Essential Economics for Politicians

Lion Eyes said:
How many folks at or below the 50% level employ anybody, except perhaps themselves?
How many jobs are created by folks at or below the 50% level?
How much federal income tax is paid by the folks at or below the 50% level?
Buffet just called in his B0fA shares, he's making in the neighborhood of $12 billion...
How many jobs did Buffet save and how much money do you suppose trickled down from his investment?
Click to expand...

I'm not knocking rich people and I'm a big fan of Buffett (no idea why Buffett is relevant to this discussion), this meme was just criticizing trickle down economics.
 
Lion Eyes said:
How many folks at or below the 50% level employ anybody, except perhaps themselves?
How many jobs are created by folks at or below the 50% level?
How much federal income tax is paid by the folks at or below the 50% level?
Buffet just called in his B0fA shares, he's making in the neighborhood of $12 billion...
How many jobs did Buffet save and how much money do you suppose trickled down from his investment?
Click to expand...
How is the message the meme represents wrong?
 
Hüsker Dü said:
How is the message the meme represents wrong?
Click to expand...
How?
Buffett is a 1%er...without his help at BofA how many folks, not necessarily employed by BofA, would have lost their jobs?
The poor don't invest, don't employ, don't risk anything when it comes to business.
Buffett will reinvest & risk his billions again, employing thousands affecting millions.
Trickle up economics doesn't exist.
 
Lion Eyes said:
Buffett is a 1%er...without his help at BofA how many folks, not necessarily employed by BofA, would have lost their jobs?
The poor don't invest, don't employ, don't risk anything when it comes to business.
Buffett will reinvest & risk his billions again, employing thousands affecting millions.
Trickle up economics doesn't exist.
Click to expand...

You are confusing a brilliant investor who excels at wealth creation, with an economic theory.

Trickle down is all about helping the wealthy with the hopes it helps the poor, when the wealthy spend. That theory is proving itself, obsolete, over and over again. Of course the rich spend, but they don't spend nearly as much as a percentage of their incomes and net worth, as people who are at the lower end of the wealth spectrum.

A stronger middle class and lower class, is much better than a strong upper class, it would seem from countless recent observations.
 
Wez said:
You are confusing a brilliant investor who excels at wealth creation, with an economic theory.

Trickle down is all about helping the wealthy with the hopes it helps the poor, when the wealthy spend. That theory is proving itself, obsolete, over and over again. Of course the rich spend, but they don't spend nearly as much as a percentage of their incomes and net worth, as people who are at the lower end of the wealth spectrum.

A stronger middle class and lower class, is much better than a strong upper class, it would seem from countless recent observations.
Click to expand...

I've confused nothing...you are the one who claims trickle down stops at the 1%.
Then you go on to explain that Buffett is a brilliant investor and shares his wealth by creating more wealth...I agree.
I believe most of the 1% are brilliant & excel creating wealth and prosperity for many, not just themselves.
The left like to point fingers at the Koch's as bad evil people, but they employ a 100,000 people who intern support millions...
What's with the trickle down bs? The economy is rolling along quite nicely.
 
Friday, June 30, 2017
Same link

Scandinavian Government vs. British Government

Last week, the Labour Party pledged a minimum wage of £10 that would apply to all workers, including those aged 16-18. This policy would, if implemented, carry hugely perverse side-effects – with young and unskilled workers all but priced out of the job market.

In contrast, the very concept of central government setting a “one-size fits all” policy to cover all jobs and sectors is utterly alien to the Scandinavian economies. Neither Sweden, Norway, nor Denmark actually has a minimum wage. Instead, wages are decided by mutual agreement between unions and employers, which usually vary according to the industry or occupation in question. In this respect, Scandinavian labor markets are far more flexible and decentralized than Britain’s.
 
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