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To: Skeeter Bug who wrote (159260)	9/15/2003 6:55:56 PM
From: Lizzie Tudor	Read Replies (1) \| Respond to of 164684

I don't think trickle down worked in the 80s either, is that right?

To: Skeeter Bug who wrote (159260)	9/26/2003 1:48:22 PM
From: Alomex	Respond to of 164684

Trickle down works when taxes are inordinately high. As Ronald Regan experienced first hand in the sixties, there were some activities in which this was certainly the case. Over the years, and thanks to many reforms this is less and less so. Indeed once could argue that today it is poor people who pay a disproportionate percentage of taxes, as they do not qualify for investment credits, trust funds, business "expenses" and a miriad other loopholes. Some very respectable, conservative economists urged the president to concentrate its tax break in the poor, who were likely to spend and put it back into the economy. Instead GWB choose to give it to the very rich who seem to be stashing it away in stocks and gold, activities which in the short term have a very limited effect in the economy.