‘Trickle-down’ tax cuts make the rich richer but are of no value to overall economy, study finds

[Toddsterpatriot]

Under their mattress?

Maybe, but more likely things like swiss bank accounts. (Not necessarily Swiss but you get the picture.)

Yes, I get the picture.

You don't know what you're talking about.

Nice recovery. DURR.

 

[Toddsterpatriot]

They use the windfall to increase profits and enrich investors,

Enriched investors make more investments and/or pay more taxes.

No they pay lower rates of taxes on investment income than workers would pay on their wages. Remember Warren Buffet saying his secretary paid a higher rate of tax that he does. So raising the minimum wage also raises government revenues.

Remember Biden's oft-quoted phrase "valuing work over wealth". Less than 40% of wealthy Americans work, while 80% of the people who received government assistance in 2019, had full-time jobs. No one who has a full time job should require government assistance just to keep a roof over their head.

It's easy to use a broad brush. Hopefully we all find in reprehensible that a Wal-Mart worker would qualify for TANF or Medicaid, while the Wal-Mart heirs avoid taxes. But I've yet to hear any objection, that is not based on emotion and no facts, why there's some great economic argument against taxing - Wal-Mart profits (or Amazon or … name the corporate behemoth) or placing a miniscule penny tax on short term, large stock trades or even taxing healthcare providers - to pay for people to get healthcare whose employers don't provide it as a benefit, which the vast maj of employers offered 40-50 years ago.

Or why is it so much more expensive as measured by a % of income to go to college as it was 40-50 years ago.

I have no idea where your statistics about how many people get aid come from, and I'm not complaining, but generally these figures don't exclude "aid" like medical and education assistance. Placing taxes directly on small biz or even franchisees like Subway, can hurt employment. But even Wal-Mart said it was ok with Obamacare so long as it's competitors had to pay the same taxes.

I have a real bone to pick the franchises, primarily because I did franchise law and use to have to parse franchise agreements to find out exactly what our clients were going to be responsible for paying to the Franchisor.

McDonalds being a case in point. Most operators will tell you they can't afford to increase front line employee wages, and they're not making that much themselves. But McDonald's is one of the most profitable companies in America. That's because the franchise agreement for McDonald's is designed to extract the maximum number of dollars from the stores and transfer them to corporate.

Posters here have said the monthly franchise fee is only 4% of sales. That may be true but there are other fees: advertising fee - also 4%. monthly service fee 4%, rent - also a percentage of sales. Given that the net profti, before taxes for any restaurant is usually around 15% of gross sales, 12% is gone to franchise fees. Then there are your supplies - all food, napkins, placemats and other supplies for your store, will be shipped to you by corporate, at their standard prices. You not only don't have to source this stuff locally, you're not allowed to do it. Last but not least, if corporate decides that your store is looking tired or shabby, they will order to you to redecorate your premises. Corporate will sell you your new counters, booths, tables, and approved decor the world recognizes as McDonalds.

And don't get me started on the "gig economy". Skip the Dishes takes 15% of your order. So much for your profit if you're a small family owned restaurant.

Most operators will tell you they can't afford to increase front line employee wages, and they're not making that much themselves

Based on what you've said, they're right.

Our locally owned and independent restaurants get their menus and placemats at a local printer. They buy their produce and meat from local famers, and they pay their staff a living wage. Those people use the money the restaurant owner pays them to pay rent, buy food, and patronise local merchants. They sponsor little league teams, and hire a local nerd to maintain their website.

Chain restaurants get all of their supplies through corporate, and the money goes to corporate, not the local farmers and merchants. McDonald's staff dependent on government funded income supports, aren't contributing much to the local economies either. Yet look at the profit and loss statements of all of the big fast food chains corporate offices.

McDonald's isn't even the worst offender. They actually want the store owners to succeed. Back in the 1970's, McDonald's store owners got RICH, and quickly too. But over the years, corporate honed their franchise agreements to a fare thee well, to suck just enough cash out of the stores, but not too much, so that the store owner got little. Bear in mind, McDonald DOES everything for you - store set up, training, supplies, pricing - every little detail. It's truly a turn-key operation. All you need is the cash to buy in.

