Prove to me that "trickle down" or "rising tide lifts all boats" are wrong?

[Crepitus]

How many times have we heard socialists bitch and moan about the filthy wealthy. The 1%ers! And how many times have we heard "trickle down" doesn't work or "rising tide lifts all boats" is wrong?

YET my simple question that even the most IGNORANT socialist, 1%er hater seemingly can't answer is this:

Do the filthy wealthy bury their wealth in the backyard or hide under their mattresses ?

Seriously folks what happens?
Those evil filthy wealthy 1%ers buy yachts. Yep they do ...who builds them?
They buy private jets. Who builds them?
They buy mansions. Who builds them. Who staffs them?

So ignorant people point out that "trickle down" doesn't work. Trump tax cuts were wrong. The little people aren't
getting the share and the filthy wealthy,
why they are ...."burying their wealth in the backyard or hiding under their mattresses"....???

Today's employment picture show more jobs than people to fill them!
Each of those NEW jobs creates TAX REVENUE to the federal government.
PROOF?
The economy added 3.2 million jobs since Trump took office:
Trump's Numbers (Second Quarterly Update) - FactCheck.org
Let's assume that each job pays Median household income in the U.S. rose to an estimated $59,055 in January 2018, an increase of nearly 0.4% from our December 2017 estimate of $58,829.Mar 1, 2018
https://seekingalpha.com/article/4152222-january-2018-median-household-income

So 3.2 million times $59,055 is at 12.4% payroll taxes $23.3 billion a year ... additional federal payroll revenue.

So what has happened to the $190 billion in gross income these 3.2 million job holders generated?
Did they bury in the backyard or hide under their mattresses?

Of course not...

So why then do ignorant people continue to use that phrase "trickle down" as a failure?
Look at the following chart and tell me how many of these 50 S&P companies are hiding their tax break
under the mattress or burying in the backyard?
View attachment 223060

Why would I try to convince a RWNJ of anything? Facts are still facts even if you don't want to believe them.

I'm asking you a simple question. What do you think they do with their wealth? "burying their wealth in the backyard or hiding under their mattresses"
Explain to me where the filthy wealthy even like Pelosi spend that money. What do they do with it? "burying their wealth in the backyard or hiding under their mattresses"?
That's what I want you to explain.

Send it overseas to hide it from the government.

 

[well named]

And how many times have we heard "trickle down" doesn't work or "rising tide lifts all boats" is wrong?

YET my simple question that even the most IGNORANT socialist, 1%er hater seemingly can't answer is this:

Do the filthy wealthy bury their wealth in the backyard or hide under their mattresses ?

They do not, but the point of trickle down is supposed to be that that the median worker will be better off if we cut taxes on the very wealthy than she would be if we did not. So the question is: does the extra wealth accrued by the wealthy from those tax cuts lead to meaningful wage increases? You provided the answer yourself:

Median household income in the U.S. rose to an estimated $59,055 in January 2018, an increase of nearly 0.4% from our December 2017 estimate of $58,829.

A 0.4% increase is pretty meager, and is inline with the trends over the last 5 years. The same is basically true of employment numbers. There's no real indication that the tax cuts accelerated growth in wages or employment for ordinary workers.

That said, I'd accept the argument that it's probably slightly too soon to finally evaluate the latest tax cuts. But we also have a lot of historical data. So for example, while it's not a perfect measure of effective tax rates for the top 1%, we can look at top marginal tax rates over the last 50 years and see that they've fallen a lot, even prior to the latest round. And we can see that GDP per capita in the US has risen steadily. However, over that same period economic mobility has decreased. That's because those gains in GDP per capita are not even close to being evenly distributed, which is what "trickle down" alleges should happen.

Instead, the vast majority of those increases in wealth are going only to the very wealthiest Americans:

Now, the unequal distribution of the benefits of growth is not solely a consequence of taxes. Globalization of labor, post-industrialization processes, automation; all of those probably contribute a lot to the fact that the returns on capital investments have far outpaced national wage growth over the last several decades, although it's not very easy to measure the exact contributions of each. But it seems fairly obvious just from a cursory glance at this data that tax cuts are probably exacerbating the growth in inequality, and there's basically no evidence that the average worker is better off under a regime in which tax rates on the very wealthy are lower compared to one in which those same tax cuts were targeted more at the working class, or where higher taxes on the wealthy were used to fund programs to boost growth for the working class.

