Reagan is not great

Germany Has the Most Unequal Distribution of Wealth in the Eurozone ...

China Is One of the Most Unequal Countries in the World, IMF Paper ...
Report: China's 1 Percent Owns 1/3 of Wealth | The Diplomat


Think it is some kind of coincidence that the countries who who produce their ways to wealth are so unequal? It's not. It is the only way to create wealth. By production. And the more profitable production that takes place, the greater the wealth of the risk takers who created that production.

It is axiomatic. There can be no other way. It's a fantasy to think otherwise.

 
fhl said:
Yeah, you state this bullshit every chance you get, and I keep replying that it's nonsense, every chance I get.

Wealth is made by production. That's supply side economics. You cannot produce wealth by demand side economics. It's elementary. It's definitional. And you are delusional to think otherwise.
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whatever.
 
piezoe said:
It turns out that you can't help the middle class by giving their money to the rich.
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See, right there is your problem. Cutting someone's marginal tax rate is letting them keep more of their own money. It's not taking from someone else. Let me put it another way. It is not "their" money. It belongs to the person who earned it.

All you are doing is proving that for you, like with nitro, envy is your guiding principle. No wonder you both like that idiot sanders.
 
The great flaw in Reagans plan and all subsequent supply side thinkers is the assumption that the human conditions of greed and corruption will somehow be overcome by patriotism. Foolish. We have seen time and again that less regulation leads to more corruption and the financial rape of the working man. It's all a nice theory, but in practice is a complete and total failure.
 
CaptainObvious said:
The great flaw in Reagans plan and all subsequent supply side thinkers is the assumption that the human conditions of greed and corruption will somehow be overcome by patriotism. Foolish. We have seen time and again that less regulation leads to more corruption and the financial rape of the working man. It's all a nice theory, but in practice is a complete and total failure.
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Well said, and supported by history. Broad education is the antidote to destructive thinking, and the lifeblood of any democracy.
 
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fhl said:
Yeah, you state this bullshit every chance you get, and I keep replying that it's nonsense, every chance I get.

Wealth is made by production. That's supply side economics. You cannot produce wealth by demand side economics. It's elementary. It's definitional. And you are delusional to think otherwise.
More...
Read what the Captain wrote . . .

and learn.
 
CaptainObvious said:
The great flaw in Reagans plan and all subsequent supply side thinkers is the assumption that the human conditions of greed and corruption will somehow be overcome by patriotism. Foolish. We have seen time and again that less regulation leads to more corruption and the financial rape of the working man. It's all a nice theory, but in practice is a complete and total failure.
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Are you referring when Bill Clinton repealed Glass-Steagall?
 
piezoe said:
I have posted extensively in ET forums on how Reagans supply-side economics which resulted in a dramatic compression of tax rates -- at one point nearly eliminating progressivity in our income tax code -- has been a major factor in wealth redistribution in the U.S.. The effect of Reagan era compression of tax rates, combined with taxing unearned income at lower rates than earned, compounded over many years, has resulted in the redistribution of wealth from the middle class upward to the already wealthy. In no small measure, this has been responsible for the lopsided wealth distribution we see in today's America. Ronald Reagan, the "Great Wealth Redistributor".

Reagan meant well but his policies proved disastrous for the long term. And amazingly, we still have a large fraction of the Republican party today advocating supply-side economics, despite Reagan's own eventual recognition of the failure of supply-side economics. It turns out that you can't help the middle class by giving their money to the rich. Who would have thought!
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The current Keynesian economic theory also has some majors fundamental flaws in the theory.
 
CaptainObvious said:
We have seen time and again that less regulation leads to more corruption and the financial rape of the working man.
More...


You are painting with too broad a brush. The EPA is strangling the economy by pushing radical carbon regulations that are grounded in AGW religion. I can't begin to list all the overly intrusive regulations,e tc from departments like the Education Department or Labor Department that are designed to push a far left radical social agenda.

The populists who support Trump do not object to reasonable consumer protection. We know we can't trust bastards like Goldman Sachs or big corporations. Of course, most of them support Hillary, so you have to wonder what they know that her voters don't.
 
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