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Trump's tax cut didn't trickle down

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  • 2001400ex2001400ex Posts: 16,715
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    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:

    2001400ex 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?
    You are smarter than that. There are many quotes from Trump and Republicans that this is a middle class tax cut. But really the vast majority went to the wealthy.

    Here's the thing. Of course the wealthy pay the most in taxes. And of course they'll get a bigger break. And if the government is bringing in too much money, then the tax cuts should go to the wealthy. But if you want to stimulate the economy, you give the tax cuts to the middle class. Rather than cut the corporate tax rate, cut the top rate 2%, and cut the pass through entities.

    The other thing not mentioned yet, this was sold as keeping jobs in America because the corporate rate cut. That won't happen either.
    HoustonHuskyRaceBannonPitchfork51SledogCuntWaffleUW_Doog_BotMikeDamone
  • pawzpawz Posts: 5,410
    Swaye's Wigwam 2500 Comments 250 Answers 500 Awesomes

    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:

    2001400ex 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?

    Yes.

    HondoFS is on record as wanting the middle class to suffer just so he can be right.
  • 2001400ex2001400ex Posts: 16,715
    10000 Comments 250 Answers Fifth Anniversary 500 Awesomes
    pawz said:

    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:

    2001400ex 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?

    Yes.

    HondoFS is on record as wanting the middle class to suffer just so he can be right.
    Pawz is on record as being a dumbfuck that'll suck Trump's dick no matter what.
    RaceBannonDuckHHunterisafagSledogoregonblitzkriegHoustonHuskyCuntWaffleMikeDamone
  • BasemanBaseman Posts: 6,290
    Swaye's Wigwam 5000 Comments 250 Answers 500 Awesomes
    edited July 7
    2001400ex 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.
    And many of the poor, middle class and rich walked away from the underwater mortgages they couldn’t afford or chose not to pay anymore, leaving the banks, the government, and ultimately the tax payers holding the bag.

    My Dems (RIP), showing great leadership organized the bailout the rescue/ invest in America plan that saved the country, gave lifelines to the little guy, and made the taxpayers money from the loan shark equity we received when we gave loaned the banks money —all repaid in full, plus profit, by the way.
    YellowSnowAlexisUWhuskytskeet
  • 2001400ex2001400ex Posts: 16,715
    10000 Comments 250 Answers Fifth Anniversary 500 Awesomes
    Baseman said:

    2001400ex 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.
    And many of the poor, middle class and rich walked away from the underwater mortgages they couldn’t afford or chose not to pay anymore, leaving the banks, the government, and ultimately the tax payers holding the bag.

    My Dems (RIP), showing great leadership organized the bailout the rescue/ invest in America plan that saved the country, gave lifelines to the little guy, and made the taxpayers money from the loan shark equity we received when we gave loaned the banks money —all repaid in full, plus profit, by the way.
    I agree with a lot of that. Most of the foreclosures on Freddie Mac and Fannie Mae were paid for by people who bought homes in 2009 through 2013 with ridiculous high PMI payments.
    MikeDamone
  • SledogSledog Posts: 6,140
    5000 Comments 250 Answers 500 Awesomes 500 Up Votes
    edited July 7
    2001400ex said:

    Baseman said:

    2001400ex 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.
    And many of the poor, middle class and rich walked away from the underwater mortgages they couldn’t afford or chose not to pay anymore, leaving the banks, the government, and ultimately the tax payers holding the bag.

    My Dems (RIP), showing great leadership organized the bailout the rescue/ invest in America plan that saved the country, gave lifelines to the little guy, and made the taxpayers money from the loan shark equity we received when we gave loaned the banks money —all repaid in full, plus profit, by the way.
    I agree with a lot of that. Most of the foreclosures on Freddie Mac and Fannie Mae were paid for by people who bought homes in 2009 through 2013 with ridiculous high PMI payments.
    So you agree with loaning people large sums of money who really didn't qualify for the loan? Democrats all the way!
  • PurpleThrobberPurpleThrobber Posts: 10,822
    10000 Comments 250 Answers 500 Awesomes 500 Up Votes
    Baseman said:

    2001400ex 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.
    And many of the poor, middle class and rich walked away from the underwater mortgages they couldn’t afford or chose not to pay anymore, leaving the banks, the government, and ultimately the tax payers holding the bag.

    My Dems (RIP), showing great leadership organized the bailout the rescue/ invest in America plan that saved the country, gave lifelines to the little guy, and made the taxpayers money from the loan shark equity we received when we gave loaned the banks money —all repaid in full, plus profit, by the way.
    Da Fuq?!? Hank Paulson wasn’t a democrat.

  • 2001400ex2001400ex Posts: 16,715
    10000 Comments 250 Answers Fifth Anniversary 500 Awesomes
    Sledog said:

    2001400ex said:

    Baseman said:

    2001400ex 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.
    And many of the poor, middle class and rich walked away from the underwater mortgages they couldn’t afford or chose not to pay anymore, leaving the banks, the government, and ultimately the tax payers holding the bag.