Basically, there's no evidence that the gains accruing to the wealthy are "trickling down", and the data you cited is not evidence because you didn't really try to answer the question. You just tried to show that there is growth, but the question is about how growth is distributed.

 

[healthmyths]

And how many times have we heard "trickle down" doesn't work or "rising tide lifts all boats" is wrong?

YET my simple question that even the most IGNORANT socialist, 1%er hater seemingly can't answer is this:

Do the filthy wealthy bury their wealth in the backyard or hide under their mattresses ?

They do not, but the point of trickle down is supposed to be that that the median worker will be better off if we cut taxes on the very wealthy than she would be if we did not. So the question is: does the extra wealth accrued by the wealthy from those tax cuts lead to meaningful wage increases? You provided the answer yourself:

Median household income in the U.S. rose to an estimated $59,055 in January 2018, an increase of nearly 0.4% from our December 2017 estimate of $58,829.

A 0.4% increase is pretty meager, and is inline with the trends over the last 5 years. The same is basically true of employment numbers. There's no real indication that the tax cuts accelerated growth in wages or employment for ordinary workers.

That said, I'd accept the argument that it's probably slightly too soon to finally evaluate the latest tax cuts. But we also have a lot of historical data. So for example, while it's not a perfect measure of effective tax rates for the top 1%, we can look at top marginal tax rates over the last 50 years and see that they've fallen a lot, even prior to the latest round. And we can see that GDP per capita in the US has risen steadily. However, over that same period economic mobility has decreased. That's because those gains in GDP per capita are not even close to being evenly distributed, which is what "trickle down" alleges should happen.

Instead, the vast majority of those increases in wealth are going only to the very wealthiest Americans:

Now, the unequal distribution of the benefits of growth is not solely a consequence of taxes. Globalization of labor, post-industrialization processes, automation; all of those probably contribute a lot to the fact that the returns on capital investments have far outpaced national wage growth over the last several decades, although it's not very easy to measure the exact contributions of each. But it seems fairly obvious just from a cursory glance at this data that tax cuts are probably exacerbating the growth in inequality, and there's basically no evidence that the average worker is better off under a regime in which tax rates on the very wealthy are lower compared to one in which those same tax cuts were targeted more at the working class, or where higher taxes on the wealthy were used to fund programs to boost growth for the working class.

Basically, there's no evidence that the gains accruing to the wealthy are "trickling down", and the data you cited is not evidence because you didn't really try to answer the question. You just tried to show that there is growth, but the question is about how growth is distributed.

OK... let's take your illustration of the 0.4% gain from December 2017 to January 2018.
Median household income in the U.S. rose to an estimated $59,055 in January 2018, an increase of nearly 0.4% from our December 2017 estimate of $58,829
Multiply 0.4% times 12 months: 5% increase in the median household income or at the end of 2018 of 61,889 equals $2,834 INCREASE.

Proof 0.4% is a valid growth for ONE MONTH... YOU didn't read closely enough!!!
Now since that estimate in Jan. 2018 the actual median has grown at an average of 0.77% which is nearly double.

According to Sentier Research, median household income in the United States rose to $62,685 in August 2018, which is an average /month of 0.77%!
https://seekingalpha.com/article/4209310-august-2018-median-household-income
At that rate then the end of 2018 will see median household income of $64,500 a 9.22% gain. Now is that "trickle down"??? Of course it is!
9.22% is a higher rate than interest on CDs pay.

So

 

[well named]

Hah, I misread that as being one year, not one month, because it makes way more sense to look at a year than a month.

Your hobby appears to be extrapolating from a single data point. There's no need to do the kind of estimating you're engaged in there, which is methodologically really, really dubious. There's a lot of variation from month to month. That's why I cited historical data that looks at wage growth over years, and you can see that it's very flat for the non-wealthy. Like I said, I accept it's probably a little too early to make definitive pronouncements about the latest round of cuts.

