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Old 09-07-2012, 07:22 AM   #41
Chiefshrink Chiefshrink is offline
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Quote:
Originally Posted by Aries Walker View Post
I hope you're being facetious.

I'm not an economist, but from what I can understand, it goes something like this:
- Give the working (that is, middle) class tax breaks.
- This allows them to have a few extra dollars in their pockets.
- Some of which they then spend.
- As some spend, consumer confidence rises, and more spend.
- That money spent goes into businesses, of course.
- The businesses have more money.
- The businesses expand and hire more people.
- Boom.

The opposite, top-down (or trickle-down) goes something like this.
- Give the upper (that is, the job-creating) class tax breaks.
- The businesses have more money.
- The businesses expand and hire more people.
- People who were unemployed are now hired.
- People who are hired now have money.
- Some of which they then spend.
- As some spend, consumer confidence rises, and more spend.
- That money spent goes into businesses, of course.
- Boom.

How am I doing?
You are all over the place here in both segments. Combine both segments and you have "Trickle down". Since when does the working class provide jobs? They don't. This 'bottom up" BS is non-existent and never has existed in world history and is just class warfare Marxist speak.

Jobs come from wealth created in the free market by the individual/company of people who then keep investing thus creating more jobs for the working class thus more wealth for the working class. This notion that the wealthy individual/group of people go into business to provide jobs to the masses is just absolute 'idiocy". People go into business to get rich however they define rich. They continue to invest and develop other businesses to get wealthier and the by product and a HUGE BY PRODUCT of that free market approach is that it creates more jobs thus making "Joe Sixpack"'s life a lot easier. The Left just can't stand the fact that "a people are free to attempt to get rich" (actually earn it) and then enjoy it. And it is Left that tries to attempt to define what rich is and who is too rich and needs to shaaaaaaaaaare more of their wealth(Marxist speak)
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