N-Syte on 23 December 2007
| stof said: Reagan's "Tricke-down effect" was just as asinine and offensive on paper as it was in real life. Anyways. Here's a quick question for the Ron Paul fans out there. If he were out of the running, who would your second choice be? I think we can all agree that there really aren't any other candidates out there quite like him. |
"Trickle down" is a politically charged word meant to end any debate on the issue. Why would any one want a system the just trickles down benefits on the unwashed masses? Let it be a deluge by redistribution of wealth through confiscatory taxation! Class warfare types throw the term around a lot, but usually do not have a firm grasp of the economic theory they are talking about. Burdensome taxation on private enterprise to fund entitlement programs helps no one in the long run (except maybe politicians who enjoy buying votes with public dollars). It is capital investment, not government bureaucracy that creates new sources of innovation and productivity. And it is that which will drive economic growth and benefit society at large.
