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Supposedly the entire basis of supply side (trickle down) economics hastily scrawled on the back of a napkin by someone who had no actual economic experience when pitched to Reagan.
And despite it very clearly not working for 40+ years itâs thought of as the only thing that should ever be done by people who are most hurt by it.
The key to widespread, broad-based prosperity is NOT âsupply sideâ economics â the scam idea that if you stimulate those who âsupplyâ wealth, i.e., rich investors â they will create jobs and the wealth will âtrickle downâ to the workers. Prosperity does NOT trickle down; it builds from the bottom up and the middle out.
Investors do not âcreateâ jobs out of the goodness of their hearts or because they care about working people; they invest in opportunities when they see the potential for CONSUMER DEMAND (either filling an unmet need, or inventing a product for which they can create consumer desire â but only if workers are paid well enough to also be the consumers out of whom consumer demand arises.
The old âtrickle downâ scam has never worked.
Didnât work under Hoover.Didnât work under Reagan.Didnât work under Bush.Didnât work under Trump.
The few richest elites multiplied their already-massive wealth, even in a pandemic that got out of control because of Trumpâs own mismanagement, while tens of millions of Americans lost jobs, careers, livelihoods and economic security in a new TRUMP ECONOMIC COLLAPSE.
Or maybe it has worked perfectly for its true purpose â just the way they designed it â to REDISTRIBUTE the wealth produced by middle class working people to the few richest elites who already have the most while pretending it is supposed to help working people and the middle class.
It does NOT work the way scam artists try to sell it to gullible suckers.It works perfectly for billionaire CON men.
If it needs an explanation, itâs probably a real economic theory. If it sounds good without an explanation, itâs a slogan. Most of us donât want an explanation.
Magats believe that that tax cuts and subsidies for billionaires benefit them personally.
And that there is NO waste fraud or abuse in the 18 billion government contracts for Musk. But the National Weather Service? Rife with all three and a total waste of money.
The Republicans have been peddling that trickle down economics for more than 128 years.
William Jennings Bryan made his Cross of Gold speech in 1896.
There are two ideas of government. There are those who believe that, if you will only legislate to make the well-to-do prosperous, their prosperity will leak through on those below. The Democratic idea, however, has been that if you legislate to make the masses prosperous, their prosperity will find its way up through every class which rests upon them.
Plus ça change, plus câest la mĂȘme chose.
For the magats, that translates to âthe more things change, the more they stay the sameâ.
Off subject , Thank you Governor Janet Mills the Honorable Governor of The Great State of Maine for telling Trumpie the Clown to Pound Sand , VIVA RESISTANCE !
Itâs insane that some people think itâs a good idea to defund services people actually use in order to hand the money to someone who canât even spend the money he already has.
It will make YOU richer any day now, I promise. Just hand ME cash, and YOUâLL get richer.
It doesnât make good sense. It doesnât even make BAD sense.
Most of the comments here about supply side economics are comments that that really lack in facts. The idea is not to give tax cuts only to the rich. It is to give tax cuts to all taxpayersâthat would be people who actually pay taxes, the bottom 50% pay virtually no income tax. It is not âtrickle downâ economics, either. This particular plan was done in the 1960âs introduced by the JFK administration. It was also done by the Ronald Reagan administration. And it was done by George W. Bush. And most recently it was done by the Trump administration. In every case, tax revenues actually increased. the problems we had had to do with spending. And before you talk about how the rich got most of the cuts, it is a question of math. Liberals have a hard time understanding that. The top 1% in 2021 paid over 45% of all income taxes. The top 10% paid over 65% of all taxes. The top 50% paid over 97% of all income taxes. It is too bad our hero in the strip displays his ignorance of economics.
And yet, the dimocrats are screeching about Trump cutting fraud and waste (which are the biggest reasons for ghem to even hold power in the first place, playing âSatan Clauseâ)
Embrace Panda Side economics! Send me some $$$ and Iâll triple it and send it back to you. Trust me.
Skeptical? Youâll never get rich with that attitude.
Iâm still glowinââŠTeam Canada knocked the stuffinâ out of those yank buggers. 27 to 2.
Think trump never accomplished anything? Hah! He destroyed all the friendships and allies the USA made since 1940âŠand did it in only a month! What a guy!