Edit: Also I'd rather wait for official BLS data than an unknown author's calculations.

 

[well named]

Edit: Also I'd rather wait for official BLS data than an unknown author's calculations.

Also, it appears to me that the author of that article is misrepresenting the data they are using. They present it as median income figures, but I do not believe it is possible to calculate median household income from the data they cite (from BEA). You could get some rough estimates of the mean, but then you're back to the problem I pointed out before: you're not looking at how those gains are distributed.

 

[buckeye45_73]

How many times have we heard socialists bitch and moan about the filthy wealthy. The 1%ers! And how many times have we heard "trickle down" doesn't work or "rising tide lifts all boats" is wrong?

YET my simple question that even the most IGNORANT socialist, 1%er hater seemingly can't answer is this:

Do the filthy wealthy bury their wealth in the backyard or hide under their mattresses ?

Seriously folks what happens?
Those evil filthy wealthy 1%ers buy yachts. Yep they do ...who builds them?
They buy private jets. Who builds them?
They buy mansions. Who builds them. Who staffs them?

So ignorant people point out that "trickle down" doesn't work. Trump tax cuts were wrong. The little people aren't
getting the share and the filthy wealthy,
why they are ...."burying their wealth in the backyard or hiding under their mattresses"....???

Today's employment picture show more jobs than people to fill them!
Each of those NEW jobs creates TAX REVENUE to the federal government.
PROOF?
The economy added 3.2 million jobs since Trump took office:
Trump's Numbers (Second Quarterly Update) - FactCheck.org
Let's assume that each job pays Median household income in the U.S. rose to an estimated $59,055 in January 2018, an increase of nearly 0.4% from our December 2017 estimate of $58,829.Mar 1, 2018
https://seekingalpha.com/article/4152222-january-2018-median-household-income

So 3.2 million times $59,055 is at 12.4% payroll taxes $23.3 billion a year ... additional federal payroll revenue.

So what has happened to the $190 billion in gross income these 3.2 million job holders generated?
Did they bury in the backyard or hide under their mattresses?

Of course not...

So why then do ignorant people continue to use that phrase "trickle down" as a failure?
Look at the following chart and tell me how many of these 50 S&P companies are hiding their tax break
under the mattress or burying in the backyard?
View attachment 223060

The left knows it works......they fight on the fringe.
They hate the middle class (they call it the bourgeoisie or some time bourgie Urban Dictionary: Bourgie)
But they also know that's where the money is in bulk, but individually they know rich people pay way more taxes and will always benefit from a tax cut more (they % of a much larger number is always going to be higher than the same % of a smaller number)

 

[healthmyths]

How many times have we heard socialists bitch and moan about the filthy wealthy. The 1%ers! And how many times have we heard "trickle down" doesn't work or "rising tide lifts all boats" is wrong?

YET my simple question that even the most IGNORANT socialist, 1%er hater seemingly can't answer is this:

Do the filthy wealthy bury their wealth in the backyard or hide under their mattresses ?

Seriously folks what happens?
Those evil filthy wealthy 1%ers buy yachts. Yep they do ...who builds them?
They buy private jets. Who builds them?
They buy mansions. Who builds them. Who staffs them?

So ignorant people point out that "trickle down" doesn't work. Trump tax cuts were wrong. The little people aren't
getting the share and the filthy wealthy,
why they are ...."burying their wealth in the backyard or hiding under their mattresses"....???

Today's employment picture show more jobs than people to fill them!
Each of those NEW jobs creates TAX REVENUE to the federal government.
PROOF?
The economy added 3.2 million jobs since Trump took office:
Trump's Numbers (Second Quarterly Update) - FactCheck.org
Let's assume that each job pays Median household income in the U.S. rose to an estimated $59,055 in January 2018, an increase of nearly 0.4% from our December 2017 estimate of $58,829.Mar 1, 2018
https://seekingalpha.com/article/4152222-january-2018-median-household-income

So 3.2 million times $59,055 is at 12.4% payroll taxes $23.3 billion a year ... additional federal payroll revenue.