Basically, the entire American fast food industry is run along a similar model, although I think Wendy's has more corporately owned and operated

Every $1 of benefits costs the taxpayers $1.50 in taxes. Wouldn't it be cheaper on the economy and the taxpayers, to increase the minimum wage to the same levels the workers get in benefits and have Walmart or McDonalds reduce their profits accordingly?

Sounds like we should eliminate the benefits bureacracy and increase the EITC.

And boot 30 million illegal aliens.

No, boosting the EITC increases benefits paid by the middle class to workers, and acts as a wage subsidy to corporations. Make the corporations pay their own damn workers, like every other first world country. Plus you're still have government workers calculated their EITC, collect the taxes and pay out the EITC.

Walmart Canada pays its worker $14 per hour here, and they still manage to be the most profitable company in Canada. They really have the cheapest prices for everything, and yet they pay much higher wages here. Of course, they only pay 2% of payroll for health insurance, instead of $14,000 per worker, so there is that.

No, boosting the EITC increases benefits paid by the middle class to workers, and acts as a wage subsidy to corporations.

Forcing Walmart and McDonald's to pay higher than market wages doesn't cost the middle class? LOL!

Plus you're still have government workers calculated their EITC, collect the taxes and pay out the EITC.

The IRS needs more workers for the computers to calculate EITC? Why?

Of course, they only pay 2% of payroll for health insurance, instead of $14,000 per worker, so there is that.

US Walmart pays $14,000 per worker for healthcare? LOL!

 

[Toddsterpatriot]

They use the windfall to increase profits and enrich investors,

Enriched investors make more investments and/or pay more taxes.

No they pay lower rates of taxes on investment income than workers would pay on their wages. Remember Warren Buffet saying his secretary paid a higher rate of tax that he does. So raising the minimum wage also raises government revenues.

Remember Biden's oft-quoted phrase "valuing work over wealth". Less than 40% of wealthy Americans work, while 80% of the people who received government assistance in 2019, had full-time jobs. No one who has a full time job should require government assistance just to keep a roof over their head.

No they pay lower rates of taxes on investment income than workers would pay on their wages.

Lower than which workers? Provide some specifics.

Remember Warren Buffet saying his secretary paid a higher rate of tax that he does.

Yes, I remember Warren's lie.

So raising the minimum wage also raises government revenues.

It would reduce revenues.

Remember Biden's oft-quoted phrase "valuing work over wealth".

Who did he steal that phrase from? Was it a coal miner?

 

[pknopp]

As long as we are acknowledging it had nothing to do with tax cuts, I'm fine. It happened with cuts or not.

You are attempting to create a straw man. YOU brought up the concept that "need" drives production, which is so much idiocy.

Tax cuts heavily benefit small to medium businesses - which are the very ones democrats are waging war to destroy.,

My positions have NOTHING to do with the Democrats but that is where you have to go to defend what you can't otherwise defend.

We are $28 trillion in debt.

 

[Dragonlady]

As long as we are acknowledging it had nothing to do with tax cuts, I'm fine. It happened with cuts or not.

You are attempting to create a straw man. YOU brought up the concept that "need" drives production, which is so much idiocy.

Tax cuts heavily benefit small to medium businesses - which are the very ones democrats are waging war to destroy.,

Democrats aren't the ones who engineered the tax codes to favour mega corporations, or the economies of size. Republicans are the guys who engineered the destruction of the American small business.

Democrats tried to get the PPE programs, and government assistance packages to assist small businesses, and Trump and Mnuchin would have none of it, writing their own rules to benefit large corporations, the airline and hotel industries, and other industries which will be hard pressed to survive this mess, rather than small independently owned businesses which are in the greatest peril.

All of Trump's economic policies in the pandemic have favoured large corporations, and drive small businesses under. Hence the massive transfer of wealth to large corporations and billionaires in the pandemic.

