Oh Yah, Baby!
Poll indicates Sask. voter intent remains the same
We're gonna keep those scary socialist fundamentalists outta power for another four years. That's a good start.
Oh, and Dwayne, until and unless the NDP stops using this tired old rhetoric about "families" and "trickle down" economics, in fact, until and unless you cease being scary socialist fundamentalists, and completely reinvent yourselves, you are history. Statements like this:
We're gonna keep those scary socialist fundamentalists outta power for another four years. That's a good start.
Oh, and Dwayne, until and unless the NDP stops using this tired old rhetoric about "families" and "trickle down" economics, in fact, until and unless you cease being scary socialist fundamentalists, and completely reinvent yourselves, you are history. Statements like this:
"He will make sure the province’s economic prosperity trickles down to Saskatchewan families."Well, awe, isn't that cute in an old and worn out sort of way. What does "trickle down" actually mean, anyway? Make the rich pay by stealing their wealth and giving it to those who haven't earned it?
Labels: Brad Wall, NDP, Saskatchewan
posted by Louise at 6:13 am
5 Comments:
Trickle-down economics is a derogatory term that refers to economic theories that go something like this:
You shouldn't tax the rich very much because they will reinvest and spend their money. Thus the poor can be put to work and sell things to the rich.
In general the term refers to the systematic preferential treatment of the rich as compared to the poor. One major North American fact is that capital gains taxes and corporate taxes are generally MUCH lower than income taxes for the middle class. Thus the middle class often ends up paying a higher percentage of tax than the rich. Canada has similar issues to the US in this regard. Here is a US-based example: http://www.timesonline.co.uk/tol/money/tax/article1996735.ece
"Thus the middle class often ends up paying a higher percentage of tax than the rich."
Oh gasp!! How horrible!
There is no such thing as a trickle down effect. Nor would we want to encourage one.
What there is, and what economic policy should try to support, is a get up off your behind and get to work effect.
When business is booming, and the rich are getting richer, it is because the rich are working harder. This option is open to anyone who wants to see some of the wealth trickle into his savings account.
"...it is because the rich are working harder."
And smarter and taking far more risks than the poor do.
Personally, I think it makes perfectly good sense to put the highest rate on the largest group. You'll raise a lot of money that way.
And leave the risk-takers alone, cause they are, after all, risk-takers, and get their thrills out of making big leaps into the unknown in the hope of cashing in big time. Such behavior should be rewarded 'cause lord knows no one is around to pick them up and help them dust themselves off if they fail.
Mind you, the burden on the middle group shouldn't be too onerous, either. After all, they need to have enough moola at the end of the day to pay for the goods and services all those other folks are creating.
All of which is a good reason to keep the NDP on the sidelines for at least another generation.
Oh, and jealousy disguised as punishment disguised as economic policy is just plain stoooooopid.
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