So what has happened to the $190 billion in gross income these 3.2 million job holders generated?
Did they bury in the backyard or hide under their mattresses?

Of course not...

So why then do ignorant people continue to use that phrase "trickle down" as a failure?
Look at the following chart and tell me how many of these 50 S&P companies are hiding their tax break
under the mattress or burying in the backyard?
View attachment 223060

The left knows it works......they fight on the fringe.
They hate the middle class (they call it the bourgeoisie or some time bourgie Urban Dictionary: Bourgie)
But they also know that's where the money is in bulk, but individually they know rich people pay way more taxes and will always benefit from a tax cut more (they % of a much larger number is always going to be higher than the same % of a smaller number)

Oh I agree they are so pompous looking down on us in their deprecating phony "fly over country" and these people are such lemmings!
Very very few think on their own and with the Internet they prove their laziness as almost all the validation for my points are easily available.
For example these cliched people continue to use the phrase "trickle down" with some ignorance.
As I've asked but none to date of these people have DISAGREED meaning THEY do believe that the "filthy wealthy" bury in the backyard or hide under their mattresses these disgusting "tax breaks"! By the way a reason I use the example of yacht buying is I did consulting work for a yacht builder and
those workers had nothing but appreciation for the "filthy wealthy"!

 

[EGR one]

How many times have we heard socialists bitch and moan about the filthy wealthy. The 1%ers! And how many times have we heard "trickle down" doesn't work or "rising tide lifts all boats" is wrong?

YET my simple question that even the most IGNORANT socialist, 1%er hater seemingly can't answer is this:

Do the filthy wealthy bury their wealth in the backyard or hide under their mattresses ?

Seriously folks what happens?
Those evil filthy wealthy 1%ers buy yachts. Yep they do ...who builds them?
They buy private jets. Who builds them?
They buy mansions. Who builds them. Who staffs them?

So ignorant people point out that "trickle down" doesn't work. Trump tax cuts were wrong. The little people aren't
getting the share and the filthy wealthy,
why they are ...."burying their wealth in the backyard or hiding under their mattresses"....???

Today's employment picture show more jobs than people to fill them!
Each of those NEW jobs creates TAX REVENUE to the federal government.
PROOF?
The economy added 3.2 million jobs since Trump took office:
Trump's Numbers (Second Quarterly Update) - FactCheck.org
Let's assume that each job pays Median household income in the U.S. rose to an estimated $59,055 in January 2018, an increase of nearly 0.4% from our December 2017 estimate of $58,829.Mar 1, 2018
https://seekingalpha.com/article/4152222-january-2018-median-household-income

So 3.2 million times $59,055 is at 12.4% payroll taxes $23.3 billion a year ... additional federal payroll revenue.

So what has happened to the $190 billion in gross income these 3.2 million job holders generated?
Did they bury in the backyard or hide under their mattresses?

Of course not...

So why then do ignorant people continue to use that phrase "trickle down" as a failure?
Look at the following chart and tell me how many of these 50 S&P companies are hiding their tax break
under the mattress or burying in the backyard?
View attachment 223060

Prove to me that "trickle down" or "rising tide lifts all boats" are wrong?

The federal budget deficit is soaring, and you can blame it all on Republican tax cuts

Done.

What happened under Bush? Yes, a slightly rising economy (the economy right now isn't rising) and then a huge bang and the economy dropped, 7 million people lost their homes and some rich people got even richer.

Kind of proves is, right?

It only proves that your knowledge of economics is deplorable. The housing bubble collapse did help bring the economy down, because it dried up consumer credit. The seeds of that bubble, and subsequent collapse, were sown years before Bush ever took office. And, it has absolutely nothing to do with trickle down economics.

 

[Winston]

How many times have we heard socialists bitch and moan about the filthy wealthy. The 1%ers! And how many times have we heard "trickle down" doesn't work or "rising tide lifts all boats" is wrong?

YET my simple question that even the most IGNORANT socialist, 1%er hater seemingly can't answer is this:

Do the filthy wealthy bury their wealth in the backyard or hide under their mattresses ?

