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Keyword: trickledown

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  • State tax breaks: who benefits?

    PHOENIX -- Got stocks, land or similar investments? The state House voted Wednesday to give you a tax break when you sell those items. But how much you will pocket depends, quite frankly, on how much you make. And the 183 richest Arizonans -- those making more than $5 million a year -- will each walk away with an average of an extra $27,000. At issue are capital gains. That's the difference between what people pay for an investment against what they make when it is sold. By state law, the profits on anything held for less than a year...
  • Derided by critics, trickle-down economics gets another try

    11/17/2017 11:33:17 PM PST · by Olog-hai · 14 replies
    Associated Press ^ | Nov 17, 2017 3:31 PM EST | Paul Wiseman
    Does money roll downhill? In their drive to cut taxes, President Donald Trump and congressional Republicans are betting it does. Behind their legislation is a theory long popular among conservatives: Slash taxes for corporations and rich people, who will then hire, invest and profit — and cause money to trickle into the pockets of ordinary Americans. The White House says the plan’s corporate tax cut alone would eventually raise average household incomes by $4,000 a year. The tax plan’s “trickle-down” approach was popularized in the 1980s during the Reagan administration, though it dates back at least to a 1932 wisecrack...
  • Hillary's trickle-UP economics and strange enablers [aw!m vanity]

    10/12/2016 1:40:27 PM PDT · by Arthur Wildfire! March · 9 replies
    Arthur W! March
    A FRiend recently pointed out that the opposite of 'trickle down' economics is 'trickle up'. How true! In any banana republic [such as the 'U' SA] the tyrant tops the economic food chain -- that's where the economy trickles up. And sometimes the minions are even more dangerous, such as Obama's 'subordinate', Hillary. View what she achieved already and then imagine her in the Oval Office [with her husband's experience to guide her] ... 1. Watered down AIDS medication [*a*] which should come as no surprise after their ... 2. Tainted prison blood scandal. [*b*] Anyone greedy enough to infect...
  • Bill Clinton and Milton Freidman Economics

    03/21/2016 9:02:47 PM PDT · by thesligoduffyflynns · 15 replies
    The American Mirror ^ | march 21,2016 | kyle olson
  • The brutal economic truth behind the rise of Trump

    03/02/2016 6:42:44 AM PST · by dirtboy · 18 replies ^ | 3/2/2016 | Anthony Mirhaydari
    -- snip -- If his appeal was based on his language and bluster, America would have elevated someone like Howard Stern or Ann Coulter long ago. If his appeal was based on foreign policy concerns, why isn't a military general leading the charge? It's the economy, stupid! And the fact is that real, median household income peaked at nearly $58,000 back in 1999 and has been sliding ever since, standing now at just $53,657. This can all be summarized in two charts: The relationship between corporate profitability and labor's share of income shown above. Cheap laborers (both undocumented unskilled and...
  • Sowell: The 'Trickle-Down' Lie

    01/06/2014 12:02:09 PM PST · by jazusamo · 53 replies
    Creators Syndicate ^ | January 7, 2014 | Thomas Sowell
    New York's new mayor, Bill de Blasio, in his inaugural speech, denounced people "on the far right" who "continue to preach the virtue of trickle-down economics." According to Mayor de Blasio, "They believe that the way to move forward is to give more to the most fortunate, and that somehow the benefits will work their way down to everyone else." If there is ever a contest for the biggest lie in politics, this one should be a top contender. While there have been all too many lies told in politics, most have some little tiny fraction of truth in them,...
  • On the "Man of the Year"...

    12/12/2013 9:40:53 AM PST · by mononymous · 5 replies
    Mononymous1/Wordpress ^ | 12/12/2013 | Mononymous
    Or: The Dangers of the Church (When it Meddles with Affairs of the State) Right, not a pleasant topic, to be sure and I expect to receive some flak for this. First, I’ll confess to admiring some aspects of the path the man who is Pope Francis has taken. I have been glad to read reports that he has rejected some of the trappings of the papacy and that he appears in some ways to be an in-touch-with-the-common-man Pope. However, to use his pulpit to preach about the “failings” of capitalism is, I believe, not his place. I’d be quite...
  • The Vatican and the Poor [Vatican Insider Newspaper reports on Rush Limbaugh vs. Pope Francis]

