BULLDOG
Diamond Member
- Jun 3, 2014
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That's already been tried. Remember trickle down? The corporations pocketed the extra cash, and no jobs were created. Why should that be different this time?Bull... tax reform, cutting corporate taxes, cutting regulations, will mean million and millions of good jobs for Americans...
Just so you know, corps don't sock the "extra cash" in a mattress.
When "corporations pocketed the extra cash" - in this case cash they weren't forced to spend by gov't regs - it trickled down to the shareholders (or owners) as dividends or was used to expand their business or pay higher wages. You know ... the very stuff loony leftists are always whining about but never understand?
Once in the hands of the worthy beneficiaries - owners and employees do have the right to those profits - it was spent on goods and services (creating jobs) or saved (increasing the pool loanable funds).
All good stuff.
Most American corps are small and mid-sized operations and much of their time, energy and treasure is WASTED complying with onerous, often counter-productive gov't regs and demands.
No. Those created jobs you mentioned didn't happen, and there was no noticeable difference in pay rate. The money was pocketed and much of it was stashed over seas where they didn't even pay taxes on it. It didn't help the country,as a whole, a bit.
Once more for the terminally dense (and as explained above):
When American corps "pocket" money they are not required by gov't to waste on onerous, often counter-productive gov't regs, they don't literally put it in their pockets.
Reagan coined the perfect description of dogma-spewing loony leftists:
"The trouble with our Liberal friends is not that they're ignorant; it's just that they know so much that isn't so." - Ronald Reagan
Yet the ones who received all the trickle down funds got all the benefit of them and it never trickled down.