Of Course Trickle Down Works

Discussion in 'Political Opinions & Beliefs' started by Just A Man, Dec 16, 2017.

  1. AFM

    AFM Well-Known Member Past Donor

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    I’d recommend reading an E101 text.
     
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  2. Longshot

    Longshot Well-Known Member

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    The level of economic illiteracy on this forum is astounding.
     
  3. Golem

    Golem Well-Known Member Past Donor

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    You actually want me to explain profits?

    [​IMG]

    Lo and behold... Wealth has been created....
     
    Last edited: Dec 20, 2017
  4. AFM

    AFM Well-Known Member Past Donor

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    Wealth has been exchanged.
     
  5. Longshot

    Longshot Well-Known Member

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    Okay, so I have produced a loaf of bread, and you give me a few dollars, and I give you the loaf of bread. What thing has been created by our actions?
     
  6. Golem

    Golem Well-Known Member Past Donor

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    How many times must I say it: profit! We have created wealth. The type of wealth that makes the economy work. The baker will now be able to "create" more bread for tomorrow. If we put more funds in the hands of the middle class, they can buy more bread (or more of them can buy bread... however you want to put it), which means the bakery will need more bakers. Their providers will see their sales increase. Jobs are created. Wealth is created. We have increased GDP....

    You are obviously very unfamiliar with very basic concepts of Economics.
     
    Last edited: Dec 20, 2017
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  7. AFM

    AFM Well-Known Member Past Donor

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    A transaction in which both people benefit.
     
  8. Golem

    Golem Well-Known Member Past Donor

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    Oh... please don't embarrass yourself and lookup the meaning of "wealth" in economics.
     
  9. AFM

    AFM Well-Known Member Past Donor

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    No wealth has been created. Wealth has been transferred in the transaction. Both parties benefit. ECON 101.
     
  10. Longshot

    Longshot Well-Known Member

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    Okay, so I have produced a loaf of bread, and you give me a few dollars, and I give you the loaf of bread. What thing has been created by our actions?

    In your own words, nothing. Thank you for clarifying.
     
  11. AFM

    AFM Well-Known Member Past Donor

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    That’s funny. Please follow your own advice.
     
  12. Longshot

    Longshot Well-Known Member

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    What tangible thing has been created?
     
  13. AFM

    AFM Well-Known Member Past Donor

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    Nothing. The baker uses capital and ingredients to produce the bread (wealth). The consumer uses money which he has received for his human capital to buy the bread. Both benefit from the transaction but no wealth has been created.
     
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  14. Lesh

    Lesh Banned

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    You were agreeing with Sawyer without realizing it?

    Longshot is just making inane nonsense up.
     
  15. Lesh

    Lesh Banned

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    It is...but you keep talking and exposing that illiteracy
     
    Last edited: Dec 20, 2017
  16. Golem

    Golem Well-Known Member Past Donor

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    Where in the world did you get the idea that wealth cannot be created if both parties benefit?

    Let me guess: ECON 101 at some pseudo-university. Which one was it: Liberty University? Oral Robers? Your Ass U?
     
  17. Golem

    Golem Well-Known Member Past Donor

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  18. AFM

    AFM Well-Known Member Past Donor

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    You must be kidding ?? In the transaction the baker has the consumers money and the consumer has the bakers bread. No wealth has been created. ECON 101.
     
  19. AFM

    AFM Well-Known Member Past Donor

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    Ouch - hurtful words from the party of goodness. Clever retort.
     
  20. Lesh

    Lesh Banned

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    I guess you missed the post I was responding to. oh wait.

    No you didn't
     
    Last edited: Dec 20, 2017
  21. Ronstar

    Ronstar Well-Known Member Past Donor

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    but you know he's right
     
  22. AFM

    AFM Well-Known Member Past Donor

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    The cleverness is breathtaking.
     
  23. AFM

    AFM Well-Known Member Past Donor

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    Oh no, the party of goodness is piling on.
     
  24. Longshot

    Longshot Well-Known Member

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    Yes, I do keep exposing the illiteracy.
     
  25. sawyer

    sawyer Well-Known Member Past Donor

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    First comes demand which is the desire to consume.
     

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