Thanks to the public education system your ilk made, we’ll have to contract it out anyway.
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Don’t deflect to the schools. The American labor force has a 2 generation experience gap because you guys just let infrastructure rot at every opportunity. China didn’t.
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Are you referring to reducing regs, that eventually crashed the economy in 2008?
What Insurance company will cover a Nuclear plant?
Does that also apply to Pharmaceuticals? Many, if not most research done in that field is at universities, funded by government. Once a drug has a potential to be viable, it is handed over to the private sector to develop further.
Of course some of that funded research does not come up with a viable “product”. This applies to more than just Pharma.
Regarding another project Government originally funded:
According to recent data, the internet has created a massive amount of commerce, with global e-commerce sales currently exceeding $6 trillion annually, representing a significant portion of overall retail sales worldwide, and is expected to continue growing rapidly
From 1945 to 1981, we primarily practiced Keynesian economics. During this timeframe, the economy grew at a steady rate, and the wealth generated was more equitable for more people.
When we went to Trickle down, the deficit exploded, and the those that benefited the most were the very wealthy.
Keep in mind, in 1981, there was one billionaire in the USA, now there are over 800.
Looking at other economies among 1st world countries, the wealth gap is much smaller, and yet their economies continue to grow, at a similar pace as ours.
They did not get on the trickle down band wagon…
Why?
Do you not believe a wealth gap exists? Or that it does not matter?
How do you substantiate that claim? GINI is not a key indicator? We rank
There is wealth inequality and income inequality.
“Deflect” to schools? 
Where it starts?
“You guys”? Who do you mean?
Amazing.
What?
And here we have been told it’s big pharma. If the universities are doing the research on the governments dime, why do the pharma companies get to patent the new drugs? Answer, because it is them that is doing the R&D, and paying for it.
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There are currently 54 nuclear power plants still operating in the U.S. The are covered by insurance.
Once again, government regulations make it prohibitively expensive to build new nuclear power plants in the U.S. Insurance coverage isn’t a factor.
That is a topic for its own thread. I’ve participated in a couple of those over the years.
Trickle down that is targeted towards wealth that is generated by activities that actually lead to legitimate economic growth can indeed be good.
However what happened all too often in low tax, low regulation economies was the rise of rent-seeking activities…that is, wealth generation gained solely by owning as opposed to innovating.
Find a way to de-incentivize rent-seeking and incentivize actual economic growth activities, and a mix of supply side and targeted government investment for those goods and services which are essential but would never be provided by profit-seeking enterprises, and now we’d be getting somewhere.
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The wealth gap will, without a doubt continue to grow.
It works as follows:
THIS
An investor buys a $60,000 pick-up truck and a $20 shovel for a construction worker.
THAT
A shovel won’t cut it anymore. The investor needs to invest in new technology. so instead of buying a $20 shovel he buys a $200,000 backhoe.
A pick-up won’t haul that around so, now he needs a $200,000 commerical truck.
THIS IS NOT THAT
—> I don’t know how they are gonna split the money now, I know that the worker will get more than before and the investor will get more than before, but I guaranatee you they will no longer split it 50/50.
→ The worker is still putting in a 8-hour day and he is getting paid more.
→ The investor is no longer investing $60k per worker per day. He is now investing more than 6 times that.
.
.
.
The wealth gap will continue to grow,
and it’s not because rich people are greedy,
and it’s not because Ameica is broken,
and it is not because Donald
Trump hates puppies.
It is in avoadable function of technology.
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The term “Trickle Down” economics was coined by Democrat Senator (and famourorator) Will Rogers.
He used the term as a pejorative to deride depression era policies of bailing out banks.
Of course we are allowed to change the language, but used properly,
in its original form, it described bailouts not tax cuts.
It was a call for less government, not more.
(Democrats sure believed some funny things in those days.
Today’s Democrats would hate them.)
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I should have qualified my statement. I’m well aware of the GINI. I’m also well aware that there is wealth and income inequality.
I should have said the weight given to wealth and income inequality is greatly exaggerated by LIBs. In other words, I believe the LIBs have created an issue where none exists.
So, the discussion centers on its significance or non-significance. I apologize for the confusion.
What does “income inequality” mean? Should me a Gates be making the same?
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No, they won’t.
