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Trickle down works.

Discussion in 'Off-Topic Forum' started by BludOrange, Nov 14, 2017.

  1. BludOrange

    BludOrange Starter

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  2. Cowtown

    Cowtown Resident Frostback Interface

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  3. Otto'd

    Otto'd Walk On

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    Never has, never will. It is the biggest lie ever told and sold to the unthinking public to further consolidate the Oligarchy.

    You want to know what works? Velocity of money. Put money in the middle class hands and watch them spend. Its how our economy became great before Wall St was licensed to steal.
     
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  4. ebucklewis

    ebucklewis All American

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  5. Cowtown

    Cowtown Resident Frostback Interface

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    What, these?

    [​IMG]



    [​IMG]
     
  6. BludOrange

    BludOrange Starter

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    I thought you liked The Atlantic? Seeing as you used it yesterday. Or is it only a quality source if attacking a Clinton?
     
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  7. Otto'd

    Otto'd Walk On

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    Let me ask you something. Im going to try and be civil here and would like to discuss this. :)

    Let's start here. When Trump and his voters (and I know you didnt vote for him, Im just asking for your opinion) repeat the nostalgic catch phrase "make America Great again" over and over, what point in history of America do you believe he is refrencing in us being "great"? I mean obviously it is post WW2, so when is it? The 50's? The 60's? 70's. 80's 90's?

    Let's start here.
     
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  8. BludOrange

    BludOrange Starter

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    A consumer based economy, what a novel idea.
     
  9. Otto'd

    Otto'd Walk On

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    whelp you are kinda blowing my spot here with ebuck, but thank you.

    And its worse than this indicates.

    What was the marginal tax rate of the top of the top earners from 1945 to 1964? A period universally recognized as America's greatest period?
     
  10. Day2

    Day2 All American

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  11. ebucklewis

    ebucklewis All American

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    that's a nice graph - but the OP was referring to tax rates vs growth - you don't show growth or lack thereof
     
  12. ebucklewis

    ebucklewis All American

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    why do you ask me - you've already acknowledged I'm not a Trump voter.
     
  13. Day2

    Day2 All American

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    That doesn't render you incapable of answering the question.
     
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  14. exits funnel

    exits funnel All American

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    I have actually always been pretty critical of this line of attack by the Republicans. I don't think that tax cuts 'pay for themselves,' at least not from the kind of top rates that we have now. The worst thing about this reasoning is that it lets them dodge the question of spending which is what they would be focusing on if they were serious about the budget / deficit / debt.
     
  15. ebucklewis

    ebucklewis All American

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    I have no idea - but I suspect our best days are behind us and Trump is merely a symptom of our decline.
     
  16. Day2

    Day2 All American

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    When were our best days?
     
  17. ebucklewis

    ebucklewis All American

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    I think this is accurate. We won't see much growth (if any) tweaking our current rates.
    My point was in the 80's, we saw a big jump in growth by changing the marginal rate from 70 pct to 28 pct.
     
  18. ebucklewis

    ebucklewis All American

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    February 2nd, 1913
     
  19. rrlbees

    rrlbees 2017 ESPN Tourney Challenge Winner Staff Member

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    LOL
     
  20. Otto'd

    Otto'd Walk On

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    Yeah and what were the long term consequences?
     
  21. exits funnel

    exits funnel All American

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    What do you think that they were? Do you think that we should have a 70% top rate?
     
  22. ebucklewis

    ebucklewis All American

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    Apparently the consequence was a whole generation of citizens that don't remember how oppressive 70 pct marginal rates were.
    I know you want me to conflate revenue with spending but I'm not going to do it.
     
  23. Otto'd

    Otto'd Walk On

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    in the 50's the Marginal rates on the top of the top were over 90% , Did it stifle growth?
     
  24. CuseFaninVT

    CuseFaninVT Living Legend

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    I imagine it had a spectacular effect on the number of CPAs we have operating in the US.
     
  25. Otto'd

    Otto'd Walk On

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    The creation of extreme income inequality in the modern era. Economically (long term) Reagan was the worst thing to ever happen to this country and Cons hold him up like some kind of god.
    Combine the Top end cuts with Mr. "union buster" incredibly exacerbating the (very new at the time) unlinking of production output and wages (wage growth and production output were inextricably tied together for decades up until that point) and it was a perfect recipe for where we are today.

    I wont blame it entirely on him. The country as a whole was very slow to respond to the conundrums created by Globalization (and still is, Id say we are 2 decades behind) but he owns a great share of it. And the greedy baby boomers who voted for all this crap own the rest.
     
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