Does Trickle-Down Economics Actually Work?

[gwb-trading]

The most productive and booming years in American history were when tax on the highest incomes and biggest businesses were highest.

The longest boom in American history of started in June of 2009 breaking the previous longest boom of 120 months from March 1991 to March 2001.
https://www.cnbc.com/2019/07/02/this-is-now-the-longest-us-economic-expansion-in-history.html

The most "productive" (i.e. productivity increase) and "booming years" (percentage wise) in American history were actually back in the later 1800s (1870 to 1900) and are associated with the Industrial Revolution. This era is known as the 'Gilded Age".

"During the 1870s and 1880s, the U.S. economy rose at the fastest rate in its history, with real wages, wealth, GDP, and capital formation all increasing rapidly.[43]"

Neither of these times are known for high taxes on top-earner incomes of individuals or business.

 

[UsualName]

you must not do very well for yourself if you want taxes raised haha

You have no idea.

 

[UsualName]

The longest boom in American history of started in June of 2009 breaking the previous longest boom of 120 months from March 1991 to March 2001.
https://www.cnbc.com/2019/07/02/this-is-now-the-longest-us-economic-expansion-in-history.html

The most "productive" (i.e. productivity increase) and "booming years" (percentage wise) in American history were actually back in the later 1800s (1870 to 1900) and are associated with the Industrial Revolution. This era is known as the 'Gilded Age".

"During the 1870s and 1880s, the U.S. economy rose at the fastest rate in its history, with real wages, wealth, GDP, and capital formation all increasing rapidly.[43]"

Neither of these times are known for high taxes on top-earner incomes of individuals or business.

Excuse me, I was speaking of the boom from the 1950s through the 60s. This is the era era where America turned into a consumer driven economy and the modern American economy we recognize today formulated itself.

 

[AR15]

You have no idea.

so you just want 50+% of your income gone to taxes that you will never see a return on out of the goodness of your heart? come on dude...

 

[UsualName]

so you just want 50+% of your income gone to taxes that you will never see a return on out of the goodness of your heart? come on dude...

50% my ass. My effective rate is lower than the average American household. Like I said, you have no idea.

 

[AR15]

50% my ass. My effective rate is lower than the average American household. Like I said, you have no idea.

so you are fine with taxes raised as long as another person foots the bill

socialist democrat losers like yourself should just move to venezuela and live in paradise

 

[UsualName]

so you are fine with taxes raised as long as another person foots the bill

socialist democrat losers like yourself should just move to venezuela and live in paradise

Venezuela? Are you stupid? My BDO bill last year is bigger than your net worth. You’re not listening to what I’m saying because you don’t have a clue.

 

[AR15]

Venezuela? Are you stupid? My BDO bill last year is bigger than your net worth. You’re not listening to what I’m saying because you don’t have a clue.

you are a socialist democrat, chances are your credit card debt is higher than your net worth...

keep voting democrat dude, theyre going to forgive all credit card debt if you keep voting for them, you got this! open a few more cards while youre at it, fuck it!

 

[UsualName]

you are a socialist democrat, chances are your credit card debt is higher than your net worth...

keep voting democrat dude, theyre going to forgive all credit card debt if you keep voting for them, you got this! open a few more cards while youre at it, fuck it!

Lol. Like I said you just have no idea.