Ah, yes, Trickle-UP economics...?
829458
You have a very good point.  I will have to throw a wrench in the works of your sarcasm though.  If the supply of workers who would submit to such cuts was lower, the frequency of this occurring would also be much lower.  \n\nI'll play devil's advocate for a second.  My response is a little tongue in cheek.\n\nAre these things you mentioned constitutional rights?  Should a company be forced to provide me with a bonus above and beyond what they have agreed to pay me?  Anything we agree upon is the only thing they should be bound by law to give me.  If I agree to continue to work for a company that engages in such practices then I am indirectly submitting to the change.  I become one more worker in the labor supply that will accept such practices.  Thus raising the equilibrium quantity and allowing the process to continue.  In many other countries the government forces companies to do many of the things you said.  Unemployment is much higher in those countries.  \n\nWhat if, because of the new cuts, the company is able to hire new labor that may have otherwise remained unemployed?  Does that not give a benefit to society?  What if the increase in this practice raises the GDP and because of that the government becomes more profitable and does not raise taxes or even lowers taxes (Gasp lol which they rarely do). \n\nThe real question we need to start asking ourselves is: “What is the goal of a healthy economy?”  If it is to grow like a blob and become a Juggernaut at the expense of labor then we are well on our way  :D  OR is the point of a good economy to provide a better standard of living (not just higher pay) for the people who live in that country.
658852
Where did you get that thought. I have studied Economics and there is nothing that says it is beneficial to an economy if a few people hold greater wealth.
419655
Hopefully soon. Everything is going up except wages. People can not afford to pay bills and eat too. Utility bills have more than tripled, gasoline has even done more than that, groceries are high, but people can not afford hardly anything if they are working for minimum wage. It's terrible that our country can help other countries but can not and will not help their own. Unemployment is higher than it has ever been and the only people making good money are politicians, people in the entertainment business, and the people who already have it. I don't see things getting any better soon. I just wish there were a way to open the eyes of the people who could change the problems that the lower and middle income people face.
594235
Don't you remember trickle down economics?  The rich get the gallon sized tax cut, and it trickles down to drops for us.\n\nRepublicanism is the protection of wealth for the wealthy.
536653
Isn't that economical majors?
111332
Here we go again.\n\nFunny how the top 10% of all the income earners in the US still pay 90% of the taxes. But we, once again, hear the typical spew from the lib answerers about taking money from the poor or the middle class. Hell, if ANYTHING it should be the middle class and the wealthy to complain that we are in a punnishment tax system, where the wealthy pay more of a percentage than everyone else. (As you can tell I am a proponent of the flat tax system, with no loopholes or deductions, everyone paying the same percentage)\n\nBut as for what this administration/party has helped do. The economy is in a slow growth cycle, enabling workers to find new jobs, companies to prosper more (providing more chances at advancement), and small businesses to take a chance and thrive again with the increased power of spending. Thank GOD this is not another sudden boom movement like in the 90's, resulting in the inevitable market and economic correction.\n\nReduction in tax rates to have more $$$ in the pockets for those that earn it (notice I did not say more money given to those who feel the government OWES them a living)\n\nIncreased defense efforts to help secure this country more than what it was before. Still much more to be done, but this is better than cutting defense like some other President that can easily be named.\n\nTried to put more control over retirement funds back to the individual, instead of being controled by an outdated and failing Social Security system. I still have hope that this will happen in some form in the future. Again, the government is not responsible, and should not be responsible for the monetary well being of any individual that is not employed by that government.\n\nThe list can go on. But many of the uber-libs will continue to have it go in one ear and out the other, per usual.
443986
What scarcity of jobs, the economy is just booming, just ask any repuglican, you are one of them to lazy to go to work like they say. Isn't it a shame that in America, in a time of war that there are people that can't find jobs. It is supply side economics that is causing it. Give a tax break to a rich person he will eat for a day but give anything to the poor and it is because they are no good.....
557494
you are getting some great answers here. yes did know that and though the richer people will get more money in their pockets the average person will get a greater percantage of it. facts are alot harder to argue  againtist.
1152683
The truth is that they believe it will eventually help everybody (trickle down economics).  If the rich pay less taxes, they have more money to better their businesses or make more businesses, thus creating more jobs.  Unfortunately it doesn't work because the rich "generally" are selfish and may make more jobs but refuse to pay a decent wage for any of them unless absolutely forced to (something most Republicans are loathe to do because then they lose the votes of the rich).
1107462
At least you  have thought intelligently about how we middle class citizens can survive with all the burdens that hard work costs us personally!  It's a pretty innovative concept, but you are over-looking the fact that this possible solution would effect the wealthier portion of our population and really what does wealth go hand in hand with.........?.....\nPOWER, my friend...the rich would never allow such a solution!  Keep brainstorming.....perhaps a workable idea to save the debacle our government calls "retirement"...........We pay and pay and research shows that our medicare/retirement benefits (which enable us to dine on dog food) will virtually become non-existent before too long!!
207696
Yeah, people are doing it anyhow...might as well make spread the wealth.
89253
besides putting our wallets further into the red, I am not sure. It doesnt sound like its going to be something the "average joe" is going to be able to do... its going to be for the wealthy to find a way to take it off as a tax write off.
128754
I don't think so. The only thing that leads to economic prosperity is if people continue to produce more and more.
1089112
Socialism. Trickle down economics has put more people in the poor house than it has helped. When money is the ruler of the country you only get what you pay for. Corruption, greed, and scandals.
996710
Different economic philosophies - the bush/reagan philosophy of "trickle down economics" says that if minimum wage is low and taxes for the rich are low then the rich people will invest more and grow their businesses faster and more people will have jobs. If a company has to pay more for their workers, they would be forced to hire less workers, thus producing less and then americans would buy more foreign products, hurting our economy.\n\nThis of course is countered by the opposite philosophy which says that (aside from the humanitarian issue of forcing a minimum wage earner to live on $10k/year) the more money people make, the more they will spend thus growing the economy.  \n\nI agree with the latter philsophy, since i think that trickle down is b.s. - just graph minimum wage vs. CEO pay and you'll see how many workers you could hire with the excess of a CEO's salary (approx $40k/day).  but if you wanted to find definitive proof that one is "better" then the other you'll be fresh out of luck because you can warp statistics to spin both ways.
282480
Yes, economic exchange theory.  Otherwise known as "money".  Although, I guess even that has its detractors...
272978
Generally the benefits fall to the taxing authorities. It's a political ploy to garner votes and appear concerned for the "working class". When wages go up, prices go up because demand goes up. Simple Econ 101.  The people who truely don't get it also believe in the lottery, publishers clearinghouse and government aid. They've never heard of Newton's third law. Their best comeback is "you're stupid"