Trump's tax cut didn't trickle down

Fire_Marshall_Bill

https://www.nbcnews.com/business/economy/what-did-corporate-america-do-tax-break-buy-record-amounts-n886621

RaceBannon

We know this already?

Sledog

RaceBannon said:

We know this already?

Hondo's posted it 2.1 million times.

allpurpleallgold

RaceBannon said:

We know this already?

A far cry from the victory lap that took place when bonuses were handed out for Christmas.

2001400ex

I'm hearing no one said that tax breaks would be passed down to employees and trickle down theory was made up by liberals pretending to be conservatives to make conservatives look bad.

RaceBannon

allpurpleallgold said:

RaceBannon said:

We know this already?

A far cry from the victory lap that took place when bonuses were handed out for Christmas.

No. Still running

It's an absurd statement to say they aren't working

Pitchfork51

I simply don't understand.

Tax cuts save people money.

Whether or not they are beneficial to the country as a whole is a different argument but to say that they didn't do anything is idiotic.

Fire_Marshall_Bill

Pitchfork51 said:

I simply don't understand.

Tax cuts save people money.

Whether or not they are beneficial to the country as a whole is a different argument but to say that they didn't do anything is idiotic.

These types of tax cuts save the wealthy, and only the wealthy, money.

I'm trying to do a better job "defending" the stance than Hondo. It shouldn't be hard.

allpurpleallgold

RaceBannon said:

allpurpleallgold said:

RaceBannon said:

We know this already?

A far cry from the victory lap that took place when bonuses were handed out for Christmas.

No. Still running

It's an absurd statement to say they aren't working

Would you define ‘working’ and define, please, what the tax cuts being a success and a failure would be? You can just go for the gist of it.

oregonblitzkrieg

- NBC News is not a trustworthy source.

- Wall Street needs to eat too. When companies buy back shares of their own stock, that usually causes the price of the stock to rise. Money then trickles down to traders/investors who own those stocks. Traders/investors are workers too you know.

allpurpleallgold

oregonblitzkrieg said:

- NBC News is not a trustworthy source.

- Wall Street needs to eat too. When companies buy back shares of their own stock, that usually causes the stock to rise. Money then trickles down to traders/investors who own those stocks. Traders/investors are workers too you know.

No one deserves a bigger piece of the pie than the people that nearly destroyed our country a decade ago.

YellowSnow

But will the tax cuts pay for themselves? Asking for a fren.

2001400ex

RaceBannon said:

allpurpleallgold said:

RaceBannon said:

We know this already?

A far cry from the victory lap that took place when bonuses were handed out for Christmas.

No. Still running

It's an absurd statement to say they aren't working

They were sold as a tax cut that would be more beneficial to the middle class than the wealthy. The tax cuts to the wealthy would be given to the middle class in jobs. And sold that they would pay for themselves.

Then you did a victory lap in January when tax receipts were higher than the prior year and several hundred thousand workers got bonuses less than $1,000. Saying they were working as promised.

Then been struggling ever since with everything. Stock market isn't up since they were passed and tax receipts are down from last year. But unemployment is down like .2% so there's that.

ThomasFremont

They're working when you consider that the end game is to starve the beast to force the elimination of social safety programs. Also known as how most Boomers plan to "retire"

rodmansrage

allpurpleallgold said:

No one deserves a bigger piece of the pie than the people that nearly destroyed our country a decade ago.

poor people who took out mortgages they knew they couldnt pay back?

ratings agencies who AAA rated piles of shit or AAA rated vehicles they had no idea about?

i am so fucking sick and tired of people blaming whites for the 'great recession.'

2001400ex

rodmansrage said:

allpurpleallgold said:

No one deserves a bigger piece of the pie than the people that nearly destroyed our country a decade ago.

poor people who took out mortgages they knew they couldnt pay back?

ratings agencies who AAA rated piles of shit or AAA rated vehicles they had no idea about?

i am so fucking sick and tired of people blaming whites for the 'great recession.'

Other than the bank told the poor people they could afford the loans. Because the banks knew they could sell them.

But other than that you are right. This is a racial issue. Only white people run big banks.

allpurpleallgold

rodmansrage said:

allpurpleallgold said:

No one deserves a bigger piece of the pie than the people that nearly destroyed our country a decade ago.

poor people who took out mortgages they knew they couldnt pay back?

ratings agencies who AAA rated piles of shit or AAA rated vehicles they had no idea about?

i am so fucking sick and tired of people blaming whites for the 'great recession.'

Tax cuts came through and motherfuckers letting their freak flags fly.

oregonblitzkrieg

2001400ex said:

RaceBannon said:

allpurpleallgold said:

RaceBannon said:

We know this already?

A far cry from the victory lap that took place when bonuses were handed out for Christmas.