Seriously folks what happens?
Those evil filthy wealthy 1%ers buy yachts. Yep they do ...who builds them?
They buy private jets. Who builds them?
They buy mansions. Who builds them. Who staffs them?

So ignorant people point out that "trickle down" doesn't work. Trump tax cuts were wrong. The little people aren't
getting the share and the filthy wealthy,
why they are ...."burying their wealth in the backyard or hiding under their mattresses"....???

Today's employment picture show more jobs than people to fill them!
Each of those NEW jobs creates TAX REVENUE to the federal government.
PROOF?
The economy added 3.2 million jobs since Trump took office:
Trump's Numbers (Second Quarterly Update) - FactCheck.org
Let's assume that each job pays Median household income in the U.S. rose to an estimated $59,055 in January 2018, an increase of nearly 0.4% from our December 2017 estimate of $58,829.Mar 1, 2018
https://seekingalpha.com/article/4152222-january-2018-median-household-income

So 3.2 million times $59,055 is at 12.4% payroll taxes $23.3 billion a year ... additional federal payroll revenue.

So what has happened to the $190 billion in gross income these 3.2 million job holders generated?
Did they bury in the backyard or hide under their mattresses?

Of course not...

So why then do ignorant people continue to use that phrase "trickle down" as a failure?
Look at the following chart and tell me how many of these 50 S&P companies are hiding their tax break
under the mattress or burying in the backyard?
View attachment 223060

Why would I try to convince a RWNJ of anything? Facts are still facts even if you don't want to believe them.

I'm asking you a simple question. What do you think they do with their wealth? "burying their wealth in the backyard or hiding under their mattresses"
Explain to me where the filthy wealthy even like Pelosi spend that money. What do they do with it? "burying their wealth in the backyard or hiding under their mattresses"?
That's what I want you to explain.

It is called the Paradox of Thrift. Look it up. Basic Macroeconomics. They don't spend all that money. They save some, if not most of it. And when they save they collect "rents". Another economic term you might want to look up.

The real reason for tax cuts for the wealthy since Reagan is simple. The wealthy can fund the government with taxes, that they pay. Or the wealthy can fund the government with loans, with which they collect "risk-free" interest. It is a no-brainer.

 

[Winston]

How many times have we heard socialists bitch and moan about the filthy wealthy. The 1%ers! And how many times have we heard "trickle down" doesn't work or "rising tide lifts all boats" is wrong?

YET my simple question that even the most IGNORANT socialist, 1%er hater seemingly can't answer is this:

Do the filthy wealthy bury their wealth in the backyard or hide under their mattresses ?

Seriously folks what happens?
Those evil filthy wealthy 1%ers buy yachts. Yep they do ...who builds them?
They buy private jets. Who builds them?
They buy mansions. Who builds them. Who staffs them?

So ignorant people point out that "trickle down" doesn't work. Trump tax cuts were wrong. The little people aren't
getting the share and the filthy wealthy,
why they are ...."burying their wealth in the backyard or hiding under their mattresses"....???

Today's employment picture show more jobs than people to fill them!
Each of those NEW jobs creates TAX REVENUE to the federal government.
PROOF?
The economy added 3.2 million jobs since Trump took office:
Trump's Numbers (Second Quarterly Update) - FactCheck.org
Let's assume that each job pays Median household income in the U.S. rose to an estimated $59,055 in January 2018, an increase of nearly 0.4% from our December 2017 estimate of $58,829.Mar 1, 2018
https://seekingalpha.com/article/4152222-january-2018-median-household-income

So 3.2 million times $59,055 is at 12.4% payroll taxes $23.3 billion a year ... additional federal payroll revenue.

So what has happened to the $190 billion in gross income these 3.2 million job holders generated?
Did they bury in the backyard or hide under their mattresses?

Of course not...