In Canada, we went the other way. Corporations and even medium sized buinesses got NOTHING. Not one dime. Conversely, businesses with less than 10 employees got nothing as well, although their workers got CERB - $2000 a month, plus $500 per child. I gather the smallest businesses are getting something in this lockdown, but I haven't seen the small print on the recent lockdown monies yet.

Local residents are making a real effort to patronize small local business throughout the lockdowns. Many are offering curbside service.

 

[Nostra]

As long as we are acknowledging it had nothing to do with tax cuts, I'm fine. It happened with cuts or not.

You are attempting to create a straw man. YOU brought up the concept that "need" drives production, which is so much idiocy.

Tax cuts heavily benefit small to medium businesses - which are the very ones democrats are waging war to destroy.,

Democrats aren't the ones who engineered the tax codes to favour mega corporations, or the economies of size. Republicans are the guys who engineered the destruction of the American small business.

Democrats tried to get the PPE programs, and government assistance packages to assist small businesses, and Trump and Mnuchin would have none of it, writing their own rules to benefit large corporations, the airline and hotel industries, and other industries which will be hard pressed to survive this mess, rather than small independently owned businesses which are in the greatest peril.

All of Trump's economic policies in the pandemic have favoured large corporations, and drive small businesses under. Hence the massive transfer of wealth to large corporations and billionaires in the pandemic.

In Canada, we went the other way. Corporations and even medium sized buinesses got NOTHING. Not one dime. Conversely, businesses with less than 10 employees got nothing as well, although their workers got CERB - $2000 a month, plus $500 per child. I gather the smallest businesses are getting something in this lockdown, but I haven't seen the small print on the recent lockdown monies yet.

Local residents are making a real effort to patronize small local business throughout the lockdowns. Many are offering curbside service.

Trump's tax cuts were across the board, Stupid.

Every taxpayer in every income level got a cut. It wasn't just for the rich and mega corporations, liar.

 

[Nostra]

They use the windfall to increase profits and enrich investors,

Enriched investors make more investments and/or pay more taxes.

No they pay lower rates of taxes on investment income than workers would pay on their wages. Remember Warren Buffet saying his secretary paid a higher rate of tax that he does. So raising the minimum wage also raises government revenues.

Remember Biden's oft-quoted phrase "valuing work over wealth". Less than 40% of wealthy Americans work, while 80% of the people who received government assistance in 2019, had full-time jobs. No one who has a full time job should require government assistance just to keep a roof over their head.

It's easy to use a broad brush. Hopefully we all find in reprehensible that a Wal-Mart worker would qualify for TANF or Medicaid, while the Wal-Mart heirs avoid taxes. But I've yet to hear any objection, that is not based on emotion and no facts, why there's some great economic argument against taxing - Wal-Mart profits (or Amazon or … name the corporate behemoth) or placing a miniscule penny tax on short term, large stock trades or even taxing healthcare providers - to pay for people to get healthcare whose employers don't provide it as a benefit, which the vast maj of employers offered 40-50 years ago.

Or why is it so much more expensive as measured by a % of income to go to college as it was 40-50 years ago.

I have no idea where your statistics about how many people get aid come from, and I'm not complaining, but generally these figures don't exclude "aid" like medical and education assistance. Placing taxes directly on small biz or even franchisees like Subway, can hurt employment. But even Wal-Mart said it was ok with Obamacare so long as it's competitors had to pay the same taxes.

Only the lowest entry level Wal Mart workers qualify for things like that, and it's better than having people either not work and get all benefits and work at a minimum wage ish job and get some benefits.

Government made it harder for companies to provide health care by creating minimums of coverage, and you blame the companies?

College became more expensive when loans to attend became easy to acquire, increasing the overall $$ availible. Colleges raised prices to match the increase in availible money.

It would be better if the workers received a living wage. Think of the costs of administering the income support programs - application, means testing, collection of taxes, distribution of benefits. Every $1 of benefits costs the taxpayers $1.50 in taxes. Wouldn't it be cheaper on the economy and the taxpayers, to increase the minimum wage to the same levels the workers get in benefits and have Walmart or McDonalds reduce their profits accordingly?

