Trickle down or Siphon up!

[Sand Castle]

This just speaks for itself. Voters please stop supporting the destruction of the working people

America’s companies are swimming in cash thanks to the big cut in the corporate tax rate.

The roughly 180 companies in the S&P 500 Index that have reported results saw their effective tax rate drop by 6 percent on average in the first quarter. That saved them a total of almost $13 billion in taxes, an analysis by Bloomberg shows. About a third of that went to 44 financial firms.

Verizon generated layoffs- $30 BILLION IN PROFITS AND A $4 BILLION TAX CUT, VERIZON SEEKS TO CUT 44,000 U.S. WORKERS, OUTSOURCE UP TO 5,000 JOBS

A number of good people lost their jobs as part of company-wide layoffs, despite Verizon taking in nearly $4 billion in government funded tax breaks last year and a promise that workers will 'share in the company's success,'"

 

[Thoreau72]

This just speaks for itself. Voters please stop supporting the destruction of the working people

America’s companies are swimming in cash thanks to the big cut in the corporate tax rate.

The roughly 180 companies in the S&P 500 Index that have reported results saw their effective tax rate drop by 6 percent on average in the first quarter. That saved them a total of almost $13 billion in taxes, an analysis by Bloomberg shows. About a third of that went to 44 financial firms.

Verizon generated layoffs- $30 BILLION IN PROFITS AND A $4 BILLION TAX CUT, VERIZON SEEKS TO CUT 44,000 U.S. WORKERS, OUTSOURCE UP TO 5,000 JOBS

A number of good people lost their jobs as part of company-wide layoffs, despite Verizon taking in nearly $4 billion in government funded tax breaks last year and a promise that workers will 'share in the company's success,'"

These are things the mainstream media would rather not talk about.

 

[WCH]

This just speaks for itself. Voters please stop supporting the destruction of the working people

America’s companies are swimming in cash thanks to the big cut in the corporate tax rate.

The roughly 180 companies in the S&P 500 Index that have reported results saw their effective tax rate drop by 6 percent on average in the first quarter. That saved them a total of almost $13 billion in taxes, an analysis by Bloomberg shows. About a third of that went to 44 financial firms.

Verizon generated layoffs- $30 BILLION IN PROFITS AND A $4 BILLION TAX CUT, VERIZON SEEKS TO CUT 44,000 U.S. WORKERS, OUTSOURCE UP TO 5,000 JOBS

A number of good people lost their jobs as part of company-wide layoffs, despite Verizon taking in nearly $4 billion in government funded tax breaks last year and a promise that workers will 'share in the company's success,'"

It wasn't the FedGov's money to start with. It actually belongs to the stockholders.

 

[MrWonka]

It wasn't the FedGov's money to start with. It actually belongs to the stockholders.

Do you even know what money is? Have you looked at a dollar before? Whose picture is on it? It is a stockholder? Taxes are payments for services rendered. They're a lot like HOA fees. As long as you choose to live in the community the HOA gets to decide what your fees should be, and that money belongs to the HOA every month so they can pay the associated bills. If your HOA voted to give you a discount on your HOA, but then had to take out a loan to pay the lawn mowers which the HOA will have to pay back later would you say that's a smart financial choice? Maybe in a down economy when the people in the community are already struggling to pay their mortgages as it is it would be fine, but not in a strong economy.

Do you think it would be smart for your HOA to give you a break in your fees and just assume that you'll use the extra money that you have laying around hire your own lawn mower?

 

[DaveFagan]

There is no such thing as TRICKLE DOWN. Check any data tables showing wealth gaps and you will see it always TRICKLES UP. It may be a raging torrent,, not a trickle. Thoriau made the comment that the MSM doesn't want to talk about it. Why don't they talk about it and hwo the Federal Reserve works at the same time? These subjects suffer from ommission and that is a type of censorship. The MSM NARRATIVE seems controlled if these subjects are taboo. Who/what would have that control. CORPORATISM should be a keyword in any analysis. Have you heard any nice words about SOCIALISM lately? Venezuela? Corporatism promotes Big Money, Socialism promotes the people? If the USA, starting with Obama, had not interfered with Venezuela's economy, it would not be the basket case it is today. It's because Socialism is trickle down and Corporate Amercia will do anything to sabotage a successful Socialist economy. It's the level where that control operates that operates the MSM by ommission. Corporatism succeeds by raping the Planet. We can be forgiven for not realizing that many years ago, but now that we know, adjustments must be made and the voters need to be informed truthfully for that to happen.
\/

 

[Stealers Wheel]

This is a perfect example of why "Trickle Down Economics" doesn't work.

