Why is the Stock Market still stagnate after so many years?
Under a lot of pressure from congress, the federal government under President Obama, lowered the interest rate to our businesses,
to make it easier to hire people and create new jobs, something done by presidents starting with President Ronald Reagan.
Started by then President Ronald Reagan and picked up again by George W. Bush, then again pushed by the Tea Party,
“Trickle-Down Economics?”
As seem on CNN this morning with Christine Romans, Chief business correspondent,
http://speakerpedia.com/speakers/christine-romans
and
Monica Mehta, Managing Principal Seventh Capital Investment,
CNN News Station, “Trickle-Down Economics”
The “Trickily Down Approach,” is not working!
http://www.dawn.com/news/838887/trickle-down-approach-and-its-efficacy
Businesses have been using the cheap money to invest in stocks and/or merge with others?
“No, Trickily Down”!
The benefits of tax cuts for high income earners and businesses are supposed to trickle down to everyone.
NEW YORK, NY – NOVEMBER 01: Women walk by a panhandler along Madison Avenue, one of Manhattan’s premier shopping and residential streets on November 1, 2011 in New York City. According to a new Census Bureau report, income inequality is greater in New York State and in the New York City region than in any other state or metropolitan area in the country. The report found that in three Manhattan neighborhoods, the Upper East and West Sides and Greenwich Village, the top 5 percent of households make an average of over $1 million. Inequality in America has become a campaign issue following the rise of the Occupy Wall Street movement and the continued high nationwide unemployment rate. (Photo by Spencer Platt/Getty Images)
Photo by Spencer Platt/Getty Images
If trickle-down economics worked, then lower tax rates during the Reagan Revolution should have increased the lowest income levels.
In fact, the exact opposite has occurred.
Income inequality has worsened. Between 1979 and 2005,
In 2010, the popular Tea Party movement rode into power during the mid-term elections based on cutting government and taxes.
As a result, the George Bush tax cuts were extended even for those making $250,000 or more.
Most 2012 Republican Presidential candidates also proposed some form of cutting taxes.
For example, Mitt Romney proposed cutting all taxes on capital gains and dividends for everyone making less than $250,000 a year.
He also wanted to lower the corporate tax rate to induce multi-national corporations to pay more taxes in the U.S. instead of overseas.
So, Bottom-line!
If it is broke, why would every republican now running for president still be pushing for lowering taxes?
Florida 