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Thread: There is only one thing that has to be followed in this countries economy.

  1. #1
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    There is only one thing that has to be followed in this countries economy.

    That one thing is wage growth, not economic growth, wage growth, not GDP, wage growth and in no way am I referring to the top few percentage points of our population .This part of our economy, if watched seriously ,for any length of time will find out a few things , one that Reagan's trickle down lie never trickled down and that the reason that there hasn't been wage increase for the working family is all because of the rights Tax rates and laws, they have been written to make sure nothing goes down, WE have had the biggest profits in history by a long shot in those year and only a few people at the top got any part of the increased wealth of the richest country in the world. These massive profits have been forced into the hand of the wealthy, The worker got none the executives and the wealthy got it all.
    So is someone here going to try to tell us that I'm wrong and that the wealthy who got it all in the passed 40 years should have gotten it all, are you going to tell us that the wealthy got , smarter, worked harder, or deserve it all somehow. There Is only one part of our economic growth that should be watched by the people in this country, wage growth of the worker , watching this and studying the reasons and the reality of what is happening in front of you , you will see one thing , The right has set tax rates and laws to force all of the growth into the hands of the select few. That can easily be changed and its not by handing it all to big business and the wealthy like was done by the right wing budget that just passed.
    Last edited by jbander; 27th April 2018 at 07:40 PM.
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    Quote Originally Posted by jbander View Post
    That one thing is wage growth, not economic growth, wage growth, not GDP, wage growth and in no way am I referring to the top few percentage points of our population .we had a one year increase of 5% growth and they are jumping up and down saying that the orange monster did it. Now that's a joke. Considering that for literally over 40 years there has been no growth in income other then pennie for this country's workers this 5% is a hoot.. If this one part of our economy is watched seriously for any length of time by this country , they will find out a few things , one that Reagan's trickle down lie never trickled down and that the reason that there hasn't been wage increase for the working family is all because of the hate group that calls itself republicans Tax rates and laws, they have been written to make sure nothing goes down, WE have had the biggest profits by a long shot in those year, a few people at the top literally got every dime of the increased wealth of the richest country in the world. These massive profits have been forced into the hand of the wealthy, The worker got none the executives and the wealthy got it all. So is someone here going to try to tell us that I'm wrong and that the wealthy who got it all in the passed 40 years should have gotten it all, are you going to tell me that the wealthy got , smarter, worked harder, or deserve it all somehow. There Is only one part of our economic growth that should be watched by the people in this country, wage growth of the worker , watching this and studying the reasons and the reality of what is happening in front of you , you will see one thing , The right has set tax rates and laws to force all of the growth into the hands of the wealthy. That can easily be changed and its not by handing it all to big business and the wealthy like in the hate parties budget they just passed.
    Prattle.

  3. #3
    Southern Strategy Liberal OldGaffer's Avatar
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    Quote Originally Posted by Neomalthusian View Post
    Prattle.
    You make a great point! Bravo.

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    A Character Tennyson's Avatar
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    Quote Originally Posted by jbander View Post
    That one thing is wage growth, not economic growth, wage growth, not GDP, wage growth and in no way am I referring to the top few percentage points of our population .This part of our economy, if watched seriously ,for any length of time will find out a few things , one that Reagan's trickle down lie never trickled down and that the reason that there hasn't been wage increase for the working family is all because of the rights Tax rates and laws, they have been written to make sure nothing goes down, WE have had the biggest profits in history by a long shot in those year and only a few people at the top got any part of the increased wealth of the richest country in the world. These massive profits have been forced into the hand of the wealthy, The worker got none the executives and the wealthy got it all.
    So is someone here going to try to tell us that I'm wrong and that the wealthy who got it all in the passed 40 years should have gotten it all, are you going to tell us that the wealthy got , smarter, worked harder, or deserve it all somehow. There Is only one part of our economic growth that should be watched by the people in this country, wage growth of the worker , watching this and studying the reasons and the reality of what is happening in front of you , you will see one thing , The right has set tax rates and laws to force all of the growth into the hands of the select few. That can easily be changed and its not by handing it all to big business and the wealthy like was done by the right wing budget that just passed.
    How did this happen:

    Under Reaganís policies, the lowest 50% of wage earners' income increased by 17.9%.

    Under Reagan's policies, in 1980, the median income was $16,523 and in 1989 it was $27,388, a 150% increase over 1980.

    Under Reaganís policies, the middle class, or the taxpayers in the middle 50-95 percent, saw their incomes rise 21.4%.

    Under Reagan's policies, the median real family income grew 11.1% and real household income grew 10.3%.

    Under Reaganís policies, the tax burden for the lowest 50% of wage earners dropped from 7.4% to 5.4%.

    Under Reaganís policies, the tax burden on the top 5% of wage increased from 45.6% to 65% of all taxes paid.

    Under Reaganís policies, the middle class tax burden dropped from 57.2% to 48.7% of total taxes.

    Under Reaganís policies, the middle class, or the taxpayers in the middle 50-95 percent, saw their incomes rise 21.4%.
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    Radical Centrist BigLeRoy's Avatar
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    Quote Originally Posted by Tennyson View Post
    How did this happen:

    Under Reagan’s policies, the lowest 50% of wage earners' income increased by 17.9%.

    Under Reagan's policies, in 1980, the median income was $16,523 and in 1989 it was $27,388, a 150% increase over 1980.

    Under Reagan’s policies, the middle class, or the taxpayers in the middle 50-95 percent, saw their incomes rise 21.4%.

