Thread: President of the US of A

Originally Posted by Razorfaust

In my mind trickle down economics is a balance of wealth exercised into the populace by a diverse means of investments or even acquiring items of luxury that so many folks frown upon as excessive rich folk behavior. Some simple examples Joe rich guy has some extra money he wants to put it to work so he buys a plot of land erects an office building or a hotel as an investment and as a result has employed builders,electricians, plumbers, computer specialists, managers, security people, maintenance people, Chefs line cooks sanitation folk even parking attendants. Another act could be that Joe rich guy buys a gulf stream private jet or a yacht which of course makes both private aviation and the maritime industry employed with all its support. Many folks would find "Joe the rich guy" a jerk for having all those things and the govt would love to tax this guy into the dirt so they can spend his money studying owl turd differences during the threat of global warming. I bet that sea capt and the jet mechanics as well all the people that take care of Joes fine stuff are happy hes got it.

Yes, and Joe Rich guy also invests, or through spending causes investment. That investment could be in computers or machines that make bringing those goods and services to the public more efficient and cheaper. That's why we don't need to work nine hours for a pair of pants any longer or can make a long distance call without even considering its cost. The reason why people used to work half to death was not because mean employers wanted them to. It was because we collectively did not have the resources needed to satisfy the needs of the average person. And those resources were not things that we tripped over in the dark. It was created through investment. Joe Rich guy benefits and do the rest of us.

Originally Posted by OCDshaver

Yes, and Joe Rich guy also invests, or through spending causes investment. That investment could be in computers or machines that make bringing those goods and services to the public more efficient and cheaper. That's why we don't need to work nine hours for a pair of pants any longer or can make a long distance call without even considering its cost. The reason why people used to work half to death was not because mean employers wanted them to. It was because we collectively did not have the resources needed to satisfy the needs of the average person. And those resources were not things that we tripped over in the dark. It was created through investment. Joe Rich guy benefits and do the rest of us.

Har har, that reminds me of a picture in an economics text book circa 1930 or so at a timeclock in a factory which read "if you don't come in Sunday, don't come in Monday"

yea those employers were real humanitarians and it's not their fault they treated their employees like dirt and worked them to death. Then those horrible unions came along a forced them to raise wages, cut hours and give benefits and destroyed the country.