Quote Originally Posted by StumpTownStu:
I think the bank bail outs, which some people did like but many also didn't, I think the bail outs constituted a different form of "trickle down". Likewise, as did the auto industry bail out. I just don't subscribe to massive corporate tax breaks just to pad the pockets of CEOs and share holders. That money sits and collects interest and almost never "trickles down" to stimulate the economy. Where as when you put back into the pockets of the people, it goes immediately back into the system. I don't get how politicians sell their constituents on this whole concept of "we're against doing things like raising the minimum wage because it'll be a "job killer" then let's give tax breaks to the rich and it'll be a "job creator". And it's just not so. And people who are poor let spin doctor politicians sell them on these concepts. I just shake my head. I've stopped caring. I make good money. I'll be ok.
TDT mainly is two-fold: if it benefits, or seems to benefit mainly the wealthy or business, in the short-term; and, it benefits, or seems to benefit the poor in the long-term. This stems from way before RWR, which democrats mainly associate it with. So, yes, a lot of different things can be seen as TDT or used as examples. So, you may or may not agree with some of it; but it is hard to dispute all of it. That is all I am saying.
The assumption that tax breaks 'are just to pad the pockets of CEOs' simply falls apart to logic. It doesn't work that way. For example, think of how very, very few CEOs there actually are in the country. It is about WAY more than that over-simplification. That money does not sit and collect interest. That is exactly what it does NOT do. It does more of that the other way around. This is proven many times over. But, again, it is not about the rich guy --- in the short-term; it is about the poor guy --- in the long-term.
You told me you are an independent. And I told you I will take you at your word for that for a while. Because I haven't discoursed much with you at length before. But the minimum wage thing and the tax thing are always used as a copout by democrats. The two are distinctly different issues, economically and politically.
It is the same rationale democrats used during, and well after the depression, when it took so long to stabilize the economy and turn things around. The democrats always say we actually didn't spend enough and do enough. When TDT doesn't work the week after, the republicans always say it wasn't allowed to last long enough. Both can never be proved. The interesting issue is when it is studied with a lagging effect. Things are seen in a whole different light.
I sincerely recommend reading up on it if you are interested; instead of just listening to democrats that advocate against TDT or tax breaks. It is a very interesting topic and way more complicated than a quick news segment would have you believe.
And it is not about you; it is not about any one individual. That is actually the same attitude you accuse big business or CEOs of having.
Good for the ones of us that have done well. But you have to look long-term if you care about the country or the next generations, etc.
Nice that you are discussing it. But I think you would be pleasantly surprised if you were to read some decent articles or books on an even keel about it.
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