Conservative Fantasies: Trickle Down Pixie Dust

Additional insightful charts along with further in depth analysis: http://elsa.berkeley.edu/~saez/saez-UStopincomes-2007.pdf

Left out due to the already overwhelming video length.

In the video:

Top Tax Rate vs. Real GDP Growth Rate: http://www.faireconomy.org/files/images/tax_gdp.gif

Top Tax Rate vs. Income Growth Rate: http://www.faireconomy.org/files/images/tax_inc.gif

Top Tax Rate vs. Hourly Wage Growth Rate: http://www.faireconomy.org/files/images/tax_wage.gif

Top Tax Rate vs. Unemployment Growth Rate: http://www.faireconomy.org/files/images/tax_emp.gif

Financial Sector Wages: http://i173.photobucket.com/albums/w50/alix2304/charts%20II/financial-earn.jpg

Change In Real Average Weekly Earnings: http://static.seekingalpha.com/uploads/2009/7/29/98115-124884111211955-John-L...

Financial Profits As % Of GDP: http://i173.photobucket.com/albums/w50/alix2304/charts%20II/deregulation-debt...

Deregulation Causes Surge In Financial Services Wages: http://i173.photobucket.com/albums/w50/alix2304/charts%20II/deregulation-wage...

Top Marginal Personal Income Tax Rate, 1913-2003: http://i173.photobucket.com/albums/w50/alix2304/charts/taxrates.jpg

Plutocracy Cycle: http://i173.photobucket.com/albums/w50/alix2304/charts%20II/largeextremeinequ...

http://www.faireconomy.org/

A couple of other YT videos debunking it, focusing more on recent statistics:

http://www.youtube.com/watch?v=NZs4PAFqZdk

http://www.youtube.com/watch?v=VnVJAkhGyjQ

Why did I go to all this trouble? Because, thanks to corporate propaganda, the general public in the States is very mislead regarding taxation. The 2 years that saw lowest tax rates on the upper 1% were immediately followed by crashes and recessions (1929 with 23.9% & 2007 with 23.5%). The private sector saw its largest boom when the rates were between 71.75% and 91% (1945-1970). Higher income taxes create an incentive for the richest 1% to keep money in business instead of taking it out for personal consumption and foolish speculative trading.

Category:

Education

Tags:

• antibullshitman
• antibsman
• tax
• the
• rich
• politics

[carcabe]

Life is not a trickle down proposition. You have to take responsibility for your own life and your own future. Waiting for the government to send money down your way is a slow death. It stunts and suffocates real life. We are all responsible for out own happiness and our own prosperity. The problem with the world is that people have become way too dependent on other people to trickle life down on them.

Be independent. Be alive. . There is no hope and no life in dependency.

[AntiBullshitMan]

"There is no hope and no life in dependency"

I agree. The aristocracy was indeed way too dependent on natural jackpots such as popping out of the right pussy & using mere bloodline as bargaining power to subordinate productive individuals into reluctantly having most of their productivity gains be expropriated into the hands of parasitic noblemen. Enter guillotines. No life indeed.

The last 30 years of plutocratic abuse on the working class mirrors that predicament, adjusted for globalization.

[AntiBullshitMan]

So how come you're not arguing the particular information presented in the video? Instead you've chosen to narrow the goal posts by focusing on a couple of States, which you didn't even provide a source for. 30 minutes worth of evidence in the vid backed up with sources, yet you think a couple of blanket statements by you white-wash all of it. By your logic I could just as easily dismiss that profit motives drive innovation given the vast array of tech innovation in early collectivist Russia.

[priapus512]

watch?v=6NcuT0x9Fj4

[AntiBSMan]

"The country would be so much more prosperous without elitist"

I don't inhabit "the country" so this is just more you acting out in typical "them liberal elitists" fashion that you've been conditioned to act out in. If I little old me passes for "elitist" in your book, you're beyond help.

"an ego bigger than Obama"

Let's see: One signed up to control the largest military in history & play imperial ball with the plutocrats. The other made a YT video about the history of US tax policy fallout.

[AntiBSMan]

"how I debunked your vanity"

Except you didn't. All you did was make the same assertions while ignoring my direct & reasonable request asking you to cite actual studies which prove that consumers lose out as a result of higher inheritance & capital gains taxes, starting with the hikes of 93. You seem very confident in your views, so surely it shouldn't be an issue for you to actually back up your assertions with a PDF instead of continuing to shift the focus by attacking me on a personal level.

[you831able]

@you831able Do you see how I debunked your vanity without using any resplendent rhettoric.... You're an unbalanced cretin with an ego bigger than Obama! Your theories and conclusions are riddled with self-conceit! The only reason I've baited you into wasting time typing self aggrandizing diction, is because I can't stand prima donna's! The country would be so much more prosperous without elitist magpie spewing lunacy!

[AntiBSMan]

You pretend to know these things for a reason; Sweeping broad prejudice for anyone who doesn't agree with you fiscally. Really showed its colors there. I could've done the same & accused you of being a Mises drone, because all your arguments do follow a formulaic narrative that's plastered all over that site. I didn't accuse you of that, because I recognize that I have no real knowledge about how you acquire your information. All I have is speculation. I'm a know-it-some. You're the know-it-all.

[AntiBSMan]

"Some professor brainwashed you"

Another demonstrably false statement. I have no use for the institution or attending it. In fact, I rail against this obsolete education model in many of my vids. But keep the assumptions coming.

"foolish "know it alls""

Accepting the failure of trickle down doesn't make me a know-it-all anymore than accepting the laws gravity does. You on the other hand, have pretended to know that I'm oblivious to the consumer argument, & that I'm brainwashed by a professor.

[AntiBSMan]

"Government has no money"

This has less to do with the intrinsic nature of Keynes' theories & more to do with Ronald Reagan's "borrow & spend" platform which the American people themselves voted for since they were impressed with his cardboard drawings of "floating all boats" through deficit spending. Also, see uncollateralized bonds, where the causation is unrelated to the fed. Getting rid of the fed is a bandaid, not a cure.

"rely on taxing the private sector"

Welcome to the 20th Century!