According to its advocates, the 1% get a huge tax break and will automatically invest in new and more infrastructure and increase their workforce. Time and time again, this has proved to be false.

Businesses will only increase their workforce when business conditions require it. Handing a corporation a boatload of money does not change business conditions. It is just a windfall. It's a 'thank you' for support during the past election.

Something like increasing the minimum wage is a defacto tax on the 1%, forcing more money into circulation. That means the masses have more discretionary income which they will spend on goods and services, increasing demand. Businesses will increase their workforce to meet the increase in demand, lowering the unemployment rate. Savvy businesses will translate that increase in demand into profits.

 

[Myview]

This just speaks for itself. Voters please stop supporting the destruction of the working people

America’s companies are swimming in cash thanks to the big cut in the corporate tax rate.

The roughly 180 companies in the S&P 500 Index that have reported results saw their effective tax rate drop by 6 percent on average in the first quarter. That saved them a total of almost $13 billion in taxes, an analysis by Bloomberg shows. About a third of that went to 44 financial firms.

Verizon generated layoffs- $30 BILLION IN PROFITS AND A $4 BILLION TAX CUT, VERIZON SEEKS TO CUT 44,000 U.S. WORKERS, OUTSOURCE UP TO 5,000 JOBS

A number of good people lost their jobs as part of company-wide layoffs, despite Verizon taking in nearly $4 billion in government funded tax breaks last year and a promise that workers will 'share in the company's success,'"

Conservatives are saying "flood down". They think the tax cut has turbocharged the economy. It has but for whom? They are delusional. Anyone who spends a minute looking can see where most of the wealth of America is going. It has consistently gone to elites at the top of the income strata in ever increasing amounts over the past 30 years or more. That giant sucking sound is the siphoning up of the wealth of America going to a relative few wealthy elites. Coupled with their growing riches are government policies that consistently favor rich elites.

 

[ludin]

Conservatives are saying "flood down". They think the tax cut has turbocharged the economy. It has but for whom? They are delusional. Anyone who spends a minute looking can see where most of the wealth of America is going. It has consistently gone to elites at the top of the income strata in ever increasing amounts over the past 30 years or more. That giant sucking sound is the siphoning up of the wealth of America going to a relative few wealthy elites. Coupled with their growing riches are government policies that consistently favor rich elites.

In this day and age there are ways to become richer and richer.
In fact there was an article out there the other day that the ultra wealthy are getting younger and younger
which means people are taking advantage of the opportunities in this market and making money.

https://finance.yahoo.com/news/uber-rich-getting-dramatically-younger-213025667.html

 

[bongsaway]

In this day and age there are ways to become richer and richer.
In fact there was an article out there the other day that the ultra wealthy are getting younger and younger
which means people are taking advantage of the opportunities in this market and making money.

https://finance.yahoo.com/news/uber-rich-getting-dramatically-younger-213025667.html

Did you read the part stating that nine out of ten of these young folks get their money from, wait, inheritance?

 

[KLATTU]

It boggles my mind that anybody thinks it's a better idea to have money go to the central planners than those who earn it.

 

[ludin]

Did you read the part stating that nine out of ten of these young folks get their money from, wait, inheritance?

Also of note: There are more uber-wealthy households today than there were 10 years ago—which makes sense: 2008 was the first year of Great Recession. Today, there are around 172,000 households that earn $25 million per year or more, up from 84,000 from a decade ago. That means the number of ultra-rich households has actually doubled in a decade.

i guess you didn't read either. why are you so jealous of other peoples success?

