Don't buy it...

[Playinghardball]

[SoapBox]

1. Trickle down IS a scam.

And yet some little people are still hoping for some crumbs.

[dchill]

26. The reality, badly hidden as it is, is not trickle down...

It's Funnel Up.

[brush]

30. Yep! Even crumbs don't trickle down. They get sucked up in the funnel.

[mwooldri]

37. Tricke Down as far as I'm concerned...

is a bunch of rich bastards with prostate issues trying to pee. On us.

It's just plain painful.

[pansypoo53219]

52. we only got tinkle. and not much of that under georgee w bush.

[MisterP]

2. response: "racist sexist Minuteman Commie!"

[underpants]

3. See my sig line

[appalachiablue]

4. Reaganomics. Trickle Down. Free Market Economics Must Go- Good on Nick Hanauer

[SunSeeker]

9. Nick Hanauer calls himself a "happy capitalist" and very much supports a free market.

The problem is most markets are not particularly free, and need regulation. Further, trickle down economics is anathema to a free market and is very bad for business. As he states:

“The fundamental law of capitalism is that when workers have more money, businesses have more customers and need more workers. Prosperity in a technological market economy like ours is a consequence of a feedback loop between increasing amounts of demand and increasing amounts of innovation. The more money workers have to spend, the more incentive there is for entrepreneurs and investors to create new products and services that can increase our standard of living.”

http://hereandnow.wbur.org/2016/02/02/nick-hanauer-minimum-wage

That is why Nick Hanauer opposes Reaganomics. It is a very good argument since it works on the people we need to convince.

Nick Hanauer is one of the good guy billionaires (there are some) Dems rely on for big money donations. http://prospect.org/article/meet-billionaires-backing-team-blue-megaphone-only-money-can-buy

[appalachiablue]

11. Followed him for years and realize this. Yep, no true free markets, regulation's needed.

Nick's background has much to do with his views, as he's said. And that's quite understandable.

[strategery blunder]

13. Hell FDR was a "free marketeer" in that sense.

He would have been a billionaire in today's dollars I'm sure.

But he understood that the economy could never recover from the Great Depression, if no one except the very wealthy had any money to spend. And he ACTED on that truth, and fought like hell to use the leverage and reach of the Federal government to help those less fortunate than himself, and by extension, get money circulating in the economy again.

He was venerated within the Democratic Party up until the time of Reagan. Even now he is still venerated amongst the Democrats fighting to bring the Democratic Party back to its modern-day roots.

Yes, even Berners (like me) understand that not all rich people are evil.

The rich people who believe that their fair share is "all of it" (to quote one of them), and who buy our politicians, are the evil and sociopathic ones.

[Dustlawyer]

17. He tried to warn the Plutocrats, but their greed cannot be satiated.

[SunSeeker]

18. He is actually appealing to their greed, which is smart.

His message just needs to get out more.

[mnhtnbb]

5. That's a good one.

[Dont call me Shirley]

6. Piss On The Proletariat.

[Plucketeer]

7. Trickle Down

In some circles AKA "Golden Shower".

[pangaia]

8. You beat me to it.

[Thespian2]

10. Great response...

I was kicked out of Her Royal Highness's group long ago...a badge of honour...Yes..

[hobbit709]

28. What trickles down is warm, wet, and yellow.

[B Calm]

12. We've been getting pissed on now for over 30 years, you'd think people would

Wake the fuck up by now.

[Avalon Sparks]

21. And looks like it will be at least 4 more if she or the repub wins

[AlbertCat]

14. Trickle down is a scam

This was pointed out the minute the "Laffer Curve" was presented as something legit.... 1970s.

[rhett o rick]

15. Clinton thought very highly of Reagan and seems to like the trickle-down

theory. It makes the rich get richer and that's her goal. $150 million and climbing.

[SunSeeker]

19. That is absolutely not true.

She has always fought to improve the earning power of the middle class and has offered many concrete, achievable plans to do that, including her innovative profitsharing plan to give workers a percentage of a company's profit.

You seem to want to turn every post into a divisive Hillary slam. That is not what the OP is about. The OP quote is something all Dems on this site agree on, as does Hillary. Please take your Hillary hate to the GDP cesspool.

[Avalon Sparks]

20. I wish you were correct....

Based on my extensive research, she supports supply side, and endless war. She's fiscal right, social left. She's DLC....

[SunSeeker]

23. Hillary is not "fiscally right," she is a progressive.

She offers plans to increase middle class incomes that actually stand a chance of being implemented.

