Will neoconservatives admit that it is time to get rid of the failed trickle down economic model?
Will they admit the obvious that sunstantial growth flows from the bottom up vs the top down? If the base does well, those at the top of the food chain reap massive benefits as well. Where as if the top does well, those at the base make little to no headway in comparison. Your thoughts please/
Asked By: Chi Guy - 1/31/2008
Best Answer - Chosen by Asker
I am not a neoconservative (other ideologies believe in supply side economics too), and I disagree that "trickle down" economic policies have failed. You claim that if the base does well then the top reaps massive benefits as well. So what enables the base to do well? That's right, tax cuts at the top level that... More
Answered By: Bigsky_52 - 1/31/2008
Additional Answers (19)
After you admit that revenues to the state doubled when Reagan reduced tax rates.
Answered By: bravozulu - 1/31/2008
But its worked so well. Just look at the economy!!!
Answered By: CH - 1/31/2008
They'll never give up on it because those beliefs were never based on facts. They were based on faith alone... More
Answered By: trovalta_stinks2 - 1/31/2008
I suppose you are employed by a homeless man?
Answered By: Charles B - 1/31/2008
and replace it with the far greater failure of Socialism? No, thanks.
Answered By: imkevlar (boycott ignorance) - 1/31/2008
Nope they will never admit it. It is a shame that they do not know the difference between socialism and keynesian economics.
Answered By: beren - 1/31/2008
The economy has slowed because morons tried to lived beyond their means and buy houses they knew they couldn't afford. What does this have to do with Trickle Down which has been proven time and time again to work. Just take ECON 101 buddy. Growth from the bottom up? How are welfare recipients gonna spur growth... More
Answered By: braman1984 - 1/31/2008
so where does that bottom start exactly with the school children or welfare recipients or vagrants and street people and since they have no money what is the value they put into the economy
Answered By: tonyV6.0 - 1/31/2008
Somewhere out there, Laffer is "laffing" his butt off. He knew he'd make them pay. They'd allllll paaaaaayyyy.
Answered By: Lynne D - 1/31/2008
You have Milton Friedman to thank for that.
Answered By: Thomasina Paine - 1/31/2008
To answer your question... More
Answered By: NONAME - 1/31/2008
They should but a lot of them never will. Even if they were living in cardboard boxes they'd say it's proof that the system works because they're nice boxes made in the U.S.A.
Answered By: ConcernedCitizen - 1/31/2008
Bravozul is right, trickle down works, trickle up NEVER DOES. In order for the base to do well, it has to work. If the base doesn't work, it can't do better. If the money is coming down from the top, creating jobs and investment, then it creates more opportunities for the base to succeed. I can't even begin to... More
Answered By: Pfo - 1/31/2008
Can I clear up one fact... More
Answered By: Blockhead - 1/31/2008
"Trickle down" is a very accurate term. The wealthy are privy to the vast majority of benefits and the scraps trickle down to the middle classes.
Answered By: Anubis the Jackal! - 1/31/2008
It failed once with Reagan. It failed twice with Bush 1. It has failed MISERABLY with Bush 2. Of course it's time to dump trickle down economics. It's been PROVEN not to work. But since when do NeoCons care about (let alone acknowledge) REALITY ?
Answered By: RedBad M - 1/31/2008
No, because they are blind and dogmatic, and don't see reality
Answered By: Dr.John L - 1/31/2008
More importantly, neo-classicists, the ones who actually believe in an economic model driven by supply-side stimulus, aren't likely to give up on. Especially considering that it's been shown to have been effective. Of course, Keynesian suply-side stimulus had decades of relative success behind it before it led to the... More
Answered By: B.Kevorkian - 1/31/2008
Master Chi, you did it again. This question and your comments, are like a gold mine for any one to learn and benefit from. I hope they will realize their mistake, and change strategy. Then they will see that with the majority Middle + poor in better financial status, every one will benefit more, and there won't be a... More
Answered By: iceman - 1/31/2008
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