weedjedi wrote:
Quote:
You don't have the slightest idea of what trickle-down economics is.
Really? Then Enlighten me. If I'm ignorant to what I am saying than please aid me in being less ignorant. I really don't like talking out of ignorance. And, seriously no sarcasm there I really would like to know what I don't understand.
I was always under the impression that being a menial worker, nobody below me. I work to make everyone above me richer. And for me working to make them richer they pay me a menial salary equal to that of my status of a menial worker. I was always under the impression that Trickle down econ would be that I work to make a man richer and out of the kindness of his heart he pays me a piece of what I made for him for making for him.
Trickle-down economics is an economic theory and it doesn't have anything to do with government hand-outs, or people being "lazy".
In trickle-down economics, the theory is that if you cut taxes for the rich that they'll invest that money and "create" jobs by starting businesses. These new jobs will result in money that will trickle down to the middle and lower class. This theory was pushed by Reagan in the form of his "supply-side" economics. The idea was to create jobs and then demand would follow from that, growing the economy. The problem is that this hasn't worked as they promised. The rich have gotten much, much richer and the middle class has been gotten poorer.
On the flip side of this, if you cut taxes (or increase wages) for the middle and lower class, you're putting money into the hands of people that actually spend their money, which directly stimulates the economy. Remember that economic stimulus plan a few months ago? That helped temporarily stimulate the economy because it put money directly into the hands of people that spend it.