    12/07/2013 3:47:41 PM PST · by Moseley · 5 replies
    Canada Free Press ^ | December 7, 2013 | Jonathon Moseley
    The Vatican Insider newspaper in Italy reported my comments responding to Pope Francis that “Jesus Christ is weeping in heaven hearing Christians espouse a socialist philosophy that has created suffering and poverty around the world. It is impossible to love one’s neighbor as yourself without fighting against socialism,” I hope to explain further and propose solutions. Initially, at least this new Pope Francis is trying. Francis obviously cares. News reports say that Francis is sending the Vatican guards and other staff to go out at night within the City of Rome to help the homeless and the poor. This is...
  • Communism and the pope [KGB-influence in S. America]

    12/04/2013 8:40:10 AM PST · by Moseley · 1 replies ^ | December 4, 2013 | Ileana Johnson Paugh, Ed.D.
    From Pope Pius XII, the much beloved, anti-communist and anti-Nazi pope, to Pope Francis, the 266th pontiff of the Catholic Church, the church has undergone a lot of changes. In the 224-page document, “The Joy of the Gospel,” Pope Francis critiqued the following. •The current capitalist inequalities (Socialism and communism were never equal; there were two classes, Communist Party apparatchiks and the proletariat.) •“The idolatry of money” (The Vatican is wealthy beyond belief if one considers thousands of priceless works of art, marble statues, gold and silver icons, urns, crucifixes, chalices and marble cathedrals around the world. Should the Church...
  • ‘Boardwalk Empire’ actor breaks his legendary silence about government shutdown

    10/21/2013 2:51:10 PM PDT · by Tailgunner Joe · 80 replies ^ | October 21, 2013 | Eric Owens
    Actor Steve Buscemi has finally broken his silence to tell the world his expert opinion on the government shutdown. Buscemi opined about the shutdown and much else in a wide-ranging with The Guardian. “I think the shutdown is ridiculous. I think the Republicans in Congress are holding the country hostage. I think it’s criminal. I don’t see why they’re allowed to do it,” he said. Buscemi, 55, said he hopes voters punish the politicians behind the temporary halt of about 17 percent of the federal government at the next possible opportunity. “The tea party faction of the Republican party are...
  • Column: Ray McCarty – “Numbers don’t lie…Kansas profiting from tax cut”

    07/21/2013 5:44:03 AM PDT · by jonefab · 14 replies
    The Missouri Times ^ | July 19, 2013 | Ray McCarty
    While Governor Nixon travels the state telling taxpayers he can’t cut their taxes, Kansas cuts taxes and welcomes new jobs. When Kansas passed a series of tax cuts for businesses and individuals during the 2012 legislative session, the media and liberal politicians scoffed. “How can state revenues grow if taxes are cut?” they asked. Gloom and doom followed. Media and politicians across the country, even within the state borders, predicted financial chaos, massive state service cuts, even bankruptcy.
  • Trickle Down and Tax Cuts (Dr. Thomas Sowell mentioned)

    Dr. Thomas Sowell's "'Trickle Down Theory' and 'Tax Cuts for the Rich'" has just been published by the Hoover Institution. Having read this short paper, the conclusion you must reach is that the term "trickle down theory" is simply a tool of charlatans and political hustlers. Sowell states that "no such theory has been found in even the most voluminous and learned histories of economic theories." That's from a scholar who has published extensively in the history of economic thought. Several years ago, Sowell, in his syndicated column, challenged anyone to name an economist from any economic school of thought...
  • Obama: ‘We’ve Tried This Trickle-Down Experiment Before — It Doesn’t Work’

    04/15/2012 11:36:20 AM PDT · by Nachum · 36 replies
    the blaze ^ | 4/14/12 | Madeleine Morgenstern
    The nation needs the so-called Buffett Rule and can’t afford to keep giving tax cuts to the wealthiest Americans “who don’t need them and didn’t even ask for them,” President Barack Obama said in his weekly address. “As many Americans rush to file their taxes this weekend, it’s worth pointing out that we’ve got a tax system that doesn’t always uphold the principle of everyone doing their part,” Obama said. His address caps a week-long effort by the administration in promoting the proposal that would require millionaires to pay a minimum of 30 percent of their income in taxes. The...
  • New York Times : Safety Nets for the Rich (Why trickle down economics is a myth)

