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83% of tax cuts to top 1%
Comments
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That's your opinion and it's cute. Economists disagree and for good reasons. I can innumerate them if you'll bother to listen. Either way, I'd suggest you don't invoke your knowledge of Economics in future discussions.2001400ex said:
Holding positions in stock or cash in a back is not adding a significant resource to the economy. Now if they invest it in New businesses, then of course it's coming back into the economy. Or if they are spending it on toys. But that's not what happened, there's not one wealthy person who stopped and said "I have 2.2 billion instead of 2.1 billion in the bank because of the tax cut so now I'm going to start this new business."UW_Doog_Bot said:
Lol at this. Rich people don't have giant scrooge McDuck vaults of gold coins(well maybe the Saudis do). They invest their money. Which is very arguably a better use of resources for an economy long term than short term consumables that the poor use. Either way, it is cycled into the economy though, which defeats your point.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.
And even if they did have a vault of gold coins it would still be a form of investment as those assets don't come from thin air.
I'd suggest that you guys stop invoking your superior knowledge of economics as validation for your positions. -
What part of this discussion do you disagree with? I'd like to hear your thoughts.UW_Doog_Bot said:
That's your opinion and it's cute. Economists disagree and for good reasons. I can innumerate them if you'll bother to listen. Either way, I'd suggest you don't invoke your knowledge of Economics in future discussions.2001400ex said:
Holding positions in stock or cash in a back is not adding a significant resource to the economy. Now if they invest it in New businesses, then of course it's coming back into the economy. Or if they are spending it on toys. But that's not what happened, there's not one wealthy person who stopped and said "I have 2.2 billion instead of 2.1 billion in the bank because of the tax cut so now I'm going to start this new business."UW_Doog_Bot said:
Lol at this. Rich people don't have giant scrooge McDuck vaults of gold coins(well maybe the Saudis do). They invest their money. Which is very arguably a better use of resources for an economy long term than short term consumables that the poor use. Either way, it is cycled into the economy though, which defeats your point.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.
And even if they did have a vault of gold coins it would still be a form of investment as those assets don't come from thin air.
I'd suggest that you guys stop invoking your superior knowledge of economics as validation for your positions. -
“Innumerate” means that you don’t understand math, numbers, equations, theorems and derivatives.UW_Doog_Bot said:
That's your opinion and it's cute. Economists disagree and for good reasons. I can innumerate them if you'll bother to listen. Either way, I'd suggest you don't invoke your knowledge of Economics in future discussions.2001400ex said:
Holding positions in stock or cash in a back is not adding a significant resource to the economy. Now if they invest it in New businesses, then of course it's coming back into the economy. Or if they are spending it on toys. But that's not what happened, there's not one wealthy person who stopped and said "I have 2.2 billion instead of 2.1 billion in the bank because of the tax cut so now I'm going to start this new business."UW_Doog_Bot said:
Lol at this. Rich people don't have giant scrooge McDuck vaults of gold coins(well maybe the Saudis do). They invest their money. Which is very arguably a better use of resources for an economy long term than short term consumables that the poor use. Either way, it is cycled into the economy though, which defeats your point.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.
And even if they did have a vault of gold coins it would still be a form of investment as those assets don't come from thin air.
I'd suggest that you guys stop invoking your superior knowledge of economics as validation for your positions.
“Enumerate” means that you are providing an ordinal list.
Doog bot has a BS in economics. -
I definitely worry about my grammar and spelling on this cite. I definitely do.CirrhosisDawg said:
“Innumerate” means that you don’t understand math, numbers, equations, theorems and derivatives.UW_Doog_Bot said:
That's your opinion and it's cute. Economists disagree and for good reasons. I can innumerate them if you'll bother to listen. Either way, I'd suggest you don't invoke your knowledge of Economics in future discussions.2001400ex said:
Holding positions in stock or cash in a back is not adding a significant resource to the economy. Now if they invest it in New businesses, then of course it's coming back into the economy. Or if they are spending it on toys. But that's not what happened, there's not one wealthy person who stopped and said "I have 2.2 billion instead of 2.1 billion in the bank because of the tax cut so now I'm going to start this new business."UW_Doog_Bot said:
Lol at this. Rich people don't have giant scrooge McDuck vaults of gold coins(well maybe the Saudis do). They invest their money. Which is very arguably a better use of resources for an economy long term than short term consumables that the poor use. Either way, it is cycled into the economy though, which defeats your point.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.
And even if they did have a vault of gold coins it would still be a form of investment as those assets don't come from thin air.
I'd suggest that you guys stop invoking your superior knowledge of economics as validation for your positions.
“Enumerate” means that you are providing an ordinal list.
Doog bot has a BS in economics. -
Innumerate is a typo for enumerate? Maybe Freudian psychology is your thing.UW_Doog_Bot said:
I definitely worry about my grammar and spelling on this cite. I definitely do.CirrhosisDawg said:
“Innumerate” means that you don’t understand math, numbers, equations, theorems and derivatives.UW_Doog_Bot said:
That's your opinion and it's cute. Economists disagree and for good reasons. I can innumerate them if you'll bother to listen. Either way, I'd suggest you don't invoke your knowledge of Economics in future discussions.2001400ex said:
Holding positions in stock or cash in a back is not adding a significant resource to the economy. Now if they invest it in New businesses, then of course it's coming back into the economy. Or if they are spending it on toys. But that's not what happened, there's not one wealthy person who stopped and said "I have 2.2 billion instead of 2.1 billion in the bank because of the tax cut so now I'm going to start this new business."UW_Doog_Bot said:
Lol at this. Rich people don't have giant scrooge McDuck vaults of gold coins(well maybe the Saudis do). They invest their money. Which is very arguably a better use of resources for an economy long term than short term consumables that the poor use. Either way, it is cycled into the economy though, which defeats your point.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.