[rhett o rick]

25. Not progressive when it counts. When George Bush asked her to betray her fellow Democrats

she stood in front of the Senate and repeated the Bush lies. Not progressive.

She will do nothing to stop the ever widening wealth gap that is bringing joblessness and poverty to the lower classes. Not progressive.

Her stand on marijuana isn't progressive nor her stand on the TPP or fracking or almost everything.

This is what Black Lives Matter said about her:

“Here's the truth: the Clinton legacy has left our prisons bursting at the seams. Real lives have been destroyed as a result. It is an indisputable fact that millions of Black people were locked up for drug crimes and provided the bodies for the expansion of the prison industry.

The 1994 Crime Bill that she so vigorously defended not only expanded incarceration, but stripped funding for college education from prisoners. The Clinton legacy allowed for policies that prevented anyone convicted of a felony drug offense from receiving food stamps or income assistance. Clinton-led welfare reform fundamentally ripped apart the social safety net.”


“Make no mistake, Hillary Clinton's efforts to push these policies resulted in the continued destruction of Black communities and the swift growth of our mass incarceration crisis.”

How can you say she is progressive?

[SunSeeker]

34. She got 8 million kids covered under SCHIP, for one thing. nt

[rhett o rick]

42. And who paid the bill? Her corp friends or the lower classes? The lower 99%

can't afford to carry the load of this country.

[Avalon Sparks]

29. Are you aware of what the DLC was

I am curious if you've read about that

[SunSeeker]

31. Of course. The Hillary haters on DU never stop talking about it.

[Hydra]

35. And no intention of actually implementing those plans

She didn't offer any policies at the beginning of the race. Everything was just peachy.

Then this crazy old socialist started talking about "Income inequality." Something weird happened too- people were interested in that.

Ever since she's been telling us that she is concerned too...and will give some serious consideration to doing some halfway measures. If the Republicans don't object.

[rhett o rick]

43. Even when she decides people want something done, she only offers half-assed ideas.

Like helping college students with large debts. She is willing to let them refinance at the expense of the lower classes taxes. She wouldn't dare think of asking Goldman-Sachs to pay their fair share.

Major corporation get the benefits of public funded education, they should pay their share.

[Hydra]

49. The major Corps and very wealthy benefit immensely from all gov't services

Everything from public roads to police to firefighters to courts to the military to food stamps and medicaid for Wallyworld so they can underpay their workforce.

No one screams louder than they do about paying their way. In fact, they want to be exempt from taxes altogether and/or to have the gov't PAY them for being "job creators."

As George W. put it so well, "This is an impressive crowd. The haves and the have mores. Some people call you the elite. I call you my base." I think Hillary took that job over.

[rhett o rick]

50. Exactly. nm

[rhett o rick]

24. I don't hate Clinton, I hate those that put Wealth and the accumulation of wealth

before all else. I hate those that pretend to be friends of the people all the while taking money (quid pro quo attached) and turning their backs on the lower classes. The status quo has been going on tooo long. Clinton is beholden to the Big Money.

[SunSeeker]

32. Hillary is not "beholden to big money." She has a progressive agenda.

She wants to increase earnings for the middle class, and has a plan that actually has a chance of success.

[rhett o rick]

44. I've seen her plan. First of all she claims to want to put Americans to work but has always favored

job killing Free Trade. Hmmmm. Also, her plan counts on the lower 99% to foot the whole bill. The lower classes can't prosper if they have to fund their own recovery. We need to make the Wealthy and Super-Duper Wealthy pay their share and she isn't the one to do that. She is suggesting tax breaks to help the recovery. Who makes up the tax difference when some are given tax breaks? The lower 99%.

And really a $12 min wage? She can't even try for $15? $12 per hour isn't a living wage and is lower than some states.

We need to end the growing wealth gap that is indicative of the Wealthy (like Clinton) looting our resources. All other concerns become moot if we all become paupers.

[Silver_Witch]

36. Please tell me more about Hillary's innovative plan!

Is Hillary giving speeches to Wall Street to encourage them to promote profit sharing? Is she going to use an executive order to make it happen. Tell kme more. Would love to find out how wrong I am about Mrs. Clinton. Really!

[whereisjustice]

16. Yet many people here love trickle-down as evidenced by their unconditional support of Hillary

Hillary is a protege of Kissinger and Reagan (and Regan). In a just world, her views would toss her out of the party and on to the street where she'd have to earn a living some other way than speeches to Wall Street CEOs telling them how awesome they are..

But here she is, and her supporters are suddenly channeling Reagan in an effort to see her in the White House.

What a fucking disaster.

