If Trickle Down Economics doesn't work, then how do you explain the love for Stimulus?

[whitehall]

Trickle down is part of capitalism. The stimulus is confiscation and redistribution of wealth. Right up the democrat ally.

 

[Slade3200]

While the rich guy would just buy another car with it. And that car would most likely be an import, like a Mercedes, or a BMW, and Audi, a Jaguar, Lexus etc.

The rich guy spent his money? Bastard!!

How much sales tax did he pay on that car?
How much money did the car dealership earn?
How many jobs did his purchase support?

$3000 ; $10,945 ; 5673

A wealthy person can fly to Europe, buy a car there for far less, put 1000 miles on it so it is labeled as used, and then bring it back to the US without paying any taxes or US dealership charges.

Sounds tricky. What’s your point?

 

[Slade3200]

Trickle down is part of capitalism. The stimulus is confiscation and redistribution of wealth. Right up the democrat ally.

All taxation is confiscation of wealth yet it is a vital element of our system. Our country wouldn’t exist without it

 

[hadit]

When the govt pays more than a job does, to me there's something wrong with the wages emiyers are offering.

That's a false comparison, because the government can arbitrarily pay people whatever amount they want. A business cannot arbitrarily set wages, as they are bound by reality. When a company runs out of money, it cannot continue to operate. When a government runs out of money, it can simply extort more from the taxpayers or just print more. You are setting up a scenario where Dad (who has to earn what he can spend on toys) has to give more than Santa Clause (who can have whatever toys he wants in his bag) or there's something wrong.

 

[jc456]

This is where I part ways with RWers and business owners, many of whom I know...Trickle Down is bullshit.
The problem?
Everyone has always wanted to live a life of luxury with the latest toys and there's "no money" to pay someone to do what you need done.
The many people I know who are employees and make several hundred thousand a year are never home and have no relationship with their spouses or children.

how does that stop spending exactly?

 

[Toddsterpatriot]

You give someone with 20 million dollars another 5 million they don't have a reason to spend that. They already have enough to buy what they want.

Who gave that guy another $5 million? How?

Please.

I see you're unable to explain.

This has been discussed many times, and including in this thread already.

I just joined the thread, where was it explained? Post #?

Quit being a lazy ass and read the thread before jumping in.

well kiddo, I just did a search in the thread for all of your posts in here

Post#3, nope
Post #17 nope
Post #18 nope
Poat #24 nope
Post #25 nope
Post #29 nope
Post #30 nope
Post #37 nope
Post #38 nope
Post #46 nope
Post #50 nope
Post #52 nope
Post #87 nope
Post #91 nope
Post #92 nope
Post #113 nope
Post #114 nope
Post #123 nope
Post #132 nope
Post #151 nope
Post #165 nope

Not once do you explain who gave the person with 20 million 5 million more. so you've lied. I took the time to share your lie.

Easy to explain.
Anyone with a $20 million income should be paying more than $5 million in taxes.
But if you create enough loopholes, write offs, and exemptions in the tax regulations, he can save $5 million in taxes and be $5 million more wealthy than he was.
That is not the issue.

The issue is that the wealthy have way more than they need for immediate local needs, like food, housing, transportation, etc., so they do not have to spend any additional income they get, locally.
If a wealthy person gets more income, they could spend it locally on an investment like rental income housing, a factory, etc., but they also could just invest in Asian stocks. Which doe not help the US economy at all, in any way, if they do that.
And clearly the wealthy in the US has been investing heavily in Asian stocks.
Like Apple building all their iPhones in China.

The issue is that the wealthy have way more than they need for immediate local needs, like food, housing, transportation, etc., so they do not have to spend any additional income they get, locally.

Of course, you should be able to decide how that money is spent, eh comrade?

And clearly the wealthy in the US has been investing heavily in Asian stocks.
Like Apple building all their iPhones in China

You're free to buy some Apple shares.

 

[jc456]

All taxation is confiscation of wealth yet it is a vital element of our system. Our country wouldn’t exist without it

and when the politicians spend more than they receive, how is that good?

 

[Toddsterpatriot]

The Top have decided to take more profits

Those bastards!
Burying the profits in the backyard. Hiding it under the mattress.

Just awful!

Huh? Who said anything about that Captain Random??

Wait, the rich guys don't bury their profits?
What do they do with them?

They invest them and accrue interest

Damn rich guy, investing in businesses that create useful products and support jobs.

Heartless bastard!!!!

Huh? What are you talking about?

Your whining about rich guys taking more profits.

 

[Indeependent]

This is where I part ways with RWers and business owners, many of whom I know...Trickle Down is bullshit.
The problem?
Everyone has always wanted to live a life of luxury with the latest toys and there's "no money" to pay someone to do what you need done.
The many people I know who are employees and make several hundred thousand a year are never home and have no relationship with their spouses or children.

how does that stop spending exactly?

Who's doing almost all the complaining?
People will no skill set.
The same people who want open borders.
They're insane.

 

[Toddsterpatriot]

While the rich guy would just buy another car with it. And that car would most likely be an import, like a Mercedes, or a BMW, and Audi, a Jaguar, Lexus etc.

The rich guy spent his money? Bastard!!

How much sales tax did he pay on that car?
How much money did the car dealership earn?
How many jobs did his purchase support?

$3000 ; $10,945 ; 5673

Sales tax, business earnings and jobs ought to be outlawed, eh?

No those are all key elements in our economic system. You are having serious comprehension issues today Todd. Maybe you need a nap??

I have no issues, just mocking your (and Gene's) issues.