    My Dems (RIP), showing great leadership organized the bailout the rescue/ invest in America plan that saved the country, gave lifelines to the little guy, and made the taxpayers money from the loan shark equity we received when we gave loaned the banks money —all repaid in full, plus profit, by the way.
    I agree with a lot of that. Most of the foreclosures on Freddie Mac and Fannie Mae were paid for by people who bought homes in 2009 through 2013 with ridiculous high PMI payments.
    So you agree with loaning people large sums of money who really didn't qualify for the loan? Democrats all the way!
    Is that really what you got from what I said or you being a smart ass?
    MikeDamone
  • SledogSledog Posts: 6,140
    5000 Comments 250 Answers 500 Awesomes 500 Up Votes
    No. I got stupid fucking democrat policies led to poor lending practices for social justice bullshit which caused a huge housing bubble and it's eventual collapse that everyone had to pay for.
    USMChawkThomasFremontUWhuskytskeet
  • 2001400ex2001400ex Posts: 16,715
    10000 Comments 250 Answers Fifth Anniversary 500 Awesomes
    Sledog said:

    No. I got stupid fucking democrat policies led to poor lending practices for social justice bullshit which caused a huge housing bubble and it's eventual collapse that everyone had to pay for.

    Except Republicans controlled both houses of Congress and the presidency the 6 years prior. Dumbfuck.

    http://www.presidency.ucsb.edu/ws/?pid=81258
  • oregonblitzkriegoregonblitzkrieg Posts: 10,644
    10000 Comments 250 Answers 500 Awesomes 500 Up Votes

    - 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.
    No one was holding a gun to anyone's head telling them to buy a house they couldn't afford. Everyone got bitten by the greed bug thinking they could unload their overvalued homes later for profit. They did what Hondo does. Buy high, sell low, then look for someone else to blame for their own dumb decisions.
    Alexis
  • allpurpleallgoldallpurpleallgold Posts: 7,191
    5000 Comments 250 Answers 500 Awesomes 500 Up Votes

    Sledog said:

    No. I got stupid fucking democrat policies led to poor lending practices for social justice bullshit which caused a huge housing bubble and it's eventual collapse that everyone had to pay for.

    This is the stupidest explanation of the housing bubble I have ever heard. And that’s saying something.
    And someone in this thread absolved Wall Street, blamed poor people and made it about race.
    ThomasFremont
  • USMChawkUSMChawk Posts: 294
    Standard Supporter 250 Answers 500 Awesomes 250 Up Votes
    2001400ex said:

    Sledog said:

    No. I got stupid fucking democrat policies led to poor lending practices for social justice bullshit which caused a huge housing bubble and it's eventual collapse that everyone had to pay for.

    Except Republicans controlled both houses of Congress and the presidency the 6 years prior. Dumbfuck.

    http://www.presidency.ucsb.edu/ws/?pid=81258
    Except the lowering of lending standards began during the Clinton administration. Bush gets his share of the blame for not addressing it but, the impetus of the crisis belongs to the Democrats.

    https://www.theatlantic.com/business/archive/2011/12/hey-barney-frank-the-government-did-cause-the-housing-crisis/249903/
    Alexis
  • allpurpleallgoldallpurpleallgold Posts: 7,191
    5000 Comments 250 Answers 500 Awesomes 500 Up Votes
    USMChawk said:

    2001400ex said:

    Sledog said:

    No. I got stupid fucking democrat policies led to poor lending practices for social justice bullshit which caused a huge housing bubble and it's eventual collapse that everyone had to pay for.

    Except Republicans controlled both houses of Congress and the presidency the 6 years prior. Dumbfuck.

    http://www.presidency.ucsb.edu/ws/?pid=81258
    Except the lowering of lending standards began during the Clinton administration. Bush gets his share of the blame for not addressing it but, the impetus of the crisis belongs to the Democrats.

    https://www.theatlantic.com/business/archive/2011/12/hey-barney-frank-the-government-did-cause-the-housing-crisis/249903/
    When you spend 8 years saying Obama needs to stop blaming Bush you lose all rights to factually look at things. It happened under Obama it’s his fault, stop blaming Bush. It happened under Bush it’s his fault, stop blaming Clinton.
    YellowSnowEdwin_Bambino
  • USMChawkUSMChawk Posts: 294
    Standard Supporter 250 Answers 500 Awesomes 250 Up Votes

    USMChawk said:

    2001400ex said:

    Sledog said:

    No. I got stupid fucking democrat policies led to poor lending practices for social justice bullshit which caused a huge housing bubble and it's eventual collapse that everyone had to pay for.

