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  • #46
    Originally posted by craven View Post
    yeah come speak with a friend of mine actually they even discussed it fox and during the election.
    Okay, thanks for the offer, can you PM his name and phone number?
    "I don't discuss sitting presidents," Mattis tells NPR in an interview. "I believe that you owe a period of quiet."

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    • #47
      Originally posted by wolfhnd View Post
      20 percent of workers produce 80 percent of the wealth. That is trickle down economics.

      Would you prefer that everyone be reduced to the same level of productivity, reducing wealth by 75 percent.
      ....
      Socialism!

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      • #48
        Originally posted by Nichols View Post
        Okay, thanks for the offer, can you PM his name and phone number?
        naw wont do that but I suggest you check out the articles on one of the attacks against Trump during the campaign using visa

        besides that there was a were few good articles on subject

        you really need to keep up to date on what goes on in the country especially since you more than likely commented on this already in ACG


        see I trust you enough if you said family member or friend had x occur I would believe you I expect the same level of respect that you so far have failed to show

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        • #49
          Originally posted by craven View Post
          see I trust you enough if you said family member or friend had x occur I would believe you I expect the same level of respect that you so far have failed to show
          Very well played my friend.

          I wish that you and your family have a merry Christmas and a prosperous New year.

          S/F

          Paul
          "I don't discuss sitting presidents," Mattis tells NPR in an interview. "I believe that you owe a period of quiet."

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          • #50
            Originally posted by Karri View Post
            ..."trickle down economics" was a joke to begin with(seriously, as in the whole term was invented by a comedian), and it certainly doesn't work. The only thing trickling down is ****; only useful for those who like golden showers. The money trickles down to panama and other tax heavens..


            You should have stayed in school.
            Any man can hold his place when the bands play and women throw flowers; it is when the enemy presses close and metal shears through the ranks that one can acertain which are soldiers, and which are not.

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            • #51
              If labor alone created wealth then the primitive farmers of the world would be the wealthiest people. The places in the world where poverty is most severe is where there is no concept of profit.

              There is nothing to say that wealth will automatically flow to workers if the upper class becomes wealthier. It is equally true however that income equality alone does not mean that wealth will be increased. The 19th century shows the folly of concentrated wealth and the 20th century the folly of socialism.
              We hunt the hunters

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              • #52
                Originally posted by Karri View Post
                ..."trickle down economics" was a joke to begin with(seriously, as in the whole term was invented by a comedian), and it certainly doesn't work. The only thing trickling down is ****; only useful for those who like golden showers. The money trickles down to panama and other tax heavens.

                Source? Seems like you are confusing terms and figures here...
                The 80 -20 split might not be accurate in terms of numbers, but is essentially correct. Until you have a few people, or people get together to form what today is a corporation, you almost never have the collected wealth in one place to do much. That is, you need "The Rich" or corporations in order to get sufficient wealth collected in one place, controlled by one person (so-to-speak) to allow that person to invest the capital collected where it produces a large enough return on investment.

                Look at it this way: You have 100 people. In the first instance, each has $1000 and they are each doing their own thing, whatever that is. None of them has the capital on their own to do much. Even the most frugal and wise investor is looking at decades to collect any really significant amount of return on their wealth.
                In the second you have one person with $100,000. Now this person has sufficient funds to begin to invest and hire some of the other people in their society. Productivity is much higher and more efficient.

                Just the invention of the idea of the "Time Value of Money" resulted in a huge increase in productivity (this began with the Bank of England) and wealth.

                The Socialist idea of wealth redistribution takes away both the Time Value of Money and the creation of sufficient capital to do anything. In a truly Socialist economy only the government has sufficient wealth and capital to make the economy run. That is where the problem lies. Government is a very inefficient business manager. It has no vested interest in returning a profit on what it does. Worse, a Socialist government gives away any profits in penny packs to everyone equally meaning there is never going to be a growing economy. No one outside the government ever sees sufficient wealth to strike out on their own and grow their own business and wealth.

                That's why the Keynesian economic model fails. That's why the Obama recovery plan failed. That's why Europe moved away from the heavy handed socialism of the 50's and 60's. It doesn't work. Capitalism and what you call Trickle Down economics does work.

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