After all, corporations can deduct wages from their taxable income. If they give a worker a $1 per hour increase, that only costs a profitable company 78 cents, since 22 cents out of that dollar would be paid in taxes. Better for the taxpayers, the workers, and the economy, since workers will have more cash to buy consumer goods, and taxpayers will pay lower taxes,, and fewer government workers will be required to administer the programs.

Lower taxes, smaller government, increases to local economies.

Wouldn't it be cheaper on the economy and the taxpayers, to increase the minimum wage to the same levels the workers get in benefits and have Walmart or McDonalds reduce their profits accordingly?

Our Constitution doesn't allow for cost control edicts from the Government, Stupid.

 

[pknopp]

As long as we are acknowledging it had nothing to do with tax cuts, I'm fine. It happened with cuts or not.

You are attempting to create a straw man. YOU brought up the concept that "need" drives production, which is so much idiocy.

Tax cuts heavily benefit small to medium businesses - which are the very ones democrats are waging war to destroy.,

Democrats aren't the ones who engineered the tax codes to favour mega corporations, or the economies of size. Republicans are the guys who engineered the destruction of the American small business.

Democrats tried to get the PPE programs, and government assistance packages to assist small businesses, and Trump and Mnuchin would have none of it, writing their own rules to benefit large corporations, the airline and hotel industries, and other industries which will be hard pressed to survive this mess, rather than small independently owned businesses which are in the greatest peril.

All of Trump's economic policies in the pandemic have favoured large corporations, and drive small businesses under. Hence the massive transfer of wealth to large corporations and billionaires in the pandemic.

In Canada, we went the other way. Corporations and even medium sized buinesses got NOTHING. Not one dime. Conversely, businesses with less than 10 employees got nothing as well, although their workers got CERB - $2000 a month, plus $500 per child. I gather the smallest businesses are getting something in this lockdown, but I haven't seen the small print on the recent lockdown monies yet.

Local residents are making a real effort to patronize small local business throughout the lockdowns. Many are offering curbside service.

Trump's tax cuts were across the board, Stupid.

Every taxpayer in every income level got a cut. It wasn't just for the rich and mega corporations, liar.

$15 dollars for you, $500,000 for me.

 

[Nostra]

They use the windfall to increase profits and enrich investors,

Enriched investors make more investments and/or pay more taxes.

No they pay lower rates of taxes on investment income than workers would pay on their wages. Remember Warren Buffet saying his secretary paid a higher rate of tax that he does. So raising the minimum wage also raises government revenues.

Remember Biden's oft-quoted phrase "valuing work over wealth". Less than 40% of wealthy Americans work, while 80% of the people who received government assistance in 2019, had full-time jobs. No one who has a full time job should require government assistance just to keep a roof over their head.

It's easy to use a broad brush. Hopefully we all find in reprehensible that a Wal-Mart worker would qualify for TANF or Medicaid, while the Wal-Mart heirs avoid taxes. But I've yet to hear any objection, that is not based on emotion and no facts, why there's some great economic argument against taxing - Wal-Mart profits (or Amazon or … name the corporate behemoth) or placing a miniscule penny tax on short term, large stock trades or even taxing healthcare providers - to pay for people to get healthcare whose employers don't provide it as a benefit, which the vast maj of employers offered 40-50 years ago.

Or why is it so much more expensive as measured by a % of income to go to college as it was 40-50 years ago.

I have no idea where your statistics about how many people get aid come from, and I'm not complaining, but generally these figures don't exclude "aid" like medical and education assistance. Placing taxes directly on small biz or even franchisees like Subway, can hurt employment. But even Wal-Mart said it was ok with Obamacare so long as it's competitors had to pay the same taxes.

I have a real bone to pick the franchises, primarily because I did franchise law and use to have to parse franchise agreements to find out exactly what our clients were going to be responsible for paying to the Franchisor.

McDonalds being a case in point. Most operators will tell you they can't afford to increase front line employee wages, and they're not making that much themselves. But McDonald's is one of the most profitable companies in America. That's because the franchise agreement for McDonald's is designed to extract the maximum number of dollars from the stores and transfer them to corporate.

