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Don't millionaires & billionaires own the companies that Obama wants to give stimulus money to?
That will be working on our infrastructure?
I thought liberals said "trickle down never works"?
10 Answers
- Anonymous10 years ago
trickle down economics sounds good in theory, but never works in practice. Simply giving the rich tax breaks or more money, doesn't mean all of a sudden they will start hiring and peeing down on all of us with their grace. Please, trickle down economics creates such a peasant mentality for lower/middle class americans.
Jobs are created when there's and excess demand for a good/service to the point that the company must hire to keep up with demand. We all know as demand goes down, workers become idle, and that leads to layoffs.
The trickle down economics says give money to the rich, and they will hire. But any sound business man will tell you why hire when demand for your good/service isn't there? Sure they will happily accept free money that didn't require them to be more innovative or gain new business. Everyone likes free money.
Think about that for a while.
- ?Lv 610 years ago
"give stimulus money" is a misnomer. Tax cuts give people money.
The stimulus money "pays companies for providing a good or service" which will force them to hire people or else they don't get their money, right?
I thought conservatives knew more about business than liberals, yet you don't understand the difference between "give" and "pay"?
And that's NOT trick down economics. Trickle down economics is giving tax cuts to rich people so that they can "invest it" (regardless of levels of demand). Which in turn will create goods and services for which their may or may not be demand.
Stimulus creates demand! Where there is demand people who want to make profit will create supply.
Do you really not understand the basics of YOUR OWN ECONOMIC THEORY? How is that possible? How do you NOT UNDERSTAND the basics of YOUR OWN ECONOMIC THEORY?
But you think liberals don't know anything about economics, I bet. But you don't understand the basics of YOUR OWN ECONOMIC THEORY?
- Anonymous10 years ago
That's not what trickle down is.
Trickle down is cutting taxes on the rich and super rich under the theory that they'll reinvest that money in their companies or in the market.
You'd think you would at least know what your own economic theory is.
- Anonymous10 years ago
and tax breaks.
he's been the most corporate and gun friendly democrat president we've ever had. the rich say they want tax breaks and the republicans go fight for them without taking a moment to find out if they really do need more or not. they got it pretty good compared to you and I. there has been a record amount of millionaires that have stepped forward and asked for higher taxes.
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- Anonymous10 years ago
That is not an example of trickle down.
Trickle down is like saying if you let your boss into your bedroom you'll get more play out of your wife.
- Anonymous10 years ago
Trickle down takes too long for liberals
they prefer corruption
give Obama $50K and get a loan for $500K to blow on stuff for yourself
now that's LIBERAL economics at its finest
- Anonymous10 years ago
No - that's not how stimulus money works - that's just your FOX FAKE "News" spin.
- BillLv 710 years ago
but we'll tax the crap out of them later, because they have too much. hypocrites!!