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Old 12-30-2017, 09:31 AM
 
Location: Morrison, CO
34,231 posts, read 18,575,619 times
Reputation: 25802

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Quote:
Originally Posted by legalsea View Post
Goldman Sachs gives such bonuses to bribe their top executives from leaving. Remember TARP bailouts for Goldman et al?

Bailed-out banks gave millions in exec bonuses, NY AG report shows - ABC News

They got heat for such. However, in 2016 they were again paying out 3+ Billion in bonuses:

Bigger bonuses may be back at Goldman Sachs - Oct. 18, 2016

I believe that Mr. Trump has retained a surprising number of former Goldman Sachs people for his administration. I guess the best way to 'drain the swamp' is to bring the swamp into your home.
Goldman Sachs are largely Democrat supporters, and LIBS in the Jon Corzine mold. Goldman was huge Obama, and Hillary supporters with huge donations to both.

Last edited by Pilot1; 12-30-2017 at 09:57 AM..
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Old 12-30-2017, 09:34 AM
 
Location: Blackistan
3,006 posts, read 2,629,648 times
Reputation: 4531
One anecdote doesn't mean it's working. We're going to need macro level data to see whether or not it's working, and that takes time.

Also, there's no precedent of "trickle down" actually working as intended. We can wait for the data, but history is working against it.
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Old 12-30-2017, 09:41 AM
 
Location: Austin
15,632 posts, read 10,388,492 times
Reputation: 19524
Quote:
Originally Posted by le roi View Post
no, it would be good, it just wouldn't be a vindication of their policies, since it was a foregone conclusion.
so, if the economy improves consistently and workers take home pay improves in the next few years, it is "a foregone conclusion". there is no further discussion with you if you hold this mindset. credit will not be given to republicans if the tax bill does these things as, you say, these results were inevitable.
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Old 12-30-2017, 09:41 AM
 
Location: Morrison, CO
34,231 posts, read 18,575,619 times
Reputation: 25802
Poor people don't create jobs, but they do have the ability to go to work for an expanding, or start up company. Rich people invest in private businesses to get RICHER. They create jobs, and buy expensive items that are made, repaired, and maintained by laborers, technicians, tradesmen, and engineers.
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Old 12-30-2017, 09:46 AM
 
22,768 posts, read 30,730,722 times
Reputation: 14745
Quote:
Originally Posted by texan2yankee View Post
so, if the economy improves consistently and workers take home pay improves in the next few years, it is "a foregone conclusion".

credit will not be given to republicans if the tax bill does these things as, you say, these results were inevitable.
correct

Quote:
Originally Posted by texan2yankee View Post
there is no further discussion with you if you hold this mindset.
bye.
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Old 12-30-2017, 09:48 AM
 
Location: Crooklyn, New York
32,101 posts, read 34,714,145 times
Reputation: 15093
Quote:
Originally Posted by fibonacci View Post
Yes, working so spectacularly that AT&T is giving out pink slips after trickling down the economic benefits:

AT&T workforce stricken with over 2000 layoffs U.S-wide days after $1000 tax reform bonus check
They're just making space for all of the high six-figure jobs they're preparing to add to the economy.
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Old 12-30-2017, 09:51 AM
 
Location: Homeless
17,717 posts, read 13,533,813 times
Reputation: 11994
Quote:
Originally Posted by Pilot1 View Post
Poor people don't create jobs, but they do have the ability to go to work for an expanding, or start up company. Rich people invest in private businesses to get RICHER. They create jobs, and buy expensive items that are made, repaired, and maintained by laborers, technicians, tradesmen, and engineers.


Yes your right but those job are ALL overseas and will stay there. You mentioned Goldman Sachs in another post, Trump hired Steven Mnuchin of Goldman Sachs and others.




Trump hires yet another Goldman Sachs banker - Mar. 15, 2017


"I know the guys at Goldman Sachs. They have total, total control over him (Ted Cruz). Just like they have total control over Hillary Clinton," Trump said in February 2016.




Trump's latest Goldman hire is Jim Donovan, a two-decade veteran of the Wall Street bank, who was nominated to the No. 2 position at the Treasury Department on Tuesday.


They go where they money goes which once AGAIN shows that there is no difference between the two parties.
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Old 12-30-2017, 09:52 AM
 
Location: New Jersey and hating it
12,199 posts, read 7,223,380 times
Reputation: 17473
Hate to burst your liberal, anti-Trump bubble but Goldman Sachs and all investment banks have always been giving out year end bonuses. It’s the cost of business in that industry, to retain and award the best and brightest, who otherwise may go over to another company.

This has been the practice for as long as I can remember and I am in my mid 40’s under all presidential administrations, including your Obama, who BTW goes to NYC regularly for his speeches and “fund raising” to the Wall Street crowd.
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Old 12-30-2017, 09:52 AM
 
2,212 posts, read 1,073,926 times
Reputation: 1381
Quote:
Originally Posted by fibonacci View Post
Yes, working so spectacularly that AT&T is giving out pink slips after trickling down the economic benefits:

AT&T workforce stricken with over 2000 layoffs U.S-wide days after $1000 tax reform bonus check
AT&T has a history of structured layoffs. Just google that and you'll see they do this regularly.
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Old 12-30-2017, 09:54 AM
 
Location: Crooklyn, New York
32,101 posts, read 34,714,145 times
Reputation: 15093
Quote:
Originally Posted by le roi View Post
the economy is already growing, it has been for years. a rise in GDP and jobs is expected. its part of the business cycle and would be the case regardless of the tax cuts.

the test, in my view, is the labor market, wages, and deficit in the next 3-5 years. I expect GDP to rise as global corporations become more wealthy, what I want to know is whether Americans at-large will benefit from that GDP growth.
I've never heard anyone explain how a cut to the nominal corporate tax rate will stimulate investment considering the low effective tax rate corporations actually pay. The release of the Paradise Papers showed us that some large corporations are paying an effective tax rate of 0%.
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