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Old September 18th, 2012 #20
Leonard Rouse
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Join Date: Jan 2010
Location: With The Creepy-Ass Crackahs
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Quote:
Originally Posted by Steven L. Akins View Post
Ronald Reagan used to talk about "trickle down" economics - the notion that if the rich were allowed to make as much money as possible (by deregulation and tax-breaks) that their prosperity would "trickle down" to everyone else.

This is actually "shrivel up" economics. The rich are rich because they save their money, so when they make more money, it doesn't get spent, it goes out of the economy and into their bank accounts.
This is at least the second time you've asserted this particular absurdity.

When money is deposited, it goes back out into the economy, with a multiplier effect due to reinvestment. If your beloved government weren't taking a huge cut and transferring it to humanoids of the MD 20/20 class--here and abroad--the effect would be even greater.

You're embittered because you don't get a transfer payment, and no one has been stupid enough to invest in your pseudo-clan, Fakins.