Trickle Down economics is a Hoax is up to 1300 likes! are you one?

[roseBudd]

I have big plans for TDE is a hoax

https://www.facebook.com/pages/Trickle-Down-Economics-is-a-Hoax/649431898439670

[bravenak]

1. I liked it.

[Warpy]

2. I'm not on Farcebook

but that page looks like it has a nice assortment of articles exposing the hoax.

We on the left knew it was a hoax in 1980 but nobody listened to us, they preferred that slick corporate pitchman fronting for the extremely rich.

Even when one of his own economists came out in The Atlantic Monthly with an article exposing the hoax in the 80s, no one would listen.

They had to start hurting before they'd listen to anything.

[roseBudd]

4. We fail at messaging.Tax and spend democrats works because it is short.

Calling TDE a hoax co-opts the GOP's terminology

[livetohike]

3. One more like

[Lifelong Protester]

5. I am now!

[arcane1]

6. Liked!

[TreasonousBastard]

7. Of course it's a hoax, but it's a hoax...

people want to believe in.

It gives you hope that not only might you share the wealth of the rich, you might become one of them yourself and share your new wealth with others.

Kinda like buying a lottery ticket-- even though the odds are you'll die of beri-beri long before winning, the thought of winning is comforting somehow. Nobody has dreams of staying where they are.

[roseBudd]

11. no, it is fallacious thinking

We have to educate the people about economics.

[MiniMe]

8. One thing that Poppy Bush was right about, he called it voodoo economics n/t

[roseBudd]

10. fair tax is even worse

It is the 0.1%s wet dream

[roseBudd]

13. Math.

We have a slightly progressive system.

Who pays less is the wealthy, who pays more are those making between 40-150.000K.

Never seen anyone other than a Republican sheeple pine for the so called"fair" tax. The misnomer alone should be a giveaway.

[roseBudd]

18. You do realize we don't tax the poor, yet that pisses you off.

Fair tax is a sales tax. On everything.


The middle class gets hosed.

[lancer78]

19. They pay more

because a dollar is more valuable to a person making $40K a year then someone making a million a year.

[roseBudd]

14. Econ Proph Jim Luke on so called Fair AKA flat taxes

Flat tax advocates don’t make this “tax increase on the poor/middle class with tax cut for rich” aspect clear. They try to hide it and obfuscate it. They use terms like “flat” and “fair”. They are really trying to tap into our collective memories of childhood when the idea of everybody getting the same percentage of the birthday cake seemed like an obvious “fair” solution. They don’t want us to pay attention to the actual numbers.

But even a “flat” tax rate isn’t really fair. There’s a phenomenon that’s described in economics as the “diminishing marginal utility of money”. In plainer English, it simply means that the richer you are, the more income you have, the less valuable any particular increase in income is to you. The reverse is also true, when you’re poor and don’t have much money, the value or utility of money is very, very high. An obvious example is to consider two extremes and look at the value or utility of having an additional dollar bill. To an unemployed person with no assets and no money, a dollar bill is very, very valuable. It may well represent eating vs. not-eating today. Life is dependent upon it. Now contrast that to a hedge-fund manager who has a tens of millions of dollars in income each year and even more cash in the bank. A single additional dollar doesn’t mean much. If a strong wind blows the dollar out of the hand of the unemployed, they will no doubt chase it. If it blows it out of the hand the hedge-fund manager, they’re much less likely to chase it.

more

[link:http://econproph.com/2011/10/23/the-fraudulent-flat-tax-pitch-a-rich-and-powerful-tactic/|

[roseBudd]

17. No, expertise, and you are?

Really not interested in someone who thinks the rentier class is special.

[roseBudd]

20. I also own the domain www.trickleDownEconomicsIsaHoax.com

And I wrote new lyrics to Lou Reed's Wild Side.Looking for people with musics kills to pull it off for YouTube

[Beartracks]

21. Let's get "TDE is a Hoax" to the Greatest Page. K&R n/t

[roseBudd]

22. Thanks! To put it in perspective this page reaches 6,000 - 18,000 a week...

Social media is not a closed system. Most people have Facebook friends of diverse ideoology

[roseBudd]

23. DU rocks! 1400 likes!

[Motown_Johnny]

24. I am now, thanks for link n/t