Supply-side economics is an economic theory that states that economic growth is achieved by increasing the supply of goods and services. Itâs also known as âtrickle-down economicsâ.
Supply Side Economics was developed to legalize Price Gouging Economics. No one does it better than the pharmaceutical industry, especially when it comes to cancer medications.
Donât give me the research and development costs argument, as the taxpayers pay for most of that.
Supply Side Economics â along with âSmall Government â are the scams designed to lower the tax burden from the wealthy and corporations onto the middle and working classes.
To accomplish it, you have to gut the federal government as the only effective counterbalance to monied interests and keep the middle and working classes at each otherâs throats so they donât look up at the real problem.
If you are for âSmall Government â, it means you better trust the Amazons, Facebooks and ExxonMobilâs of the world to have your best interest at heart. Spoiler alert â they donât.
While there were many, many aspects of Henry Ford that were not good, he did understand that his labor force needed a living wage and would then be able to afford his products. For more of the good and bad google: wiki Henry Ford Labor philosophy
One aspect of our current situation I peg more on the D than R is the National Minimum Wage. When the Dâs have had control of POTUS and Congress they never seem to seize the day to put the Federal Minimum Wage on at least a mechanism to hold it steady to inflation. Or to the CEO to worker compensation ratio.
or you can daydream about the recipients of the millions, billions of US tax dollars in foreign lands laughing their behinds off at how stupid you are about their âneedsâ and your money being laundered by the unelected bureaucrats feathering their own nestsâŠ
Arbitrary about 16 hours ago
Supposedly the entire basis of supply side (trickle down) economics hastily scrawled on the back of a napkin by someone who had no actual economic experience when pitched to Reagan.
And despite it very clearly not working for 40+ years itâs thought of as the only thing that should ever be done by people who are most hurt by it.
We are a nation of idiots.
DD Wiz about 16 hours ago
The key to widespread, broad-based prosperity is NOT âsupply sideâ economics â the scam idea that if you stimulate those who âsupplyâ wealth, i.e., rich investors â they will create jobs and the wealth will âtrickle downâ to the workers. Prosperity does NOT trickle down; it builds from the bottom up and the middle out.
Investors do not âcreateâ jobs out of the goodness of their hearts or because they care about working people; they invest in opportunities when they see the potential for CONSUMER DEMAND (either filling an unmet need, or inventing a product for which they can create consumer desire â but only if workers are paid well enough to also be the consumers out of whom consumer demand arises.
The old âtrickle downâ scam has never worked.
Didnât work under Hoover.Didnât work under Reagan.Didnât work under Bush.Didnât work under Trump.
The few richest elites multiplied their already-massive wealth, even in a pandemic that got out of control because of Trumpâs own mismanagement, while tens of millions of Americans lost jobs, careers, livelihoods and economic security in a new TRUMP ECONOMIC COLLAPSE.
Or maybe it has worked perfectly for its true purpose â just the way they designed it â to REDISTRIBUTE the wealth produced by middle class working people to the few richest elites who already have the most while pretending it is supposed to help working people and the middle class.
It does NOT work the way scam artists try to sell it to gullible suckers.It works perfectly for billionaire CON men.
Trickle down? The trickâs on you.
wallylm about 16 hours ago
Ah, the old Field of Dreams model of business (If you build it, people will come)!
Superfrog about 16 hours ago
If it needs an explanation, itâs probably a real economic theory. If it sounds good without an explanation, itâs a slogan. Most of us donât want an explanation.
braindead Premium Member about 16 hours ago
Magats believe that that tax cuts and subsidies for billionaires benefit them personally.
And that there is NO waste fraud or abuse in the 18 billion government contracts for Musk. But the National Weather Service? Rife with all three and a total waste of money.
A prime example of magat analysis skills.
Baslim the Beggar Premium Member about 15 hours ago
The Republicans have been peddling that trickle down economics for more than 128 years.
William Jennings Bryan made his Cross of Gold speech in 1896.
There are two ideas of government. There are those who believe that, if you will only legislate to make the well-to-do prosperous, their prosperity will leak through on those below. The Democratic idea, however, has been that if you legislate to make the masses prosperous, their prosperity will find its way up through every class which rests upon them.