Posters here have said the monthly franchise fee is only 4% of sales. That may be true but there are other fees: advertising fee - also 4%. monthly service fee 4%, rent - also a percentage of sales. Given that the net profti, before taxes for any restaurant is usually around 15% of gross sales, 12% is gone to franchise fees. Then there are your supplies - all food, napkins, placemats and other supplies for your store, will be shipped to you by corporate, at their standard prices. You not only don't have to source this stuff locally, you're not allowed to do it. Last but not least, if corporate decides that your store is looking tired or shabby, they will order to you to redecorate your premises. Corporate will sell you your new counters, booths, tables, and approved decor the world recognizes as McDonalds.

And don't get me started on the "gig economy". Skip the Dishes takes 15% of your order. So much for your profit if you're a small family owned restaurant.

Most operators will tell you they can't afford to increase front line employee wages, and they're not making that much themselves

Based on what you've said, they're right.

Our locally owned and independent restaurants get their menus and placemats at a local printer. They buy their produce and meat from local famers, and they pay their staff a living wage. Those people use the money the restaurant owner pays them to pay rent, buy food, and patronise local merchants. They sponsor little league teams, and hire a local nerd to maintain their website.

Chain restaurants get all of their supplies through corporate, and the money goes to corporate, not the local farmers and merchants. McDonald's staff dependent on government funded income supports, aren't contributing much to the local economies either. Yet look at the profit and loss statements of all of the big fast food chains corporate offices.

McDonald's isn't even the worst offender. They actually want the store owners to succeed. Back in the 1970's, McDonald's store owners got RICH, and quickly too. But over the years, corporate honed their franchise agreements to a fare thee well, to suck just enough cash out of the stores, but not too much, so that the store owner got little. Bear in mind, McDonald DOES everything for you - store set up, training, supplies, pricing - every little detail. It's truly a turn-key operation. All you need is the cash to buy in.

Basically, the entire American fast food industry is run along a similar model, although I think Wendy's has more corporately owned and operated

Every $1 of benefits costs the taxpayers $1.50 in taxes. Wouldn't it be cheaper on the economy and the taxpayers, to increase the minimum wage to the same levels the workers get in benefits and have Walmart or McDonalds reduce their profits accordingly?

Sounds like we should eliminate the benefits bureacracy and increase the EITC.

And boot 30 million illegal aliens.

No, boosting the EITC increases benefits paid by the middle class to workers, and acts as a wage subsidy to corporations. Make the corporations pay their own damn workers, like every other first world country. Plus you're still have government workers calculated their EITC, collect the taxes and pay out the EITC.

Walmart Canada pays its worker $14 per hour here, and they still manage to be the most profitable company in Canada. They really have the cheapest prices for everything, and yet they pay much higher wages here. Of course, they only pay 2% of payroll for health insurance, instead of $14,000 per worker, so there is that.

No, boosting the EITC increases benefits paid by the middle class to workers, and acts as a wage subsidy to corporations. Make the corporations pay their own damn workers, like every other first world country. Plus you're still have government workers calculated their EITC, collect the taxes and pay out the EITC.

The EITC is welfare. People get a "refund" even if they pay no income taxes. You would probably have to google it to know what EITC means.

 

[Nostra]

As long as we are acknowledging it had nothing to do with tax cuts, I'm fine. It happened with cuts or not.

You are attempting to create a straw man. YOU brought up the concept that "need" drives production, which is so much idiocy.

Tax cuts heavily benefit small to medium businesses - which are the very ones democrats are waging war to destroy.,

Democrats aren't the ones who engineered the tax codes to favour mega corporations, or the economies of size. Republicans are the guys who engineered the destruction of the American small business.

Democrats tried to get the PPE programs, and government assistance packages to assist small businesses, and Trump and Mnuchin would have none of it, writing their own rules to benefit large corporations, the airline and hotel industries, and other industries which will be hard pressed to survive this mess, rather than small independently owned businesses which are in the greatest peril.

All of Trump's economic policies in the pandemic have favoured large corporations, and drive small businesses under. Hence the massive transfer of wealth to large corporations and billionaires in the pandemic.

