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BillZBubb

(10,650 posts)

30. You are WRONG. 100% WRONG.

Reply to dawg (Reply #19)

Tue Jul 15, 2014, 08:56 PM

Jul 2014

Those kind of tax cuts are not stimulative at all--ie the multiplier is low. That's why trickle down always fails.

What would have been stimulative, and probably what the author assumed, is that those lost revenues, if invested by the government in high multiplier areas would have definitely been stimulative, highly so. The historical data backs this up.

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Report: Bush Tax Cuts Gutted Americans' Incomes 6.6 Trillion Dollars [View all] eridani Jul 2014 OP

I'm glad those miserable, dishonourable tax cuts were repealed. delrem Jul 2014 #1

Only 18% were repealed MannyGoldstein Jul 2014 #4

Sarcasm? BillZBubb Jul 2014 #28

yes. a truckload of sarcasm. delrem Jul 2014 #31

K&R Cha Jul 2014 #2

Then there's the bank bailouts which totaled the value of all of the real estate in the country. Spitfire of ATJ Jul 2014 #3

The banks were deserving. You wouldn't want to bail out the undeserving. Enthusiast Jul 2014 #14

It was a test to see if the government would pick Capitalism over the will of the People. Spitfire of ATJ Jul 2014 #21

I'm glad they passed the test. Enthusiast Jul 2014 #22

remember the bribery checks that bastard sent out? Skittles Jul 2014 #5

When people fell for that, all I could do was shake my head and say, LuvNewcastle Jul 2014 #8

"Cash For Clunkers" got a lot of SUVs off the road. Spitfire of ATJ Jul 2014 #23

And yet at the next GOP presidential debates, you know the trickle down theory will still be alive aint_no_life_nowhere Jul 2014 #6

We get pissed and shat upon. That's about all I see coming down. LuvNewcastle Jul 2014 #9

Big K&R! n/t PowerToThePeople Jul 2014 #7

I don't understand Rapillion Jul 2014 #10

It's probably because of all the money hoarded by the 1%. If that money was A Simple Game Jul 2014 #11

Exactly. What happens in Monopoly when one player gets all the money and wins? eridani Jul 2014 #12

But I think that's an aggregate demand issue Rapillion Jul 2014 #17

But the government wouldn't have retained the money, it would have A Simple Game Jul 2014 #18

The government doesn't retain money. BillZBubb Jul 2014 #29

That is a good question Cresent City Kid Jul 2014 #13

Tax cuts always depress wages. Orsino Jul 2014 #20

you would understand if you read my column davidcay Jul 2014 #25

Thanks for joining--stick around and comment in the Economy section please n/t eridani Jul 2014 #32

Yeah, but look at the great economy we got because of it. n/t Dawgs Jul 2014 #15

K & R !!! WillyT Jul 2014 #16

Sigh. dawg Jul 2014 #19

yes it does make sense davidcay Jul 2014 #26

Correlation does not equal causation. dawg Jul 2014 #33

You are WRONG. 100% WRONG. BillZBubb Jul 2014 #30

I'm not wrong. The tax cuts were bad policy, but not the cause of the drop in incomes. dawg Jul 2014 #34

Wrong again. BillZBubb Jul 2014 #35

Sorry, but you have missed the point entirely. dawg Jul 2014 #36

... napkinz Jul 2014 #24

Then, by "their" logic, Trickle-Down worked! rustydog Jul 2014 #27