PIC: trickle down economics explained on Reddit

[yurbud]

[NYC_SKP]

1. Oh, that's perfect!

And painfully true.

The vision was, literally, that the more money the rich have the more they'll buy stuff that the little people will have to make and paint and polish, which means JOBS!

Low paying, pitiful, no benefits jobs.

[yurbud]

3. almost as good as Michelle Bachmann's idea to get rid of minimum wage so everyone could have a job

but not enough money to buy a cardboard box to sleep in.

[NYC_SKP]

5. It's not enough to buy, poor people must get into debt. College debt, SUV debt, payday loans.

The rich can't get richer on the poor just buying stuff.

It's pretty sick, like until everyone is suffering, they won't be happy.

And, even then, they'll want more.

[Cosmic Kitten]

20. The New Feudal System

The "Ownership" Society

The "Wage" Slaves

The "Debt" Slaves

[yurbud]

23. more than they could ever spend, and enough so the next six generations of their descendants

don't have to work.

Which gives us the likes of W.

[PatrickforO]

25. Geez! I thought we could get boxes for free!

That's capitalism for you...

[NewJeffCT]

31. Heck, bring back indentured servitude

Only, I'm sure it would be renamed to something like, "Debt Relief Employment Act of Mercy" or DREAM

[father founding]

4. BUY, We don't need no stinkin buying

Problem here is the wealthy don't buy, they get everything free.

[Scuba]

2. ...

[procon]

7. Now that's the exact image I've always pictured in my mind!

[Lean]

12. This is the Legacy of Ronald Reagan

The middle-class has struggled for the past 30 years with his voodoo economics. It's taken 30 years for the middle-class to wake up.

[F4lconF16]

14. And yet half of them are still asleep...

Well, passed out after drinking too much of poisonous right-wing kool-aid. Scary, when you think about it.

[PatrickforO]

26. This is the BEST!

[NewJeffCT]

32. Yep

that's how I always pictured it - trickle down economics - where they piss on you and tell you it's raining. (to paraphrase the famous movie quote)

[underpants]

6. Spot on

[deutsey]

8. K&R

[AlbertCat]

9. Aaaaaaand.....

..... everyone with a brain has known this since 1980.

It's mind boggling the GOP is still pushing this malarkey.

[FiveGoodMen]

21. Mindboggling that pushing this malarkey still works.

Not a surprise that the GOP would use it considering that it DOES work.

[world wide wally]

10. The mind blowing part is that half of the people in this country still buy that bullshit.

And you can bet their new star, Joni Ernst, will be convincing more of them that someday, they too, will be able to afford bread bags by Gucci if they just work hard enough and long enough.

[Ferd Berfel]

11. This might be simple enough for the republican bain to absorb

It's almost a bumper sticker

[hfojvt]

13. except it never works that way

and everybody knows it

Take the prime example of trickle down - the Bush tax cuts (please).

Does the 1% get all the money?

Not even close, they only got 26% of the money http://www.ctj.org/pdf/taxcompromise2010.pdf (note the GOP proposal was basically - make the Bush tax cuts permanent)

Of course that 26% was (IS) more than the 17.3% that went to the bottom 60%. But it's still not even close to ALL. The political "middle class" got a big slice of it too. The top 19% got 39.3% of the total, for 65.4% of the tax cuts going to the richest 20%. Even the poorest 20% got SOME tax cuts, so that the proposal could be sold to idiots and greedy people who wanted their own tiny little tax cut and never minded that the rich were getting so much more as long as I get MY nickel.

Unfortunately that link also shows the supposed Democratic Alertnative to trickle down, let's call that "middle class tax cuts". That's what Obama always calls it. Supposedly he just HAD to make most of the Bush tax cuts permanent to avoid devastating tax increases on the "middle class". (By which he apparently means people making more than $177,000 a year) That law made 85% of the Bush tax cuts permanent, including $600 billion in permanent tax cuts for the legendary 1%. http://www.democraticunderground.com/10022130101

So the Democratic alternative to trickle down, is, at best - trickle down lite. As Obama declared THIS to be a "great victory".

"The bottom 60% gets just 19% of the tax cut.
The same amount as the richest 1% gets.
The top 20% gets 65% of the tax cut - $2.4 trillion over ten years."

[Curmudgeoness]

18. "Does the 1% get all the money?"

Just wait. This little experiment isn't over yet. But the trend is going in that direction.

[AgingAmerican]

19. In the end

...they get ALL the money

[raouldukelives]

15. The only thing that ever trickked down was the morals & ethics displayed by the Reagan revolution.

The ends justify the means. Murder, lie, cheat, steal? All American ideals nowadays thanks to them.

[niyad]

16. absolutely true.

[ChoppinBroccoli]

17. There's A Trickle-Down Solution To EVERY Problem

The Trickle-Down solution to world hunger: give food to fat people.

The Trickle-Down solution to the healthcare crisis: only give medical coverage to healthy people.

There's simply NO END to the problems Trickle-Down theory can solve!

[AlbertCat]

22. Let us not forget Martin Gardner and the Neo-Laffer curve.

Here's a good summery:

http://www.dailykos.com/story/2006/04/15/202452/-The-Neo-Laffer-Curve

There's a great book of his The Night is Large.

It's a collection of essays about all kinds of things. You can just open up to one and read it. It'll be interesting...and self contained. anyway, a good book to have.

http://www.amazon.com/Night-Large-Collected-Essays-1938-1995/dp/031214380X/ref=sr_1_1?s=books&ie=UTF8&qid=1421867108&sr=1-1&keywords=the+night+is+large+martin+gardner

[Omaha Steve]

24. K&R!

[Thinkingabout]

27. I never believed trickle down was going to work in the best interest of working Americans, Reagan

went after unions and we still have the same today. I sat at dinner right after Reagan was elected and listened to people from South American and they was licking their chops on what they knew Reagan had already promised them. Did not know at the time what the deal was but later it became plain. I always thought Reagan was "acting" as president when we needed a real president. He sure fooled a lot of people. We still suffer the hand he dealt us, why he got the votes is beyond me, his legacy has been the worse in my lifetime.

[ErikJ]

28. They get all the money and then hoard most of it in offshore banks,

taking it out of the economy. leaving less in the pockets of 99% consumers who keep the money circulating.

[NBachers]

29. Trickle up, no more trickle down . . .

[pansypoo53219]

30. reagan democrats=racists who got hoist upon their own petard.