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Trump's tax cut didn't trickle down
Comments
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We know this already?
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Hondo's posted it 2.1 million times.RaceBannon said:We know this already?
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A far cry from the victory lap that took place when bonuses were handed out for Christmas.RaceBannon said:We know this already?
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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.
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No. Still runningallpurpleallgold said:
A far cry from the victory lap that took place when bonuses were handed out for Christmas.RaceBannon said:We know this already?
It's an absurd statement to say they aren't working
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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.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.
I'm trying to do a better job "defending" the stance than Hondo. It shouldn't be hard. -
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.RaceBannon said:
No. Still runningallpurpleallgold said:
A far cry from the victory lap that took place when bonuses were handed out for Christmas.RaceBannon said:We know this already?
It's an absurd statement to say they aren't working -
- 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. -
No one deserves a bigger piece of the pie than the people that nearly destroyed our country a decade ago.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. -
But will the tax cuts pay for themselves? Asking for a fren.
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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.RaceBannon said:
No. Still runningallpurpleallgold said:
A far cry from the victory lap that took place when bonuses were handed out for Christmas.RaceBannon said:We know this already?
It's an absurd statement to say they aren't working
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. -
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"
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poor people who took out mortgages they knew they couldnt pay back?allpurpleallgold said:
No one deserves a bigger piece of the pie than the people that nearly destroyed our country a decade ago.
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.rodmansrage said:
poor people who took out mortgages they knew they couldnt pay back?allpurpleallgold said:
No one deserves a bigger piece of the pie than the people that nearly destroyed our country a decade ago.
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.'
But other than that you are right. This is a racial issue. Only white people run big banks. -
Tax cuts came through and motherfuckers letting their freak flags fly.rodmansrage said:
poor people who took out mortgages they knew they couldnt pay back?allpurpleallgold said:
No one deserves a bigger piece of the pie than the people that nearly destroyed our country a decade ago.
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.' -
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.2001400ex said:
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.RaceBannon said:
No. Still runningallpurpleallgold said:
A far cry from the victory lap that took place when bonuses were handed out for Christmas.RaceBannon said:We know this already?
It's an absurd statement to say they aren't working
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 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.
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A business owner making $2 million a year got a bigger ANNUAL tax cut than the average 401k balance for a middle class worker.oregonblitzkrieg said:
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.2001400ex said:
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.RaceBannon said:
No. Still runningallpurpleallgold said:
A far cry from the victory lap that took place when bonuses were handed out for Christmas.RaceBannon said:We know this already?
It's an absurd statement to say they aren't working
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 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.
HTH -
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?
Is your position that anything that helps someone who is middle class is bad if it ALSO helps someone rich?2001400ex said:
A business owner making $2 million a year got a bigger ANNUAL tax cut than the average 401k balance for a middle class worker.oregonblitzkrieg said:
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.2001400ex said:
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.RaceBannon said:
No. Still runningallpurpleallgold said:
A far cry from the victory lap that took place when bonuses were handed out for Christmas.RaceBannon said:We know this already?
It's an absurd statement to say they aren't working
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 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.
HTH -
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.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. -
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.Pitchfork51 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?
Is your position that anything that helps someone who is middle class is bad if it ALSO helps someone rich?2001400ex said:
A business owner making $2 million a year got a bigger ANNUAL tax cut than the average 401k balance for a middle class worker.oregonblitzkrieg said:
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.2001400ex said:
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.RaceBannon said:
No. Still runningallpurpleallgold said:
A far cry from the victory lap that took place when bonuses were handed out for Christmas.RaceBannon said:We know this already?
It's an absurd statement to say they aren't working
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 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.
HTH
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. -
Pitchfork51 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?
Is your position that anything that helps someone who is middle class is bad if it ALSO helps someone rich?2001400ex said:
A business owner making $2 million a year got a bigger ANNUAL tax cut than the average 401k balance for a middle class worker.oregonblitzkrieg said:
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.2001400ex said:
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.RaceBannon said:
No. Still runningallpurpleallgold said:
A far cry from the victory lap that took place when bonuses were handed out for Christmas.RaceBannon said:We know this already?
