the USA has weren't sitting here for the taking in 1492. We have no more natural resources, less maybe, than Canada and Mexico has plenty. They have more than Japan, a lot more. The whole reason Japan attacked us in WWII is because we were a hindrance to them getting much needed natural resources. So how is it they are an economic powerhouse? How is South Korea?

Natural resources, if that is what you mean be assets, is not a tell on future economic power.

[Greg]

Good afternoon Ravens brethren,

Here are the facts on trickle-down economics. Professor Reich from Harvard and former Secretary of Labor presents a short 3-minute information session on the topic on YouTube:

https://youtu.be/cABuFmA3nhY


Commentary is welcome.



There are 2 types of disagreements:
1. on the facts

2. on the responses to the facts (viewpoints, opinions, attitudes, perspectives, etc.)



The Ivy League schools:

Brown
Columbia
Cornell
Dartmouth
Harvard
Penn
Princeton
Yale

Reich is full of crap. First of all, it isn't trickle down economics, it is supply-side economics. Trickle down is Bush's term he used to demean the position in the 1980 campaign against Reagan. Second, Bill Clinton's economy was a DIRECT result of supply-side economics. In the 80s investment went up tremendously because the "tax cuts for the rich" made it worthwhile for "the rich" to invest into the economy. But here is where his misconceptions or purposeful lying about it is realized; things like IRAs and 401Ks were part of the supply-side tax cuts. Middle-class people benefited tremendously from them and THIS IS WHERE THE REAL INVESTMENT INTO OUR ECONOMY CAME FROM! Middle-class folks putting money into savings and mutual funds and stocks caused the boom more than anything else.

The Reagan tax cuts weren't to put more money into the pockets of the rich to spend, it was to encourage more investment into businesses and it worked.

Bill Clinton also benefitted from the new conservative congress forcing him to accept things like a balanced budget and welfare reform.

The Trump tax cuts are going to have much the same effect which is why the stock market took off when he was elected. These tax cuts are designed to bring off-shore money back into the US to encourage business investment again. Lower taxes on businesses now allows trillions previously parked off-shore to come back to the US now that the tax rate is no longer the highest in the world for corporations.

Finally, what is the purpose of posting the Ivy League schools? Trump attended one of them, in case you didn't know. But it any case these places don't have some extra knowledge they are passing on. They are bastions of some of the most idiotic nonsense to ever hit the light of day.

[ravenmaniac4life]

Reich is full of crap. First of all, it isn't trickle down economics, it is supply-side economics. Trickle down is Bush's term he used to demean the position in the 1980 campaign against Reagan. Second, Bill Clinton's economy was a DIRECT result of supply-side economics. In the 80s investment went up tremendously because the "tax cuts for the rich" made it worthwhile for "the rich" to invest into the economy. But here is where his misconceptions or purposeful lying about it is realized; things like IRAs and 401Ks were part of the supply-side tax cuts. Middle-class people benefited tremendously from them and THIS IS WHERE THE REAL INVESTMENT INTO OUR ECONOMY CAME FROM! Middle-class folks putting money into savings and mutual funds and stocks caused the boom more than anything else.

The Reagan tax cuts weren't to put more money into the pockets of the rich to spend, it was to encourage more investment into businesses and it worked.

Bill Clinton also benefitted from the new conservative congress forcing him to accept things like a balanced budget and welfare reform.

The Trump tax cuts are going to have much the same effect which is why the stock market took off when he was elected. These tax cuts are designed to bring off-shore money back into the US to encourage business investment again. Lower taxes on businesses now allows trillions previously parked off-shore to come back to the US now that the tax rate is no longer the highest in the world for corporations.

Finally, what is the purpose of posting the Ivy League schools? Trump attended one of them, in case you didn't know. But it any case these places don't have some extra knowledge they are passing on. They are bastions of some of the most idiotic nonsense to ever hit the light of day.

[Greg]

By the way, it is called supply-side economics because it encourages investment into the SUPPLY-SIDE of the economy and not spending money on the demand side. Just in case anybody is wondering, you get wealthy by investing into the supply-side, not spending on the demand side. If you doubt this try spending your way to millions.

[Baltravens]

Reich is full of crap. First of all, it isn't trickle down economics, it is supply-side economics. Trickle down is Bush's term he used to demean the position in the 1980 campaign against Reagan. Second, Bill Clinton's economy was a DIRECT result of supply-side economics. In the 80s investment went up tremendously because the "tax cuts for the rich" made it worthwhile for "the rich" to invest into the economy. But here is where his misconceptions or purposeful lying about it is realized; things like IRAs and 401Ks were part of the supply-side tax cuts. Middle-class people benefited tremendously from them and THIS IS WHERE THE REAL INVESTMENT INTO OUR ECONOMY CAME FROM! Middle-class folks putting money into savings and mutual funds and stocks caused the boom more than anything else.

The Reagan tax cuts weren't to put more money into the pockets of the rich to spend, it was to encourage more investment into businesses and it worked.

Bill Clinton also benefitted from the new conservative congress forcing him to accept things like a balanced budget and welfare reform.

The Trump tax cuts are going to have much the same effect which is why the stock market took off when he was elected. These tax cuts are designed to bring off-shore money back into the US to encourage business investment again. Lower taxes on businesses now allows trillions previously parked off-shore to come back to the US now that the tax rate is no longer the highest in the world for corporations.

Finally, what is the purpose of posting the Ivy League schools? Trump attended one of them, in case you didn't know. But it any case these places don't have some extra knowledge they are passing on. They are bastions of some of the most idiotic nonsense to ever hit the light of day.

Attention All, not a qualified moderator on this Board.


Merriam-Webster:
Supply-side economics - a theory that reducing taxes especially for rich people will lead to an improved economy.

Members, please read from an intelligent source.

[NCRAVEN]

Attention All, not a qualified moderator on this Board.


Merriam-Webster:
Supply-side economics - a theory that reducing taxes especially for rich people will lead to an improved economy.

Members, please read from an intelligent source.

Out of the reply, that is what you focus on?

[Greg]

Attention All, not a qualified moderator on this Board.


Merriam-Webster:
Supply-side economics - a theory that reducing taxes especially for rich people will lead to an improved economy.

Members, please read from an intelligent source.

LOL! What does me being a moderator here have to do with my take on this? Nothing.

Merriam-Webster is wrong. I listened to Reagan and what he believed and why he did what he did.

IRAs, 401Ks, Keoughs, and the like, were boons for middle class people. I am sure most of us here participate in one or more of these. And middle class people putting their money into investment vehicles drove the growth in our economy for more than 2 decades. Then Clinton, Bush, and Obama.

Now we have another president looking to unleash investment into our economy to drive it.

THANK GOD!

[WrongBaldy]

50% of Americans don’t have a 401k