Plus ça change, plus câest la mĂȘme chose.
For the magats, that translates to âthe more things change, the more they stay the sameâ.Jean-Baptiste Alphonse Karr, Les GuĂȘpes, 1849
hariseldon59 about 15 hours ago
The younger crowd are asking âWhatâs a checkbook?â.
Jml58 about 15 hours ago
Money is like manure. Spread on the field, and it makes new growth. Pile it in a corner, and it starts to stink.
SameAsOldFfred about 14 hours ago
Itâs also called cooking the books.
walsh.william about 12 hours ago
No you donât.
Number Slx about 12 hours ago
Andy Capp is great at balancing the books. He asked his wife Flo to âlend him ÂŁ20 till tomorrow.â
âWhatâs happening tomorrow?â, she asked.
âThatâs as long as itâll last me.â, he replied.
scote1379 Premium Member about 11 hours ago
Off subject , Thank you Governor Janet Mills the Honorable Governor of The Great State of Maine for telling Trumpie the Clown to Pound Sand , VIVA RESISTANCE !
CountOlaf2.0 Premium Member about 10 hours ago
Glad it is Saturday. This arc has run its course.
Geezer about 10 hours ago
Wikipedia has an article titled âSupply-side economics.â
Ignatz Premium Member about 10 hours ago
Itâs insane that some people think itâs a good idea to defund services people actually use in order to hand the money to someone who canât even spend the money he already has.
It will make YOU richer any day now, I promise. Just hand ME cash, and YOUâLL get richer.
It doesnât make good sense. It doesnât even make BAD sense.
Hollymartins2 about 9 hours ago
Should I hate a people for the shade of their skin
Or the shape of their eyes or the shape Iâm in
Should I hate âem for having our jobs today
No, I hate the men sent the jobs away
I can see them all now, they haunt my dreams
All lily white and squeaky clean
Theyâve never known want, theyâll never know need
Their **** donât stink and their kids wonât bleed
Their kids wonât bleed in their d**n little war
And we canât make it here anymore
Will work for food, will die for oil
Will kill for power, and to us the spoils
The billionaires get to pay less tax
The working poor get to fall through the cracks
So let âem eat jellybeans let âem eat cake
Let âem eat ****, whatever it takes
They can join the Air Force or join the Corps
If they canât make it here anymore
-James McMurtry âWe Canât Make It Hereâ
duggersd Premium Member about 9 hours ago
Most of the comments here about supply side economics are comments that that really lack in facts. The idea is not to give tax cuts only to the rich. It is to give tax cuts to all taxpayersâthat would be people who actually pay taxes, the bottom 50% pay virtually no income tax. It is not âtrickle downâ economics, either. This particular plan was done in the 1960âs introduced by the JFK administration. It was also done by the Ronald Reagan administration. And it was done by George W. Bush. And most recently it was done by the Trump administration. In every case, tax revenues actually increased. the problems we had had to do with spending. And before you talk about how the rich got most of the cuts, it is a question of math. Liberals have a hard time understanding that. The top 1% in 2021 paid over 45% of all income taxes. The top 10% paid over 65% of all taxes. The top 50% paid over 97% of all income taxes. It is too bad our hero in the strip displays his ignorance of economics.
MS72 about 9 hours ago
Wow! Iâd like to see your checkbooks.
GeorgeJohnson about 9 hours ago
And yet, the dimocrats are screeching about Trump cutting fraud and waste (which are the biggest reasons for ghem to even hold power in the first place, playing âSatan Clauseâ)
dflak about 9 hours ago
This is a bit dated with one update:
How Much is 2 + 2?
Accountant: 4
Carpenter: (after measuring 3 times): 3 feet 11 and 31/32 inches.
Engineer: 3.999 â oh heck, weâll call it 4.
Lawyer: How much do you want it to be?
Arizona Republican: The liberals claim itâs 4 but we are still recounting.
Floridian: I donât have to answer that. Itâs Critical Race Theory Math.
Lauren Boebert: AR-15 (Guns are the answer to everything).
Marjorie Greene: Q.
Tucker Carlson: Why is the radical left indoctrinating our youth with the belief that 2 + 2 = 4? Can they prove it?
Ted Cruz: This is a bunch of WOKE nonsense.
