Although if the issue here is the taxation of the rich, all those small business you speak of, particularly the failing and startup ones, will be making little to no income and will thus be among the lower tax bracket which is the one the "top down" approach would be giving tax cuts too. This is, unless, what you mean by "top down" is "employer to employee" as opposed to "upper class to lower class"

__________________
True knowledge exists in being aware of what you don't know.

This is way too simplistic. We happened to have the biggest credit crash since the Great Depression in August, mostly due to double-digit monetary inflation and the expansion of a law that forced lenders to give loans in areas they knew were home to high-risk individuals.

He also created 20 million new jobs (4 million more than Clinton). It just so happens he spent money like a drunken sailor. Non-military spending alone went up more than 100% during his presidency.

Clinton had a Republican congress, and under Clinton something happened that didn't happen under Reagan (who had a Democratic congress): spending growth slowed down. By 1996 spending was down to 18% of GDP, from 23% that it had been under Bush Sr.

Not even close.

__________________
Hometown: Arecibo, PR
Ideology: National Liberalism
Beliefs: Ultranationalism, Georgism, industrialism, monetarism, race realism, utilitarianism, populism.

Libertarian/Authoritarian: 1.19
Economic Left/Right: 0.50

"Who doesn't enjoy looking at boobies? To do otherwise would be simply un-American.” -catzmeow

Actually the poor's wealth increased DRAMATICALLY better under Reagan than they did under Clinton, and for your information, Clinton had a Record 42 months of Job Growth. A record that was broken by Bush who's tax cuts produced 54 months of Job Growth. Also, if you remember the Republicans were the ones in charge of the purse strings during Clinton's 2 terms and THEY were the ones who balanced the budget, since the president cannot write the budget, they can only propose one and from what I remember the Republicans would always say, "The President's budget is dead on arrival, we're going to have to rewrite this."

Do you REALLY think the economy would have grown if Clinton had gotten his proposed BTU tax!

Please, go educate yourself.

__________________
http://www.nosocialism.com
-----------------------------------------------
America is not a Socialist country, this is why the only democrats who ever win, are democrats who SOUND like Republicans (Hello Bill Clinton - "Low taxes, Free Trade, Welfare Reform, Era of Big Government Over" - Sounds Republican - Hello Barrack Obama - "My Tax Cut is Bigger than yours, Your Health Care Plan is Big Government, Parents need to take responsibility for their kids schooling]").

And all those republicans who had the majority through all those president's terms deregulated and created lawlessness, so we have to spend even more than so far in Iraq to bail out the banks and AIG. 700 billion dollars. And the national debt has now officially DOUBLED. This is what we get with Republican policy.

This is actually TRUE trickle up economics, what is going on right now. The people's tax dollars going directly to the biggest corporations in America. While the CEO's walk away with hundreds of millions.

This is the end result of trickle down. A HUGE tidal wave up.

One of the fatal flaws in trickle down economics is that first you have to have "funnel up economics." After that happens there is nothing to "guarantee" any money will be reinvested into anything more than a new Ferrari, a new yacht, or a new condo in Barbado's, or a $10,000 shower curtain.

__________________
Democracy is two wolves and a lamb voting on what to have for lunch, Liberty is a well armed lamb contesting the vote Benjamin Franklin

This is true, but aggregate figures suggest even if they do do this, they're more likely to save their money than people with lower incomes.

I personally think we ought to focus on reversing this trend, but that is a fact.

__________________
Hometown: Arecibo, PR
Ideology: National Liberalism
Beliefs: Ultranationalism, Georgism, industrialism, monetarism, race realism, utilitarianism, populism.

Libertarian/Authoritarian: 1.19
Economic Left/Right: 0.50

"Who doesn't enjoy looking at boobies? To do otherwise would be simply un-American.” -catzmeow

As I've stated before, and provided links for proof, the current housing crisis was actually Bill Clinton's fault. He changed the laws so that Fannie Mae and Freddie Mac could buy loans where there was zero proof of income (no doc loans) AND zero money down. This had never been done before and is the basis of the current crisis.

John McCain tried to stop this 2 years ago but was defeated by Democrats running Congress. Let's remember that it's CONGRESS that makes the laws, not the President and the Democrats have been in control of congress for the past 2 years. Look what's happened in the last 2 years!

__________________
http://www.nosocialism.com
-----------------------------------------------
America is not a Socialist country, this is why the only democrats who ever win, are democrats who SOUND like Republicans (Hello Bill Clinton - "Low taxes, Free Trade, Welfare Reform, Era of Big Government Over" - Sounds Republican - Hello Barrack Obama - "My Tax Cut is Bigger than yours, Your Health Care Plan is Big Government, Parents need to take responsibility for their kids schooling]").

If you want to participate in "Trickle Down" economics, just do like me and most other small businesses. Take out a huge Second Mortgage on your house, bet your life savings and start a business. Hire a bunch of employees and put your dream to the test.

Then watch the Democrats tax your dream to a slow death, because they claim that you're too "Rich" to enjoy the fruits of your Labor. As most of your profits, "trickle down" to your employees (I pay most of mine between $15.00 to $25.00 an hour), you also have massive amounts "FUNNEL UP" to Washington in this huge sucking sound where they suck the life out of the economy, then turn around and blame it on Business.

The U.S.A. has the SECOND HIGHEST level of Corporate taxation in the world. Even though Corporate taxes are a form of double taxation. Why? Profits are taxed at the Corporate level, then dividend distributions that I take out of my company are taxed AGAIN as personal income tax and of course any income that I distribute to my employees is both taxed to them and I have to pay around 10% in SS, Medicare and Unemployment taxes. The amount of money I have to send to the Federal Government every year is simply highway robbery.

__________________
http://www.nosocialism.com
-----------------------------------------------
America is not a Socialist country, this is why the only democrats who ever win, are democrats who SOUND like Republicans (Hello Bill Clinton - "Low taxes, Free Trade, Welfare Reform, Era of Big Government Over" - Sounds Republican - Hello Barrack Obama - "My Tax Cut is Bigger than yours, Your Health Care Plan is Big Government, Parents need to take responsibility for their kids schooling]").

I actually agree with you, that taxing the businesses themselves is not realistic, and does hinder job creation.

However, taxing the heck out of overly greedy CEO's, upper management, etc... that have seen a ridiculous increase in pay rates over the past few year is wholly appropriate.

But, when some corporations are seeing record profits, and the products they sell are at a record high in regards to sales price, then do not increase expenditures to meet demand, then they also should face a windfall tax. But if they took those windfall profits and invested it in more equipment, employees, etc that would help balance the markets, crate jobs etc... then those windfalls should be left alone. However, when all they do with those monies is buy back stock to inflate their stock prices.... tax em. Because buying that stock back does nothing more than make the rich richer.


Trickle down would work if corporations planned ahead further than a year or two, or thought of more than just what the stock is trading at that day.

Trickle down won't work, because at heart too many businesses worry only about maximizing profits, and increasing employee wages cut into that statistic.