Supply-side economics/Trickle-down economics

**steelerhater** · 07-02-2018, 09:02 PM

Originally Posted by Greg

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.

Don't forget how much Bill Clinton benefited from the internet for his economy.

**wickedsolo** · 07-03-2018, 08:38 AM

Originally Posted by Baltravens

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.

Wealth and Assets generally are created/earned and, generally speaking, those earned assets and wealth will lead to a prosperous economy.

The biggest problem with Mexico is they are riddled with corruption throughout their entire government. Mexico has some of the nicest beaches and some incredibly unique tourist attractions in the world. They have jungles, they have desert, they have mountains, they have agricultural lands...Mexico could be on par with some of the more prosperous countries in the world, but their government won't permit it.

**Laxdad24** · 07-03-2018, 08:54 AM

Originally Posted by wickedsolo

Wealth and Assets generally are created/earned and, generally speaking, those earned assets and wealth will lead to a prosperous economy.

The biggest problem with Mexico is they are riddled with corruption throughout their entire government. Mexico has some of the nicest beaches and some incredibly unique tourist attractions in the world. They have jungles, they have desert, they have mountains, they have agricultural lands...Mexico could be on par with some of the more prosperous countries in the world, but their government won't permit it.

100% this! The same could be said for Haiti. They share a island with the DR What a contrast. The DR is like “Heaven on Earth” while Haiti is like “Hell on Earth”. I’d venture to say that 90% of the problem there is a totally corrupt government. They can’t see long term. They want instant wealth / satisfaction. Their gov is so bad it screws up Humanitarian Aide to the country.

**Greg** · 07-03-2018, 01:01 PM

Originally Posted by WrongBaldy

50% of Americans don’t have a 401k

I am sure most of us here participate in one or more of these.

People interested enough in politics and economics to discuss it on a message board are likely to be those that participate in one or more of these.

**Greg** · 07-03-2018, 01:05 PM

Originally Posted by Laxdad24

100% this! The same could be said for Haiti. They share a island with the DR What a contrast. The DR is like “Heaven on Earth” while Haiti is like “Hell on Earth”. I’d venture to say that 90% of the problem there is a totally corrupt government. They can’t see long term. They want instant wealth / satisfaction. Their gov is so bad it screws up Humanitarian Aide to the country.

Have you been to the DR?

At one time they enjoyed the third best standard of living in our hemisphere behind us and Canada. Then a CORRUPT president was elected that did incredible damage to their economy. He was, of course, a socialist that did things like nationalize the sugar cane industry, then sold it to Venezuelans.

Corruption is the key.

Corruption like using the powers of government to squash and eliminate political enemies.

**ravenmaniac4life** · 07-03-2018, 01:31 PM

Originally Posted by Greg

Have you been to the DR?

At one time they enjoyed the third best standard of living in our hemisphere behind us and Canada. Then a CORRUPT president was elected that did incredible damage to their economy. He was, of course, a socialist that did things like nationalize the sugar cane industry, then sold it to Venezuelans.

Corruption is the key.

Corruption like using the powers of government to squash and eliminate political enemies.

I'm pretty sure you're alluding to something here...but I just cant figure it out. Hmmmmmmmmmmmm.

**steelerhater** · 07-03-2018, 05:18 PM

Originally Posted by Laxdad24

100% this! The same could be said for Haiti. They share a island with the DR What a contrast. The DR is like “Heaven on Earth” while Haiti is like “Hell on Earth”. I’d venture to say that 90% of the problem there is a totally corrupt government. They can’t see long term. They want instant wealth / satisfaction. Their gov is so bad it screws up Humanitarian Aide to the country.

If the U.S. was divided in half (half liberal and half conservative), it would mirror the contrast with the Dominican Republic and Haiti.

**ravenmaniac4life** · 07-03-2018, 06:12 PM

Originally Posted by steelerhater

If the U.S. was divided in half (half liberal and half conservative), it would mirror the contrast with the Dominican Republic and Haiti.

How long do you think it would take before the liberals starting asking us for money?

**Laxdad24** · 07-03-2018, 08:35 PM

Originally Posted by ravenmaniac4life

How long do you think it would take before the liberals starting asking us for money?

asking??? demanding would be more like it

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**Laxdad24** · 07-03-2018, 08:36 PM

Originally Posted by steelerhater

If the U.S. was divided in half (half liberal and half conservative), it would mirror the contrast with the Dominican Republic and Haiti.

yes Sir! 100%

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**New !** · 07-03-2018, 10:10 PM

Corporations are meant to maximize profits, so the idea that cutting taxes for the very richest people is going to help the middle and lower class doesn't really make sense. A business isn't obligated to hire more workers or raise wages just because they got a tax cut. Job growth comes from increased demand, not lowered costs. Trickle down is just a talking point from people that would like to increase their income at the expense of lower tax revenue. The truth is that because people earned the money they feel its their right to keep it. All the other explanations are just spin