 

[KLATTU]

Also of note: There are more uber-wealthy households today than there were 10 years ago—which makes sense: 2008 was the first year of Great Recession. Today, there are around 172,000 households that earn $25 million per year or more, up from 84,000 from a decade ago. That means the number of ultra-rich households has actually doubled in a decade.

i guess you didn't read either. why are you so jealous of other peoples success?

Because if money 'goes' to them , you get less.
#LAFFRIOT

 

[jdog21]

Do you even know what money is? Have you looked at a dollar before? Whose picture is on it? It is a stockholder? Taxes are payments for services rendered. They're a lot like HOA fees. As long as you choose to live in the community the HOA gets to decide what your fees should be, and that money belongs to the HOA every month so they can pay the associated bills. If your HOA voted to give you a discount on your HOA, but then had to take out a loan to pay the lawn mowers which the HOA will have to pay back later would you say that's a smart financial choice? Maybe in a down economy when the people in the community are already struggling to pay their mortgages as it is it would be fine, but not in a strong economy.

Do you think it would be smart for your HOA to give you a break in your fees and just assume that you'll use the extra money that you have laying around hire your own lawn mower?

When your HOA decides to raise your fees 7% every year and providing no new services for those increase cost, eventually the home owners in the community are going to revolt against their home owners association.

 

[markjs]

There is no such thing as TRICKLE DOWN. Check any data tables showing wealth gaps and you will see it always TRICKLES UP. It may be a raging torrent,, not a trickle. Thoriau made the comment that the MSM doesn't want to talk about it. Why don't they talk about it and hwo the Federal Reserve works at the same time? These subjects suffer from ommission and that is a type of censorship. The MSM NARRATIVE seems controlled if these subjects are taboo. Who/what would have that control. CORPORATISM should be a keyword in any analysis. Have you heard any nice words about SOCIALISM lately? Venezuela? Corporatism promotes Big Money, Socialism promotes the people? If the USA, starting with Obama, had not interfered with Venezuela's economy, it would not be the basket case it is today. It's because Socialism is trickle down and Corporate Amercia will do anything to sabotage a successful Socialist economy. It's the level where that control operates that operates the MSM by ommission. Corporatism succeeds by raping the Planet. We can be forgiven for not realizing that many years ago, but now that we know, adjustments must be made and the voters need to be informed truthfully for that to happen.
\/

For a conservative, we sure end up agreeing a lot. I think some of these terms are over demonized these days and don't always mean what we think they do.

 

[MrWonka]

When your HOA decides to raise your fees 7% every year and providing no new services for those increased costs, eventually the homeowners in the community are going to revolt against their homeowners' association.

The homeowners in the community make up the homeowners association remember? They couldn't raise the fees unless the majority of the community wanted them, and while you may not think the new services being provided are worth it the majority of your community does. As with an HOA if you don't like it you are free to move to a new community.

Whether you like it or not the majority of Americans have voted for the Democrat in 6 out of the last 7 Presidential elections spanning almost three full decades. If you don't like the fees your being charged then it's time for you to find a new neighborhood. Good luck finding one where your property will be as valuable as it is here that doesn't have higher fees.

 

[MrWonka]

why are you so jealous of other peoples success?

Nobody is jealous of success. What we want is A.) for people to actually earn it by doing something positive for the country. (i.e. not simply have it given to them by mommy and daddy). B.) ensure that those successful people are primarily funding a government that is almost exclusively designed for their own benefit. C.) Recognize that instead of paying a cop $50k a year to defend you from someone in poverty you could just as easily provide basic necessities for the person in poverty.

 

[ludin]

Nobody is jealous of success. What we want is A.) for people to actually earn it by doing something positive for the country. (i.e. not simply have it given to them by mommy and daddy). B.) ensure that those successful people are primarily funding a government that is almost exclusively designed for their own benefit. C.) Recognize that instead of paying a cop $50k a year to defend you from someone in poverty you could just as easily provide basic necessities for the person in poverty.

sure you are. otherwise you wouldn't continue ranting about what other people do and why and how they are successful.

as for it being inherited you are again wrong.
https://www.forbes.com/sites/afonte...the-forbes-400-than-ever-before/#219ad2773369

the welfare system is supposed to do that yet for some reason even with welfare doing that i still need the cops to patrol those neighborhoods.
so your argument there is well non-existent.

