Posted on 03/16/2024 1:26:29 PM PDT by ChicagoConservative27
A president’s budget proposal is seldom passed into law. Instead, it’s an expression of the priorities the president promises to fight for, often coming on the heels of an agenda laid out in the State of the Union address.
In his recent State of the Union speech, President Biden previewed his economically populist priorities when he said “the days of trickle-down economics are over.”
Trickle-down refers to the idea that tax cuts for the wealthiest “trickle down” to the rest of us. It’s long been a popular idea in Washington, but it’s just not true. A few years ago, the London School of Economics studied 50 years of such “trickle-down” policies in 18 industrialized nations, including the U.S., and found that their only result was increasing the wealth of the already wealthy.
(Excerpt) Read more at thehill.com ...
This is one of the most insane articles ever written. She has the right first name.
Replaced with trickle down poverty.
Yep. Not an economic IQ point in her head.
Trickle down doesn’t mean what she thinks. She’s repeating left wing talking points from 40 years ago.
I'll bet neither the author of this slop nor anyone at the London School of Economics can even explain what a "trickle-down" economic policy is. It's nothing more than a political buzzword used by losers like Joe Biden to justify his existence.
It’s whatever trickles through the fingers of the politicians.
“Trickle Down” is an invented straw man that demonstrates only that statists are entirely confused about not only what constitutes supply side economics, but how the economy works.
Ammo to use on your liberal friends:
Since Jan 20, 2021: Wages are up 12%!
Sugar up 44%
Gasoline: 42%
Bread: 30%
Butter: 27%
Chicken: 26%
Groceries: 21%
Eating out: 21%.
Yeah, Karen, the working poor are SO much better off under “0’Bidenomics”: That real inflation rate of 20-40% a year is making life so much better for the middle class and working poor.
Biden’s trickle up economy.
If anyone brings up “tax cuts for the rich” I ask them “How many poor people have you worked for? How many poor people start businesses that employ people?”
Used to justify MASSIVE tax increases on the job-creators.
MASSIVE taxes “crowd out” capital for forming companies and creating jobs. The REAL capitalist job growth, not phony-baloney government-created jobs.
Lol. There was never a trickle down economics in this country. And lately, every president raises the budget astronomically over his predecessor.
We haven’t had a real tax cut in this country since the 1980s.
“Biden’s populist budget...”
Biden the POPULIST!!! Only the Neocon Cheerleaders will try to convince FReepers of that.
“Trickle-down refers to the idea that tax cuts for the wealthiest “trickle down” to the rest of us. It’s long been a popular idea in Washington”
There is no such trickle down economics theory. It’s a mere political bumper sticker type slogan. Pretty much coined by humorist Will Roger back in the days of the great depression and resurrected by Reagans political opponents in the 1980s.
Can’t Tax The Rich. Democrats know this.
Tax code prohibits taxing the rich.
Until Dems support flat & or sales tax, it remains a way for them to simultaneously promise raising taxes while buying votes with programs & tax breaks.
Every program is paid for by the Middle class.
They print money the cost of the house shoots way up.
Yeah, there is not even any trickle down anymore. The wealthy still get wealthier, but they no longer create jobs, because they no longer need the American people, with cheaper labor being shipped in by plane train & bus from all the 3rd world hellholes of the world.
THE RICH PAY MORE WHEN TAXES ARE CUT AND TAX SHELTERS ARE CLOSED! Jfk knew it, Reagan knew it, and Trump knows it.
47 percent of Americans don’t pay a dime in federal taxes. I’d like everyone to pay 10 percent including millionaires and billionaires. If that were to happen, we’d finally have fair tax. The guy making 12,000 a year pays 1,200 dollars in taxes. The billionaire making 12 billion, pays 1.2 billion. Trump had the opportunity to do this but didn’t. His post card idea was great too, but alas….
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