Trump co-chair claims ‘trickle-down economics worked’ — and immediately gets scolded by Ali Velshi

[applegrove]

Trump co-chair claims ‘trickle-down economics worked’ — and immediately gets scolded by Ali Velshi

by David Edwards at the Raw Story

http://www.rawstory.com/2016/08/trump-co-chair-claims-trickle-down-economics-worked-and-immediately-gets-scolded-by-ali-velshi/

SNIP.............


Joe Borelli, the co-chair of Donald Trump’s New York campaign, asserted on Tuesday that “trickle-down economics” — a policy which experts say failed under President Ronald Reagan — had “actually worked.”

After Trump revealed his tax plan, which is expected to largely benefit the wealthiest Americans, economic analyst Ali Velshi told CNN that the numbers did not add up.

“The top income tax level in America is 39.6 percent,” Velshi explained on Tuesday. “To allow taxes to go down to a maximum of 25 percent and allow for Donald Trump’s [spending] increases is preposterous. If he doesn’t get anything else — he gets his expenditure increases and his tax decreases — we’ll have a budgetary hole of about $9 trillion extra.”

“And Donald Trump says we’ll take care of that with economic growth because people will pay less taxes, they’ll feel great about the economy, companies will employ people,” Velshi continued. “That is classic sort of trickle-down economics which actually hasn’t worked over the last 10 or 15 years.”

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[marybourg]

1. It hasen't EVER worked.

Have they ever heard of the French and the Russian Revolutions?

[gohuskies]

2. Trump wants to turn the country into Kansasland. What a moron

The only economic options these idiots on the right-wing propose is more trickle down b.s. All trickle down does is crash economies so that predatory companies and uber-wealthy oligarchs can plunder the middle and lower classes even further than they have already done. We need to toss all these bums out this November.

[Yo_Mama_Been_Loggin]

3. Brownbackistan

[wiggs]

4. Angers me that some of these assertions are even still debated. Can't we as a nation come to some

conclusion that there are such things as facts, history, economic theory, climate science and reach resolution on some things? Can't we have some stipulations and starting points? Do we really have to go over and over why there are safety nets? Why there are taxes? What drives economies? Why we have a minimum wage? The value of education? Why health care is important?

Many intelligent people have figured out these things and many entire countries are past the point of debate...and have worked on real solutions to real problems. If you can't even agree there's a problem or agree on the facts, you can't get to a solution.

[vinny9698]

5. I have a one word answer: KANSAS

Kansas poster state for trickle down.

[Kathy M]

6. Can only speak for 4 people .......

My brother in law and sister in law and 2 friends / acquaintances its like they are brainwashed when they hear the tax crap the republicans peddle ....... then again more I think of it Reagan was their guy ....... sigh ..... Have tried explaining to no avail . My brother in law has said to me a few times over the years " when will the democrats learn bigger government is not better " . We do not talk any politics anymore .