So why then do ignorant people continue to use that phrase "trickle down" as a failure?
Look at the following chart and tell me how many of these 50 S&P companies are hiding their tax break
under the mattress or burying in the backyard?
View attachment 223060

The left knows it works......they fight on the fringe.
They hate the middle class (they call it the bourgeoisie or some time bourgie Urban Dictionary: Bourgie)
But they also know that's where the money is in bulk, but individually they know rich people pay way more taxes and will always benefit from a tax cut more (they % of a much larger number is always going to be higher than the same % of a smaller number)

Oh I agree they are so pompous looking down on us in their deprecating phony "fly over country" and these people are such lemmings!
Very very few think on their own and with the Internet they prove their laziness as almost all the validation for my points are easily available.
For example these cliched people continue to use the phrase "trickle down" with some ignorance.
As I've asked but none to date of these people have DISAGREED meaning THEY do believe that the "filthy wealthy" bury in the backyard or hide under their mattresses these disgusting "tax breaks"! By the way a reason I use the example of yacht buying is I did consulting work for a yacht builder and
those workers had nothing but appreciation for the "filthy wealthy"!

Why has China been kicking our ass for three decades? Simple, they have curtailed rent-seeking why we have expanded it.

Why is rent seeking so bad for competition, growth and freedom?

 

[BULLDOG]

How many times have we heard socialists bitch and moan about the filthy wealthy. The 1%ers! And how many times have we heard "trickle down" doesn't work or "rising tide lifts all boats" is wrong?

YET my simple question that even the most IGNORANT socialist, 1%er hater seemingly can't answer is this:

Do the filthy wealthy bury their wealth in the backyard or hide under their mattresses ?

Seriously folks what happens?
Those evil filthy wealthy 1%ers buy yachts. Yep they do ...who builds them?
They buy private jets. Who builds them?
They buy mansions. Who builds them. Who staffs them?

So ignorant people point out that "trickle down" doesn't work. Trump tax cuts were wrong. The little people aren't
getting the share and the filthy wealthy,
why they are ...."burying their wealth in the backyard or hiding under their mattresses"....???

Today's employment picture show more jobs than people to fill them!
Each of those NEW jobs creates TAX REVENUE to the federal government.
PROOF?
The economy added 3.2 million jobs since Trump took office:
Trump's Numbers (Second Quarterly Update) - FactCheck.org
Let's assume that each job pays Median household income in the U.S. rose to an estimated $59,055 in January 2018, an increase of nearly 0.4% from our December 2017 estimate of $58,829.Mar 1, 2018
https://seekingalpha.com/article/4152222-january-2018-median-household-income

So 3.2 million times $59,055 is at 12.4% payroll taxes $23.3 billion a year ... additional federal payroll revenue.

So what has happened to the $190 billion in gross income these 3.2 million job holders generated?
Did they bury in the backyard or hide under their mattresses?

Of course not...

So why then do ignorant people continue to use that phrase "trickle down" as a failure?
Look at the following chart and tell me how many of these 50 S&P companies are hiding their tax break
under the mattress or burying in the backyard?
View attachment 223060

Why would I try to convince a RWNJ of anything? Facts are still facts even if you don't want to believe them.

I'm asking you a simple question. What do you think they do with their wealth? "burying their wealth in the backyard or hiding under their mattresses"
Explain to me where the filthy wealthy even like Pelosi spend that money. What do they do with it? "burying their wealth in the backyard or hiding under their mattresses"?
That's what I want you to explain.

I doubt many bury it or hide it under the mattress. I suspect they either put it in the bank or spend it on something that will benefit them. Of course many of them hide it out of the country to avoid taxes. Trickle down doesn't work. It has never worked.

 

[The Sage of Main Street]

How many times have we heard socialists bitch and moan about the filthy wealthy. The 1%ers! And how many times have we heard "trickle down" doesn't work or "rising tide lifts all boats" is wrong?

YET my simple question that even the most IGNORANT socialist, 1%er hater seemingly can't answer is this:

Do the filthy wealthy bury their wealth in the backyard or hide under their mattresses ?

Seriously folks what happens?
Those evil filthy wealthy 1%ers buy yachts. Yep they do ...who builds them?
They buy private jets. Who builds them?
They buy mansions. Who builds them. Who staffs them?

So ignorant people point out that "trickle down" doesn't work. Trump tax cuts were wrong. The little people aren't
getting the share and the filthy wealthy,
why they are ...."burying their wealth in the backyard or hiding under their mattresses"....???

