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| 17 Apr 2014 08:40 AM |
| Do you believe that the idea of wealth just trickling down from rich to poor is legitimate? |
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0Z0NE
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| Joined: 25 May 2010 |
| Total Posts: 7951 |
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Redsoxs4
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| Joined: 15 Jun 2011 |
| Total Posts: 17324 |
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| 17 Apr 2014 08:42 AM |
| I believe that if you have the strive to work and be successful, there is a good chance you will be. Though, most rich people are philanthropists. |
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Riducule
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| Joined: 18 Jul 2013 |
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| 17 Apr 2014 08:45 AM |
| That's not really how capitalism works. x2 |
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| 17 Apr 2014 08:51 AM |
I know next to nothing about trickle-down economics, actually. But from what I'm reading, instead of having a hands-off approach to the economy, the government specifically favors the rich, giving tax cuts and other benefits to big business. I'll continue reading about it, but it doesn't seem like something a libertarian or a laissez-faire capitalist would advocate - rather, they would just take the government's hands off of the economy as much as possible, instead of just shifting the benefits to the rich.
I found this article on the subject:
http://beforeitsnews(dot)com/libertarian/2012/10/free-market-advocacy-and-the-myth-of-trickle-down-economics-2462190(dot)html
Again, I don't know much about it and I haven't formed a solid opinion on it. But currently, I'm leaning against it. |
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0Z0NE
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| Joined: 25 May 2010 |
| Total Posts: 7951 |
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| 18 Apr 2014 03:55 AM |
| Sorry, it was just a question addressed to capitalists because some capitalists say they believe in it. I know its not part of capitalism, should have rephrased xx |
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