Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

How Did The Democrats Become The Party Of The Rich?
Forbes ^ | 01/09/2014 | Steven Hayward

Posted on 01/09/2014 6:38:49 AM PST by SeekAndFind

click here to read article


Navigation: use the links below to view more comments.
first previous 1-2021-4041-6061-8081-87 next last
To: sickoflibs; C. Edmund Wright
Generally, trickle-down economics works. What do wealthy people do with their money? Usually they don't keep it in a sock under their bed, they spend it or invest it.

The one caveat to this is the assumption that capital remains within the country. It's hard for wealth to create jobs in the US if the wealthy are primarily investing in oversees properties, businesses, and ventures.

61 posted on 01/09/2014 11:59:48 AM PST by ek_hornbeck
[ Post Reply | Private Reply | To 26 | View Replies]

To: ek_hornbeck; C. Edmund Wright
RE :”Generally, trickle-down economics works. What do wealthy people do with their money? Usually they don't keep it in a sock under their bed, they spend it or invest it.
The one caveat to this is the assumption that capital remains within the country. It's hard for wealth to create jobs in the US if the wealthy are primarily investing in oversees properties, businesses, and ventures.”

Exactly! Thanks

My point is that the world economy has changed dramatically in the past even 15 years, the PC and internet and an modern China allow trade and outsourcing never dreamed before. These all pose great challenges.

But the GOP 2012 ‘winning’ messages were the same ones used 30 years ago.

In fact 30 years ago it was inconceivable that the US could run up such huge debts withou Nixon- Carter era inflation, but we have nothing like that now.

GOP needs relevant ideas. That is why anything Obama made up sounded smart to too many Americans

62 posted on 01/09/2014 12:07:18 PM PST by sickoflibs (Obama : 'If you like your Doctor you can keep him, PERIOD! Don't believe the GOPs warnings')
[ Post Reply | Private Reply | To 61 | View Replies]

To: SeekAndFind
Yes, they have, but one important fact has escaped notice: higher income tax rates will not touch the bulk of the fortunes of today’s plutocrats, for the simple reason that the great bulk of the accumulated wealth of Gates, Buffett, Silicon Valley and Wall Street consists of appreciated asset values—not ordinary income.

Exactly. Higher income taxes harm the upper middle class far more than they harm the plutocrats, most of whose wealth comes from capital gains and assets rather than paychecks.

Similarly, excessive environmental and OSHA regulation harms small businesses far more than they hurt major corporations. The latter can afford to pay the overhead, while the time and financial/legal costs involved will break the back of a typical small business. So large corporations often favor these types of regulations which give them a still greater competitive edge over their smaller competitors. A good example of this is how some companies will actually profit from the "Cap and Trade" scheme.

63 posted on 01/09/2014 12:07:42 PM PST by ek_hornbeck
[ Post Reply | Private Reply | To 1 | View Replies]

To: ilgipper
RE :”What position should conservatives have taken a year ago after the election..”

No, After Romney lost the GOP position should have been, and largely was, to keep Obama from getting any of his agenda ideas passed.

And for the most part they were successful, so far.

My one issue was with the shutdown. It sure looks like it was designed to lose to Obama. I warned against it before it started and never could get a coherent explanation of the purpose from supporters.

The best explanation I ever got was ‘They did it to smoke out the disloyal Republicans’

Not that the idea was really to get Obama to cave, that it was just a very painful loyalty test..

64 posted on 01/09/2014 12:15:15 PM PST by sickoflibs (Obama : 'If you like your Doctor you can keep him, PERIOD! Don't believe the GOPs warnings')
[ Post Reply | Private Reply | To 53 | View Replies]

To: ek_hornbeck

you continue to conflate wealthy (they’ve already gots money) with high earners (they are producing their wealth dynamically now) and you continue to be a class envy liberal.


65 posted on 01/09/2014 1:51:05 PM PST by C. Edmund Wright (Tokyo Rove is more than a name, it's a GREAT WEBSITE)
[ Post Reply | Private Reply | To 61 | View Replies]

To: sickoflibs

could be you’re a dumbass with no consistent philosophy…..which I think is the case. You’re all over the place, ranting about stuff that’s nothing to do with the main point.