And even if they did have a vault of gold coins it would still be a form of investment as those assets don't come from thin air.
I'd suggest that you guys stop invoking your superior knowledge of economics as validation for your positions.
“Enumerate” means that you are providing an ordinal list.
Doog bot has a BS in economics. -
Looks like the simple minded do2001400ex said:
It's actually amazing how simple that is. And people still don't understand it.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.
We need tax cuts for the 50% who pay no fed income tax
Fucking brilliant -
Well for one, as I said, you are wrong by the definition you invoked.2001400ex said:
What part of this discussion do you disagree with? I'd like to hear your thoughts.UW_Doog_Bot said:
That's your opinion and it's cute. Economists disagree and for good reasons. I can innumerate them if you'll bother to listen. Either way, I'd suggest you don't invoke your knowledge of Economics in future discussions.2001400ex said:
Holding positions in stock or cash in a back is not adding a significant resource to the economy. Now if they invest it in New businesses, then of course it's coming back into the economy. Or if they are spending it on toys. But that's not what happened, there's not one wealthy person who stopped and said "I have 2.2 billion instead of 2.1 billion in the bank because of the tax cut so now I'm going to start this new business."UW_Doog_Bot said:
Lol at this. Rich people don't have giant scrooge McDuck vaults of gold coins(well maybe the Saudis do). They invest their money. Which is very arguably a better use of resources for an economy long term than short term consumables that the poor use. Either way, it is cycled into the economy though, which defeats your point.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.
And even if they did have a vault of gold coins it would still be a form of investment as those assets don't come from thin air.
I'd suggest that you guys stop invoking your superior knowledge of economics as validation for your positions.
But more directly, holding stock and holding cash in a bank are actually forms of investment. Banks use the money as reserves which allow them to loan the money out for investments on such things as "new" businesses or say, home mortgages. Holding stock, similarly, costs money to buy, which when bought allows a company to fund further capital investments or other expenses.
And even barring all of that, storing assets, which is what you are attempting to use as an example I assume, creates a store of value as a future option, which has economic value. Keynesians will even tell you that breaking a window or building bridges to nowhere have economic value since that money is cycled back into the economy. I would argue that's inefficient but as C-dawg likes to point out, I only have a BS
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Except for when you were talking about them.UWhuskytskeet said:
I'm not talking about them.SFGbob said:
How do you cut taxes for people who already pay no income taxes and get far more out in benefits than they pay in?UWhuskytskeet said:
Great, and which has a massively larger net-economic impact, tax cuts for the rich or tax cuts for the poor?SFGbob said:
Can you honestly address a question you're asked? Unless the rich are putting their tax money in a mattress they are investing it even if they are saving it.UWhuskytskeet said:
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.
Great, and which has a massively larger net-economic impact, tax cuts for the rich or tax cuts for the poor?
Is there some subgroup of poor people that I'm unaware of that do pay a lot of taxes? -
2001400ex said:
Holding positions in stock or cash in a back is not adding a significant resource to the economy. Now if they invest it in New businesses, then of course it's coming back into the economy. Or if they are spending it on toys. But that's not what happened, there's not one wealthy person who stopped and said "I have 2.2 billion instead of 2.1 billion in the bank because of the tax cut so now I'm going to start this new business."UW_Doog_Bot said:
Lol at this. Rich people don't have giant scrooge McDuck vaults of gold coins(well maybe the Saudis do). They invest their money. Which is very arguably a better use of resources for an economy long term than short term consumables that the poor use. Either way, it is cycled into the economy though, which defeats your point.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.
And even if they did have a vault of gold coins it would still be a form of investment as those assets don't come from thin air.
I'd suggest that you guys stop invoking your superior knowledge of economics as validation for your positions.
Holding positions in stock or cash in a back is not adding a significant resource to the economy.
I believe I just witnessed a goal post whizzing by at 100mph.
Hondo why do you feel the government is better qualified to determine where and how people should invest and spend their own money rather than the people who actually earned it? -
Do you mean to tell me that Hondo's claim that he knows people with money therefore he knows economics isn't enough to persuade you?UW_Doog_Bot said:
That's your opinion and it's cute. Economists disagree and for good reasons. I can innumerate them if you'll bother to listen. Either way, I'd suggest you don't invoke your knowledge of Economics in future discussions.2001400ex said:
Holding positions in stock or cash in a back is not adding a significant resource to the economy. Now if they invest it in New businesses, then of course it's coming back into the economy. Or if they are spending it on toys. But that's not what happened, there's not one wealthy person who stopped and said "I have 2.2 billion instead of 2.1 billion in the bank because of the tax cut so now I'm going to start this new business."UW_Doog_Bot said:
Lol at this. Rich people don't have giant scrooge McDuck vaults of gold coins(well maybe the Saudis do). They invest their money. Which is very arguably a better use of resources for an economy long term than short term consumables that the poor use. Either way, it is cycled into the economy though, which defeats your point.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.
And even if they did have a vault of gold coins it would still be a form of investment as those assets don't come from thin air.
I'd suggest that you guys stop invoking your superior knowledge of economics as validation for your positions.
It's clear you've never had money or known anyone with money.
