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You are absolutely 100% correct ... and not just theoretically correct, we have been down this path before. The 'trickle-down' theory does not work as claimed.
In fact the last time it was tried it launched the great growing wealth gap ( which people are so angry about but don't really understand) and froze the growth of the middle class dead cold.
Here we go with round two of that same nonsense ...
My company was one that handed out $1000 bonuses. Fortune 500 Company; top 100 companies to work for. We just laid off about 400 people in December and have now been advised as of last week ~ to expect that trend to continue.
My workload has already tripled since last May and they just tightened the guidelines in our evaluation process - meaning it will be incredibly difficult to qualify for a raise next year.
So - NO. Those great big tax cuts are NOT going to trickle down.
Quote:
Originally Posted by Rambler123
Corporations - as the right so loves to remind us - are not in the business of "hiring people." They are in the business of making money. Unfortunately for them, they still need to hire people to do that. At least Republicans made the "making money" part easier by handing them huge amounts of it for doing nothing. No wonder the layoffs are starting to roll in... you don't need as many people to make money when your bought stooges in the government will give it to you for free.
See my post above. Layoffs are coming in my VERY profitable in my Fortune 500 Company.
Warren Buffet announces that with the Republican changes in tax policies, his company has benefitted to the tune of an extra $29 billion dollars. So much for Trump's con-game of caring for ordinary Americans. The GOP still only looks to help the rich and their corporations.
Corporations - as the right so loves to remind us - are not in the business of "hiring people." They are in the business of making money. Unfortunately for them, they still need to hire people to do that. At least Republicans made the "making money" part easier by handing them huge amounts of it for doing nothing. No wonder the layoffs are starting to roll in... you don't need as many people to make money when your bought stooges in the government will give it to you for free.
We are close to full employment and this working stiff expects to have more than 50% of his retirement income derived from stock sales. When stocks prices increase so does the wealth of a large percentage of Americans.
You live in some strange world where only the wealthy own stocks.
My company was one that handed out $1000 bonuses. Fortune 500 Company; top 100 companies to work for. We just laid off about 400 people in December and have now been advised as of last week ~ to expect that trend to continue.
My workload has already tripled since last May and they just tightened the guidelines in our evaluation process - meaning it will be incredibly difficult to qualify for a raise next year.
So - NO. Those great big tax cuts are NOT going to trickle down.
See my post above. Layoffs are coming in my VERY profitable in my Fortune 500 Company.
How is it possible for your work to triple if you were doing 40 hours of work a week to start with? Are you putting in 120 hour weeks?
Well, Clarabell, you have two choices. Spend your time on the internet complaining. Or learning about investing. I can assure you Warren Buffett gives no time to worrying about the things constantly harped upon.
Be an owner, or be owned. It is really that simple.
Quote:
Originally Posted by Clarallel
Warren Buffet announces that with the Republican changes in tax policies, his company has benefitted to the tune of an extra $29 billion dollars. So much for Trump's con-game of caring for ordinary Americans. The GOP still only looks to help the rich and their corporations.
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