[SunSeeker]

22. Hillary is not a protégé of Reagan. She opposes Reaganomics.

Her plans include:

Fair growth

Inequality is a drag on our economy, and to get incomes rising again, we need to renew our country’s basic bargain. With near-record corporate profits and stagnant wages, the deck is stacked against working Americans. If you work hard, you deserve to get ahead and stay ahead.

Ensure more workers share in near-record corporate profits. Corporate profits are near record highs—but workers have not shared through rising wages. Profit sharing is linked to higher pay, benefits, and productivity. That’s why Hillary’s plancreates a 15 percent tax credit for companies that share profits with workers on top of wages and pay increases. 

Raising the minimum wage and strengthening overtime rules. Hillary believes we are long overdue in raising the minimum wage. She has supported raising the federal minimum wage to $12, and believes that we should go further than the federal minimum through state and local efforts, and workers organizing and bargaining for higher wages, such as the Fight for 15 and recent efforts in Los Angeles and New York to raise their minimum wage to $15. She also supports the Obama administration’s expansion of overtime rules to millions more workers.

Reform our tax code so the wealthiest pay their fair share. Hillary supports ending the “carried interest” loophole, enacting the “Buffett Rule” that ensures no millionaire pays a lower effective tax rate than their secretary, and closing tax loopholes and expenditures that benefit the wealthiest taxpayers to pay for her plan to make college affordable and refinance student debt. 

https://www.hillaryclinton.com/issues/plan-raise-american-incomes/

[rhett o rick]

27. Rhetoric. " Hillary’s plancreates a 15 percent tax credit for companies that share profits with

workers on top of wages and pay increases. " So who pays the workers their share of profits? Not the corporation, but the taxpayers to make up for the "tax credit". This is how she pays for her "plan". Not requiring the coroprations to spend a dime but giving them more and more "tax credits". You realize that corporations like GE get so many "tax credits" that we end up paying them out of our tax money.

Her min wage increase is an insult. The corporations love her for it and give her money for her personal fortune. $12 is an insult. It's no where near a living wage. It wouldn't even catch up with some states. So who ends up helping support the working poor? Not the corporations, not Walmart, but once again the taxpayers.

She is a friend of Goldman-Sachs and not the lower classes.

[SunSeeker]

33. It is not "rhetoric." It is a workable plan that can pass in Congress.

That is why most progressive economists support Hillary. Like Rick Hanauer, she is appealing to business owners to make changes because it will be in their own interest. That makes her a friend of the working class, like Hanauer.

[Kittycat]

38. Of course it's in their interest, because we/taxpayers pay for it.

They get another tax credit!

And at $12/hr, it's more fodder for those wanting to cut public support, despite companies not paying a living wage.

[elljay]

46. Workers will not get raises

Under her plan, or at best whatever minimal raises, if any, would be required to qualify. I guarantee you that we would get only profit-sharing as a replacement for our raises. We'd make the same amount of money and the corporations would get a 15% tax break. I suspect you don't work for a corporation- I do and know quite well how they work.

[noiretextatique]

47. Getting stuff done is not the point

The point is; who gets screwed over...again...by these grand bargains.

[Red Oak]

39. Trickle down is just a euphemism for getting urinated on

[Land of Enchantment]

40. Reaganomics always has and always will SUCK. nt

[HughBeaumont]

41. Trickle, schmickle . . . their next plan is merely turning the spigot OFF.

All this doomsday talk about automation and offshoring killing millions upon millions of jobs, doing "more with less", whole fields going away . . . yeah, search me how their precious re-branded Feudalism continues with swaths of people with no disposable income and no viable means of earning any more, but I imagine they have a plan that involves islands and paid mercenaries.

[Rex]

45. Straight from the horses mouth...but that won't matter to the usual suspects.

Some in this country are too greedy and lack enough morals to admit the truth, like this billionaire did. They want to keep the poor in their place, so they can continue sucking the last drop of blood from the middle class.

[gordyfl]

48. I Didn't Buy Into It...

when they said Bernie's campaign would putter out like Howard Dean.

I didn't buy Into the only reason Bernie won New Hampshire was because its neighbor was Vermont.

We were told Bernie could never ever accumulate more than 30% of the vote.

Bernie would be gone by the time we reached Iowa.

Bernie wouldn't have enough money to compete, they said.

On and on they go...

[treestar]

51. It's the Republicans who buy it

They are doing well enough for themselves and like to think they made their own opportunities and worked hard and shouldn't be taxed to pay for anything for anyone who didn't have the same good luck. And there are enough of them and they vote.