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That's nonsense.
I was working in 1970. The young working people of today have much, much more than we did in 1970.
Irrelevant...standards of living rise...this is about gaging the impact of cutting taxes on the rich and seeing if it helps anyone AT ALL besides their own bottom line.
We've been sold a crock of crap - told that if we vote for politicians who work to give the rich tax cuts that eventually the lower classes will benefit as well. It hasn't happened - so let the rich pay what they owe and see to it that they owe a larger percentage of their (largely discretionary income) in taxes.
So the only solution is to take from the wealthiest people and redistribute it to the lower earners so the economy is fairer. Sounds to me like that will make everyone poor except for a few elites who are politically connected. Sounds much better.
What is much different than the Trump tax cut tax cut?
Its called supply and demand. Too many workers (many of which are illegals), and wages stagnate. But you go ahead and keep voting for the open borders crowd so you'll have something to complain about.
Ding, Ding, Ding, we have a winner - especially the last sentence.
Even though their presumed Savior won the election, once his policies erode this country and take it over the cliff, they'll b*tch some more.
They fail to see the connection.
It can be explained to them, but it cannot be understood by them.
Irrelevant...standards of living rise...this is about gaging the impact of cutting taxes on the rich and seeing if it helps anyone AT ALL besides their own bottom line.
We've been sold a crock of crap - told that if we vote for politicians who work to give the rich tax cuts that eventually the lower classes will benefit as well. It hasn't happened - so let the rich pay what they owe and see to it that they owe a larger percentage of their (largely discretionary income) in taxes.
We've been sold a crock of crap the minute they came up with the idea of progressive taxation. The fact that you come from a place where you think that "they owe", is problematic, in itself. Why do they "owe" any more than anyone else?
In my view, they have always paid a lot more than they "owe", while other people pay a lot less. You should be thanking them for their excess contribution, rather than treating them with scorn, and telling them they are not paying enough.
Fairly obvious conclusion given the stagnant wages(despite rising productivity), wealth concentration, and monopolization trends/shrinking GDP share of small businesses.
It did trickle down, it trickled all the way down to China!
That's where the democrats and repubs allowed all of our manufacturing to go.
The unions didn't help either, their demands were so great that the companies told em to f*** off and decided China was ideal, and our government allowed it to happen.
Posting this here is going to fall on deaf ears for those not already in agreement with this fact. Many think trickle down means, your employer pays you money for your job, so that's trickle down. LOL
Well, sunshine. Why don't you tell us your definition of trickle down?
It did trickle down, it trickled all the way down to China!
That's where the democrats and repubs allowed all of our manufacturing to go.
The unions didn't help either, their demands were so great that the companies told em to f*** off and decided China was ideal, and our government allowed it to happen.
Allow??? I clearly recall slavery was abolished. Are we still keeping our people as our pet slaves? Why can't free people do what they want to do?
10 years of Federal Reserve asset buying didn't trickle down... it just pumped up the asset prices and made everyone a bunch of greedy stimulus addicts. Honestly we get more revenue from debt now than actual tax collections in this country so what does it matter if we didn't tax the rich more?
In around about way this thread is more about money velocity and how does the country get more of it. The idea from the right is their trickle down theory of tax cuts which no doubt increase money velocity which is definitely needed in our consumer economy. As Greywolf pointed out correctly there is a limit on that velocity because the rich will only spend so much and the rest ends up invested in stock market and lies dormant as far as velocity is concerned.
Just like all the stimulus we are seeing is about one thing keeping money moving through the economy no matter earned or unearned. You get a lot of velocity when the gvt is handing out 1200 checks to everyone earning 100,000 or less. It does not matter we are running up debt to hold or increase our consumer spending that is what the leaders will do.
With that said which party has the better ideas on money velocity? lets see the {D}s want a increase in the min wage to 15 bucks an hour incrementally. Increasing immigration is their way of more consumers and workers. The party is for forgiving student debt which would put $300 a month for millions into the economy. Infrastructure and investing in green energy should be our future and our country could use a face lift.
On the right let see, tax cuts that mostly favor the wealthy that only so much of it will trickle down.
What a load of wisdom!!!
So robbing people at gunpoint and handing that money to others while keeping a share for yourself is to increase the money velocity????
Your post has zero sense of science, reality, and morality. None whatsoever!
The minimum wage law simply means forcing people at gunpoint to pay above the fair market rate for labor! What a wonderful idea!!! Democrats have always been slave owners, and nothing has changed.
Forgiving student debt is robbing people blind.
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