 

[hadit]

The left loves stimulus, so long as it's driven by dementia instead of the orange man.

But the left hates trickle down. In their minds the more you take from employers the more likely employees are to get a raise. Let's call it what it is instead, they desire govt. entitlements, because that's the only other direction, and that starves a country under socialism. But the PROGS talk anyway, they do that a lot. In PROG, the less money you make the better car you drive, debt & bad decisions are personal too.

Trickle down economics is just a term. For those who think rationally it's really up & down, an exchange of money ongoing. If that shit don't work, then explain why economic stimulus is different, go!

Stimulus is the opposite of "Trickle Down". Stimulus is taking money from the rich and giving it to working class people. (Which is only sensible, since the rich stole it from them to start with). Trickle down is not taxing the rich and hoping they share some of the wealth with poor people.

They don't.

View attachment 494518

Stole it. It is to laugh. I agree to pay you $25 to cut someone's grass. They give me $75 for the job. I have stolen nothing from you, because you agreed to do the work for the pay. Notice that I have to pay you whether the customer pays me or not. I also am liable for damages if you stupidly cut her rose bushes down. If she sues, it's my butt on the line, not yours, and on it goes. But hey, you have no idea what it costs someone to build and run a business, so who cares, right? Every business is an endless pot of money.

 

[Rigby5]

because Jesus wants poor people to starve...

But Jesus DID NOT say:

If you meet a hungry man on the road to Damascus, form a lib political action committee and petition Caesar to give him bread

Jesus taught everyone to give to the poor directly not through government

Yeah funny enough that it is Republicans who are the most charitable.

Often one of the reasons to give more to charities is to reduce your income tax bracket.
So the way the tax regulations are set up, charitable contributions can be motivated by greed.

 

[jc456]

Who's doing almost all the complaining?
People will no skill set.
The same people who want open borders.
They're insane.

you made a statement about breaking from republicans, but I didn't understand why. explain again.

 

[Toddsterpatriot]

A wealthy person can fly to Europe, buy a car there for far less, put 1000 miles on it so it is labeled as used, and then bring it back to the US without paying any taxes or US dealership charges.

Link?

 

[hadit]

because Jesus wants poor people to starve...

But Jesus DID NOT say:

If you meet a hungry man on the road to Damascus, form a lib political action committee and petition Caesar to give him bread

Jesus taught everyone to give to the poor directly not through government

Yeah funny enough that it is Republicans who are the most charitable.

Often one of the reasons to give more to charities is to reduce your income tax bracket.
So the way the tax regulations are set up, charitable contributions can be motivated by greed.

Not so much any more. The charitable deduction is going the way of the dodo bird.

 

[jc456]

Often one of the reasons to give more to charities is to reduce your income tax bracket.
So the way the tax regulations are set up, charitable contributions can be motivated by greed.

explain for us.

 

[meaner gene]

that's not a tax cut. you seem to be referring to stimulus money. And no one got 100,000. no one gets money back for tax cuts, they don't pay as much. you really aren't any good at this.

THE PROMISE: IT WILL BE A MIDDLE-CLASS TAX CUT - Americans For Tax Fairness

“Our framework ensures that the benefits of tax reform go to the middle class, not to the highest earners.” – President Trump, Oct. 11, 2017 [USA Today] “The rich will not be gaining at all with this plan.” – President Trump, Sept. 13, 2017 [The Guardian] Source: Institute on Taxation and...

americansfortaxfairness.org

The richest 1% of taxpayers will get an average tax cut of $50,000 in 2020 from the Trump-GOP tax cuts. That’s over 75 times more than the tax cut for the bottom 80% of taxpayers, which will average $645.

 

[jc456]

because Jesus wants poor people to starve...

But Jesus DID NOT say:

If you meet a hungry man on the road to Damascus, form a lib political action committee and petition Caesar to give him bread

Jesus taught everyone to give to the poor directly not through government

Yeah funny enough that it is Republicans who are the most charitable.

Often one of the reasons to give more to charities is to reduce your income tax bracket.
So the way the tax regulations are set up, charitable contributions can be motivated by greed.

Not so much any more. The charitable deduction is going the way of the dodo bird.

yep the dems are even taking away charity, what a group of people.

 

[Indeependent]

Who's doing almost all the complaining?
People will no skill set.
The same people who want open borders.
They're insane.

you made a statement about breaking from republicans, but I didn't understand why. explain again.

I am anti-Tax Breaks for moving your business off-Shore, firing millions of US Citizens and replacing them with with Business Visas and having to wait for Trump to run for anyone with an R next their name to bring up the Open Border issue.
Face it, if Trump never ran, no other R would ever run on his platform.

 

[Indeependent]

that's not a tax cut. you seem to be referring to stimulus money. And no one got 100,000. no one gets money back for tax cuts, they don't pay as much. you really aren't any good at this.

THE PROMISE: IT WILL BE A MIDDLE-CLASS TAX CUT - Americans For Tax Fairness

“Our framework ensures that the benefits of tax reform go to the middle class, not to the highest earners.” – President Trump, Oct. 11, 2017 [USA Today] “The rich will not be gaining at all with this plan.” – President Trump, Sept. 13, 2017 [The Guardian] Source: Institute on Taxation and...

americansfortaxfairness.org

The richest 1% of taxpayers will get an average tax cut of $50,000 in 2020 from the Trump-GOP tax cuts. That’s over 75 times more than the tax cut for the bottom 80% of taxpayers, which will average $645.

They also spend way more on products and services.