In Canada, we went the other way. Corporations and even medium sized buinesses got NOTHING. Not one dime. Conversely, businesses with less than 10 employees got nothing as well, although their workers got CERB - $2000 a month, plus $500 per child. I gather the smallest businesses are getting something in this lockdown, but I haven't seen the small print on the recent lockdown monies yet.

Local residents are making a real effort to patronize small local business throughout the lockdowns. Many are offering curbside service.

Trump's tax cuts were across the board, Stupid.

Every taxpayer in every income level got a cut. It wasn't just for the rich and mega corporations, liar.

$15 dollars for you, $500,000 for me.

You are clearly clueless.

 

[Dragonlady]

As long as we are acknowledging it had nothing to do with tax cuts, I'm fine. It happened with cuts or not.

You are attempting to create a straw man. YOU brought up the concept that "need" drives production, which is so much idiocy.

Tax cuts heavily benefit small to medium businesses - which are the very ones democrats are waging war to destroy.,

Democrats aren't the ones who engineered the tax codes to favour mega corporations, or the economies of size. Republicans are the guys who engineered the destruction of the American small business.

Democrats tried to get the PPE programs, and government assistance packages to assist small businesses, and Trump and Mnuchin would have none of it, writing their own rules to benefit large corporations, the airline and hotel industries, and other industries which will be hard pressed to survive this mess, rather than small independently owned businesses which are in the greatest peril.

All of Trump's economic policies in the pandemic have favoured large corporations, and drive small businesses under. Hence the massive transfer of wealth to large corporations and billionaires in the pandemic.

In Canada, we went the other way. Corporations and even medium sized buinesses got NOTHING. Not one dime. Conversely, businesses with less than 10 employees got nothing as well, although their workers got CERB - $2000 a month, plus $500 per child. I gather the smallest businesses are getting something in this lockdown, but I haven't seen the small print on the recent lockdown monies yet.

Local residents are making a real effort to patronize small local business throughout the lockdowns. Many are offering curbside service.

Trump's tax cuts were across the board, Stupid.

Every taxpayer in every income level got a cut. It wasn't just for the rich and mega corporations, liar.

80% of the cuts went to the wealthy. The middle class tax cut expire beginning in 2020. The tax cuts for the wealth and corporations are permanent.

 

[Nostra]

As long as we are acknowledging it had nothing to do with tax cuts, I'm fine. It happened with cuts or not.

You are attempting to create a straw man. YOU brought up the concept that "need" drives production, which is so much idiocy.

Tax cuts heavily benefit small to medium businesses - which are the very ones democrats are waging war to destroy.,

Democrats aren't the ones who engineered the tax codes to favour mega corporations, or the economies of size. Republicans are the guys who engineered the destruction of the American small business.

Democrats tried to get the PPE programs, and government assistance packages to assist small businesses, and Trump and Mnuchin would have none of it, writing their own rules to benefit large corporations, the airline and hotel industries, and other industries which will be hard pressed to survive this mess, rather than small independently owned businesses which are in the greatest peril.

All of Trump's economic policies in the pandemic have favoured large corporations, and drive small businesses under. Hence the massive transfer of wealth to large corporations and billionaires in the pandemic.

In Canada, we went the other way. Corporations and even medium sized buinesses got NOTHING. Not one dime. Conversely, businesses with less than 10 employees got nothing as well, although their workers got CERB - $2000 a month, plus $500 per child. I gather the smallest businesses are getting something in this lockdown, but I haven't seen the small print on the recent lockdown monies yet.

Local residents are making a real effort to patronize small local business throughout the lockdowns. Many are offering curbside service.

Trump's tax cuts were across the board, Stupid.

Every taxpayer in every income level got a cut. It wasn't just for the rich and mega corporations, liar.

80% of the cuts went to the wealthy. The middle class tax cut expire beginning in 2020. The tax cuts for the wealth and corporations are permanent.

80% of the cuts went to the wealthy.

Dimwinger talking point bullshit. Links. Let's see your links, and make sure they define "wealthy".

