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Hey Conservative Americans: Please explain how the Reagan trickle down economy is suppose to work again?

October 27th, 2012 Leave a comment Go to comments

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and the foreign owned corporations in the US taking their profits back home

and the Wall Street executives who are not Americans

and the CEO of US corporations who are not American

It didn’t then, it doesn’t now, and it never will. But some gullible cons buy into it while their lifestyle has and continues to decline. I’m sure the GOP laughs at them.

  1. crow t robot
    October 28th, 2012 at 01:30 | #1

    it did work till clinton let the banks go nuts
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  2. Bev
    October 28th, 2012 at 02:12 | #2

    we are doing great at my house, sat down and thanked god for our good fortune, maybe you should try that.
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  3. Wolf Myth
    October 28th, 2012 at 02:43 | #3

    It worked 30 years ago but the world is different now.
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  4. Violence Solves Everything
    October 28th, 2012 at 03:04 | #4

    The Jews and trans-national corporations steal all the money and piss on the common working man.

    Trickle down economics.
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  5. Maxwell
    October 28th, 2012 at 03:43 | #5

    "trickle down" is a left-wing pejorative for the theory based upon the Laffer-Curve. Which, under the right conditions in indisputable fact.

    But I’ll play you game: The people running companies that profited so much that they started hiding assets offshore, were quite obviously running companies that were profitable, and thus gainfully employed people….ergo their success transferred to people below them
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  6. Roadrunner
    October 28th, 2012 at 03:49 | #6

    Trickle down is not a Reagan thing. It is a reality thing that works best when government is not involved which is unlikely to happen in the US.
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  7. Charles
    October 28th, 2012 at 04:03 | #7

    i works with tariffs against cheap imports. and encouragement for small business.
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  8. Avenger
    October 28th, 2012 at 04:49 | #8

    How it’s supposed to work: Cut taxes to rich people and they hire more employees and start more businesses.

    How it works: Rich people already have all the employees they need, and they have enough money to start any business they think will be profitable. They sock away the money in tax shelters and offshore accounts and use it to bribe government officials. .
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  9. ed e
    October 28th, 2012 at 05:35 | #9

    It didn’t then, it doesn’t now, and it never will. But some gullible cons buy into it while their lifestyle has and continues to decline. I’m sure the GOP laughs at them.
    References :

  10. The Libertarian
    October 28th, 2012 at 05:54 | #10

    When wealthy people have money (savings) the only way to increase their savings, without working themselves, is to make loans. These loans, which should be directed through stable banks with a code on how to give out loans based on a high chance of being repayed, will repay those who have risked their savings with interest. This interest payed on top of the principal is the growth of wealthy savings. The loans, which stable banks would be able to make sure were going towards productive, business projects, generate growth in new businesses. This growth pays for the loan and business transactions and results in profit. This profit can be saved as genuine savings to help make the next "generation" of wealthy lenders who wish to grow their savings. This cycle continues, constantly reallocating wealth from one sector of the economy to another in order to multiply it.

    However, you can judge for yourself if Reagan’s plans actually did this. In fact, asking any libertarian or Austrian economist, the government couldn’t even claim credit for any of that happening because everything described above happens outside a government sphere of influence. Anytime the government begins to manipulates banks (The Federal Reserve) and in turn manipulates loans (loan preferences, pushing interest rates close to zero, semi-government institutions like Fannie and Freddie) it distorts market signals, and distorts what individuals and businesses are really searching for and offering in terms of savings and loans.

    Ask any libertarian or Austrian Economist, and a true wealth generator could never, and has never took shape, under republican OR democratic guidance. Long term growth is a market phenomenon. Laissez-faire.

    Armchair Goddess, none of anything you contribute to deregulation has anything at all to do with deregulation. The Great Depression was caused by government manipulation of interest rates, just like the current recession was caused by government created cheap credit. This cheap credit floods the market and causes bubbles, and when these bubbles begin to grow faster than the sources of credit, they collapse. Just like the housing market in 2007, just like the dotcom bubble in 1999, just like the credit boom in the 1920’s, and just like the commodity run up to the depression of the 1870’s. The problem wasn’t the deregulation, the problem was that THE SOURCES OF CREDIT AND INTEREST RATES BECAME TOO REGULATED!

    Get your facts straight. Thank you.
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  11. Armchair Goddess #1
    October 28th, 2012 at 06:38 | #11

    I call the Reaganomics (a.k.a., "trickle on down" or supply-side) the "sugar spurt’ economic theory, and almost any mom of small children can tell you that sugar spurts are NOT sustainable nor are they good for the ones partaking of them. Old-time humorist Will Rogers used to refer to this supply-side economic policy as the "horse and sparrows" method of bankrupting a nation: Allow the fat old horse (the wealthiest elite corporations) to absolutely GLUT on oats (subsidies, tax cuts), then allow that fat old horse to wander about without restraint (GOP’s DEREGULATION, which means no system of checks and balances, no consumer protections, and no oversight at all) so that the sparrows (the American masses) will eventually be "fed" by what falls alongside the road. This very same economic theory is what caused the Great Depression from 1929 through 1938, and we now know first-hand after the 2004 through present housing and credit markets’ COLLAPSE followed closely in 2007 and 2008 by the entire FINANCIAL SYSTEM MELTDOWN plus a hemorrhaging of more thn 800,000 jobs a month by late 2008 through the first month of 2009 that…surprise! Trickle down deregulation economics DOES NOT WORK!

    For the period where the supply is being glutted, there appears to be a "growth" period for the economy, but this is an illusion soon to COLLAPSE to a depressive state once there is an oversupply but no market (no DEMAND) for that glutted supply. Devalue and DEFLATION set in. Greed-driven corporate CEOs no long let the "horse" roam freely on American soil so the "droppings" can supposedly provide for the American people—these CEOs move the entire operation to Third-World nations where they can "expand their profit margins to obscene levels" while EXPLOITING the $300 a year salaries and then flooding the American markets with these low-priced foreign-made goods, interfering with American manufacturing until our economy shrivels up and SHRINKS into almost permanent third-world status! Of course, the greedy-gut CEOs get their multi-million-dollar salaries and self-awarded multi-million-dollar bonuses, their golden parachutes, and all their other ME! MY! MINE! perks—while DESTROYING the U.S. economy! That is "trickle down" economics at work, but just not at work in the U.S.
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  12. whoyeah
    October 28th, 2012 at 07:06 | #12

    It’s all I’m David’s book.

    The Triumph of Politics: Why the Reagan Revolution Failed (Hardcover)
    David Stockman
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  13. Joseph S
    October 28th, 2012 at 07:34 | #13

    Reagan was Big time Illuminati and NWO puppeteer do you research over Illuminati.
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