@wildgrass said“Tax cuts for the wealthy does not increase economic growth.”
Tax cuts for the wealthy does not increase economic growth. It is not opinion. You say it's trickle down economics but none of the extra money that rich people get trickles down and you want to call that an opinion?
Other aspects of supply side economics do work, just not this. The myth only still exists because rich people pay for politicians and their propaganda.
You win the prize for most stupid comment.
@AverageJoe1 saidThis threads about a $2 trillion tax deficit. Who should see their taxes go up to pay for it?
Plain english: Consider this:
Lower taxes on investment and biz owners encourage more investment and hiring,,,,,,and oh, that pesky risk-taking that I often mention.
Tax cuts increase economic activity overall. Talk about a 'ripple effect", and for the record, people are entitled to keep more of what they earn, regardless of their income level. You seem to proffer ...[text shortened]... love the smell of posting in the morning. Grey cells a'aworkin
And just for the recrod, Wgrass,
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@Mott-The-Hoople said😞
“Tax cuts for the wealthy does not increase economic growth.”
You win the prize for most stupid comment.
You prtend rich people are dumb. What really happens is that business owners hire people when they need work done, not when they have extra personal income. In reality the corporate tax cut savings go to board members and stock buybacks. Rich people who get more money from favorable tax policy just keep it.
Someone's gotta pay taxes.
@wildgrass said",,,,,none of the extra money (whew..) that people get...."
Tax cuts for the wealthy does not increase economic growth. It is not opinion. You say it's trickle down economics but none of the extra money that rich people get trickles down and you want to call that an opinion?
Other aspects of supply side economics do work, just not this. The myth only still exists because rich people pay for politicians and their propaganda.
Man, would we love your definition of what that means. And liberals never can really put a cap on any of their comments, ...like,,, you just leave it hanging. How about doing an easily understood analogy of a typical business owner/job creator who has done alright for himself, put money in the bank, will cash in some Nvidia stock today with an intent to start another donut shop with it?
Make discussion fun. Not preachy. Sonhouse is the only one allowed to preach.
@wildgrass saidEveryone, of course. We all enjoy the same country, do we not? You suggest we pick and choose? If you go after Mr. Moneypenny's billions, he will cancel his plans to build a new plant, hiring many in Newton, TN, and send it to an offshore account in the Caymans!!!
This threads about a $2 trillion tax deficit. Who should see their taxes go up to pay for it?
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@AverageJoe1 saidIf a billionaire gets a million dollar tax break and invest it, it's less benefit to the economy as ten thousand others get a tax break and invest it.
",,,,,none of the extra money (whew..) that people get...."
Man, would we love your definition of what that means. And liberals never can really put a cap on any of their comments, ...like,,, you just leave it hanging. How about doing an easily understood analogy of a typical business owner/job creator who has done alright for himself, put money in the bank, will cas ...[text shortened]... t shop with it?
Make discussion fun. Not preachy. Sonhouse is the only one allowed to preach.
I would rather have the tax breaks go to the middle class.
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@AverageJoe1 saidPitch that idea to a politician. The current Republican policy is no one pays taxes I guess.
Everyone, of course. We all enjoy the same country, do we not? You suggest we pick and choose? If you go after Mr. Moneypenny's billions, he will cancel his plans to build a new plant, hiring many in Newton, TN, and send it to an offshore account in the Caymans!!!
$2 Trillion joe. You want to ask the first time homebuyers and parents trying to afford college to pay more taxes? Not if warren buffet is paying 0.1% income tax and everyone else averages 14.5%.
@wildgrass saidEasy, and thanks for a thoughtful plst.
If a billionaire gets a million dollar tax break and invest it, it's less benefit to the economy as ten thousand others get a tax break and invest it.
I would rather have the tax breaks go to the middle class.
You see, the effect would not be equal. A billionaire investing an extra million dollars can fund factories housing projects, thousands of jobs. The average person getting the same percentage Brake usually spends it on consumption, which helps in a different way but does not create capital formation on the same scale. You are thinking about mathematical equality while I am thinking about the economic impact.
How do you see it? Am I so wrong?
@wildgrass saidHe is a frugal man, his income is limited, thus he does not pay as much income tax......why?? Because we are all taxed on income, not our net worth.
Pitch that idea to a politician. The current Republican policy is no one pays taxes I guess.
$2 Trillion joe. You want to ask the first time homebuyers and parents trying to afford college to pay more taxes? Not if warren buffet is paying 0.1% income tax and everyone else averages 14.5%.
Keep it simple, leave emotion out of it. Some, like AOC, say he should hot have that much money. Some like Maruader say he shuld give it all away to people to consume, which I guess means to stop building and supporting innovation and productivity, which made your computer.
What would we communicate on????
@wildgrass saidAll the modern economies use tax incentives to encourage investment. If you were president Kamala, do you think she woujld even understand that, or listen to a liberal VP who says, Kamala, get the money of the rich and redistribute it?
Pitch that idea to a politician. The current Republican policy is no one pays taxes I guess.
$2 Trillion joe. You want to ask the first time homebuyers and parents trying to afford college to pay more taxes? Not if warren buffet is paying 0.1% income tax and everyone else averages 14.5%.
Be honest. Yes or no?
@AverageJoe1 saidYes. You're wrong. It's not about equality. Middle class is suffering under persistent high inflation and gas. Get this deficit under control by taxing the rich, because they can afford it. It might have the added benefit of pressuring politicians to cut spending on government, because the wealthy make the big political contributions. Once the deficit is under control, you can cut the taxes again commensurate with spending cuts. This is how a reasonable federal government would approach this problem.
Easy, and thanks for a thoughtful plst.
You see, the effect would not be equal. A billionaire investing an extra million dollars can fund factories housing projects, thousands of jobs. The average person getting the same percentage Brake usually spends it on consumption, which helps in a different way but does not create capital formation on the same scale. You are thin ...[text shortened]... al equality while I am thinking about the economic impact.
How do you see it? Am I so wrong?
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@AverageJoe1 saidHow many times does it have to be repeated? Working people pay taxes, not rich people. They are often not the same people.
He is a frugal man, his income is limited, thus he does not pay as much income tax......why?? Because we are all taxed on income, not our net worth.
Keep it simple, leave emotion out of it. Some, like AOC, say he should hot have that much money. Some like Maruader say he shuld give it all away to people to consume, which I guess means to stop building and supporting innovation and productivity, which made your computer.
What would we communicate on????
@AverageJoe1 saidSure but current tax incentives punish work and reward those who already have a big inheritance from daddy Warbucks to throw in an index fund.
All the modern economies use tax incentives to encourage investment. If you were president Kamala, do you think she woujld even understand that, or listen to a liberal VP who says, Kamala, get the money of the rich and redistribute it?
Be honest. Yes or no?
@wildgrass saidwho provides the jobs?
😞
You prtend rich people are dumb. What really happens is that business owners hire people when they need work done, not when they have extra personal income. In reality the corporate tax cut savings go to board members and stock buybacks. Rich people who get more money from favorable tax policy just keep it.
Someone's gotta pay taxes.