A Hedge Fund Republic?

[tater]

Originally Posted by Ducimus

I have to admit, i don't see how trickle down works. Not when your 401K match is stopped. You recieve no more raises, no more bonuses, no more nothing. Meanwhile, the big exec types are rolling in clover. Explain that trickle down to me again? Oh right.. i should be grateful im employed at all. I could be in a cardboard box.

Every penny earned by anyone is spent unless it is literally shoved in a hole in the ground or in a mattress.

That exec ends up employing many people outside his actual business employees, just via this spending. He has employees that mow their own lawns... he has 3 lawns, and pays people to mow all of them. The employee hires 0 people, he hires 3! His trophy wife spends a gajillion bucks redecorating the perfectly fine (super nice!) house they just bought in Aspen... the remodellers in Aspen get work redoing a house that doesn't even need to be redone. He has multiple cars. Many made in the US (even if they are a Benz, etc). He buys artisanal cheese, and overpriced organic food, grown locally. The list goes on.

The employee buys stuff fresh off the cargo container at walmart. Go china!

Well counting states and ridicule over words are different. You ridiculed word by Palins, but disregarded states by Obama. Is that not leftist?

I love your man on man love...but marraige is not a right.

[Takeda Shingen]

Originally Posted by The Third Man

Well counting states and ridicule over words are different. You ridiculed word by Palins, but disregarded states by Obama. Is that not leftist?

You're the leftist. Die, pinko-commie.

[mookiemookie]

Originally Posted by Ducimus

I have to admit, i don't see how trickle down works. Not when your 401K match is stopped. You recieve no more raises, no more bonuses, no more nothing. Meanwhile, the big exec types are rolling in clover. Explain that trickle down to me again? Oh right.. i should be grateful im employed at all. I could be in a cardboard box.

That's the whole point. Proponents say that giving financial incentives to the highest earners are supposed to somehow help out everyone.

If you take money away from someone (i.e. higher taxes) they work harder to replace it. Trickle down economics also relies on the idea that wages have a direct correlation to hours worked - which is not true. Wages are inelastic to hours worked. The majority of people work salaried jobs where their hours are set. A change in wages are not going to equate into a change in hours worked.

Trickle down proponents also say that inequality is supposed to motivate lower earners to work harder to bridge the gap - that doesn't happen. Studies have shown that higher rates of income inequality lead to lower growth rates. Indeed, it's been found that higher equality leads to higher growth rates: http://www.dallasfed.org/research/ec...08/el0801.html

Not to metion that any metric of tax rates, both top marginal and effective (lord knows tater and I have gone round and round about that) do not have any measurable or meaningful correlation to any generally accepted metric of economic prosperity (GDP, wage growth or employment). If you want to weasel around that and use your own strange metric where tax rates do show a correlation, know that it doesn't hold water according to meaningful economic theory.

Trickle down theory fails in terms of both empirical and historical evidence, along with generally accepted economic theory.

[Ducimus]

Tater,
You do realize that illegal immigration shoots that last paragraph to hell?

Originally Posted by Takeda Shingen

You're the leftist. Die, pinko-commie.

Neo-con. Your boogie man. lol.

[Takeda Shingen]

Originally Posted by The Third Man

Neo-con. Your boogie man. lol.

Communism is the very definition of failure.

[tater]

Originally Posted by Ducimus

Goes to Mexico or China. Nobody hires craftsmen in california. They hire jose who works under the table for dirt cheap. Hell, even Governor candidates do that here. *Cough* meg whiteman *cough*

My lawn guy, Michael, is a friend. Our kids play together. He hires no illegals. I picked a bigger electrician that doesn't use illegals (cause my first contractor subbed out some mexican guy who did it mexican style, then I had to pay to have it redone RIGHT). The people who want to take money from the exec and give it to people who don't pay taxes would happily give it to illegals... might as well get the craftsmanship for the money instead of nothing.

The local companies I used all hire locals, not illegals, actually (I've been in all the shops).

Originally Posted by Takeda Shingen

Communism is the very definition of failure.

Socialism also....you bet.

[Takeda Shingen]

Originally Posted by The Third Man

Socialism also....you bet.

Democracy is truth. Communism is death.

[mookiemookie]

Originally Posted by Takeda Shingen

Democracy is truth. Communism is death.

[Takeda Shingen]

Damnit, don't ruin this for me mookie!

[mookiemookie]

Originally Posted by Takeda Shingen

Damnit, don't ruin this for me mookie!

You gotta give me credit for picking up on that so fast though.

[Ducimus]

Originally Posted by tater

My lawn guy,.....

New Mexico must not have a big of illegal problem as California does then. All i can say is that when im not at work, only half of the people i encounter when im out and about, are speaking english. The other half, spanish. Not 1/4, but HALF.

[Takeda Shingen]

Originally Posted by mookiemookie

You gotta give me credit for picking up on that so fast though.

I do.

I was going to use 'Death is a preferable alternative to Communism', followed by 'We will not fear the Red Menace', and ending with the venerable 'Embrace democracy or you will be eradicated.'

EDIT: Alright, that's enough fun for now. I'll stop trashing your thread, Ducimus.