Musk: 4 but weâre cutting that to zero.
Redd Panda about 9 hours ago
What DDWiz is trying to say is Never trust a rich Bahstahd
Hey DDWIz good to see youâre still upright, how ya feelin?
Redd Panda about 8 hours ago
Embrace Panda Side economics! Send me some $$$ and Iâll triple it and send it back to you. Trust me.
Skeptical? Youâll never get rich with that attitude.
Iâm still glowinââŠTeam Canada knocked the stuffinâ out of those yank buggers. 27 to 2.
Think trump never accomplished anything? Hah! He destroyed all the friendships and allies the USA made since 1940âŠand did it in only a month! What a guy!
ladykat Premium Member about 8 hours ago
Well, did Danaeâs method work for you, Dad?
sandpiper about 8 hours ago
I thought I had a comment to add to the comic, but after reading a lot of comments, I was too tired to remember it.
baskate_2000 about 8 hours ago
I have no words.
[Unnamed Reader - bddb15] about 8 hours ago
Supply-side economics is an economic theory that states that economic growth is achieved by increasing the supply of goods and services. Itâs also known as âtrickle-down economicsâ.
GiantShetlandPony about 7 hours ago
Supply Side Economics was developed to legalize Price Gouging Economics. No one does it better than the pharmaceutical industry, especially when it comes to cancer medications.
Donât give me the research and development costs argument, as the taxpayers pay for most of that.
EHT123 Premium Member about 7 hours ago
Nice analysis.
corvallisclem about 7 hours ago
The dark side of capitalism.
Hollymartins2 about 7 hours ago
Supply Side Economics â along with âSmall Government â are the scams designed to lower the tax burden from the wealthy and corporations onto the middle and working classes.
To accomplish it, you have to gut the federal government as the only effective counterbalance to monied interests and keep the middle and working classes at each otherâs throats so they donât look up at the real problem.
If you are for âSmall Government â, it means you better trust the Amazons, Facebooks and ExxonMobilâs of the world to have your best interest at heart. Spoiler alert â they donât.
gfredrickson85 about 7 hours ago
And if you raise the taxes too high the wealthy will gladly pay the taxes? Ask the UK how thatâs working out. >
MC4802 Premium Member about 7 hours ago
While there were many, many aspects of Henry Ford that were not good, he did understand that his labor force needed a living wage and would then be able to afford his products. For more of the good and bad google: wiki Henry Ford Labor philosophy
One aspect of our current situation I peg more on the D than R is the National Minimum Wage. When the Dâs have had control of POTUS and Congress they never seem to seize the day to put the Federal Minimum Wage on at least a mechanism to hold it steady to inflation. Or to the CEO to worker compensation ratio.
ira.crank about 6 hours ago
Economics and religion are similar since they both rely on faith or beliefs in a particular system.
jdg235 about 6 hours ago
Does anyone know the difference between there. their and theyâre anymore?
kaffekup about 6 hours ago
âRich people donât create jobs; jobs create rich people.â
The right hate to hear that.
anomaly about 6 hours ago
But, Danae, donât you have to know math to back into that balance?
Silence Dogood Premium Member about 5 hours ago
Also known as, âCookinâ the BooksââŠ!
ncorgbl about 5 hours ago
âJust start with the balance you want to haveâŠâ
Thatâs how a Republican congress makes a budget.
Daltongang Premium Member about 5 hours ago
And now we know who it was that came up with the idea of trickle down economics.
Blackthorne42 about 4 hours ago
Careful, Danae⊠that Magic Math Method can also work on your allowance.
NatureBatsLast about 4 hours ago
âPeople of privilege will always risk their complete destruction rather than surrender any material part of their advantage.â â J.K. Galbraith
M.K.Staffeld about 3 hours ago
Tell the bartender to set you up with a running tab as youâre gonna be there quite often while Danaeâs on her latest âgreatest ideaâ bitâŠ
Will E. Makeit Premium Member about 2 hours ago
or you can daydream about the recipients of the millions, billions of US tax dollars in foreign lands laughing their behinds off at how stupid you are about their âneedsâ and your money being laundered by the unelected bureaucrats feathering their own nestsâŠ
keenanthelibrarian 40 minutes ago
Just seems so terribly simple, really.