 

[Toddsterpatriot]

The middle class tax cut expire beginning in 2020.

No they don't.

Pelosi is free to write a bill making them permanent.

She's had two years, what is she waiting for?

 

[Nostra]

As long as we are acknowledging it had nothing to do with tax cuts, I'm fine. It happened with cuts or not.

You are attempting to create a straw man. YOU brought up the concept that "need" drives production, which is so much idiocy.

Tax cuts heavily benefit small to medium businesses - which are the very ones democrats are waging war to destroy.,

Democrats aren't the ones who engineered the tax codes to favour mega corporations, or the economies of size. Republicans are the guys who engineered the destruction of the American small business.

Democrats tried to get the PPE programs, and government assistance packages to assist small businesses, and Trump and Mnuchin would have none of it, writing their own rules to benefit large corporations, the airline and hotel industries, and other industries which will be hard pressed to survive this mess, rather than small independently owned businesses which are in the greatest peril.

All of Trump's economic policies in the pandemic have favoured large corporations, and drive small businesses under. Hence the massive transfer of wealth to large corporations and billionaires in the pandemic.

In Canada, we went the other way. Corporations and even medium sized buinesses got NOTHING. Not one dime. Conversely, businesses with less than 10 employees got nothing as well, although their workers got CERB - $2000 a month, plus $500 per child. I gather the smallest businesses are getting something in this lockdown, but I haven't seen the small print on the recent lockdown monies yet.

Local residents are making a real effort to patronize small local business throughout the lockdowns. Many are offering curbside service.

Trump's tax cuts were across the board, Stupid.

Every taxpayer in every income level got a cut. It wasn't just for the rich and mega corporations, liar.

80% of the cuts went to the wealthy. The middle class tax cut expire beginning in 2020. The tax cuts for the wealth and corporations are permanent.

The middle class tax cut expire beginning in 2020.

Not the biggest tax cuts for the poor and middle class.

Trump doubled the standard deduction.
Trump doubled the child tax credit.
Eliminated the Obama Tax.

Those don't go away, and are the biggest benefit to lower and middle income workers.

Once again you demonstrate you are clueless. You do nothing but spew leftist talking point bullshit you are fed by your handlers.

 

[pknopp]

As long as we are acknowledging it had nothing to do with tax cuts, I'm fine. It happened with cuts or not.

You are attempting to create a straw man. YOU brought up the concept that "need" drives production, which is so much idiocy.

Tax cuts heavily benefit small to medium businesses - which are the very ones democrats are waging war to destroy.,

Democrats aren't the ones who engineered the tax codes to favour mega corporations, or the economies of size. Republicans are the guys who engineered the destruction of the American small business.

Democrats tried to get the PPE programs, and government assistance packages to assist small businesses, and Trump and Mnuchin would have none of it, writing their own rules to benefit large corporations, the airline and hotel industries, and other industries which will be hard pressed to survive this mess, rather than small independently owned businesses which are in the greatest peril.

All of Trump's economic policies in the pandemic have favoured large corporations, and drive small businesses under. Hence the massive transfer of wealth to large corporations and billionaires in the pandemic.

In Canada, we went the other way. Corporations and even medium sized buinesses got NOTHING. Not one dime. Conversely, businesses with less than 10 employees got nothing as well, although their workers got CERB - $2000 a month, plus $500 per child. I gather the smallest businesses are getting something in this lockdown, but I haven't seen the small print on the recent lockdown monies yet.

Local residents are making a real effort to patronize small local business throughout the lockdowns. Many are offering curbside service.

Trump's tax cuts were across the board, Stupid.

Every taxpayer in every income level got a cut. It wasn't just for the rich and mega corporations, liar.

80% of the cuts went to the wealthy. The middle class tax cut expire beginning in 2020. The tax cuts for the wealth and corporations are permanent.

The middle class tax cut expire beginning in 2020.

Not the biggest tax cuts for the poor and middle class.

Trump doubled the standard deduction.
Trump doubled the child tax credit.
Eliminated the Obama Tax.

