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I told you there is no such a thing as trickle down theory. The rich hoard the money.


               
2018 Jul 19, 9:40am   8,694 views  31 comments

by Nobody   follow (0)  

https://www.msn.com/en-us/money/markets/gop-tax-cuts-arent-boosting-wages/ar-AAAgLtL?li=BBnbfcN

When do people realize that giving the tax breaks to the rich will not boost the wage. They will hoard the money
and pay their debt, if there is any. This is what is happening. The rich hoard money. Buying back the stock is not
going to boost economy or adding jobs, it will only increase the company's net worth. It won't even increase the output.

When do people realize giving money to the rich will not boost economy?

If we have money, why not spend that on investing into our children? (Please don't argue about the fact that we are spending
a lot already. I am saying if we have money to give to the rich, spend it on our kids. Use that money to create more seats at
universities and colleges. Most of the seats are filled with foreigners who are willing to pay more. This really sucks, because our
parents and grand parents paid to make these institutions. And their kids are not allowed to study there, because the foreigners are
taking up their seats.) It is simple; it was Steve Jobs and his employees who created the iPhone. And people who believed in it made
the investment. Not because they had the tax break.

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1   Strategist   2018 Jul 19, 9:50am  

I wonder where the money to pay welfare queens comes from, if not trickle down? My theory:
The rich drink champagne, trickle down on the poor, and magically the piss turns into cash.
2   Tenpoundbass   2018 Jul 19, 9:52am  

10 or 20 new Cities or upsize small towns to major cities where there is room for such growth across America, is literally all it would take to level the playing field. That is if Capitalism is allowed carte blanche to make it a reality. If the interest rates picked the winners and losers and not Fed Chief. And the Labor wasn't controlled by one or two major companies that bussed in illegal workers to do it.

Liberals would also get their Green NYC to LA ChooChoo Train.
3   zzyzzx   2018 Jul 19, 10:02am  

Trickle down does work. It's just that when you have free trade agreements, it trickles down to Mexico and China, etc.
4   Shaman   2018 Jul 19, 10:11am  

The labor supply must also be limited for wages to go up. When you allow uncontrolled immigration, outsource every job that can be outsourced, and allow corporations to import all the Chindians they want to replace tech workers, you thwart this process and keep wages from rising in response to greater labor needs.
It’s so simple a Democrat should be able to understand it!
5   Tenpoundbass   2018 Jul 19, 10:17am  

zzyzzx says
Trickle down does work. It's just that when you have free trade agreements, it trickles down to Mexico and China, etc.


Excellent Truth!
6   Heraclitusstudent   2018 Jul 19, 11:09am  

Strategist says
I wonder where the money to pay welfare queens comes from, if not trickle down? My theory:
The rich drink champagne, trickle down on the poor, and magically the piss turns into cash.


Instead of taking the money from the rich as taxes, we borrow it from them, paying them 3% interests.
Big difference.
7   RecentCost   2018 Jul 19, 11:57am  

Taxing the shit out of rich people at a slightly lower rate than before is "giving them money"? No, it's letting them keep more of what they earned.

If progressives could dump the entitled attitudes and got to work they wouldn't need to complain about having their welfare taken away.

Throwing money at children doesn't fix the problem. Fix the families.
8   Tenpoundbass   2018 Jul 19, 12:21pm  

If the Liberals championed real job growth and higher GDP and the return of Manufacturing so our youth could experience an adult life and the experience of raising a two car garage nuclear family. I could see rallying with them about higher taxes. Their higher taxation nonsense stops at being spitefully petty and jealous that someone is earning a decent income. They don't give a fuck about the millions that could earn a better income if the Democrats gave one Goddamn Greasy shit stained fuck.
9   Strategist   2018 Jul 19, 12:23pm  

Heraclitusstudent says
Strategist says
I wonder where the money to pay welfare queens comes from, if not trickle down? My theory:
The rich drink champagne, trickle down on the poor, and magically the piss turns into cash.


Instead of taking the money from the rich as taxes, we borrow it from them, paying them 3% interests.
Big difference.


The rich never got rich by investing at a long term 3% rate of return, where 2% gets lost by inflation, and the rest (probably more) through taxes.
Most of the borrowings from the fed is through the government itself, other countries, and corporations looking to temporarily park their money.
Eventually, all that borrowing ends up being the responsibility of the rich, because the poor don't have money.
10   MrMagic   2018 Jul 19, 12:24pm  

Nobody says
When do people realize giving money to the rich will not boost economy?


When do people realize throwing more money at useless employees doesn't improve productivity and grow the economy.
11   RecentCost   2018 Jul 19, 1:07pm  

jazz_music says
The people of every civilized country have a social safety net


Social safety nets end up becoming hammocks after you take people's pride and motivation to get ahead in life.

"You're a victim, here's some free shit. I'm a hero!"

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