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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   8,692 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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28   Strategist   2018 Jul 19, 9:09pm  

Reality says
If the original poster was sending his post from a desktop computer, his very action of posting was the result of trickle-down: trickling from a $10,000 command-line business machine that all the best known industrial leaders at the time "knew" nobody would ever want one for home, down to a sub-$500 device that he could post from.

If the original poster was sending his post from a smart phone, his very action of posting was the result of trickle-down: trickling from a $5000 brief-case phone that only the C-level executives could afford (and could only make phone calls) down to a handy multi-functional device found in the pockets of even the poorest members of society today.

The point of money is not money per se, but what you can buy with it. Private entrepreneurs are far better at offering up goods for purchase by individuals than governments central planners are able to deliver. Would you rather prefer the same wages but better/more products to buy for the same money ov...


Sadly, communists will never understand all this. They will reprove Einstein's theory of insanity again and again, and still never quit. I actually don't mind, because it's fun to kick commie ass.
29   Reality   2018 Jul 19, 9:20pm  

MAGAbrush says
Labor unions fought for defined benefit pensions.


Defined benefit pension plan was a scam tying employees to a sinking ship. Every corporation eventually dies (when its market position is no longer profitable), usually after the executives raid the pension funds. Employers liked pension plans because they didn't have to pay up-front; labor bosses liked pension plans because they could pretend they won something and therefore could take a cut up front without waiting for the life-long vestment period on the commission.
30   Strategist   2018 Jul 19, 9:23pm  

MAGAbrush says
Strategist says
Sadly, communists will never understand all this. They will reprove Einstein's theory of insanity again and again, and still never quit. I actually don't mind, because it's fun to kick commie ass.

Which for unfathomable reasons you must do any time someone talks about using democracy to accomplish some good for the masses.

Why do you do that?


If they were doing good for the masses I wouldn't have to do that.

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