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I think the 'trickle down' theory of economic works in principle but only when you choose the correct starting point for the trickle. Forcing banks to have a hi

I think the 'trickle down' theory of economic works in principle but only when you choose the correct starting point for the trickle. Forcing banks to have a high level of reserve funds makes sense because in a down market or a crisis lending is less threatened, giving normal families more cash will benefit the economy because they will circulate that cash through the system. Large tax breaks to multinational companies doesn't make sense in a 'trickle down' way because there is so much a large Corp can spend money on that affects only a sliver of the total economy: executive bonuses and share buybacks are the obvious culprits. At the end of the day though, everyone involved with this legislation knew who it was intended for, and it definitely wasn't the economy as a whole. Not to be a partisan but I really can't even discern what domestic policies the GOP has on it's agenda, especially post tax cut. There are so many big ticket problems in American society and they don't seem to have a plan for any of them.

sjg007 8y ago
Nope. It doesn’t work. https://en.m.wikipedia.org/wiki/Trickle-down_economics https://en.m.wikipedia.org/wiki/Trickle-down_economics
- dorchadas 8y ago
  Oh, it works. That money trickles down right to the Cayman Islands or Panama. All that trickles down to the American public is the drops left when the rich shake after letting it trickle to those places. Trickle down economics could easily be summed up as "pissing on me and telling me it's raining", when Republicans love the rain.
skybrian 8y ago
Trickle-up makes a lot more sense. Give money to people at the bottom, or maybe equally to everyone. They will spend it, and whichever businesses serve them best will profit.
- mbrumlow 8y ago
  I think you have to give it to everybody equally. Othereise it might be more beneficial for some to stay in a lower bracket. I know some will think this is silly but I have seen it fist hand geoing up. This can happen when the cut off for support is a hard cliff. Working one extra job for $100 can bring you over the limit resulting in more than double the support. Essentially meaning you are paying $100 to make $100.
  - niij 8y ago
    Situations like that cause people to be apathetic to moving up. That's the reason I think handouts are a blunt instrument and at most should be used sparingly.

sjg007 8y ago

Nope. It doesn’t work. https://en.m.wikipedia.org/wiki/Trickle-down_economics https://en.m.wikipedia.org/wiki/Trickle-down_economics

dorchadas 8y ago
Oh, it works. That money trickles down right to the Cayman Islands or Panama. All that trickles down to the American public is the drops left when the rich shake after letting it trickle to those places. Trickle down economics could easily be summed up as "pissing on me and telling me it's raining", when Republicans love the rain.

skybrian 8y ago

Trickle-up makes a lot more sense. Give money to people at the bottom, or maybe equally to everyone. They will spend it, and whichever businesses serve them best will profit.

mbrumlow 8y ago
I think you have to give it to everybody equally. Othereise it might be more beneficial for some to stay in a lower bracket. I know some will think this is silly but I have seen it fist hand geoing up. This can happen when the cut off for support is a hard cliff. Working one extra job for $100 can bring you over the limit resulting in more than double the support. Essentially meaning you are paying $100 to make $100.
- niij 8y ago
  Situations like that cause people to be apathetic to moving up. That's the reason I think handouts are a blunt instrument and at most should be used sparingly.