Dear Republicans: Please stop lying to my face.

most are

for some reason "Conservatism", as a political identity, has decided it needs to follow American Republicanism in terms of policy. Which is retarded. We had awesome conservatives in Canada in the past...

Originally posted by Symmetric Chaos
Less taxing means more money in people's hands. That means both spending and more resistance to personal economic troubles. More spending gets the economy going so it can start to recover. Taxing the rich less sends out even more money.

I don't think there are any economic models besides Marxism that advise raising taxes when the economy is doing badly.

But very often it's the interest they spend, not the "mega-wealth".

That's my point. Their actual wealth is not economically distributed in the form of consumer spending; the only way to get the money out there is through taxation.

But, I think the mega wealth is not just sitting around. A lot of it might be in tax shelters or crawling through code loop holes, but the mega wealthy are so, because their money is calculated by non-fluid assets, which would be their companies and the means through which they became mega wealthy.

OK, but at this point you are basically drifting away from my point; their capital is NOT trickling out in consumer spending.

I'm not sure the mega rich are the consumers in trickle down economics, though.

Originally posted by skekUng
I'm not sure the mega rich are the consumers in trickle down economics, though.

the mega-rich are never consumers in any real way in economic models...

though, that is like Bizzaro world communism....

The very problem with trickle down theories is that the rich don't spend all their cash, and when they do, they buy things that don't really support the general economy.

They buy property, that does help the average man, but solid gold toilets and a 3rd yacht, the money made from those things doesn't even see the same economy that you or i participate in.

It was tounge in cheek rhetorical.

ah, my bad, I'm trying to keep up 😉

Originally posted by skekUng
I'm not sure the mega rich are the consumers in trickle down economics, though.

I can understand that.

Originally posted by inimalist
The very problem with trickle down theories is that the rich don't spend all their cash, and when they do, they buy things that don't really support the general economy.

As if a rich man would suddenly eat the 10 time amount of food or go 5 times in a row into the theater.

Taken taxes off of them only increases the gap between poor and rich more. If you would tax them more and shove that money as somekind of govermental extra money into underpaid jobs it would work better imo.

We had high tax rates on the rich under Clinton and the economy was strong. Businesses don't need tax cuts, they need customers. High unemployment and consumers being tight fisted with their money are what's holding the economy back, not taxes. With our national debt raising taxes on the rich should be a no brainer.

Once we got our yachts and crowns/
God planned some food to trickle down

If the concern is with the jobs the rich would create with their money as a reason not to tax them, wouldn't it make more sense to tax the shit out of them and loan the money at low interests to low and middle class people with small and medium business plans that actually employ most people and generate most wealth? Although I am assuming small and medium business represent most of the economy, because it is like that in my country, I don't really know about the USA. But even so, if the point is making the money circulate and warming up the economy, shouldn't this work a lot better?