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Trickle down economy does not work. You are so naive to think employers would pay top dollar and hire more employees. They will still go overseas because labor is so much cheaper. This tax plan should have been designed for the middle class and not the 1%
I swear. I see you as reading the beginning of a post, getting upset (and then not bothering to read the rest of the post), going to some talking points file you have on your computer, and then cutting and pasting talking points from that file as your reply. The post you were replying to above happened to mention bed and breakfast places, and also pizza parlors. Bed and breakfast places and independent pizza parlors can't take their operations "overseas because labor is so much cheaper" .
Trickle down economy does not work. You are so naive to think employers would pay top dollar and hire more employees. They will still go overseas because labor is so much cheaper. This tax plan should have been designed for the middle class and not the 1%
completely off topic in the specific discussion to the poster you was responding to.
but kudos for trying to push the liberal narrative crap of tax cuts to the 1% only.
Trickle down economy does not work. You are so naive to think employers would pay top dollar and hire more employees. They will still go overseas because labor is so much cheaper. This tax plan should have been designed for the middle class and not the 1%
Me and practically everyone I know make our living because of a trickle down economy. It absolutely does work. Around 25 years or so ago they imposed a 'luxury tax" on "toys" for the rich. It put many people out of work. The tax was lifted and an industry started booming again.
I can only see this tax bill helping people like me, just a regular person doing my best to get by in doing assorted side jobs that I love to do along with my career. Pretty much everyone I know is for this bill.
Tens of thousands, if not more, of homes lived in for free by those 5+ years in default on their mortgages.
How do we know $2 trillion in QE went to Fannie and Freddie (without Congressional approval, by the way)? Just look at the difference in the Federal Reserve's H.4.1s:
Nope. That was $2 trillion in QE created by the Federal Reserve, artificially injected into the economy, devaluing the US dollar, and most of the debt backing those MBS will likely never be paid off.
I have never seen trickle down work in my 61 years. There is always hope that it works.
What will happen when money starts to slow down as more and more get trapped in saving and stocks. Not from the bottom of the population, but from the top and corporations.
The Top just gets more in their pockets which will not increase their own spending. As seen when Cohen was in that group of CEO's who said they would not hire more, they will buy back stock and do more M&A. Jobs lost for the middle as the higher paying jobs become consolidated.
" have never seen trickle down work in my 61 years."
Its the one man operations which will be hit the hardest by this bill.
The one man business operations are the majority of small businesses. ( This includes those small businesses who rely on other small businesses and those who employ people off the books, regardless of legality)
I am honestly happy it will help you. But the notion that giving corporations more tax breaks will allow them to hire more people is just BS. They will just line their stock holders pockets with more money. And they will still have their products made overseas because it's cheaper labor. Honestly, how do people not understand this.
Businesses hire people when and more importantly WHERE there is adequate demand for their service/ product. There is an ongoing trend to outsource non core functions to other businesses.
US auto makers have maintained offshore plants for nearly 100 years. It has and will continue to make sense to build where the product will be sold to avoid shipping costs and import taxes. This allows them to compete in other markets.
The number one obligation of senior management at publicly- traded corporations is to increase shareholder value. This is typically done via dividends and/ or stock buy backs. Most of the funds that were repatriated during the Bush Tax Holiday were used to buy back stock, not hire more people.
If the intent was for employers to use the windfall associated reduced taxes to hire more people and/ or increase wages, the tax breaks would have been contingent on doing so.
That the senior management team recieves serious multiples of their annual compensation as bonuses does not necessarily trickle down to the rank and file.
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I swear. I see you as reading the beginning of a post, getting upset (and then not bothering to read the rest of the post), going to some talking points file you have on your computer, and then cutting and pasting talking points from that file as your reply. The post you were replying to above happened to mention bed and breakfast places, and also pizza parlors. Bed and breakfast places and independent pizza parlors can't take their operations "overseas because labor is so much cheaper" 
an industry started booming again.
