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5/12/2016 2:35:25 PM
1
I skimmed but really no evidence? You're an idiot how about the 80s? How about even during the first bush and clinton when it was still effecting the market to some degree. No it created the biggest boom in us history uder reagan unemployment was at record lows. It works like this, cut taxes on everyone but especially cut taxes for the investors, then cut away the red tape the huge regulations saving said investors tons of money then they invest more creating more jobs. Cutting the taxes of everyone else plus having those jobs available makes people spend more booming the market. Cutting the red tape also allows auntrepenuers to be able to create new products that eventually creates more jobs. It's called creating an environment to give incentives for economic growth. It's called the free market it's called unleashing it and letting do what it does best instead of holding it back with the grasps of government. India is a great example where this was proven as well
https://youtu.be/D7jZUIe7KoQ
Wake up dumbass
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Yet, look where it's gotten you now, an ever shrinking middle class, the wealthy own a bigger portion of wealth since the 1920s, the biggest banks own up to 60% of GDP in assets meaning their failure has the potential to doom the entire world economy as it already has, higher rate of childhood poverty than other developed nations, list goes on. Here's what you also misunderstand about the free market, people have come to believe this notion that we have a critical choice between the private sector (free market) and government. Here's the problem, the free market does not exist in nature, it is not this entity that flows and works on its own and is disrupted by regulation. The free market is a set of rules, guidelines to be followed, all created and enforced by government. Elected officials, agency heads and judges make the rules and sometimes change them. They all create the market, and the real issue is who the rules benefits, who it hurts and who has the most influence making them. For example, the market gives bankruptcy protection for big corporations and billionaires, allowing them to shed their debts, including labor contracts, but no bankruptcy protection for college students overburdened with student debt. Trade agreements protect the intellectual property of large corporations, but they don't protect the accumulated skills of workers. Big Wall Street banks are bailed out when they can't pay back what they owe, but not homeowners when they can't meet their mortgage payments. American industries are allowed to consolidate into massive oligopolies and near monopolies, big cable, big pharma, major airlines, giant health insurers, big banks, big agriculture, giant retailers like Walmart, but workers who want to join together in trade unions face all sorts of obstacles, they're fired with impunity, and more states adopt so called "right to work" laws that undermine unions. These are some of the rules of the so called "free market", if the rules of democracy were working as it should then the rules would help the people, instead, as income and wealth is concentrated at the very top for the last 40 years, so has the power the make the rules of the market by influencing politicians, regulatory heads and even the courts, and the lawyers that appear before them, all with the result that the market is rigged for the benefit of the few.