    Under Reagan's policies, the median real family income grew 11.1% and real household income grew 10.3%.


    Under Reagan’s policies, the tax burden for the lowest 50% of wage earners dropped from 7.4% to 5.4%.

    Under Reagan’s policies, the tax burden on the top 5% of wage increased from 45.6% to 65% of all taxes paid.

    Under Reagan’s policies, the middle class tax burden dropped from 57.2% to 48.7% of total taxes.

    Under Reagan’s policies, the middle class, or the taxpayers in the middle 50-95 percent, saw their incomes rise 21.4%.
    I wonder. I wonder to what extent you realize that much of the credit for these results, and in particular the results which I bolded, properly belong to Federal Reserve Chairman Paul Volcker, who served in that capacity from 1979 to 1986. It was Volcker's policies, and not Reagan's, that vanquished inflation, and without that, the economic Renaissance of the 1980's would not have been possible.
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  6. #6
    A Character Tennyson's Avatar
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    Quote Originally Posted by BigLeRoy View Post
    I wonder. I wonder to what extent you realize that much of the credit for these results, and in particular the results which I bolded, properly belong to Federal Reserve Chairman Paul Volcker, who served in that capacity from 1979 to 1986. It was Volcker's policies, and not Reagan's, that vanquished inflation, and without that, the economic Renaissance of the 1980's would not have been possible.
    Carter appointed Volcker and Volker did what Carter wanted. Volcker did what Reagan wanted and that is the difference: two different policies by the same person under two different predidents.

  7. #7
    Radical Centrist BigLeRoy's Avatar
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    Quote Originally Posted by Tennyson View Post
    Carter appointed Volcker and Volker did what Carter wanted. Volcker did what Reagan wanted and that is the difference: two different policies by the same person under two different predidents.
    Not entirely. Reagan's Secretary of the Treasury, James Baker, was frequently 'jawboning' Fed Chairman Volcker to lower the very high interest rates that were the harsh medicine that was needed to wring inflation out of the system. The Reagan folks (rightly) worried that the severity of the recession might prevent Reagan from winning a second term. But Volcker stuck to his guns, by late 1982 the battle against inflation was largely won, Volcker was able to start lowering interest rates in 1983, and the U.S. economy rose like a phoenix from the ashes. 1983 was a year of exceptionally strong recovery, which continued in 1984, and Reagan won re-election by one of the larger electoral landslides in American history. Reagan owed Volcker a huge thanks for that.
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    Quote Originally Posted by Tennyson View Post
    How did this happen:

    Under Reagan’s policies, the lowest 50% of wage earners' income increased by 17.9%.

    Under Reagan's policies, in 1980, the median income was $16,523 and in 1989 it was $27,388, a 150% increase over 1980.

    Under Reagan’s policies, the middle class, or the taxpayers in the middle 50-95 percent, saw their incomes rise 21.4%.

    Under Reagan's policies, the median real family income grew 11.1% and real household income grew 10.3%.

    Under Reagan’s policies, the tax burden for the lowest 50% of wage earners dropped from 7.4% to 5.4%.

    Under Reagan’s policies, the tax burden on the top 5% of wage increased from 45.6% to 65% of all taxes paid.

    Under Reagan’s policies, the middle class tax burden dropped from 57.2% to 48.7% of total taxes.

    Under Reagan’s policies, the middle class, or the taxpayers in the middle 50-95 percent, saw their incomes rise 21.4%.
    Now for the truth and reality , inflation rates during Reagan economy, take these numbers and compare them to Tennyson's numbers above and guess what you lost not gained.
    Screenshot from 2018-04-28 11-02-23.jpg

    This is a prime example of one simple fact , Right wing policy doesn't work when you use the truth and not the lies needed for the right to exist , this point becomes totally clear.
    Attached Images Attached Images
    Last edited by jbander; 28th April 2018 at 08:11 AM.

  9. #9
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    Come with facts not bullshit. If you do the exact truth is in my first comment in this thread . One word attacks on me just don't make it from the hate party.

  10. #10
    Veteran Member carpe diem's Avatar
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    Quote Originally Posted by jbander View Post
    That one thing is wage growth, not economic growth, wage growth, not GDP, wage growth and in no way am I referring to the top few percentage points of our population .This part of our economy, if watched seriously ,for any length of time will find out a few things , one that Reagan's trickle down lie never trickled down and that the reason that there hasn't been wage increase for the working family is all because of the rights Tax rates and laws, they have been written to make sure nothing goes down, WE have had the biggest profits in history by a long shot in those year and only a few people at the top got any part of the increased wealth of the richest country in the world. These massive profits have been forced into the hand of the wealthy, The worker got none the executives and the wealthy got it all.
    So is someone here going to try to tell us that I'm wrong and that the wealthy who got it all in the passed 40 years should have gotten it all, are you going to tell us that the wealthy got , smarter, worked harder, or deserve it all somehow. There Is only one part of our economic growth that should be watched by the people in this country, wage growth of the worker , watching this and studying the reasons and the reality of what is happening in front of you , you will see one thing , The right has set tax rates and laws to force all of the growth into the hands of the select few. That can easily be changed and its not by handing it all to big business and the wealthy like was done by the right wing budget that just passed.
    As usual the OP has a biased view of reality and attempts to build a worthy strawman from there...NOPE

    Trickle down happens every single day in a capitalist free market society no matter how many ways the left attempts to disprove it.
    Last edited by carpe diem; 28th April 2018 at 08:20 AM.

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