 

[MrWonka]

sure you are. otherwise, you wouldn't continue ranting about what other people do and why and how they are successful.

Wrong. Take professional sports for example. I'm not a Patriots fan, but I like them and respect them. Even though they win a lot I have no issue with it because the NFL has a salary cap that helps improve parity. For them to be so good for so long is due to the skillful managing of their roster. I do however hate the Yankees. Why? Not just because they win all the time, but because of how. The MLB has no real salary cap and little parity, as a result, the same 4 or 5 teams are in the playoffs every year while another 20 teams are lucky if they make the playoffs once or twice a decade. Not because they're mismanaged because they're in a smaller market.

The Yankees are able to leverage past success as well as the huge size of their market to increase their odds of future success. That hurts competition the same way millionaires and billionaires passing on their fortunes do. Even most middle and upper-class people have the advantage of getting some inheritance from parents. Just leaving your children a house is generally enough to radically advance their prospects in life.

 

[ludin]

Wrong. Take professional sports for example. I'm not a Patriots fan, but I like them and respect them. Even though they win a lot I have no issue with it because the NFL has a salary cap that helps improve parity. For them to be so good for so long is due to the skillful managing of their roster. I do however hate the Yankees. Why? Not just because they win all the time, but because of how. The MLB has no real salary cap and little parity, as a result, the same 4 or 5 teams are in the playoffs every year while another 20 teams are lucky if they make the playoffs once or twice a decade. Not because they're mismanaged because they're in a smaller market.

The Yankees are able to leverage past success as well as the huge size of their market to increase their odds of future success. That hurts competition the same way millionaires and billionaires passing on their fortunes do. Even most middle and upper-class people have the advantage of getting some inheritance from parents. Just leaving your children a house is generally enough to radically advance their prospects in life.

way to avoid my post which proved you wrong. your dishonest is noted and well that is all there is to say about this.
your concession is noted. not that i am surprised.

next time you should try addressing what someone says it will help you out.

 

[MrWonka]

way to avoid my post which proved you wrong.

You prove nothing. Your link focused on extreme cases. The invention of the internet explains that more than anything. This offers a much more accurate assessment of America in the decades following Reaganomics.

https://www.businessinsider.com/social-mobility-is-on-the-decline-and-with-it-american-dream-2017-7

 

[MrWonka]

next time you should try addressing what someone says it will help you out.

You should follow your own advice you conveniently ignored 66% of my original post to focus on the one thing you thought you could rebut, and you managed to fail miserably at even accomplishing that.

 

[ludin]

You prove nothing. Your link focused on extreme cases. The invention of the internet explains that more than anything. This offers a much more accurate assessment of America in the decades following Reaganomics.

https://www.businessinsider.com/social-mobility-is-on-the-decline-and-with-it-american-dream-2017-7

no my post proved you incorrect and you are saying that forbes one of the best magazines and most trusted magzines out there is lying?
lol you are rich.

no my link proved you incorrect when you said that it was inherited by mommy and daddy.
you don't even know what you argued and you still can't quote me correctly continue your dishonesty.

 

[ludin]

You should follow your own advice you conveniently ignored 66% of my original post to focus on the one thing you thought you could rebut, and you managed to fail miserably at even accomplishing that.

no i addressed everything in your post and proved you wrong.

 

[MrWonka]

no my post proved you incorrect and you are saying that Forbes one of the best magazines and most trusted magazines out there is lying?

No, I'm saying the article focuses on the extremes without looking at the big picture which my article did. Your article isn't even attempting to make the argument you think it is. Now are you going to try and disagree with my article or are you just going to ignore it because you know you have no comeback.

 

[MrWonka]

no i addressed everything in your post and proved you wrong.

You addressed 1 out of 3 points that I made, and your Rebuttal didn't even say what you thought it did.