You play chess like a pigeon…..


66 posted on 01/09/2014 1:52:10 PM PST by C. Edmund Wright (Tokyo Rove is more than a name, it's a GREAT WEBSITE)
[ Post Reply | Private Reply | To 60 | View Replies]

To: ek_hornbeck

Stim was not really a “too big to fail” like TARP, and 0%, let me repeat, 0% of stim was paid back. Most of TARP was. They’re both bad. Stim was much much worse though.


67 posted on 01/09/2014 1:53:15 PM PST by C. Edmund Wright (Tokyo Rove is more than a name, it's a GREAT WEBSITE)
[ Post Reply | Private Reply | To 58 | View Replies]

To: C. Edmund Wright
RE :”could be you’re a dumbass with no consistent philosophy…”

You confusing philosophy with blind ideology, which I have none of.

Ideologs always get frustrated with real problems because they are never simple 2+2

68 posted on 01/09/2014 1:58:42 PM PST by sickoflibs (Obama : 'If you like your Doctor you can keep him, PERIOD! Don't believe the GOPs warnings')
[ Post Reply | Private Reply | To 66 | View Replies]

To: C. Edmund Wright
Clearly crony capitalism means non capitalism or anti capitalism or acapitalism….but fight your fight.

This isn't about me, this is about people who are blinded by political ideology.

If you were to say "crony capitalism" to people living in Seattle, they would instinctively assume capitalism is bad and this is the worst of it. They don't think. They are so programed to certain words that they just don't think. Now if you were to say, "crony socialism" they would have a melt down because you used the word socialism in a bad light. Then they will deny that anything like that could ever happen under a socialist control.

69 posted on 01/09/2014 2:01:05 PM PST by dragonblustar (Psalm 37:7)
[ Post Reply | Private Reply | To 14 | View Replies]

To: C. Edmund Wright
you continue to conflate wealthy (they’ve already gots money) with high earners (they are producing their wealth dynamically now)

No, I'm not. My point was that regardless of where the money comes from, if it is being invested overseas, it contributes little or nothing to job creation in America. Trickle-down economics works if capital remains within our borders, it doesn't if it's invested overseas.

and you continue to be a class envy liberal.

And you continue to come across like a little kid, with some bumper-sticker name to call anyone who happens to disagree with you on any issue. My post about capital remaining in the US vs. being invested abroad had absolutely nothing to do with "class envy," but if it makes you feel better to pin that label on anyone you dislike, so be it.

70 posted on 01/09/2014 2:15:12 PM PST by ek_hornbeck
[ Post Reply | Private Reply | To 65 | View Replies]

To: C. Edmund Wright
Stim was not really a “too big to fail” like TARP, and 0%, let me repeat, 0% of stim was paid back. Most of TARP was. They’re both bad. Stim was much much worse though.

Bailing out GM and Chrysler grew out of the same reasoning as the bailouts of financial services sector giants. I fail to see the difference between the two, unless you somehow believe that giving taxpayer dollars to bail out the failed ventures of investment bankers is somehow more justified than giving it to floundering auto manufacturers.

71 posted on 01/09/2014 2:17:14 PM PST by ek_hornbeck
[ Post Reply | Private Reply | To 67 | View Replies]

To: sickoflibs

That’s quite a liberal definition of what Romney actually said and it’s not in full context.

Frankly, he was speaking RINO conventional wisdom that overpaid “consultants” espouse.

Also, isn’t it basically true?

And regardless of that statement, Romney was going to lose anyway because he’s a phony.


72 posted on 01/09/2014 2:21:35 PM PST by Fledermaus (If we here in TN can't get rid of the worthless Lamar, it's over.)
[ Post Reply | Private Reply | To 23 | View Replies]

To: dragonblustar
Now if you were to say, "crony socialism" they would have a melt down because you used the word socialism in a bad light.