Today's employment picture show more jobs than people to fill them!
Each of those NEW jobs creates TAX REVENUE to the federal government.
PROOF?
The economy added 3.2 million jobs since Trump took office:
Trump's Numbers (Second Quarterly Update) - FactCheck.org
Let's assume that each job pays Median household income in the U.S. rose to an estimated $59,055 in January 2018, an increase of nearly 0.4% from our December 2017 estimate of $58,829.Mar 1, 2018
https://seekingalpha.com/article/4152222-january-2018-median-household-income

So 3.2 million times $59,055 is at 12.4% payroll taxes $23.3 billion a year ... additional federal payroll revenue.

So what has happened to the $190 billion in gross income these 3.2 million job holders generated?
Did they bury in the backyard or hide under their mattresses?

Of course not...

So why then do ignorant people continue to use that phrase "trickle down" as a failure?
Look at the following chart and tell me how many of these 50 S&P companies are hiding their tax break
under the mattress or burying in the backyard?
View attachment 223060

Juniorism

Socialists are richkids who hate their Capitalist fathers. Proof is that their Oedipus Complex posing as an ideology is exclusively the product of the university, an obsolete aristocratic institution designed solely for conceited brats living off an adult allowance.

 

[The Sage of Main Street]

Hah, I misread that as being one year, not one month, because it makes way more sense to look at a year than a month.

Your hobby appears to be extrapolating from a single data point. There's no need to do the kind of estimating you're engaged in there, which is methodologically really, really dubious. There's a lot of variation from month to month. That's why I cited historical data that looks at wage growth over years, and you can see that it's very flat for the non-wealthy. Like I said, I accept it's probably a little too early to make definitive pronouncements about the latest round of cuts.

Edit: Also I'd rather wait for official BLS data than an unknown author's calculations.

If You've Heard of Someone, Don't Listen to Him

Why should a truly educated person respect the expertise of Diploma Dumbos who don't even know that the word data is plural, as are media, criteria, and many other proofs that we shouldn't follow the lead of our designated pundits, who started this destruction of language? Those who are misled by our appointed mentors are so defensive about their mind-slavery that they'd probably grab at the false Gotcha, "If you Grammar Nazis are right, how come you used the phrase 'data is plural' instead of 'data are plural'?"

 

[well named]

If You've Heard of Someone, Don't Listen to Him

Why should a truly educated person respect the expertise of Diploma Dumbos who don't even know that the word data is plural, as are media, criteria, and many other proofs that we shouldn't follow the lead of our designated pundits, who started this destruction of language? Those who are misled by our appointed mentors are so defensive about their mind-slavery that they'd probably grab at the false Gotcha, "If you Grammar Nazis are right, how come you used the phrase 'data is plural' instead of 'data are plural'?"

I, too, am fond of collective nouns.

 

[Brain357]

It works great for the rich. How about those stagnant wages?

 

[frigidweirdo]

How many times have we heard socialists bitch and moan about the filthy wealthy. The 1%ers! And how many times have we heard "trickle down" doesn't work or "rising tide lifts all boats" is wrong?

YET my simple question that even the most IGNORANT socialist, 1%er hater seemingly can't answer is this:

Do the filthy wealthy bury their wealth in the backyard or hide under their mattresses ?

Seriously folks what happens?
Those evil filthy wealthy 1%ers buy yachts. Yep they do ...who builds them?
They buy private jets. Who builds them?
They buy mansions. Who builds them. Who staffs them?

So ignorant people point out that "trickle down" doesn't work. Trump tax cuts were wrong. The little people aren't
getting the share and the filthy wealthy,
why they are ...."burying their wealth in the backyard or hiding under their mattresses"....???

Today's employment picture show more jobs than people to fill them!
Each of those NEW jobs creates TAX REVENUE to the federal government.
PROOF?
The economy added 3.2 million jobs since Trump took office:
Trump's Numbers (Second Quarterly Update) - FactCheck.org
Let's assume that each job pays Median household income in the U.S. rose to an estimated $59,055 in January 2018, an increase of nearly 0.4% from our December 2017 estimate of $58,829.Mar 1, 2018
https://seekingalpha.com/article/4152222-january-2018-median-household-income

So 3.2 million times $59,055 is at 12.4% payroll taxes $23.3 billion a year ... additional federal payroll revenue.

So what has happened to the $190 billion in gross income these 3.2 million job holders generated?
Did they bury in the backyard or hide under their mattresses?

Of course not...

So why then do ignorant people continue to use that phrase "trickle down" as a failure?
Look at the following chart and tell me how many of these 50 S&P companies are hiding their tax break
under the mattress or burying in the backyard?
View attachment 223060

Prove to me that "trickle down" or "rising tide lifts all boats" are wrong?

The federal budget deficit is soaring, and you can blame it all on Republican tax cuts

Done.

What happened under Bush? Yes, a slightly rising economy (the economy right now isn't rising) and then a huge bang and the economy dropped, 7 million people lost their homes and some rich people got even richer.

Kind of proves is, right?

It only proves that your knowledge of economics is deplorable. The housing bubble collapse did help bring the economy down, because it dried up consumer credit. The seeds of that bubble, and subsequent collapse, were sown years before Bush ever took office. And, it has absolutely nothing to do with trickle down economics.

You've said stuff, but none of it disproves in any way what I said. Funny that.

Yes, the seeds of the housing bubble were sown years before. They're still sown now, they always are. Part of the problem is that presidents can only serve two terms.

The doesn't mean that the Bush tax cuts didn't play their part in making the recession worse than it could have been had it happened in about 2003.

 

[Bootney Lee Farnsworth]

Send it overseas to hide it from the government.

It's smart to hide money from criminals.

 

[Crepitus]

Send it overseas to hide it from the government.

It's smart to hide money from criminals.

Criminals are hiding the money.

 

[Bootney Lee Farnsworth]

Criminals are hiding the money.

From other criminals.

 

[Thinker101]

How many times have we heard socialists bitch and moan about the filthy wealthy. The 1%ers! And how many times have we heard "trickle down" doesn't work or "rising tide lifts all boats" is wrong?

YET my simple question that even the most IGNORANT socialist, 1%er hater seemingly can't answer is this:

Do the filthy wealthy bury their wealth in the backyard or hide under their mattresses ?

Seriously folks what happens?
Those evil filthy wealthy 1%ers buy yachts. Yep they do ...who builds them?
They buy private jets. Who builds them?
They buy mansions. Who builds them. Who staffs them?

So ignorant people point out that "trickle down" doesn't work. Trump tax cuts were wrong. The little people aren't
getting the share and the filthy wealthy,
why they are ...."burying their wealth in the backyard or hiding under their mattresses"....???

Today's employment picture show more jobs than people to fill them!
Each of those NEW jobs creates TAX REVENUE to the federal government.
PROOF?
The economy added 3.2 million jobs since Trump took office:
Trump's Numbers (Second Quarterly Update) - FactCheck.org
Let's assume that each job pays Median household income in the U.S. rose to an estimated $59,055 in January 2018, an increase of nearly 0.4% from our December 2017 estimate of $58,829.Mar 1, 2018
https://seekingalpha.com/article/4152222-january-2018-median-household-income

So 3.2 million times $59,055 is at 12.4% payroll taxes $23.3 billion a year ... additional federal payroll revenue.

So what has happened to the $190 billion in gross income these 3.2 million job holders generated?
Did they bury in the backyard or hide under their mattresses?

Of course not...

So why then do ignorant people continue to use that phrase "trickle down" as a failure?
Look at the following chart and tell me how many of these 50 S&P companies are hiding their tax break
under the mattress or burying in the backyard?
View attachment 223060

Why would I try to convince a RWNJ of anything? Facts are still facts even if you don't want to believe them.

I'm asking you a simple question. What do you think they do with their wealth? "burying their wealth in the backyard or hiding under their mattresses"
Explain to me where the filthy wealthy even like Pelosi spend that money. What do they do with it? "burying their wealth in the backyard or hiding under their mattresses"?
That's what I want you to explain.

Send it overseas to hide it from the government.

Send it overseas to hide it from the liberals.