    10/20/2009 6:38:48 AM PDT · by SeekAndFind · 28 replies · 874+ views
    New York Slimes ^ | 10/20/2009 | Bob Herbert
    The headlines that ran side by side on the front page of Saturday’s New York Times summed up, inadvertently, the terrible fix that we’ve allowed our country to fall into. The lead headline, in the upper right-hand corner, said: “U.S. Deficit Rises to $1.4 Trillion; Biggest Since ’45.” The headline next to it said: “Bailout Helps Revive Banks, And Bonuses.” We’ve spent the last few decades shoveling money at the rich like there was no tomorrow. We abandoned the poor, put an economic stranglehold on the middle class and all but bankrupted the federal government — while giving the banks...
  • Hawker to eliminate 2,300 positions

    02/04/2009 10:51:49 AM PST · by Spokane · 4 replies · 242+ views
    Wichita Business Journal ^ | Tuesday, February 3, 2009 | Josh Heck
    In his letter, Schuster also cited problems with the government’s stimulus package, which he said fails to loosen credit markets, and a slowing of orders from previously high-volume business segments. Schuster also blamed the media and some politicians who have cast general aviation as “a wasteful extravagance instead of a critical business tool and the source of millions of American jobs.”
  • CA: Fat bureaucracy won't trickle down to Californians

    03/08/2007 9:08:31 AM PST · by NormsRevenge · 4 replies · 241+ views
    Capitol Weekly ^ | 3/8/07 | Diana Ernst
    Legislators in Sacramento are pushing four new laws that would mandate California restaurant chains and grocery stores to reveal nutrition information immediately and ban all trans fats by 2009. Legislators believe they are fighting the obesity epidemic, but they are also expanding a government that is already overweight. The current obsession with obesity is driven by studies, such as the recent report by the nonprofit California Center for Public Health Advocacy, which found that California has an average of 4.18 times as many fast-food restaurants and convenience stores as supermarkets and produce vendors. San Bernardino County was found to have...
  • Sluggish private job growth indicates failure of tax cuts

    01/31/2006 6:13:23 PM PST · by liberallarry · 70 replies · 1,284+ views
    EPI ^ | Jan 31, 2006 | Lee Price
    Sluggish private job growth indicates failure of tax cutsChanges in tax law since 2001 reduced federal government revenue by $870 billion through September 2005.  Supporters of these tax cuts have touted them as great contributors to growth in jobs and pay. But, in reality, private-sector job growth since 2001 has been disappointing, and a closer look at the new jobs created shows that federal spending—not tax cuts—are responsible for the jobs created in the past five years. If tax cuts have created jobs at all since 2001, it will have happened in the private sector. Assuming that job growth in...
  • Stupidity trickling down

    03/31/2005 4:20:17 AM PST · by 7thson · 24 replies · 1,178+ views ^ | March 31, 2005 | Thomas Sowell
    As much as I enjoy most of the messages from readers, there is no way that I can answer more than a small fraction of them. The messages I don't reply to at all are those from obviously ignorant people who offer insults instead of arguments. However, a recent column has brought forth more than the usual number of uninformed denunciations, so it may be useful to other readers to explain why they should not take such nonsense seriously when they encounter it. What I said that set off the crazies was that there is no such thing as "trickle-down"...
  • Left Wing College Entry #4.

    01/23/2003 8:55:27 PM PST · by ConservativeMan55 · 69 replies · 493+ views
    Thursday Janurary 23rd 2003 | Conservativeman55
    Have you ever gotten into an argument with someone, and thought about the best way to defend your own argument an hour later after the debate was over? This was my experience today with my left wing, socialistic, kool-aid drinking, communist, rat of a professor. He made a comment about taxing the rich because they have all the money, and him and I started debating. First I said that I am personally not in favor of taxing the rich because when you tax wealthy people (Whatever you definition of wealthy may be) Whenever you tax something you get less of...
  • Need Definitive Reagonomics Info

    12/20/2002 11:33:29 AM PST · by Lee'sGhost · 13 replies · 515+ views
    12/20/02 | Lee'sGhost
    I'm looking for definitive articles and op/eds that explains or defends the concept that Pres. Reagan authored the U.S.'s best economy in history -- just in time for Clinton's term of office.