The problem with that (aside from inaccuracy) is that "crony socialism" implies that there is such a thing as a pure socialism which is OK and a "progressive" ideal to be striven toward, if only we can finally elect a slate of libtards smart enough and honest enought to implement it. When the truth is that free market capitalism is an engine of wealth creation, whereas socialism, whether corrupt or honest, is the opposite.

73 posted on 01/09/2014 2:37:22 PM PST by cynwoody
[ Post Reply | Private Reply | To 69 | View Replies]

To: ek_hornbeck

You can fail to see the differences all you want, that is a failure of your brain. The similarities are also there, and there is some of the same thinking, but not all. Stim was a pure and simple slush fund. The unions, GM, Chrysler, all kept the money (the GM payback is bullshit). Most of TARP was not wanted by the banks (most, not all) and most was paid back.

There are similarities, but there are massive differences too. If you are too thck to see that, that’s your intellectual shortcoming.


74 posted on 01/09/2014 2:39:50 PM PST by C. Edmund Wright (Tokyo Rove is more than a name, it's a GREAT WEBSITE)
[ Post Reply | Private Reply | To 71 | View Replies]

To: ek_hornbeck

That is not necessarily true…..it’s a world wide economy, and if you want to stay with your flat earth assumptions, go ahead. The world will leave you in the dust.

That’s not to say I wouldn’t prefer capital be invested here, and repatriation of offshore funds would be fantastic….but your zero sum mentality on international finance is just, well, a zero’s brain game.


75 posted on 01/09/2014 2:41:25 PM PST by C. Edmund Wright (Tokyo Rove is more than a name, it's a GREAT WEBSITE)
[ Post Reply | Private Reply | To 70 | View Replies]

To: dragonblustar

There is a messaging problem there……but it doesn’t change the fact that Sarah Palin, Thomas Sowell, and I agree on…..it’s crony capitalism……its a proper term.

Prefixes are prefixes dude….like it or not.


76 posted on 01/09/2014 2:42:28 PM PST by C. Edmund Wright (Tokyo Rove is more than a name, it's a GREAT WEBSITE)
[ Post Reply | Private Reply | To 69 | View Replies]

To: C. Edmund Wright

Most of your posts basically amount to “I’m brilliant, everyone who disagrees with me is stupid.” Frankly, I haven’t seen much Nobel-worthy material in your posts, just narcissism and name-calling. I’ve met many people over the years who are legends in their own minds, as far as I’m concerned, you’re just another moth to add to that musty collection.


77 posted on 01/09/2014 2:49:32 PM PST by ek_hornbeck
[ Post Reply | Private Reply | To 75 | View Replies]

To: C. Edmund Wright
You need this book. PM me and I'll send one to you free

I'm pleased to hear that you offer to send people free kindling for their fireplaces and free liner for their cat litter boxes. I had you all wrong - you're a kind and generous sort after all!

78 posted on 01/09/2014 2:59:00 PM PST by ek_hornbeck
[ Post Reply | Private Reply | To 76 | View Replies]

To: cynwoody
The problem with that (aside from inaccuracy) is that "crony socialism" implies that there is such a thing as a pure socialism which is OK and a "progressive" ideal to be striven toward, if only we can finally elect a slate of libtards smart enough and honest enought to implement it. When the truth is that free market capitalism is an engine of wealth creation, whereas socialism, whether corrupt or honest, is the opposite

That's correct. Seattle just elected it's first socialist to city council in like 150 years. The rhetoric coming out of her mouth was so over the top, I thought it must have been a joke. And yet, people applauded her and cheered her on.

79 posted on 01/09/2014 3:24:15 PM PST by dragonblustar (Psalm 37:7)
[ Post Reply | Private Reply | To 73 | View Replies]

To: ek_hornbeck
Kindling……LOL……..class envy is not your only problem sad dude


80 posted on 01/09/2014 3:39:25 PM PST by C. Edmund Wright (Tokyo Rove is more than a name, it's a GREAT WEBSITE)
[ Post Reply | Private Reply | To 78 | View Replies]


Navigation: use the links below to view more comments.
first previous 1-2021-4041-6061-8081-87 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson