Liberals Believe in Trickle Down Economics

[Boss]

Why does wealth inequality coincide with lower corporate taxes?

It doesn't, this is just a circumstantial coincidence.

"Wealth inequality" is more Maoist claptrap you've bought into. The natural condition in any free market capitalist economy is persistent income disparity, it can't be avoided in a capitalist system. Wealthy capitalists will always continue to make more wealth at a faster pace than poor people. This is because wealthy people generally have more motivation and drive to attain wealth, which is how they became wealthy to start with. The poor are generally less motivated and have less ambition to attain wealth, thus they remain poor or stagnant.

So it's like looking at a marathon race and saying.. hey, the seasoned marathon runners are outpacing the couch potatoes! OMG... what do we do about that? Well, there is nothing you can do about that, it's a natural circumstance that can't be avoided. It does absolutely no good to start hobbling the marathon runners to make them slower. Even the hobbled and slow marathon runner is likely going to be as fast as the couch potatoes. The better idea would be to motivate the couch potatoes, turn them into seasoned marathon runners.

 

[Boss]

No more than the person who designs and puts together a company and designs jobs in that company, simple enough for those people to do while still producing enough profit for the company to survive and have enough for the next new product launch.

I've noticed that the people who scream the loudest in outrage at people who form and run companies, are the people who have never formed and run companies, and so have no clue what such people do and how much they risk.

You are absolutely right. And if you query these people who decry the pay of CEOs, you will find that they have not a clue what a CEO does. A liberal friend of mine was recently on a rant at a gathering I was at, and usually I won't get involved in political conversations because I tend to be the lone conservative in my group of friends, but he just kept on and on about the rich greedy CEOs making all this money they don't deserve while the poor workers lived on mac and cheese... blah blah blah. Finally, I asked him... What do you think a CEO typically does? His response was priceless. Apparently, according to him... CEOs "take phone calls and go to meetings" and that's about it. The rest of the time, they are jetting around the world on the corporate G-5, spending lavish amounts of money living like kings. This is amusing to me, since the CEOs are employed by capitalists who have the sole objective of making as much profit as possible for their company and shareholders. It would seem they could hire a secretary to take phone calls and some junior accountant intern to go to meetings, and sell that corporate jet... save all kinds of money and make greater profits! I guess capitalists are just really dumb not to do this, huh?

Most CEOs of large corporations hire people to do the work for them; they do not do the work themselves.
They usually present the result of the work of their underlings to the Board.

If that is the case, why couldn't the capitalist who hires the CEO "cut out the middle man" and do this themselves? Seems they would make greater profits.

 

[Avorysuds]

Capitalists do not create wealth.......the workers do

Incorrect. Both create wealth, I know because unlike you I actually own a business.

Of everything I have to cut to make bills employee's are the biggest and easiest area to cut costs. In fact if I wanted to I could cut half my payroll tomorrow and increase how much I make instantly, by a lot. But i already work 60ish hours a week and don't need to work 80-100 hours to make more wealth. So I hire people to work for me, I create the opportunity for others to HELP create wealth.

6 years of Obama policies and the poor are poorer, the rich are richer... It's time to either pull away from the destructive progressive policies that of Bush/Obama reps and dems or go full blown socialist (or whatever) and quickly die as a country so we can start over.

History will remember Obama for what happened, not what you wish happened. Just like history remembers Bush that way. Even now history is catching up to FDR. There is no escaping the long term history. Progressive policies literally kill more human life than anything else.

 

[ScienceRocks]

I believe in both as there's supply and demand.

Sadly conservatives seem to think it only goes one way...Economics works in both directions(many directions) as demand can effect suppliers and suppliers can effect demand. You can see this with a supply and demand flow chart.

 

[The T]

How do they get the job to be able to do that?

.

I've heard Sean Hannity say it often....
Try getting a job from a poor person!

Hannity is a dolt, try offering a service without a working person.

Another fucking DOLT that thinks companies exist just to hire people. And people ARE compensated for what they do. If it isn't enough? Go find another one. Christ you leftists are so fucking dense.

 

[Boss]

Why else do they constantly spend their time spewing lies about conservatives such as "poisoning the air", "stealing from children", "dispossessing seniors", "throwing granny off the cliff", and now "CEOs eating three hour lobster lunches"?

Saul Alinsky's Rules for Radicals explains this. They start by convincing the majority that their ideas are outdated and obsolete. Then they promote their own ideas as being "the way intelligent people think." Over time, this works to change the dynamics and usher in their liberalism. It's all about perception and it's easy for people who are not actively involved in politics to be taken in, duped by this tactic, and eventually siding with the liberals. Half the country doesn't vote and isn't keeping up with politics at all, so they have a huge base to work with.

 

[Erand7899]

Capitalists do not create wealth.......the workers do

Utter nonsense! Creation of wealth requires a work place, raw materials, tools, and workers. Without capital, there are no workers, and there is no wealth created.

 

[Mac1958]

.

Companies exist to provide profits for owners/shareholders.

That's it.

Not to pay your bills.

.

 

[KNB]

Why does wealth inequality coincide with lower corporate taxes?

It doesn't, this is just a circumstantial coincidence.

"Wealth inequality" is more Maoist claptrap you've bought into. The natural condition in any free market capitalist economy is persistent income disparity, it can't be avoided in a capitalist system. Wealthy capitalists will always continue to make more wealth at a faster pace than poor people. This is because wealthy people generally have more motivation and drive to attain wealth, which is how they became wealthy to start with. The poor are generally less motivated and have less ambition to attain wealth, thus they remain poor or stagnant.

So it's like looking at a marathon race and saying.. hey, the seasoned marathon runners are outpacing the couch potatoes! OMG... what do we do about that? Well, there is nothing you can do about that, it's a natural circumstance that can't be avoided. It does absolutely no good to start hobbling the marathon runners to make them slower. Even the hobbled and slow marathon runner is likely going to be as fast as the couch potatoes. The better idea would be to motivate the couch potatoes, turn them into seasoned marathon runners.

Wal-Mart profited nearly $16B in the last three months of 2011, while its part-time employees making their state's minimum wage still require public assistance to get by.

Can Wal-Mart afford to raise its employees' wages and offer better benefits if the company profits $15.7 billion in three months? Why doesn't trickle down theory work in practice?

Also, you do understand that life is actually not a marathon, right? There is no finish line. If you think death is the finish line, then all the money that you can imagine isn't going to help you win the race.

 

[ScienceRocks]

Capitalists do not create wealth.......the workers do

Utter nonsense! Creation of wealth requires a work place, raw materials, tools, and workers. Without capital, there are no workers, and there is no wealth created.

This issue is more complex then a lot of people will admit too. You could expand this and say that the corporation/business needs a stable government to keep the peace and build the roads to get the demander to their door steps. Look at Haiti and Somalia as they're not places of opportunity or of the corporate world.

You need a stable government
You need good infrastructure
You need good economic policies

At the micro level you right as a business needs to be able to make their own choices but at the macro level. Well, the conservative idea of things is a little to simple.

 

[Oldstyle]

As anyone who's ever owned a business KNOWS...profits trickle up...not the other way around! You pay your nut...you pay your labor costs...you pay your fees and taxes...and then...if there is something left over you might make a profit. All of those other costs get paid no matter whether an owner is making a profit or not. Try telling your employees that they won't be getting their paycheck next week because the company didn't make a big enough profit for your liking and see how that turns out for you! Try telling the State or City that you won't be paying for your various licenses this year because you didn't make as much money as you'd hoped last year and see how THAT works out for you!

 

[Erand7899]

There is, of course, a place for targeted tax incentives aimed at the top but the point of liberal objections to trickle-down is the republican insistence that blanket tax cuts for entire tax brackets actually do something constructive rather than just add to the deficit and shift the tax burden downward.

Targeted tax incentives are government picking the winners and losers. Blanket tax cuts are constructive because they improve the economic environment for all players, and allow the marketplace to determine who the winners and losers are.

The economic impact of general tax cuts on both the economy and government revenue is always positive, but the revenue perception is always wrong because general tax cuts only occur when the economy is falling into recession. Liberal/socialists always claim that tax revenues are down after the tax cuts, and blame the tax cuts, but revenues are down because of the recession.

A general tax cut is no different than a businessman who decides to fore go current financial benefit and kick more of his profit back into growing the business and realizing future profits.

 

[KNB]

Why is there a recession?

 

[Oldstyle]

Why does wealth inequality coincide with lower corporate taxes?

It doesn't, this is just a circumstantial coincidence.

"Wealth inequality" is more Maoist claptrap you've bought into. The natural condition in any free market capitalist economy is persistent income disparity, it can't be avoided in a capitalist system. Wealthy capitalists will always continue to make more wealth at a faster pace than poor people. This is because wealthy people generally have more motivation and drive to attain wealth, which is how they became wealthy to start with. The poor are generally less motivated and have less ambition to attain wealth, thus they remain poor or stagnant.

So it's like looking at a marathon race and saying.. hey, the seasoned marathon runners are outpacing the couch potatoes! OMG... what do we do about that? Well, there is nothing you can do about that, it's a natural circumstance that can't be avoided. It does absolutely no good to start hobbling the marathon runners to make them slower. Even the hobbled and slow marathon runner is likely going to be as fast as the couch potatoes. The better idea would be to motivate the couch potatoes, turn them into seasoned marathon runners.

Wal-Mart profited nearly $16B in the last three months of 2011, while its part-time employees making their state's minimum wage still require public assistance to get by.

Can Wal-Mart afford to raise its employees' wages and offer better benefits if the company profits $15.7 billion in three months? Why doesn't trickle down theory work in practice?

Also, you do understand that life is actually not a marathon, right? There is no finish line. If you think death is the finish line, then all the money that you can imagine isn't going to help you win the race.

Another way of looking at that would be to ask how many billions did Wal-Mart provide to it's employees in all the stores it owns across the country? Care to guess how large a number THAT would be?

 

[Erand7899]

How do they get the job to be able to do that?

.

I've heard Sean Hannity say it often....
Try getting a job from a poor person!

Hannity is a dolt, try offering a service without a working person.

Try offering a worker without a service. First, comes the capital investment, and then comes the worker. It seldom works the other way around.

 

[HelenaHandbag]

Why does wealth inequality coincide with lower corporate taxes?

It doesn't, this is just a circumstantial coincidence.

"Wealth inequality" is more Maoist claptrap you've bought into. The natural condition in any free market capitalist economy is persistent income disparity, it can't be avoided in a capitalist system. Wealthy capitalists will always continue to make more wealth at a faster pace than poor people. This is because wealthy people generally have more motivation and drive to attain wealth, which is how they became wealthy to start with. The poor are generally less motivated and have less ambition to attain wealth, thus they remain poor or stagnant.

So it's like looking at a marathon race and saying.. hey, the seasoned marathon runners are outpacing the couch potatoes! OMG... what do we do about that? Well, there is nothing you can do about that, it's a natural circumstance that can't be avoided. It does absolutely no good to start hobbling the marathon runners to make them slower. Even the hobbled and slow marathon runner is likely going to be as fast as the couch potatoes. The better idea would be to motivate the couch potatoes, turn them into seasoned marathon runners.

You want wealth inequality?

How about we compare the incomes and perq packages of the Washington Beltway bureaucratic bourgeoisie, with those of us out here in the real world slugging it out?

Not to say that you are someone peddling the wealth inequality claptrap, just adding to your point.

 

[Erand7899]

How do they get the job to be able to do that?

.

I've heard Sean Hannity say it often....
Try getting a job from a poor person!

Try getting your lawn mowed by a rich person

The capitalists provide no goods or services. They only profit off the labor of others

Try getting your lawn mowed without a lawn mower. A flock of sheep could do the job, but some capitalist has to invest in the sheep. Some capitalist has to buy the lawn mower.

The person who mows the lawn either works for someone else, or he is his own capitalist. The evil bastard profiting off his own labor? Who would have thunk it?

 

[KNB]

It doesn't, this is just a circumstantial coincidence.

"Wealth inequality" is more Maoist claptrap you've bought into. The natural condition in any free market capitalist economy is persistent income disparity, it can't be avoided in a capitalist system. Wealthy capitalists will always continue to make more wealth at a faster pace than poor people. This is because wealthy people generally have more motivation and drive to attain wealth, which is how they became wealthy to start with. The poor are generally less motivated and have less ambition to attain wealth, thus they remain poor or stagnant.

So it's like looking at a marathon race and saying.. hey, the seasoned marathon runners are outpacing the couch potatoes! OMG... what do we do about that? Well, there is nothing you can do about that, it's a natural circumstance that can't be avoided. It does absolutely no good to start hobbling the marathon runners to make them slower. Even the hobbled and slow marathon runner is likely going to be as fast as the couch potatoes. The better idea would be to motivate the couch potatoes, turn them into seasoned marathon runners.

Wal-Mart profited nearly $16B in the last three months of 2011, while its part-time employees making their state's minimum wage still require public assistance to get by.

Can Wal-Mart afford to raise its employees' wages and offer better benefits if the company profits $15.7 billion in three months? Why doesn't trickle down theory work in practice?

Also, you do understand that life is actually not a marathon, right? There is no finish line. If you think death is the finish line, then all the money that you can imagine isn't going to help you win the race.

Another way of looking at that would be to ask how many billions did Wal-Mart provide to it's employees in all the stores it owns across the country? Care to guess how large a number THAT would be?

It's obviously less than it could be if the company's PROFITS (outweighing costs like employee wages and benefits) were $15.7 billion in three months. Theoretically, Wal-Mart could take a profit of only $8 or $9 billion in three months (a substantial amount in any economy) and reinvest the rest of those profits into higher wages and better benefits so that Wal-Mart employees don't require as much public assistance.

Why doesn't trickle down theory work in practice?

 

[Erand7899]

Inheritance seems to be the preferred method of becoming a venture capitalist outsourcing bastard.

IOW, you have no idea.

Enlighten me as to the tireless efforts of the investor class to keep jobs in this country? They are greedy elitist scum no matter where they got their cash. They do not deserve your worship.

Those greedy scum are your neighbors and fellow workers who have their 401ks and IRAs invested in the economy. Other evil capitalists group those funds and finance still other greedy capitalists who open businesses or grow businesses, and hire workers.

BTW, no one, except government, has any obligation to keep jobs in this country. Jobs are created because someone, with the capital to make it happen, sees a potential for a good return on his/her investment in that enterprise. If they can get a better return by investing somewhere else, they will. You would do exactly the same, if it was your capital at risk.

 

[KNB]

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