Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
The money corporations used to pay in taxes will be used for business expansion,
Businesses expand when they have a new in demand product or a new customer base (not because of having extra profits.)
Quote:
hiring more people
Businesses hire more workers when they get more customers and increased sales (not because of having extra profits.)
Quote:
and raising wages,
A workers wage is based on their skill level and the number of available workers able to fill that job (worker wages are not based on a businesses extra profits, and businesses have an intensive to pay workers the least amount possible.)
Quote:
thus increasing tax revenue (both corporate and personal income).
A businesses income and tax revenue increase when they get more customers and sales. And tax cuts for low income and middle class Americans increase consumer spending and then increase the profits for businesses (thus increasing business tax revenues.) And increased consumer spending causes businesses to hire more workers to handle the extra sales (thus increasing individual tax revenues.)
Trumps tax cuts increased workers after-tax income by 0.8% and increased middle class income by 1.5% (while increasing the richest 0.1% of Americans income by 14.2%.)
Do you believe a 0.8% - 1.5% increase in consumer income/spending will have drastic effects on increasing businesses income (and drastic effects on increasing tax revenue) ??
The money corporations used to pay in taxes will be used for business expansion, hiring more people and raising wages, thus increasing tax revenue (both corporate and personal income).
You mean like this ?
"According to research firm Birinyi Associates, share buybacks are at a record-high for this point of the year and more than double the $76 billion that Corporate America disclosed at the same point of 2017.
Goldman Sachs has estimated S&P 500 firms will return $1.2 trillion to shareholders via buybacks and dividends in 2018, increasing share buybacks by 23 percent to $650 billion this year."
Businesses expand when they have a new in demand product or a new customer base (not because of having extra profits.)
Businesses hire more workers when they get more customers and increased sales (not because of having extra profits.)
A workers wage is based on their skill level and the number of available workers able to fill that job (worker wages are not based on a businesses extra profits, and businesses have an intensive to pay workers the least amount possible.)
A businesses income and tax revenue increase when they get more customers and sales. And tax cuts for low income and middle class Americans increase consumer spending and then increase the profits for businesses (thus increasing business tax revenues.) And increased consumer spending causes businesses to hire more workers to handle the extra sales (thus increasing individual tax revenues.)
Trumps tax cuts increased workers after-tax income by 0.8% and increased middle class income by 1.5% (while increasing the richest 0.1% of Americans income by 14.2%.)
Do you believe a 0.8% - 1.5% increase in consumer income/spending will have drastic effects on increasing businesses income (and drastic effects on increasing tax revenue) ??
Though consumer spending is an important factor, it isn't JUST consumer spending. The world economy is another important factor that Trump supporters seem oblivious about. Simply consider all the business America does overseas and how important world trade tends to be for us as well. The world economy was doing well too, well before Trump stepped into the picture, and here too we can only hope Trump will do the right thing despite all appearances. All we really had to do is not screw things up!
"China’s stock market is still the world’s worst performer since January -- losing nearly enough value to wipe out the combined market capitalization of Brazil, India and Russia. Losses in China have largely been fueled by concerns over trade and economic growth, but the rout accelerated this month amid a wave of forced selling by leveraged investors. About $600 billion of Chinese shares have been pledged as collateral for loans, leaving their owners vulnerable to margin calls as prices sink."
I really have to wonder if Trump's version of "winning" with China is something else altogether, because we all lose if China is brought to its knees economically...
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
