We're set to do another round of "TAX THE RICH!" We did that about 2012 which led to my poor ass self paying higher taxes and higher prices on things like food and gas. The rich, people like Obama and Buffet, payed no more taxes because tax structure.

The rich set tax policy. They know tax rate can be set to 100% and they still won't have to pay much.

Don't people like Killtheskyfairy even read this stupid shit before they post it?

When poor people make more money, they got it from a rich person. That is "trickling down".
If trickle-down wasn't a thing, nobody would be "stimulating" the economy.
A higher income tax rate won't touch money that's being "hoarded" offshore, it will just continue to decimate the middle-class.
Which... to be fair... she may just be too stupid to realize, but is the entire purpose of arguments like hers.

That said, tax cuts for good employers create more jobs. There's good actors and bad actors, we need good rich people to own businesses and employ people.

Howdy @Beachslim,

Stands to reason that when you reduce your economic education to cartoon figures, that's the kind of conclusions you reach.

The "rich" don't hoard cash. A mound of money does nothing. It doesn't grow. It loses value in inflationary times. The rich invest. Investments grow. Investments build businesses and hire people.

Amity Shlaes, in her book, The Forgotten Man wrote about the 'capital strike' of the New Deal years. The rich were being attacked by FDR and his supportive press. They were being singled out by name and treated to withering public scorn. The DOJ and IRS targeted them. So they took their money out of the financial markets and put them into tax exempt bonds. Growth slowed to a trickle.

This anemic trickle of growth lasted until the WWII mobilization. And here is the fascinating part. The mobilization wasn't a government directed program. It was coordinated by William Knudson of General Motors. FDR's government got out of the way, and heads of industry collaborated on who would produce the weapons, machinery and ships needed for the war effort. Boy, did they ever produce. The same heads of industry, excoriated by FDR for the seven years before the war, won the war in an avalanche of production.

FDR looked at the economic numbers in 1943 and was forced to admit, "Doctor New Deal didn't cure the patient. Doctor War did."

Trickle down economics is the wealthy pissing on the poor and telling them it's raining. The dems administration has propped up these markets with the greatest cash giveaways in history, increasing national debt to unprecedented levels.

Your comment about cash isn't necessarily what is being noted in the "quote". A better word would have been wealth.

And trickle down (not from the government) DOES work. It is THE way jobs are created.