It's an absurd statement to say they aren't working
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 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.
HTH
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.pawz said:Pitchfork51 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?
Is your position that anything that helps someone who is middle class is bad if it ALSO helps someone rich?2001400ex said:
A business owner making $2 million a year got a bigger ANNUAL tax cut than the average 401k balance for a middle class worker.oregonblitzkrieg said:
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.2001400ex said:
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.RaceBannon said:
No. Still runningallpurpleallgold said:
A far cry from the victory lap that took place when bonuses were handed out for Christmas.RaceBannon said:We know this already?
It's an absurd statement to say they aren't working
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 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.
HTH
Yes.
HondoFS is on record as wanting the middle class to suffer just so he can be right. -
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.2001400ex said:
Other than the bank told the poor people they could afford the loans. Because the banks knew they could sell them.rodmansrage said:
poor people who took out mortgages they knew they couldnt pay back?allpurpleallgold said:
No one deserves a bigger piece of the pie than the people that nearly destroyed our country a decade ago.
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.'
But other than that you are right. This is a racial issue. Only white people run big banks.
My Dems (RIP), showing great leadership organizedthe bailoutthe 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 wegaveloaned 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.Baseman said:
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.2001400ex said:
Other than the bank told the poor people they could afford the loans. Because the banks knew they could sell them.rodmansrage said:
poor people who took out mortgages they knew they couldnt pay back?allpurpleallgold said:
No one deserves a bigger piece of the pie than the people that nearly destroyed our country a decade ago.
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.'
But other than that you are right. This is a racial issue. Only white people run big banks.
My Dems (RIP), showing great leadership organizedthe bailoutthe 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 wegaveloaned the banks money —all repaid in full, plus profit, by the way. -
So you agree with loaning people large sums of money who really didn't qualify for the loan? Democrats all the way!2001400ex said:
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.Baseman said:
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.2001400ex said:
Other than the bank told the poor people they could afford the loans. Because the banks knew they could sell them.rodmansrage said:
poor people who took out mortgages they knew they couldnt pay back?allpurpleallgold said:
No one deserves a bigger piece of the pie than the people that nearly destroyed our country a decade ago.
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.'
But other than that you are right. This is a racial issue. Only white people run big banks.
My Dems (RIP), showing great leadership organizedthe bailoutthe 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 wegaveloaned the banks money —all repaid in full, plus profit, by the way. -
Da Fuq?!? Hank Paulson wasn’t a democrat.Baseman said:
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.2001400ex said:
Other than the bank told the poor people they could afford the loans. Because the banks knew they could sell them.rodmansrage said:
poor people who took out mortgages they knew they couldnt pay back?allpurpleallgold said:
No one deserves a bigger piece of the pie than the people that nearly destroyed our country a decade ago.
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.'
But other than that you are right. This is a racial issue. Only white people run big banks.
My Dems (RIP), showing great leadership organizedthe bailoutthe 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 wegaveloaned the banks money —all repaid in full, plus profit, by the way.
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Is that really what you got from what I said or you being a smart ass?Sledog said:
So you agree with loaning people large sums of money who really didn't qualify for the loan? Democrats all the way!2001400ex said:
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.Baseman said:
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.2001400ex said:
Other than the bank told the poor people they could afford the loans. Because the banks knew they could sell them.rodmansrage said:
poor people who took out mortgages they knew they couldnt pay back?allpurpleallgold said:
No one deserves a bigger piece of the pie than the people that nearly destroyed our country a decade ago.
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.'
But other than that you are right. This is a racial issue. Only white people run big banks.
My Dems (RIP), showing great leadership organizedthe bailoutthe 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 wegaveloaned the banks money —all repaid in full, plus profit, by the way. -
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.
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Except Republicans controlled both houses of Congress and the presidency the 6 years prior. Dumbfuck.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.
http://www.presidency.ucsb.edu/ws/?pid=81258
