General Discussion

nadinbrzezinski

(154,021 posts)

38. Trickle down economics and cutting down taxes

Wed Aug 22, 2012, 12:18 PM

Aug 2012

the 1950s had fairly high taxes, well, people who had it could reinvest it in companies, or pay the tax man. They chose the former over the lastter many a times.

Taxes today are low, but taxes on earned income due to investments is even lower. It is rational to invest in stocks and bonds and not to recycle your money into your company.

It is one of the many reasons, but I suspect up there.

Technology and other things are part of it, but this... oh and yes NAFTA and the kids of NAFTA.

Edit history

Please sign in to view edit histories.

Recommendations

0 members have recommended this reply (displayed in chronological order):

38 replies

= new reply since forum marked as read

Highlight:

What's the Single Best Explanation for Middle-Class Decline? [View all] xchrom Aug 2012 OP

Technology. ERP let companies double production with half the workers. banned from Kos Aug 2012 #1

Agree. randome Aug 2012 #4

Note that the manufacturing flattening started in the 80's... TreasonousBastard Aug 2012 #7

Yes, Just-In-Time (from Japan) coincided with rapid delivery (Fed Ex and UPS) banned from Kos Aug 2012 #8

Which leads me to the dirty little secret that no one wants to talk about... TreasonousBastard Aug 2012 #17

This Is Why I Posted This Thread Yesterday Yavin4 Aug 2012 #25

reagan, Bush, Bush and republican congresses. rurallib Aug 2012 #2

Voting Republican ananda Aug 2012 #3

Reaganomics. n/t liberalmuse Aug 2012 #5

I think that the middle class as known in America is a historical aberration AngryAmish Aug 2012 #6

astute observations n/t banned from Kos Aug 2012 #11

I agree, great observations. Except about the 'grim' part. randome Aug 2012 #16

I, for one, would spend all day goofing off and getting drunk if I had nothing to do AngryAmish Aug 2012 #18

Your Post Is An Argument for an Early Retirement Age Yavin4 Aug 2012 #26

Accepting the idea that inequality and a middle-class collapse is 'normal' or inevitable is giving.. LongTomH Aug 2012 #34

In world history name the places and times with a large middle class AngryAmish Aug 2012 #35

Looting. People at the top have gamed the system to take more money without doing brewens Aug 2012 #9

finally. thank you. nt xchrom Aug 2012 #10

The loss of 1994 election. AnotherMcIntosh Aug 2012 #12

Gay Bashing Pro Rape Presidential Candidates? datasuspect Aug 2012 #13

Too many people not enough jobs for the cyber era."Hal" was right. nt CK_John Aug 2012 #14

Rich people don't have 'jobs,' but they seem to do okay leftstreet Aug 2012 #22

It was getting too uppity n/t deutsey Aug 2012 #15

The untrammeled greed of the plutocracy. hifiguy Aug 2012 #19

+1 xchrom Aug 2012 #21

The word "Republican". HopeHoops Aug 2012 #20

NAFTA. nt Romulox Aug 2012 #23

"Most Favored Nation" status for China (no more "humiliating" human rights certifications!) nt Romulox Aug 2012 #24

In a word, GLOBALIZATION of the "tradable sector". The OP does not ProgressiveEconomist Aug 2012 #27

yes. nt xchrom Aug 2012 #28

DUer Time for Change and Paul Krugman have addressed this LongTomH Aug 2012 #29

Wage growth frozen since 1972--blame the 1% librechik Aug 2012 #30

"Free Trade" / Globalization Populist_Prole Aug 2012 #31

I blame poor workers - 'theirs' not 'ours' of course. Wall off 'theirs' and 'ours' will be fine. pampango Aug 2012 #32

Corporations nt LiberalEsto Aug 2012 #33

a combination of top heavy wages, lack of blue collar jobs, and predatory lending practices jorno67 Aug 2012 #36

The re-establishment of the kleptocracy. Forgetting how high the price of complacency is Egalitarian Thug Aug 2012 #37

Trickle down economics and cutting down taxes nadinbrzezinski Aug 2012 #38