Quote:
Originally posted by Seaver
Lower taxes give people back money which they spend, increasing the economy. (SNIP)
and economies arent something you can turn around in a weeks time, it takes years.
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OK. So when Reagan and Bush the First had 12 years to make this concept work, why couldn't they?
The trickle down theory works great on paper, but unfortunately, it assumes that people will always do what's best for the economy. That's a false assumption - people will do what they percieve as best for them.
i.e. if you give me $5,000, I could buy stock with it which would help generate jobs etc etc, or I could buy a nice TV, or I could stuff it under my mattress for a rainy day. Most people are gonna take the 2nd or 3rd option.
Trickle-down enriches the already wealthy while the underpriviledged have to wait at the feet of the rich hoping for a few small squeezings. It not only is a flawed economic policy, it's a damned heartless one as well.