Jim Morin for December 06, 2017

Same crapolla as always, and the deficits grow every time they go at it.

There’s that old saying: don’t whizz on my leg and tell me it’s raining.

Yep! Trickle down always sounded to me like being pissed on!

Beware the color of yellow, said the gypsy lady.

And you can keep right on waiting, and waiting, and waiting, and waiting, and waiting, and waiting, and waiting…

When was the last time austere supply-side economics permanently benefitted the people?

Maybe this time it will work?

People still believe that Reagan fantasy stuff although it has not worked ever.

And remember that a recession followed each of the previous tax cuts.

Hey “jlocke” why don’t you explain Kansas?

The most optimistic “dynamic scoring” shows maybe 30% of the tax cut deficits will be offset by additional economic growth. Conveniently, without hearings, reports, amendments, debate (you know, traditional American legislative practices) the impact of this legislation has to be experienced to know how it will work.

Even though we have tried this path before, the regressives are convinced this time is different. It’s really an amazing triumph of ideology over actual experience.

Unlike, Ayn Rand, for example, the hardened libertarian heroine. With her, reality won in the end as she was forced to rely on both Social Security and Medicare in her old age. Ideology does not buy groceries, she discovered. Some objectivist she turned out to be!! Reality always wins. You can deny, obfuscate, lie, cheat—pretty much the whole regressive playbook—and reality still wins.

As to your comment about facts and statistics. That’s pure tripe, and to claim otherwise exposes deep ignorance. Probability theory is one of the most important analytical tools ever devised by our species. It’s the only way to make sense of an ambiguous and nonlinear world. Maybe statistics are not your thing, but your very life relies on scientists and engineers using stats wisely every single day.

Think unions folk. That.. is what led to the wages of the 60 ~ 70’s . The slow demise of those unions has led to the stagnation of wages, plain and simple. Those workers that wear ties and suit jackets to work have professional negotiators negotiating their working conditions and wages.. those that wear coveralls or aprons.. they.. are on their own and, guess which group get the increases.. and the gap continues to get wider and wider.

Bill Clinton got the credit for the Reagan trickle down.

You will have to wait for a Democrat to be in office before that trickle down starts again. The Dems giveth and the Repubs taketh away. They just can’t stand it when more than 5 or 10 percent of the country is happy.

@JLocke: There is a big difference between the tax cut JFK did, where the top rate was 91%, and after which he planned an expenditures program, and Reagan cutting it down from 38% to 28% — after which he had to RAISE it again. Don’t forget that.

“Trickle-down economics” is a joke to real economists. Since tax rates on the rich have stayed low since Reagan, cutting it further only explodes the deficit further (as did Reagan and GW Bush), and increases income disparities. In other words:

1. It makes the rich richer

2. It does NOTHING for the poor

3. It does little for the economy UNLESS taxes start way higher AND the dollar is strong, because the economy is not driven by the rich or big business; it is driven by the middle-class and lower-class spending and small businesses, which account for a much larger percentage of the economy.

4. It cripples the government and increases the deficit.

None of this is controversial. Sorry.

Motive, Kennedy also eliminated many deductions when the tax rate was lowered. Something Republicans fail at.

Good luck with that…

Keep waiting.

JLocke is a troll. Probably a russian one at that.

Keep waiting, boys and girls! “Trickle down” didn’t work when Cowboy Ronnie proposed it (one of Ronnie’s fellow republicans, George H.W. Bush, declared it ‘VooDoo’ Economics!)and each time Republicans have attempted to implement it, it has failed; and it will fail again in this iteration. It doesn’t work; it JUST DOESN’T WORK! And no amount of postering, no amount of lying, no amount of bragging on how great it is will not change that very simple and easily provable!

JLOCKE, one thing you conveniently want to ignore about Kennedy is he wanted HIGHER tax rates on investments and capital gains than on income. Labor should be rewarded more than stock manipulations, currency trades which destabilize economies and mergers which decrease jobs.