Tax Reform

[caf]

That's funny, I thought the false narrative was that he doesn't pay taxes. Woops

Thats the problem with lying all the time. You can't keep track of all of them.

 

[Huber.]

The graph illustrates exactly what is wrong with the distribution of the cuts. The poorest people see a reduction of 0.4% or less. The richest get anywhere from 2-4.3%.

And in 10 years, the poorest people actually take a hit under the policy.

This is trickle down economics and the efficacy of which have been debunked many times over.

So let me get this straight, the "poor" are still going to get less money taken from them and that's somehow a negative? The goal here is that companies start investing from within and let the money trickle down just like the glorious Reagan years.

 

[Hydroponic3385]

I don't think most people assumed Trump literally did not pay any taxes. Nice strawman though, keep patting each other on the back with likes and winners.

I think many people (understandably, IMO) assumed that he may be hiding something questionable (e.g., making far more or far less than he says, perhaps getting out of paying how much he's supposed to in taxes, etc.) by not releasing his taxes.

 

[Binkster]

So let me get this straight, the "poor" are still going to get less money taken from them and that's somehow a negative? The goal here is that companies start investing from within and let the money trickle down just like the glorious Reagan years.

Except trickle down doesn’t work. It’s fairy dust. It’s been debunked many, many times.

 

[Binkster]

Thats the problem with lying all the time. You can't keep track of all of them.

If only everyone were as honest as the Trump administration and transition team.

 

[Huber.]

Except trickle down doesn’t work. It’s fairy dust. It’s been debunked many, many times.

Except when it did/does

 

[Binkster]

Except when it did/does

The earnings gap has been growing exponentially in favor of the top 20% for 40 years.

Meanwhile, the lowest 60% have been getting poorer and poorer over that time.

So, why hasn’t it just happened automatically/organically?

 

[Huber.]

B

The earnings gap has been growing exponentially in favor of the top 20% for 40 years.

Meanwhile, the lowest 60% have been getting poorer and poorer over that time.

So, why hasn’t it just happened automatically/organically?

Bernie was going to raise taxes on the poor and middle class and "go after Wallstreet" aka our retirement portfolios. There is no fool proof plan but this is a lot better than Bernies plan

 

[The Oi]

@Huber. fucking crushing again.

 

[Binkster]

B

Bernie was going to raise taxes on the poor and middle class and "go after Wallstreet" aka our retirement portfolios. There is no fool proof plan but this is a lot better than Bernies plan

Your rebuttal attacks Bernie's tax plan. That... does not address my question.

If your theory suggests that giving a bump to the people at the top will trickle down to the middle and bottom, why isn't it already happening organically?

The top 20 percent have not only seen a bump, they've seen a steady influx of earnings growth and the gap continues to widen between themselves and the middle class.

Why?

This time try an answer that doesn't involve Bernie Sanders' irrelevant tax plan.

 

[OptimusPrime]

Your rebuttal attacks Bernie's tax plan. That... does not address my question.

If your theory suggests that giving a bump to the people at the top will trickle down to the middle and bottom, why isn't it already happening organically?

The top 20 percent have not only seen a bump, they've seen a steady influx of earnings growth and the gap continues to widen between themselves and the middle class.

Why?

Because the money is being inflated away from them faster than it can "trickle down" from above.

Because we have an unsustainable economic structure brought about by inflation and government policy that discourages production.

Because monetary and government policy has made it more profitable to speculate than to invest in capital goods which would benefit all of society.

Crying about cutting their taxes a few percent doesn't solve any of the real problems.

 

[Binkster]

Because the money is being inflated away from them faster than it can "trickle down" from above.

Because we have an unsustainable economic structure brought about by inflation and government policy that discourages production.

Because monetary and government policy has made it more profitable to speculate than to invest in capital goods which would benefit all of society.

Crying about cutting their taxes a few percent doesn't solve any of the real problems.

Inflation is why rich people aren't trickling down?

You guys can do better than that.

 

[Huber.]

Your rebuttal attacks Bernie's tax plan. That... does not address my question.

If your theory suggests that giving a bump to the people at the top will trickle down to the middle and bottom, why isn't it already happening organically?

The top 20 percent have not only seen a bump, they've seen a steady influx of earnings growth and the gap continues to widen between themselves and the middle class.

Why?

This time try an answer that doesn't involve Bernie Sanders' irrelevant tax plan.

Bernie's plan is about the only plan I have to refute that has been suggested by liberals on this board. The goal here shouldn't be taking money away from rich people and giving it to the poor. The goal is for the economy to thrive, the US dollar to be the highest in the world and have more US dollars to go around to everyone.

 

[OptimusPrime]

Inflation is why rich people aren't trickling down?

You guys can do better than that.

What guys? No one else here is talking about inflation. And I'm certainly not a Republican. You don't understand how inflation works, or how a productive economy works, so you obviously won't understand why none of the nonsense any of them try to do to "fix" is going to do any good.

You were the one whining about the earnings gaps for the last 40 years. And I've pointed out here many times what happened right around that time to get the ball rolling. Freeing the dollar from it's gold restraints got the printing press running full steam ahead, and the effect of inflation is always to steal from the working class to the benefit of those that control the new money.

 

[KI4MVP]

Your rebuttal attacks Bernie's tax plan. That... does not address my question.

If your theory suggests that giving a bump to the people at the top will trickle down to the middle and bottom, why isn't it already happening organically?

The top 20 percent have not only seen a bump, they've seen a steady influx of earnings growth and the gap continues to widen between themselves and the middle class.

Why?

This time try an answer that doesn't involve Bernie Sanders' irrelevant tax plan.

Wealth gets concentrated because we have transformed from a local economy to a global economy.

That fact dramatically skews any numbers about the top 0.1%