HarthorneWingo wrote:I'd love to hear from a republican here on what your economic plan for this country is? How will you help bring back a vibrant working and middle class? How will you get middle and working class wages back up so that we can go back to driving this economy like we did in the 50s (when there was a 90% marginal tax rate on income over $400,000).
All I hear from republicans are tax cuts, immigration hate, and 2nd amendment. Tell me what I'm missing.
basic trickle down economics from my stand point. Basically in a capitalistic society big business and owners of small to mid size companies run the economic ups and downs of this country.
Being realistic whether most like it or not, most of the wealthy got wealthy and stay wealthy because they have a certain level of income and lifestyle they live. If you are start effective there economic wealth all they will do is try and hold onto as much as they can. If you give businesses and the people that run those business certain tax breaks and other benefits the backside of that the business usually are thriving which stimulates growth and with growth comes raises for employees (in this case, what we would call the middle class) and well has new hires.
From personal experience I live a comfortable life with my wife. I work in finance and she is a teacher. We would probably be classified as a upper-middle class family. So in terms of lifestyle we are thinking about starting a family soon, everyone has there expenses...mortgage/rent, car/lease, miscellaneous bills (especially if you are a home owner), saving for retirement, and saving for your kids college. Combining all those your net income has to exceed your net expenses.
So for example this year my company is having a good year the business is growing I got a decent raise which means we can extend past our "normal" spending. Meaning vacation(s)/going out to dinner more often, buying more stuff.
On the other side if businesses aren't doing well companies cut spending...the first thing companies usually look at is overhead. So minimal raises no new hires...so on and so forth. The people making the most money are the decision makers and if they are happy maintaining there life style that will then effect the company better which will in turn help the middle class more and allow them to spend more then there normal bills.
Sorry for the long winded response its the only way I could actually project my thoughts. I don't really like to get into political discussions but as far as the economics side as being in the workforce and in finance...the majority I see is that the people running the companies in a capitalistic society tend to lean towards the trickle down economics. The minute your start hurting there bottom line they will start hurting the middle classes and so forth and so on.