83% of tax cuts to top 1%

UW_Doog_Bot said:

Swaye said:

MikeDamone said:

2001400ex said:

MikeDamone said:

2001400ex said:

MikeDamone said:

2001400ex said:

MikeDamone said:

2001400ex said:

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.

Did you read the article?

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.

No, productivity creates growth/wealth.

No. It doesn't. You can build a bunch of shit. But if no one buys it. What happened in the economy? That's where supply side economics fails. Without demand and consumption, there is no economy.

Hey dumb fuck, you can’t buy anything without someone first being productive. You can’t spend a dollar without first being productive enough to generate a dollar. You can’t eat out of your garden without first producing the food. “Spending” doesn’t create growth. Unless you susbscribe to Krugman broken window theory nonsense that a good hurricane is good for the economy.

Consumption and spending always follow production and wealth creation.

If you grow something no one wants, you get nothing for it. Demand drives the economy. That's why supply side economics was shit in the 80s/early 90s and we took off in the late 90s when that shit was gone.

Jesus Christ. You’re an ignorant dumbshit.

Care to make an argument with facts or information? Or just flail around looking dumb saying shit like "grow it and they will buy it".

You’ve provided no facts or information. Just showed your ignorance. No matter what I say you will never concede my position is correct. Do your own fucking research. Start with reading the Wealth of Nations. Then read Hazlitt’s Economics in One Lesson. Then FA Hayeks The Road to Serfdom. I usually ask those who are ignorant to start there, then we can debate those points on there merit. Idiots who start with “Tickle down” and bullshit that only exists as political terms aren’t worth the time. The starting position of their knowledge is too low to have any dialogue.

I didnt say “grow it and they will buy it”. I said ther person doing the buying has to first have something buy it with. I.e. they needs to br productive first. The person growing has to be productive and invest before there can be anything to selll. Productivity creates wealth. It always has and always will.

I read Hazlitt's Lesson. It was only 5 pages or so. I stopped at Part 2, the broken window. It's hard.

This is impressive for someone who can't read. Still doing better than HondoFS.