How does trickle down economics work?

I read on my favourite Conservative blog that Trump's tax cut will make everyone richer. Like if you give rich people more money then they have more money than everyone else so everyone is rich. I wanna believe this but I'm real confused.

Do these folks go out and be 'job creators' hiring more nannies? I mean what if they just wanna keep the dough or buy a house? Or what if businesses have enough workers? I know Government wastes money and sh*t but I just don't get how wealth is supposed to trickle-down.

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FunKingPizzaShip · M

You mentioned, "buy a house," well, someone has to build that house.

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Karlbodge · 26-30, M

@Ax17x7: They could build Trump's mansion too, but wouldn't that be hiring Mexicans?

FunKingPizzaShip · M

@Karlbodge: With the price of labour so high in the States, its obviously much cheaper to hire migrant workers.

Karlbodge · 26-30, M

@Ax17x7: So we need to reduce the price of labor and cut taxes, so more wealth trickles down, right?

FunKingPizzaShip · M

@Karlbodge: What the US has to do is incentivize businesses to hire Americans and not migrant workers or outsource work and encourage entrepreneurial Americans to start new businesses.

Karlbodge · 26-30, M

@Ax17x7: Okaaaay. How does that explain why wealth is concentrating in fewer hands? American Dream this ain't.

katielass · F

@Ax17x7: Yes but it's already illegal to hire illegal aliens. It's just another law that is not enforced and frankly never has been. Not since it was passed in 1986. And even if it were enforced the penalty is so inconsequential it's almost like losing a box of nails. The penalty needs to be prohibitive and include jail time. Construction jobs are not jobs Americans didn't want to do, they were cut out by the presence of illegal aliens willing to work for less.

FunKingPizzaShip · M

@Karlbodge: And what exactly is the American dream?

Seems more and more people today are so self entitled that they expect everything to be handed to them. Fact is most things come so easy to us today, that many people have no idea what it's like to struggle. So instead of working hard, they blame the people who have worked hard and earned lots of money for their work, and expect them to pay for everything.

Excessive taxes on the rich is not the solution because it disincentivizes people to work to get that far a head.

If you want to make the argument that people can't get ahead anymore, well blame the government who passes regulation and laws making it harder for normal people to start their own business and being successful for themselves.

You want to know how to achieve the American Dream. Strip government of its power and make it easier for people to succeed on their own without government handouts.

therighttothink50 · 56-60, M

@Ax17x7: “The problem with socialism is that you eventually run out of other people's money.” -Margaret Thatcher-