HILLARY

[Mtrader]

Sure they do. Since they don't pay taxes they have enough discretionary money to pay, that's the point.

I know a recent case in my country . The man left for Switzerland. In his native country he paid 70 million only on dividends he receives. This is after his company paid already taxes. The lowest 50% pay almost no taxes, but receive free education, free health care, free transport, cheap housing..... all paid by those who pay taxes.

In the US socialism does not exist. Where I live, in Europe, it does.

 

[Ricter]

The lowest 50% pay almost no taxes, but receive free education, free health care, free transport, cheap housing..... all paid by those who pay taxes.

Presumably the lowest 50%'s labor builds the schools, builds the hospitals, builds the roads, and builds the houses.

 

[Covertibility]

Hillary represents Reagan's 10th term. I am amazed at how the left is so accepting of this slow drift to the right since the peanut farmer.

 

[piezoe]

Economies do not grow from the bottom up. They grow from the top down. Therefore, it is essential for the rich to get richer in an economy that grows.--but then, everyone gets richer in a top down growing economy. Trickle down works every trip of the train.

From: Wapshott, Nicholas, "Keynes and Hayek," Pg. 263, Norton:New York (2011).

"According to Nobel prize winning MIT Economist Robert Solow, "The boom that lasted from 1982 to 1990 was engineered by the Reagan Administration in a straightforward Keynesian way by rising spending and lowered taxes, a classic case of expansionary budget deficit."

Galbraith (The Harvard Economist) agreed. "[Reagan] came into the presidency as the country was experiencing a rather disagreeable recession and [implemented] lots of strong Keynesian policy," he said, "One of the results was an improving economy in the Eighties under Ronald Reagan. And one of the amusing facts of that was that this was done by people who didn't really understand Keynes and who were critical of him. We had involuntary anonymous Keynesianism."
...
"Galbraith humorously dismissed trickle down as the "horse and sparrow theory: If you feed the horse enough oats, some will pass through to the road for the sparrows."

"[Walter Mondale scoffed] "the idea behind Reaganomics is a rising tide lifts all yachts."
​

And of course Reaganomics proved to be not only Keynesian but way over the top Keynesian, far beyond anything Keynes himself would have recommended. And the result was monstrously high deficits. To make matters worse, the spending was on mainly wasting assets rather than on investment which would have paid for itself.

 

[Buy1Sell2]

From: Wapshott, Nicholas, "Keynes and Hayek," Pg. 263, Norton:New York (2011).

"According to Nobel prize winning MIT Economist Robert Solow, "The boom that lasted from 1982 to 1990 was engineered by the Reagan Administration in a straightforward Keynesian way by rising spending and lowered taxes, a classic case of expansionary budget deficit."

Galbraith (The Harvard Economist) agreed. "[Reagan] came into the presidency as the country was experiencing a rather disagreeable recession and [implemented] lots of strong Keynesian policy," he said, "One of the results was an improving economy in the Eighties under Ronald Reagan. And one of the amusing facts of that was that this was done by people who didn't really understand Keynes and who were critical of him. We had involuntary anonymous Keynesianism."
...
"Galbraith humorously dismissed trickle down as the "horse and sparrow theory: If you feed the horse enough oats, some will pass through to the road for the sparrows."

"[Walter Mondale scoffed] "the idea behind Reaganomics is a rising tide lifts all yachts."
​

And of course Reaganomics proved to be not only Keynesian but way over the top Keynesian, far beyond anything Keynes himself would have recommended. And the result was monstrously high deficits. To make matters worse, the spending was on mainly wasting assets rather than on investment which would have paid for itself.

It is of course false to label Reaganomics as Keynesian. Reagan proposed and got lower tax rates. Congress then spent the money. Your posting is misleading at best.

 

[piezoe]

What is it at worst then?

Your posting is misleading at best.

 

[piezoe]

Reagan proposed and got lower tax rates. Congress then spent the money.

May I suggest an interesting experiment to you. Voluntarily reduce your income next year and 'spend the money.' Then report back. If you like the outcome we can all do it the following year.

 

[Mtrader]

Presumably the lowest 50%'s labor builds the schools, builds the hospitals, builds the roads, and builds the houses.

A few hundred thousands of them live from an allowance they receive from government. This allowance is not limited in time. So they are not interested in working. The only thing they are interested in is that the working people pay enough taxes so that their allowance is not in danger. The most ambitious under them take an unoffical job so that they have in total a higher income, taxfree, then most normal working people.
Wait thill the real socialism reaches the US.

 

[Buy1Sell2]

May I suggest an interesting experiment to you. Voluntarily reduce your income next year and 'spend the money.' Then report back. If you like the outcome we can all do it the following year.

Classic liberal misinformation and misdirect----- Revenues to the treasury doubled with the Reagan tax cuts. Congress continued to spend more and more. Trickle down works every trip of the train. --But spending has to decrease.

 

[Buy1Sell2]

Classic liberal misinformation and misdirect----- Revenues to the treasury doubled with the Reagan tax cuts. Congress continued to spend more and more. Trickle down works every trip of the train. --But spending has to decrease.

It's likely that Libs realize this but it doesn't fit their talking points, so they try to revise and misrepresent.