No. Still running

It's an absurd statement to say they aren't working

They were sold as a tax cut that would be more beneficial to the middle class than the wealthy. The tax cuts to the wealthy would be given to the middle class in jobs. And sold that they would pay for themselves.

Then you did a victory lap in January when tax receipts were higher than the prior year and several hundred thousand workers got bonuses less than $1,000. Saying they were working as promised.

Then been struggling ever since with everything. Stock market isn't up since they were passed and tax receipts are down from last year. But unemployment is down like .2% so there's that.

This will come as purfund news to a dumbass like you, but the market started pricing in Trump's tax cuts the moment he was elected, and proceeded to rocket from S&P 2100 to 2800 and some change. The final mad dash to the top when tax cuts passed in December was the herd -- sheep like you, mortgaging the farm and stampeding the final mile. The current chop from winter on was the market pricing in shit like trade wars. Point being, its always looking forward.

This will also be shocking to you, but people with 401k's, in addition to any bonuses they received as a result of Trump's tax cuts, also benefited from the tax cuts as their 401ks grew in value due to the bull market that's been driven largely by those same tax cuts.

So don't be acting like Wall Street is the only winner.

2001400ex

oregonblitzkrieg said:

2001400ex said:

RaceBannon said:

allpurpleallgold said:

RaceBannon said:

We know this already?

A far cry from the victory lap that took place when bonuses were handed out for Christmas.

No. Still running

It's an absurd statement to say they aren't working

They were sold as a tax cut that would be more beneficial to the middle class than the wealthy. The tax cuts to the wealthy would be given to the middle class in jobs. And sold that they would pay for themselves.

Then you did a victory lap in January when tax receipts were higher than the prior year and several hundred thousand workers got bonuses less than $1,000. Saying they were working as promised.

Then been struggling ever since with everything. Stock market isn't up since they were passed and tax receipts are down from last year. But unemployment is down like .2% so there's that.

This will come as purfund news to a dumbass like you, but the market started pricing in Trump's tax cuts the moment he was elected, and proceeded to rocket from S&P 2100 to 2800 and some change. The final mad dash to the top when tax cuts passed in December was the herd -- sheep like you, mortgaging the farm and stampeding the final mile. The current chop from winter on was the market pricing in shit like trade wars. Point being, its always looking forward.

This will also be shocking to you, but people with 401k's, in addition to any bonuses they received as a result of Trump's tax cuts, also benefited from the tax cuts as their 401ks grew in value due to the bull market that's been driven largely by those same tax cuts.

So don't be acting like Wall Street is the only winner.

A business owner making $2 million a year got a bigger ANNUAL tax cut than the average 401k balance for a middle class worker.

HTH

Pitchfork51

But any tax cuts always affects high income people because they pay way more taxes.

How the hell would you give a break to the middle class and not high earners?

2001400ex said:

oregonblitzkrieg said:

2001400ex said:

RaceBannon said:

allpurpleallgold said:

RaceBannon said:

We know this already?

A far cry from the victory lap that took place when bonuses were handed out for Christmas.

No. Still running

It's an absurd statement to say they aren't working

They were sold as a tax cut that would be more beneficial to the middle class than the wealthy. The tax cuts to the wealthy would be given to the middle class in jobs. And sold that they would pay for themselves.

Then you did a victory lap in January when tax receipts were higher than the prior year and several hundred thousand workers got bonuses less than $1,000. Saying they were working as promised.

Then been struggling ever since with everything. Stock market isn't up since they were passed and tax receipts are down from last year. But unemployment is down like .2% so there's that.

This will come as purfund news to a dumbass like you, but the market started pricing in Trump's tax cuts the moment he was elected, and proceeded to rocket from S&P 2100 to 2800 and some change. The final mad dash to the top when tax cuts passed in December was the herd -- sheep like you, mortgaging the farm and stampeding the final mile. The current chop from winter on was the market pricing in shit like trade wars. Point being, its always looking forward.

This will also be shocking to you, but people with 401k's, in addition to any bonuses they received as a result of Trump's tax cuts, also benefited from the tax cuts as their 401ks grew in value due to the bull market that's been driven largely by those same tax cuts.

So don't be acting like Wall Street is the only winner.

A business owner making $2 million a year got a bigger ANNUAL tax cut than the average 401k balance for a middle class worker.

HTH

Is your position that anything that helps someone who is middle class is bad if it ALSO helps someone rich?

Fire_Marshall_Bill

oregonblitzkrieg said:

- NBC News is not a trustworthy source.

- Wall Street needs to eat too. When companies buy back shares of their own stock, that usually causes the price of the stock to rise. Money then trickles down to traders/investors who own those stocks. Traders/investors are workers too you know.

Yeah. I loved the artificial bubble these cocksuckers created 10 years ago. Then it came crashing down and their political puppet lap dogs bailed them out.