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View Poll Results: Does 'trickle down' economics work?
Yes 25 26.60%
No 51 54.26%
Sometimes 18 19.15%
Voters: 94. You may not vote on this poll

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Old 09-20-2008, 11:48 AM
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Default 'Trickle down' economics?

Cut taxes for the rich/buisness and more will flow to their employees as they try to get the best skilled workers or the products and services they offer will raise in quality or lower in price (or both) to try and win customers and stay afloat.

But does it work?
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Old 09-20-2008, 11:50 AM
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No, tried that.
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Old 09-20-2008, 11:55 AM
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Quote:
Originally Posted by sheela View Post
No, tried that.
What hasn't worked?
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Old 09-20-2008, 12:29 PM
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I went with "sometimes". It can help if your country has a high unemployment rate and/or isn't getting foriegn investment or many entrepenours due to high taxes.

However when you aren't in that situation it just gives more money to the wealthy.
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Old 09-20-2008, 01:29 PM
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Quote:
Originally Posted by TheChief View Post
Cut taxes for the rich/buisness and more will flow to their employees as they try to get the best skilled workers or the products and services they offer will raise in quality or lower in price (or both) to try and win customers and stay afloat.

But does it work?
Theoretically, it works, but it needs cooperation from business owners. There's nothing inherent within the system to insure that business owners will actually put these money saved back into their companies rather than simply pocket it themselves rather than simply continuing to run things as they have been.

All too often, "trickle down" really means that rich business owners get the opportunity to (*)(*)(*)(*) on the rest of us.
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Old 09-20-2008, 03:48 PM
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It certainly does no good to tax businesses and job creators at higher rates. I never understood what the left considers "fair"...fair would be 10-15% across the board. That would be fair.

I believe trickle down works. It certainly does no good to make it difficult to keep businesses running through higher taxes, etc. Raise taxes enough and companies have no choice but to layoff employees. Then again, that means more people for the government rolls. At which point, I believe the left will have accomplished its goal. Government dependence instead of self dependence is cornerstone to the "solutions" from the left.

There are plenty of government programs that can be cut which would save the taxpayers quite a bit of money. They are not responsible with the money they take from us as it is now. Why should anyone send in more money? For what? A job poorly done? If anything, they deserve les!
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Old 09-20-2008, 04:18 PM
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It depends on whether the rich people actually create more jobs and opportunities for the lower classes. It depends on whether they give to charity. It depends on whether they pay their employees more. What I hear is that usually rich people just invest their money to increase their own wealth.
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Old 09-20-2008, 04:26 PM
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It succeeds at concentrating wealth at the very top so only a tiny bit trickles down to anybody else, yes.



Of course, feudalism does just as good a job of that.
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Old 09-20-2008, 05:40 PM
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The bottom line is yes it should work in theory. We do know what will happen if Obama gets his way and tries to make the top 10-20% richest people pay for all his programs and tax hikes. These are the people that create jobs, offer services, set prices, and manufacture goods. They will not pay these taxes and Obama knows this. They will pass the expenses on to the middle class and poor by raising prices, cutting jobs, outsourcing jobs and factories, and cutting services.

Think things are bad now? Pray Obama does not win!
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Old 09-20-2008, 05:43 PM
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Have a look around, and ask yourself if "trickle down" works...







Nope! Sure doesnt..
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