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Trickle-down economics is "wrong" according to the IMF

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#2

Trickle down economics absolutely does work, and here is proof:

 

http://www.theonion.com/article/reaganom...a-man-2302

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#3

If you remove the human element, just like communism, trickle down economics makes perfect sense. However both implemented have proven to concentrate power and wealth at the top.


The best system is a true free market without third party interference.
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#4

Quote:If you remove the human element, just like communism, trickle down economics makes perfect sense. However both implemented have proven to concentrate power and wealth at the top.


The best system is a true free market without third party interference.
Communism could actually function more effectively in small countries with small population densities. That was the biggest mistake that Lenin made- in bringing Communism to a huge country like Russia rather than say, Switzerland. It's impossible to rule a country the size of Russia without resorting to authoritarianism. Yeltsin learned that the hard way in the 1990's.


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#5

Quote:If you remove the human element, just like communism, trickle down economics makes perfect sense. However both implemented have proven to concentrate power and wealth at the top.


The best system is a true free market without third party interference.

I've gotta disagree.


Regulation is very much necessary.  

I was wrong about Trent Baalke. 
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#6

Quote:Communism could actually function more effectively in small countries with small population densities. That was the biggest mistake that Lenin made- in bringing Communism to a huge country like Russia rather than say, Switzerland. It's impossible to rule a country the size of Russia without resorting to authoritarianism. Yeltsin learned that the hard way in the 1990's.
 

North Korea.





                                                                          

"Why should I give information to you when all you want to do is find something wrong with it?"
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#7

Quote:Communism could actually function more effectively in small countries with small population densities. That was the biggest mistake that Lenin made- in bringing Communism to a huge country like Russia rather than say, Switzerland. It's impossible to rule a country the size of Russia without resorting to authoritarianism. Yeltsin learned that the hard way in the 1990's.
 

I would argue that communism doesn't work, especially in today's world.

 

Quote:North Korea.
 

North Korea started out as a communist state, but rather quickly turned into a more totalitarian state.  They really aren't an example of communism today.



There are 10 kinds of people in this world.  Those who understand binary and those who don't.
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#8

Quote:I would argue that communism doesn't work, especially in today's world.

 

 

North Korea started out as a communist state, but rather quickly turned into a more totalitarian state.  They really aren't an example of communism today.
 

They are at least an example of what happens when you start out with communism in a small state, and I think they still claim to be communist.





                                                                          

"Why should I give information to you when all you want to do is find something wrong with it?"
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#9

Quote:They are at least an example of what happens when you start out with communism in a small state, and I think they still claim to be communist.
 

The fatal flaw in Communism: people are still in charge of it.


“An empty vessel makes the loudest sound, so they that have the least wit are the greatest babblers.”. - Plato

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#10

Quote:They are at least an example of what happens when you start out with communism in a small state, and I think they still claim to be communist.
 

While they may "claim" to be communist, they really aren't.  I agree with you that if you go down the path to communism, then you eventually end up with something like the North Korean government, but I would not label it as "communist" at this point.



There are 10 kinds of people in this world.  Those who understand binary and those who don't.
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#11

Trickle down has never worked. The rich get richer and the rest get nothing more. Its a theory, not reality
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#12

Quote:I would argue that communism doesn't work, especially in today's world.

 

 

North Korea started out as a communist state, but rather quickly turned into a more totalitarian state.  They really aren't an example of communism today.
Some would argue that the DPRK is not really Communist at all. It follows a strict Korean philosophy called: "Juche" or "self-reliance". Kim ll Sung believed that Korea didn't need to rely on things such as western imports or foreign trade in order to survive. He believed that Korea could reply solely upon itself and create a true worker's paradise.  Clearly, he was wrong.

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#13

Quote:If you remove the human element, just like communism, trickle down economics makes perfect sense. However both implemented have proven to concentrate power and wealth at the top.


The best system is a true free market without third party interference.
 

