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by rustyshackleford August 02, 2007
A government ecomomic plan in which taxes are lowered on the wealthy so that they have incentives to do things with the extra money they would have would lead it to 'trickle down' to the middle and lower classes.
For example, the wealthy might use the extra money to expand their businesses or buy more shares in the stock market, thus expanding the economy and providing more jobs for those in the middle and lower classes.
The wealthy might also spend the extra money on more goods and services, thus providing the middle and lower classes with more work.
Probably the most significant stream of money trickling down is from the extra money that the wealthy put in banks. Because there is more money in banks, there is more money for the middle and lower classes to borrow for buying houses and starting and expanding businesses.
Many liberals like to attack trickle down economics as an unfair benefit to the wealthy. Their mistake is that they ignore the idea of the "invisible hand" that is implicitly behind the idea for such an economic policy. Trickle down economics is good because it inevitably leads to more jobs and money for the middle and lower classes and to an expanding economy.
For example, the wealthy might use the extra money to expand their businesses or buy more shares in the stock market, thus expanding the economy and providing more jobs for those in the middle and lower classes.
The wealthy might also spend the extra money on more goods and services, thus providing the middle and lower classes with more work.
Probably the most significant stream of money trickling down is from the extra money that the wealthy put in banks. Because there is more money in banks, there is more money for the middle and lower classes to borrow for buying houses and starting and expanding businesses.
Many liberals like to attack trickle down economics as an unfair benefit to the wealthy. Their mistake is that they ignore the idea of the "invisible hand" that is implicitly behind the idea for such an economic policy. Trickle down economics is good because it inevitably leads to more jobs and money for the middle and lower classes and to an expanding economy.
Liberals should actually take a class in macroeconomics before they start complaining about trickle down economics.
by rustyshackleford December 11, 2007
A very leftist Hollywood documentary filmmaker who also writes some books. He has been accused by many of telling lies in his movies but I tend to believe that he is overall honest because he is an Eagle Scout.
by rustyshackleford December 11, 2007
Sean Penn is a huge hypocrite for bashing America for stealing its land from Native Americans but ignores the fact that the movies he's in are made by film companies based in America, filmed on American land and seen by paying American customers in American movie theaters.
by rustyshackleford December 11, 2007
by rustyshackleford December 10, 2007
one who believes in principle in general government regulation of people's personal freedom, often as a result of their religious beliefs
Social conservatives tend to be against abortion, gay marriage, embryonic stem cell research, physician assisted suicide, gun control and affirmative action and for prayer in public schools, capital punishment and supporting Israel.
by rustyshackleford December 11, 2007
I'd like to set Prussian Blue straight on the path of tolerance by having a three-way with them. Yeah, you KNOW you would too.
by rustyshackleford December 10, 2007