83% of tax cuts to top 1%
Comments
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Supply-side economics will definitely work this time!greenblood said:And it should go to them. The top 1% pay 40% of the country’s taxes. While the bottom 90% pay only 29%. But yeah, let’s give the bottom 90% more breaks. Dumbfuck Hondo at it again.
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They don't call it trickle down piss on economics for no reason.UWhuskytskeet said:
Supply-side economics will definitely work this time!greenblood said:And it should go to them. The top 1% pay 40% of the country’s taxes. While the bottom 90% pay only 29%. But yeah, let’s give the bottom 90% more breaks. Dumbfuck Hondo at it again.
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It's clear you were talking out your ass and now can't back up your mouth. What do the rich do with their money that keeps it out of the economy Hondo?2001400ex said:It's clear you've never had money or known anyone with money.
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I'm using the MACROECONOMIC definition of investment. You know, since you invoked it in the first place.2001400ex said:
For investment, it depends on what you are considering investment. And yes, a lot higher percentage of the tax cuts given to the middle class goes back into the economy. Whereas, in an economy the way it's situated now, the majority of tax cuts given to the wealthy are not put back into the economy.UW_Doog_Bot said:
I love that you invoke macroeconomics. Tell me, do you think that investment is an unimportant factor of GDP? Or maybe you feel the multiplier is larger on consumption? I'd love to here your macroeconomic reasoning.2001400ex said:
Did you read the article?greenblood said:And it should go to them. The top 1% pay 40% of the country’s taxes. While the bottom 90% pay only 29%. But yeah, let’s give the bottom 90% more breaks. Dumbfuck Hondo at it again.
Not to mention your view of macroeconomics is fucked. So I'll break it down for you. If you want to cut taxes cause the government has too much money, then you cut from the wealthy. If you want to cut taxes to spur economic growth and create jobs, you give the tax cuts to the middle class. Where they will take the tax cuts and spend every penny. Spending creates growth.
Same with corporations. If our economy was shitty, the corporate tax cuts would go into more investment which would stimulate growth. But where we are at in the economic cycle, corporations are already flush with cash so their best use to create shareholder value was to buy back stock. Rather than invest in new businesses.
What is an 'Investment'
An investment is an asset or item acquired with the goal of generating income or appreciation. In an economic sense, an investment is the purchase of goods that are not consumed today but are used in the future to create wealth. In finance, an investment is a monetary asset purchased with the idea that the asset will provide income in the future or will later be sold at a higher price for a profit.
Read more: Investment https://investopedia.com/terms/i/investment.asp#ixzz5Wr223MUF
So in the MACROECONOMIC model even stockholder buybacks would contribute to measured economic growth. You should know this with your familiarity with MACROECONOMICS after all.
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Oh you meant "investment" investment. Hondo has his own person definition of what constitutes an investment, and it's clear that you have never had money or know anyone with money.
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They save it. Poor spend it. Pretty fucking simple actually.SFGbob said:
It's clear you were talking out your ass and now can't back up your mouth. What do the rich do with their money that keeps it out of the economy Hondo?2001400ex said:It's clear you've never had money or known anyone with money.
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Well if you are still holding onto Keynesian economics then you've been pretty fucking asleep for the last ten years...or last 100 for that matter. I love that you two are making fun of people for being economically illiterate while showing off your ignorance of the subject.UWhuskytskeet said:
Supply-side economics will definitely work this time!greenblood said:And it should go to them. The top 1% pay 40% of the country’s taxes. While the bottom 90% pay only 29%. But yeah, let’s give the bottom 90% more breaks. Dumbfuck Hondo at it again.
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How do they save it? Bury it in their backyards?UWhuskytskeet said:
They save it. Poor spend it. Pretty fucking simple actually.SFGbob said:
It's clear you were talking out your ass and now can't back up your mouth. What do the rich do with their money that keeps it out of the economy Hondo?2001400ex said:It's clear you've never had money or known anyone with money.
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Which theory do you subscribe to?UW_Doog_Bot said:
Well if you are still holding onto Keynesian economics then you've been pretty fucking asleep for the last ten years...or last 100 for that matter. I love that you two are making fun of people for being economically illiterate while showing off your ignorance of the subject.UWhuskytskeet said:
Supply-side economics will definitely work this time!greenblood said:And it should go to them. The top 1% pay 40% of the country’s taxes. While the bottom 90% pay only 29%. But yeah, let’s give the bottom 90% more breaks. Dumbfuck Hondo at it again.
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Can you have a discussion without feigning ignorance?SFGbob said:
How do they save it? Bury it in their backyards?UWhuskytskeet said:
They save it. Poor spend it. Pretty fucking simple actually.SFGbob said:
It's clear you were talking out your ass and now can't back up your mouth. What do the rich do with their money that keeps it out of the economy Hondo?2001400ex said:It's clear you've never had money or known anyone with money.
