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For the trickle-down file: -- (link)

Posted by Dr.Vermin (aka Dr.Vermin) Aug 2 '10, 11:56

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"Think of the wealthy as the main engine of the economy: When they buy more, the economy hums. When they cut back, it sputters. The rest of us mainly go along for the ride." (cnsnews.com)

Responses:

I do love that the first economist they quote is from the International Council of Shopping Centers - znufrii Aug 2, 12:04 3
- Worst. League of superheroes. Ever. -- nm - TFox Aug 2, 12:10 2
  - Do you dare challenge: The Mall Walker? -- nm - Reagen Aug 2, 12:13 1
    - Even The Renter could whoop on that a-hole. -- nm - TFox Aug 2, 12:19
So because they're spending less at Saks Fifth Avenue, the other 95% have stopped shopping at Walmart? - JaxSean Aug 2, 12:04 13
- The theory of course goes that when they spend less at Saks then the employees of Saks and their suppliers have to spend less too. -- nm - Ender Aug 2, 12:08 12
  - So the guy that drives the truck that delivers the clothes to Saks spend less. So that's like .01% of the % that even shop at Saks. - JaxSean Aug 2, 12:13 10
    - I was talking about my buddy's sailboat down in Virginia on a backboard... - Dr.Vermin Aug 2, 12:24 9
      - Sure your exemple has an effect, but IMO it's nothing compared to 200 millions people buying peanut butter - Guigue Aug 2, 12:26 8
        
        Not the same, no... - Dr.Vermin Aug 2, 12:31
        
        There's a reason that there's such a thing a the Big Mac index - Reagen Aug 2, 12:29 2
        
        hee -- nm - JaxSean Aug 2, 12:36
        
        We should start the yacht index - Guigue Aug 2, 12:30
        
        "30 years of history prove otherwise, but it'll work this time by golly!!" -- nm - Don Homer Aug 2, 12:27 3
        
        Yeah, those years under Reagan were horrible. If only we could've brought back Carter. -- nm - Strongbad Aug 2, 12:37 2
        
        If only the mindset had stopped with Reagan. - Will Hunting Aug 2, 12:40 1
        
        Sadly, you're right. - Strongbad Aug 2, 12:45
  - but that's countered, I think, by the proportion of money they put back into the economy through spending in the first place. - znufrii Aug 2, 12:09
Good, so we should take their money away from them since they're not spending it and are therefore screwing the economy! --nm - Guigue Aug 2, 12:04 2
- Heh! - Dr.Vermin Aug 2, 12:07 1
  - Guigue for President! -- nm - Guigue Aug 2, 12:09
oh please, rich people. don't leave the rest of us to starve! -- nm - chuckles Aug 2, 11:57 8
- Even Reagan's budget director thinks extending the tax cuts for the wealthy is a bad idea... -- (link) - Don Homer Aug 2, 12:00 7
  - I think it's pretty clear at this point that "trickle down economics" was never about economics and all about pandering to the base. - Mop (222 lbs) Aug 2, 12:02 5
    - How exactly is giving the fiscal benefits to the rich pandering to the base, ie the largest group of support? - Will Hunting Aug 2, 12:17 4
      - the central thesis of trickle down is give the breaks at the top and they inure to the benefit of the rest of society - chuckles Aug 2, 12:21 3
        
        I know the tenet of trickle-down...I don't get how it's pandering to the base given the base isn't 1%-rich. - Will Hunting Aug 2, 12:24 2
        
        who donates the most? -- nm - Mel Profit Aug 2, 12:28 1
        
        1% of the vote = 1% of the vote. -- nm - Will Hunting Aug 2, 12:32
  - What does he think about him going on Jeopardy? -- nm - Black Rabbit Aug 2, 12:02

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