IIRC You deny the basic tenets that built the richest economy in world history.Originally Posted by Enscheff
I would be careful about accusing others of being ignorant.
IIRC You deny the basic tenets that built the richest economy in world history.
I would be careful about accusing others of being ignorant.
LOL what?
I find it adorable that a college kid thinks he's worldly after a few semesters. You can't be gone soon enough.
Didn't you make fun of me for being a proponent of trickle-down economics last year?
No, but if you believe in trickle down economics I would have made fun of you.
Look, I realize you're at the point in your life where you're just starting to learn enough to begin questioning everything you've been told for years as an adolescent. That's great. I commend you for taking the steps towards becoming a critically thinking adult.
But right now, you don't know ****, and I can't wait for our bet to be final.
I believe you are "misremembering." No big deal. But you are wrong- trickle down is the ONLY system that works.
Not sure why you keep trying to demean me based on age or experience. I realize it is what you do, though. You are very insecure and borderline harass/abuse several posters here.
You should be ashamed. You might know baseball but you have no humanity (and no semblance of a clue on econ).
JohnAdcox, I think we need the Enscheff's Basic Politeness Translator in here.
Last edited by Garmel; 03-05-2018 at 05:44 PM.
The verbage trickle down economics is basically an invention of left leaning humorists who were lampooning the more proper term "supply side economics"... Economists like Thomas Sowell who advocate for supply side economics have never claimed that it works in a trickle down manner.
Understand, but I know economists who think so. I am not an economist, but I think so. If Sowell has never explained it that way, he should. All wealth comes from the top in one way or another.
I am kind of wondering if you are a parody account at this point.
Am I wrong? Where does wealth come from?
Where Wallace At, String?
jpx7 (03-05-2018)
It is enscheff’s alter account
I've had too long a day.
I had like six people argue a clear fact with me today and I'm just exhausted from all that.
I can't get into economics at 6PM.
Ah hell, where do you think wealth comes from? What do you mean when you say wealth anyway?
Wealth is either paper money/commodities/manufactured goods/land- something that has value.
Very basic explanation:
In the modern economy, wealth will always trickle down from the top because it has nowhere else to go. It's just the natural mechanics of the capitalist system. The "rich" are not evil and are not "hoarding" money. They invest (by various means) in businesses which employ workers and provide useful goods/services to the population.
Even when they are splurging on luxury goods, someone is working in those Ferrari manufacturing plants. Someone is hand-crafting those Italian shoes and suits.
The innovators in a given economy are rightly rewarded with enormous wealth by the markets.
The American economy is no exception: it was created by an enormous trickling down of wealth. I am from one of the poorest regions of the country and can't IMAGINE where some of the towns I grew up near would be without companies like Wal-Mart, Dollar General, Target, Lowe's, etc.
Those companies have benefited the most people, so they receive the most profit. The people who started those companies should be rewarded and given the chance to create even more companies like that.
You can't claim trickle down economics works after looking at the wealth distribution graphs for the last 50 years and still be considered a logical person who isn't completely self-serving.
Nothing is trickling down...
Most people who are accumulating wealth now started nothing and contribute nothing to society...
Last edited by Enscheff; 03-05-2018 at 06:24 PM.
Wealth is stolen upwards from labor.
"For all his tattooings he was on the whole a clean, comely looking cannibal."
LOL. "Wealth distribution" That's a cute populist talking point.
Maybe the top has simply grown enormously because the gates to more markets have been opened and the Chinese and others have been given the U.S. manufacturing base.
That's the global economy for you, though. Has nothing to do with trickle down economics not working. The opposite, "trickle up", is completely ass backwards and why Venezuela can't afford food.
Nah. Most billionaires are self-made.
There is nothing more amusing than someone who is learning real information for the first time haha.
Hey, at least you're not using your time in college just to party. Kudos on that.
Are we seriously about to get into an Austrian/Keynesian debate?
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