Eric,

 

You are so dead on with alot of your thoughts.  But this is just one that for some reason you keep missing on.  A free market without "3rd Party interference" leads to either a monopoloy or an oligopoloy.  Both of which kill free markets.

 

In business, companies either try to bankrupt competitors, or they buy them out and make them part of thier own business.  In today's world, we see that all the time.  You need rules, and you need to enforce rules, that create competition and a "fair" market.  A free market with no rules pushes companies towards consolidation...  Consolidation is part of the reason we have such stagnation right now.  

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#14

Quote:Eric,


You are so dead on with alot of your thoughts. But this is just one that for some reason you keep missing on. A free market without "3rd Party interference" leads to either a monopoloy or an oligopoloy. Both of which kill free markets.


In business, companies either try to bankrupt competitors, or they buy them out and make them part of thier own business. In today's world, we see that all the time. You need rules, and you need to enforce rules, that create competition and a "fair" market. A free market with no rules pushes companies towards consolidation... Consolidation is part of the reason we have such stagnation right now.


3rd party doesn't just refer to government, it can be insurance companies or corporate third parties as well. Private ownership where transactions are strictly between supplier and consumer is a true a free market. The moment you have percentages of ownership sold on the stock market, insurance companies subsidizing cost, government subsidizing the cost, and regulation controlling the players you don't have a free market.
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#15

Quote:Communism could actually function more effectively in small countries with small population densities. That was the biggest mistake that Lenin made- in bringing Communism to a huge country like Russia rather than say, Switzerland. It's impossible to rule a country the size of Russia without resorting to authoritarianism. Yeltsin learned that the hard way in the 1990's.
Cuba certainly is a thriving country. 

Never argue with idiots. They drag you down to their level and beat you with experience.
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#16

Quote:Cuba certainly is a thriving country.


Communism can never work it's an ideology that refuses to acknowledge the natural consolidation of power.
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#17

Quote:Cuba certainly is a thriving country. 
Cuba is gradually becoming more Capitalist, and is transitioning to a market based economy. As others stated earlier, Communism is just a theory- and even the Soviets admitted that they never could achieve true Communism in the way that Marx and Engels had envisioned it. 

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#18

Quote:Eric,


You are so dead on with alot of your thoughts. But this is just one that for some reason you keep missing on. A free market without "3rd Party interference" leads to either a monopoloy or an oligopoloy. Both of which kill free markets.


In business, companies either try to bankrupt competitors, or they buy them out and make them part of thier own business. In today's world, we see that all the time. You need rules, and you need to enforce rules, that create competition and a "fair" market. A free market with no rules pushes companies towards consolidation... Consolidation is part of the reason we have such stagnation right now.


Well said.
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#19

Quote:Eric,

 

You are so dead on with alot of your thoughts.  But this is just one that for some reason you keep missing on.  A free market without "3rd Party interference" leads to either a monopoloy or an oligopoloy.  Both of which kill free markets.

 

In business, companies either try to bankrupt competitors, or they buy them out and make them part of thier own business.  In today's world, we see that all the time.  You need rules, and you need to enforce rules, that create competition and a "fair" market.  A free market with no rules pushes companies towards consolidation...  Consolidation is part of the reason we have such stagnation right now.  
 

As usual, liberal ideas about commerce work just fine until the real world intrudes. What's the most recent industry to get a new batch of regulation? Health care. What happens immediately after the government sticks its nose further in the tent? Consolidation. The free market doesn't cause this, over regulation and government intrusion cause it.

 

UnitedHealthcare trying to buy Aetna.

 

http://moneybasicsradio.com/2015/06/unit...-or-stock/

 

Anthem trying to buy Cigna and Aetna trying to buy Humana.

 

http://www.wsj.com/articles/anthem-bids-...1434821349

 

Of course Democrats want single payer and Republicans favor big business, so we're all going to get screwed. Too bad we don't have a free market solution to this madness.

“An empty vessel makes the loudest sound, so they that have the least wit are the greatest babblers.”. - Plato

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#20

So you want totally free markets eh? That means removing your immigration policies too right? Or is that government intrusion ok?
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