So you have more money due to tax cuts, but don't do anything with it? You don't spend it on goods or services produced by people who earn their livings by providing those goods or services? You don't invest it in companies which hire employees to produce desirable goods and services so they can make a profit while employing people? You just bury your tax savings in your back yard? Seems improbable, but if you say so, it must be true, and in that case there would indeed be no tricking down of your increased wealth. |
This bill accelerates China's "lead" in the 21st Century. Truly horrific what the GOP has done.
https://www.nytimes.com/interactive/2025/06/30/climate/china-clean-energy-power.html |
George Herbert Walker Bush called Reagan's supply side economics "voodoo" - there is no truth to "trickle down" and never has been. An economic myth that has destroyed the middle class, destroyed the US fiscal balance and has handed Russia and China global victory without firing a shot. |
So nobody spends any of their money, so it never changes hands. Seems improbable. If people do spend money, which seems more likely, where does it go? Common sense would suggest it goes towards goods and services provided by other people, and therefore "trickling" somewhere, but maybe you know better. |
Meanwhile Trump is harassing our top institutions of higher learning and firing federal scientists doing R&D. So much winning! |
And when you put more money in the hands of the lower and middle classes, more of that money gets cycled through the economy. When you put it in the hands of the 1%, it simply gets horded. You don't have to believe me, but you should believe the GOP economics of the last 35 years which has proven the case time and time again. |
The people losing Medicaid coverage are not getting tax cuts. Did you think they were? |
Poor and middle class spend their money when they have it. Their needs and wants lists are long. They pay taxes on it when it’s earned, and again on the things they buy.
Rich people hoard it, hide it in tax havens, yachts, loophole purchases, and even foreign countries. Or just as bad, they use it to hoard real estate which drives up the cost of housing. And worst of all, when they get ultra rich, they buy politicians and elections which negatively affect us all. |
The wealthy don’t have to spend their excess wealth at all. And when they do, they are more likely to spend it on luxury goods and other expensive items, and there’s far less circulation. Money really only has value when it changes hands. And the more it changes hands,the more powerful the economy becomes. If you give a million people $100 it will go a lot farther to stimulate the economy than giving 100 people a million dollars. Study after study shows this. Wealth does not trickle down. |
The greedy rich are hoarders. They don’t risk sh*t. They want it all and don’t care if people poorer than them drop dead and suffer until they do croak. |
Exactly. |
Ah, ok. Only rich people bury their money in their back yards. Got it. Funny, I would have thought that they spend and invest it like other people - buying goods and services, and investing in companies which have employees and which themselves buy goods and services to support their own activities. How silly to think that "the rich" don't do those things at all. I guess they don't run companies, drive cars, live in houses, employ other people, purchase food, engage in philanthropy, pay taxes, or do anything else which would cause them to loosen thir grip on any of their money. |
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People losing Medicaid coverage didn't pay any income tax to start with, or paid the least. All their government services are paid for by actual taxpayers. |
The majority of Medicaid users also voted for Trump. I guess they wanted their benefits cut. |