SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : Formerly About Advanced Micro Devices
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: tejek who wrote (511765)9/9/2009 5:05:16 PM
From: i-node  Read Replies (1) of 1577828
 
These things you point out would have happened with or without tax cuts. People are better off because of productivity gains which allowed for higher incomes and the mass production of 'things' particularly in countries with a lower standard of living which lowered the cost of those 'things' to the average American consumer. Nonetheless, from the 1970s until now, a larger and larger percentage of America's resources have come under the control of a smaller and smaller percentage of the nation's population.

There is a ton of bullshit in that paragraph.

First, to argue that "it would have happened anyway" is bogus; we have seen historically that when you have tax cuts, people (ALL people) benefit. This has been remarkably consistent. Tax cuts cause economic growth and it does in fact "trickle down" to the poor. There simply isn't any doubt about this at this point.

It is absolutely true that the rich have gotten richer. I told you that much. But it is also true that the poor have gotten richer. And in fact, the poor have gotten DISPROPORTIONATELY richer.

A few people have gotten filthy rich. And this, by the way, is not an "American" event. People in countries all over the world have gotten filthy rich and to a large extent it is due to these other countries having adopted the policies that made Americans rich. China and Russia are good examples, but there are plenty more. Take Merkel for example. The simple truth is that countries around the world have emulated the Reaganesque economic policy and they have done so with excellent results.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News