    Except Republicans controlled both houses of Congress and the presidency the 6 years prior. Dumbfuck.

    http://www.presidency.ucsb.edu/ws/?pid=81258
    Except the lowering of lending standards began during the Clinton administration. Bush gets his share of the blame for not addressing it but, the impetus of the crisis belongs to the Democrats.

    https://www.theatlantic.com/business/archive/2011/12/hey-barney-frank-the-government-did-cause-the-housing-crisis/249903/
    When you spend 8 years saying Obama needs to stop blaming Bush you lose all rights to factually look at things. It happened under Obama it’s his fault, stop blaming Bush. It happened under Bush it’s his fault, stop blaming Clinton.
    I understand how politics work and how decisions made during one administration carry over into the subsequent ones. Bush had the opportunity to tighten up the lending practices and didn’t. For that he gets his share of blame. But, the loosening of those regulations started under Clinton’s watch, when the Democrats controlled both Houses.

    Alexis
  • 2001400ex2001400ex Posts: 16,715
    10000 Comments 250 Answers Fifth Anniversary 500 Awesomes
    USMChawk said:

    USMChawk said:

    2001400ex said:

    Sledog said:

    No. I got stupid fucking democrat policies led to poor lending practices for social justice bullshit which caused a huge housing bubble and it's eventual collapse that everyone had to pay for.

    Except Republicans controlled both houses of Congress and the presidency the 6 years prior. Dumbfuck.

    http://www.presidency.ucsb.edu/ws/?pid=81258
    Except the lowering of lending standards began during the Clinton administration. Bush gets his share of the blame for not addressing it but, the impetus of the crisis belongs to the Democrats.

    https://www.theatlantic.com/business/archive/2011/12/hey-barney-frank-the-government-did-cause-the-housing-crisis/249903/
    When you spend 8 years saying Obama needs to stop blaming Bush you lose all rights to factually look at things. It happened under Obama it’s his fault, stop blaming Bush. It happened under Bush it’s his fault, stop blaming Clinton.
    I understand how politics work and how decisions made during one administration carry over into the subsequent ones. Bush had the opportunity to tighten up the lending practices and didn’t. For that he gets his share of blame. But, the loosening of those regulations started under Clinton’s watch, when the Democrats controlled both Houses.

    Actually Republicans controlled both houses from 1994 through the end of his presidency. But still.
    MikeDamone
  • oregonblitzkriegoregonblitzkrieg Posts: 10,644
    10000 Comments 250 Answers 500 Awesomes 500 Up Votes
    edited July 7
    If you guys are looking for a sacrificial pig to skewer, look no further than Goldman Sachs. Painting an entire sector of the economy as 'gambling' like the socialist from New York does is FS. Goldman does shit like horde aluminum, store it in adjacent lots, then shift it back and forth between lots in order to satisfy some rule pertaining to how long it can sit in one place, in order to avoid penalty and inflate the price of aluminum. It was their guy Paulson who orchestrated the bailout too.
  • USMChawkUSMChawk Posts: 294
    Standard Supporter 250 Answers 500 Awesomes 250 Up Votes
    edited July 7
    2001400ex said:

    USMChawk said:

    USMChawk said:

    2001400ex said:

    Sledog said:

    No. I got stupid fucking democrat policies led to poor lending practices for social justice bullshit which caused a huge housing bubble and it's eventual collapse that everyone had to pay for.

    Except Republicans controlled both houses of Congress and the presidency the 6 years prior. Dumbfuck.

    http://www.presidency.ucsb.edu/ws/?pid=81258
    Except the lowering of lending standards began during the Clinton administration. Bush gets his share of the blame for not addressing it but, the impetus of the crisis belongs to the Democrats.

    https://www.theatlantic.com/business/archive/2011/12/hey-barney-frank-the-government-did-cause-the-housing-crisis/249903/
    When you spend 8 years saying Obama needs to stop blaming Bush you lose all rights to factually look at things. It happened under Obama it’s his fault, stop blaming Bush. It happened under Bush it’s his fault, stop blaming Clinton.
    I understand how politics work and how decisions made during one administration carry over into the subsequent ones. Bush had the opportunity to tighten up the lending practices and didn’t. For that he gets his share of blame. But, the loosening of those regulations started under Clinton’s watch, when the Democrats controlled both Houses.

    Actually Republicans controlled both houses from 1994 through the end of his presidency. But still.
    And the Democrats controlled both houses from 1993 to 1995, when the ‘deregulation’ began. Both parties have their share of the blame but it was the Democrats who instituted the policies to woo the lower income voter. The Republicans didn’t overturn it because they were trying to pull those same voters. That’s my biggest issue with politics today, politicians do what’s best for them or their party, not the country.

    pawzSledogAlexis
  • SledogSledog Posts: 6,140
    5000 Comments 250 Answers 500 Awesomes 500 Up Votes
    edited July 7
    2001400ex said:

    Sledog said:

    No. I got stupid fucking democrat policies led to poor lending practices for social justice bullshit which caused a huge housing bubble and it's eventual collapse that everyone had to pay for.

    Except Republicans controlled both houses of Congress and the presidency the 6 years prior. Dumbfuck.

    http://www.presidency.ucsb.edu/ws/?pid=81258
    Except it was Jimmy Carter and Billy Boy Clinton that put those rules in place. Carter started it Clinton expanded it. Are you always this dumb? Of course you are.
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