Posted on 01/06/2014 12:02:09 PM PST by jazusamo
New York's new mayor, Bill de Blasio, in his inaugural speech, denounced people "on the far right" who "continue to preach the virtue of trickle-down economics." According to Mayor de Blasio, "They believe that the way to move forward is to give more to the most fortunate, and that somehow the benefits will work their way down to everyone else."
If there is ever a contest for the biggest lie in politics, this one should be a top contender.
While there have been all too many lies told in politics, most have some little tiny fraction of truth in them, to make them seem plausible. But the "trickle-down" lie is 100 percent lie.
It should win the contest both because of its purity — no contaminating speck of truth — and because of how many people have repeated it over the years, without any evidence being asked for or given.
Years ago, this column challenged anybody to quote any economist outside of an insane asylum who had ever advocated this "trickle-down" theory. Some readers said that somebody said that somebody else had advocated a "trickle-down" policy. But they could never name that somebody else and quote them.
Mayor de Blasio is by no means the first politician to denounce this non-existent theory. Back in 2008, presidential candidate Barack Obama attacked what he called "an economic philosophy" which "says we should give more and more to those with the most and hope that prosperity trickles down to everyone else."
(Excerpt) Read more at creators.com ...
I’ll concede that. :-)
Nixon had pretty liberal policies.
That's what we have now with these Bankster Bailouts, Solyndra type government contract frauds, Obamacare exemptions for connected companies, mortgage security scams and all these other Crony Corporatist schemes that are made possible by FEDGOV cooperating or looking the other way.
The Insiders are getting richer at the expense of the middle-calss now, under Obama.
The problem all these socialist face is that the bar to be called “rich” keeps getting lower and lower.
A little taking is never enough. The appetite for tax money grows larger every day. Soon anyone with a job making more than 15 and hour will be called rich.
Then, and only then will the government grab become real to people.
Wikipedia has an interesting section on the history of the term trickle down economics. It also refers to an alternative theory which is “loot and plunder” which I suggest we use to describe RAT plans for tax increases on “the rich”.
Of course if the RATS were interested in a “fair” tax system they would support the flat tax.
Down Chrissy’s Leg?
You have to listen carefully.
Libs define any tax cut as the government giving money away.
That is what they mean when they claim that oil companies get billions of dollars in subsidies from the Fed gov, while the oil companies are paying many fortunes in taxes to that same Fed gov(IRS).
The money only goes one direction to them, to the gov, but libs call it a gift to the oil company.
......This way they could all adhere to their own philosophy and have the rest of the money that would normally be paid to them could be compassionately redistributed to the needy like they say the rest of America should do. Because apparently ...... any money earned above minimum wage never makes it's way down the chain and .... according to them...... is wasted.
Only in the fevered leftist mind can believe that “letting people keep their money” is “giving them money.”
“It’s kind of hard to sell ‘trickle down,’” Stockman told the interviewer. “So the supply-side formula was the only way to get a tax policy that was really ‘trickle down.’ Supply-side is ‘trickle-down’ theory.”
William Greider, “The Education of David Stockman,” The Atlantic Monthly, December 1981, pp. 46-47.
It's a very telling philosophy. It tells who they believe money belongs to. We think it belongs to the earner, they think money belongs to the gummint, except what they think we should be allowed to keep. Whenever you hear *any* politician, of *any* party use the phrase "Tax Expenditure," they are giving their game away. They're calling a tax cut an expenditure.
Trickle down from private citizens to private citizen is better then trickle down from private citizen through government to others.
Many of them openly admit that.
They say we all benefit from this *rich nation* and are like part of an ecosystem where some create jobs and others consume(like the bees spreading pollen), which in turn creates demand that makes the rich guys $$$. We all do our part even those on welfare.
So when economic inequality gets too large the whole system breaks down. Like an invasive species taking over.
Then the government has to ‘level the playing field’ for everyone’s well being.
We will see how it goes in NYC.
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It has finally dawned on me that the real “trickle down” economics is socialism. Government confiscates rich people’s wealth, and “trickles it down” to the poor.
Trickle down according to the article is that you give the people at the top more. That’s not how it works. You allow everyone to keep more of what they make. A rising tide floats all boats.
I heard some clown mention “income inequality” the other day. I said, “Congratulations! You’ve just moved from ‘Socialist’ to ‘Communist.’”
“’Give’ more to the most “fortunate’”?
The mentality that a refund of YOUR money is “giving” money out of thin air has penetrated government spin itself.
Thank you for the post and ping, Jaz.
It makes me wonder who said it first. Was it just some commie lib trying to make fun of tax cuts, not believing that they increase revenue every time they’re tried?
I guess we’ll never know.
John Kennedy said that.
I think we must develop our natural resources. You cannot bring industry into Ohio unless you have clean rivers. I think the greatest asset that has happened to Ohio during the last few years, except for Governor Di Salle's election, was the building of the St. Lawrence Seaway, and I was proud, though I came from Massachusetts, to vote for it, because it is a national asset and a rising tide lifts all boats. If Ohio moves ahead, so will Massachusetts. [Applause.] Good water, power, transportation, those are necessary to develop the economy of the United States in the 1960's.
Remarks of Senator John F. Kennedy, Municipal Auditorium, Canton, Ohio September 27, 1960
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