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If many Republicans are able to fall for the big lie of voter fraud then they will fall for anything. Right-wing propaganda has been parroting the opinions of the economic elite in this country for decades. The grand illusion is that tax increases for those doing insanely well in this economy will hurt ordinary Americans. The economic elite are such a small population but have so much power and influence over the population, and they are constantly trying to grab more power and influence....and Republican voters keep giving it to them.
Did you read my post on the lessons of the 1990s Luxury Tax's spectacular FAILURE?
Having the tax cuts helped us hire more employees, the economy tanked because maybe because of businesses being shut down, tough to sell and tougher to buy, save and spend when you are laid off.
When those tax cuts went live, unemployment was at 4%.
Business owners didn't have those tax cuts before... and unemployment dropped steadily from 10% in October 2009 to 4% in December 2017.
Those tax cuts might have bought us an extra 0.5% drop. It wasn't needed. If business owners were happy to hire people without tax cuts until unemployment was at 4%, I don't see what this did other than to line their pockets.
You know when those tax cuts would have been nice? Now. Some nice shiny and new tax cuts when the economy needed it. We didn't need it then. We need it now. But, it was already baked in and won't do us a lick of good now.
When those tax cuts went live, unemployment was at 4%.
Business owners didn't have those tax cuts before... and unemployment dropped steadily from 10% in October 2009 to 4% in December 2017.
Those tax cuts might have bought us an extra 0.5% drop. It wasn't needed. If business owners were happy to hire people without tax cuts until unemployment was at 4%, I don't see what this did other than to line their pockets.
You know when those tax cuts would have been nice? Now. Some nice shiny and new tax cuts when the economy needed it. We didn't need it then. We need it now. But, it was already baked in and won't do us a lick of good now.
Wait, they didn’t need it then, it just lined their pockets?
But now they could use it? Why don’t they just tap into their pocket lining and use the savings they got that they didn’t need?
Then again in reality you don’t know what they did or what they need.
Wait, they didn’t need it then, it just lined their pockets?
But now they could use it? Why don’t they just tap into their pocket lining and use the savings they got that they didn’t need?
Then again in reality you don’t know what they did or what they need.
As individuals? You don't know. I don't know. Of course not. Just because stock buybacks went up by 50% in the same year Trump gifted the wealthy and corporations a huge tax cut... that must just be coincidence! On the whole, those tax cuts were not to lower unemployment. Unemployment was already low.
And business owners complaining about higher minimum wages when they were gifted huge tax cuts is hilarious.
There's a reason why the stimulus and unemployment benefits kept the economy from collapsing... bubble up works.
It worked in the Great Depression.
It worked in the Great Recession.
It worked during the COVID economic recession/depression.
As individuals? You don't know. I don't know. Of course not. Just because stock buybacks went up by 50% in the same year Trump gifted the wealthy and corporations a huge tax cut... that must just be coincidence! On the whole, those tax cuts were not to lower unemployment. Unemployment was already low.
And business owners complaining about higher minimum wages when they were gifted huge tax cuts is hilarious.
There's a reason why the stimulus and unemployment benefits kept the economy from collapsing... bubble up works.
It worked in the Great Depression.
It worked in the Great Recession.
It worked during the COVID economic recession/depression.
Holy crap! NO!!!!!
Economists now recognize that FDR's idiotic economic policies prolonged the Great Depression by at least 7 years, keeping tens of millions in unnecessary misery.
Quote:
"UCLA economists say they have figured out why the Great Depression dragged on for almost 15 years..."
And he's the reason health insurance is tied to one's employer in the US. That happened when FDR froze workers' wages in 1942 by Executive Order. To compete for competent workers, employers began offering benefits like health care/insurance, etc. Thus, our current health insurance system was born.
The Real Reason the U.S. Has Employer-Sponsored Health Insurance:
That's nice. One set of economists say that. You know, one random guy can claim a lot of things. Just look at the past two months...
General consensus is that the policies of the New Deal helped. I think most historians and economists agree that WWII brought us out of the Great Depression. However, the long-term ramifications of the New Deal were mostly positive.
Common sense is:
What do Americans do when they have money in their pocket?
Spend it.
That's why bubble-up works. Ultimately it gets into the hands of the the wealthy and corporations anyway. But does a some good along the way. It is just that businesses have to work a little harder for it.
"We promise we won't steal your money we'll steal that other guy's money."
The moral vacancy of the leftist economic model described in one single sentence.
Very true.
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