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It's the GOP that does this? How are the Democrats explaining NAFTA and all the outsourcing that took place on their watch? How do they explain that to union people who have supported them for 30+ years?
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It's the GOP that does this? How are the Democrats explaining NAFTA and all the outsourcing that took place on their watch? How do they explain that to union people who have supported them for 30+ years?
NAFTA was negotiated by GHW Bush (a republican)
In the House of Representatives 132 Republicans and 102 Democrats supported NAFTA, and Senate supporters were 34 Republicans and 27 Democrats (more republicans supported NAFTA than democrats.)
And the democrats just tried to end tax breaks for corporations that outsource jobs, and this would have potentially brought millions of jobs back to America (but the republicans opposed ending those tax breaks.)
Not a single tax cut in the world doesn't benefit the rich.
In demand products and services do not stimulate the economy, not at all. I came from a communist country where everything was in dying demand, from toothpaste, toilet paper to TVs. Even if someone had money to buy them, they weren't available for purchase. It's simply because there's no capital or investment to produce, transport, distribute those products and services.
Being from a communist country must give you a very unique perspective on America's economic matters.
May I ask what country you are from???
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When rich people have extra money, they invest it. Again, it's the investment that stimulate the economy, not the demand. One can have the best of the best innovation in the human history, no way in hell that person can make the innovation available to everybody without investment.
I see your point and perhaps investment is a very important part of America's economy.
But is there any evidence that America's wealthy citizens do not have enough money to invest?
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What do you mean "give the poor people more money"? Rob the rich to pay the poor? That's communist, no? The poor people need to learn how earn more money.
Considering your perspective on America's economic matters, I will not argue your above logic (and in many ways I agree with what your saying.)
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Being from a communist country must give you a very unique perspective on America's economic matters.
May I ask what country you are from???
The unique perspective is that I absolutely detest the left because everything they said, income equality, the evil rich, the virtuous poor etc. were all I have heard growing up.
The left or the communists use those terms to confuse the mass and to justify their violence against the people who earned their money legally.
Millions died because of communism. It's sad to see communism is happening in America.
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Originally Posted by chad3
I see your point and perhaps investment is a very important part of America's economy.
But is there any evidence that America's wealthy citizens do not have enough money to invest?
Absolutely. Just take me for example and I am not remotely "rich." I am at the 25% federal tax rate, and I pay more taxes than many Americans make in a year. If I don't have to pay that 25%, where would I spend the extra money? I'd put in stock market, mutual funds, pay down another property, or fund some pet projects. Maybe one of my pet projects can become the next Apple. Who knows?
Rich people do this in a much grand scale. I have rich friends buying rental properties. That's a lot money invested and trickled down to other people.
Please also keep in mind that 90% of rich people lose their wealth after 3 generations. It's not the rich keep getting rich and the poor stay poor.
Steve Jobs was nobody; Warren Buffett was nobody; Bill Gates was nobody etc. The list goes on and on.
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Originally Posted by chad3
Considering your perspective on America's economic matters, I will not argue your above logic (and in many ways I agree with what your saying.)
Chad.
Again, we should try to help the poor people to earn more money, but not to tax the rich so that they can be poorer.
Communism or socialism has been tried and failed miserably with tens of millions of death.
It's not a logical argument. It's a moral argument. How is violently taking money from one group of people, who have earned the money legally, and giving to another just because they are breathing is in any way moral, just and fair?
The unique perspective is that I absolutely detest the left because everything they said, income equality, the evil rich, the virtuous poor etc. were all I have heard growing up.
I never knew that communist countries said those things about rich people.
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The left or the communists use those terms to confuse the mass and to justify their violence against the people who earned their money legally.
Millions died because of communism. It's sad to see communism is happening in America.
America's democrats do not hate rich people. Most of America's democrat politicians are multimillionaires, and billionaires like Warren Buffet are highly respected by democrats (so much that democrats name laws after them.)
Absolutely. Just take me for example and I am not remotely "rich." I am at the 25% federal tax rate, and I pay more taxes than many Americans make in a year. If I don't have to pay that 25%, where would I spend the extra money? I'd put in stock market, mutual funds, pay down another property, or fund some pet projects. Maybe one of my pet projects can become the next Apple. Who knows?
The democrats main problem with wealthy people is millionaire/billionaire CEO's who pay lower tax rates than many middle class Americans. And these billionaire CEO's got their low tax rates because of the campaign money they give republican politicians. And these millionaire/billionaire CEO's pay 14%-17% tax rates.
Rich people do this in a much grand scale. I have rich friends buying rental properties. That's a lot money invested and trickled down to other people.
My cousin and his wife are worth $50 million dollars. My cousin is a medical doctor/businessman and he has mining. rental property, and offshore shipping businesses. And my cousin creates many jobs in multiple areas, but my cousin suffers more from republican tax policies than any other group of Americans.
My cousin is not a CEO and he is in a 39% tax bracket (while the CEO's who finance republican politicians are in a 15%-20% capital gains income tax bracket.)
And other Americans like NFL football players have 49% tax rates (but you never see republicans offended by our NFL players paying 49% tax rates, instead republicans defend and protect our CEO's low tax rates.) https://smartasset.com/taxes/NFL-jock-taxes
Republicans do not talk about or enact tax policies that are fair to all Americans. Instead they desire tax policies created by corporate think tanks, and these corporate created tax policies do not take into account things like fairness, government revenues, or our deficits and debt growth (these tax policies only desire lower corporate and CEO tax rates.)
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