Those don't go away, and are the biggest benefit to lower and middle income workers.

Once again you demonstrate you are clueless. You do nothing but spew leftist talking point bullshit you are fed by your handlers.

The arguments by the debt advocates are that the time to raise taxes are when the economy is good. The $8 trillion dollar debt man argued that under him the economy was the best it ever was. No raising taxes though, just cuts and debt.

 

[healthmyths]

https://www.washingtonpost.com/business/2020/12/23/tax-cuts-rich-trickle-down/

Creating more debt and giving more to the uber rich

Says the paper that is owned by the world's richest man Jeff Bezos.

The World's Billionaires - Wikipedia

en.wikipedia.org

 

[22lcidw]

https://www.washingtonpost.com/business/2020/12/23/tax-cuts-rich-trickle-down/

Creating more debt and giving more to the uber rich

The trickle down economic theory was the biggest scam ever run against the American people.

The War on Poverty makes the trickle down theory look like a minor local program..

 

[22lcidw]

As long as we are acknowledging it had nothing to do with tax cuts, I'm fine. It happened with cuts or not.

You are attempting to create a straw man. YOU brought up the concept that "need" drives production, which is so much idiocy.

Tax cuts heavily benefit small to medium businesses - which are the very ones democrats are waging war to destroy.,

Democrats aren't the ones who engineered the tax codes to favour mega corporations, or the economies of size. Republicans are the guys who engineered the destruction of the American small business.

Democrats tried to get the PPE programs, and government assistance packages to assist small businesses, and Trump and Mnuchin would have none of it, writing their own rules to benefit large corporations, the airline and hotel industries, and other industries which will be hard pressed to survive this mess, rather than small independently owned businesses which are in the greatest peril.

All of Trump's economic policies in the pandemic have favoured large corporations, and drive small businesses under. Hence the massive transfer of wealth to large corporations and billionaires in the pandemic.

In Canada, we went the other way. Corporations and even medium sized buinesses got NOTHING. Not one dime. Conversely, businesses with less than 10 employees got nothing as well, although their workers got CERB - $2000 a month, plus $500 per child. I gather the smallest businesses are getting something in this lockdown, but I haven't seen the small print on the recent lockdown monies yet.

Local residents are making a real effort to patronize small local business throughout the lockdowns. Many are offering curbside service.

Trump's tax cuts were across the board, Stupid.

Every taxpayer in every income level got a cut. It wasn't just for the rich and mega corporations, liar.

80% of the cuts went to the wealthy. The middle class tax cut expire beginning in 2020. The tax cuts for the wealth and corporations are permanent.

The middle class tax cut expire beginning in 2020.

Not the biggest tax cuts for the poor and middle class.

Trump doubled the standard deduction.
Trump doubled the child tax credit.
Eliminated the Obama Tax.

Those don't go away, and are the biggest benefit to lower and middle income workers.

Once again you demonstrate you are clueless. You do nothing but spew leftist talking point bullshit you are fed by your handlers.

The arguments by the debt advocates are that the time to raise taxes are when the economy is good. The $8 trillion dollar debt man argued that under him the economy was the best it ever was. No raising taxes though, just cuts and debt.

Ideally, the fiat currency should only run deficits during bad times. The multiplier was much better many decades ago. This is more then political parties now.

 

[dudmuck]

Its a study from London School of Economics, it has nothing todo with WaPo.
London School of Economics studied 18 different developed countries. Trickle-down failure is global, not just USA.

What was your favorite part, fuckaduck? The bright colors? The extra-large fonts? Or maybe the deep analysis of;

{"Major reforms reducing taxes on the rich lead to higher income inequality," concluded David Hope and Julian Limberg of the London School of Economics and Political Science. "In contrast, such reforms do not have any significant effect on economic growth and unemployment." }



Moronic leftist platitudes are what the Bolsheviks here think constitute a "serious study," at lest when confirmation bias is applied.

so then where is your study which shows that tax cuts on the wealthy grow the economy?

 

[BluesLegend]

I hoard my tax cuts, you deadbeat losers can earn your own wealth and stop mooching.