Trickle Down Economics

[Jason76]

In this view, the classic conservative one, if only people will let business be, then they could expand, providing jobs. Anyway, what might be some counter-arguments?

 

[htb24]

I can't provide a counter argument, the counter argument is essentially advocating socialism. It seems economically logical to me that in order to better society you need to reduce unemployment, in order to reduce unemployment more jobs need to be created and in order for more jobs to be created we need big companies and businesses to invest their money by creating jobs. Contrary to what the left say, the rich aren't interested in keeping their money locked away just sitting there, they want to invest it so they make more money. Them creating jobs is an investment.

 

[Cosmic]

How about we tax the wealthy’s posessions, not just the income... that would incentivize them to spend money rather than hoarding it. Money usually doesn’t trickle down. Rather, it languishes in bank vaults, so that the rich person can have more zeros beside their name.

 

[htb24]

How about we tax the wealthy’s posessions, not just the income... that would incentivize them to spend money rather than hoarding it. Money usually doesn’t trickle down. Rather, it languishes in bank vaults, so that the rich person can have more zeros beside their name.

I would have to disagree with this. I don't personally believe that all the rich people in the world are just storing their money away as then they wouldn't be making money. Rich people are rich because they want to keep on making money so they don't just get to a point and stop making money. Also if they are storing a lot of money away in banks in theory it is trickling down as the bank invests it in the form of loans. The problem comes when the banks start investing money it does not have because it knows the government will bail them out if they lose all of their money. We need to let these banks fail.

 

[Jason76]

Trickle down - as in urine. 😀

How about we tax the wealthy’s posessions, not just the income... that would incentivize them to spend money rather than hoarding it. Money usually doesn’t trickle down. Rather, it languishes in bank vaults, so that the rich person can have more zeros beside their name.

Might be one to something here - and I do agree that the rich hoarding money is something even right-wingers cannot deny. I mean, if money isn't spent, jobs aren't created and hence, more miserable people who hate capitalism.

I would have to disagree with this. I don't personally believe that all the rich people in the world are just storing their money away as then they wouldn't be making money. Rich people are rich because they want to keep on making money so they don't just get to a point and stop making money. Also if they are storing a lot of money away in banks in theory it is trickling down as the bank invests it in the form of loans. The problem comes when the banks start investing money it does not have because it knows the government will bail them out if they lose all of their money. We need to let these banks fail.

The sentence might be, "Spending it on what?". If some competent guy is complaining nobody is hiring him, the problem might be that they just don't need or want his service at the time.