Trickle Up Defies Gravity

[Hutch Starskey]

A business is only successful when consumers buy their products and services.

Nearly 70% of the GDP is consumer spending.

Obviously if the bulk of consumers made more and spent more, that would be far more beneficial to business than a tax cut alone.

Consumers spend less when the potential of higher taxes looms over them, and more when taxes are less burdensome.

Great. Then any tax relief should be focused on the largest possible segment of consumers to achieve the largest benefit.

Consumer confidence and spending was very high over the Christmas shopping period, WITHOUT a tax cut.

Are we learning yet?

Just not as high as it needs to be to create sustained growth.

Patience.

You can wait for it all you want. It ain't coming.

 

[danielpalos]

tax cuts don't create demand; people spending money do. Healthcare reform and a fifteen dollar an hour minimum wage!

A $15 an hour minimum wage will cause wages overall to rise...which will cause the price of goods and services to rise as well. So tell me how getting a "raise" and then having the cost of everything you need to buy go up does anything at all for the average person's life?

The only group that "wins" by raising minimum wage is government because they get to take more of your money! Duh?

funny. did you know, nobody on the left should take the right wing seriously about economics or the law?

Yes, but inflation will be around five percent or less. Inflation happens, the right wing Only complains when the poor benefit.

ReDistribution is for fools

Thanks for taking the blame for the debt, right wingers.

Socialist entitlement programs are the reason for the debt… End of story

I love, right wing humor. The debt is due to our alleged wars on crime, drugs, and terror, that the right wing, also refuses to pay for.

"bunch of Vandals"

 

[Billy_Kinetta]

Trickle UP? How silly.

How many jobs are provided by the poor? How many paychecks have they written?

A business is only successful when consumers buy their products and services.

Nearly 70% of the GDP is consumer spending.

Obviously if the bulk of consumers made more and spent more, that would be far more beneficial to business than a tax cut alone.

Consumers spend less when the potential of higher taxes looms over them, and more when taxes are less burdensome.

A fifteen dollar an hour minimum wage will increase consumption more and create more demand than will a tax cut. Nobody is working hard for a tax cut. They are working harder with higher taxes.

Fry-flipping isn't worth $15,00 per hour. Period.

The fact is a lot of unskilled illegals swamped the unskilled job market, pushing out the part-time American adolescents the jobs were intended to be filled by.

Now, with their skills remaining static and nowhere to go, they want to force the companies into turning these low-paying unskilled monkey jobs into full-time middle class careers, complete with all benefits.

Better to automate.

Fry-flipping isn't worth $15,00 per hour. Period.

Relative to what?

The skills required to perform it.

How does the MW today compare in real $ to MW in the past?

Irrelevant. A job (ideally) pays what it is worth to the employer, not indexed to some arbitrary "living wage" legislated to gain votes.

 

[Harpy Eagle]

Trickle UP? How silly.

How many jobs are provided by the poor? How many paychecks have they written?

A business is only successful when consumers buy their products and services.

Nearly 70% of the GDP is consumer spending.

Obviously if the bulk of consumers made more and spent more, that would be far more beneficial to business than a tax cut alone.

Consumers spend less when the potential of higher taxes looms over them, and more when taxes are less burdensome.

A fifteen dollar an hour minimum wage will increase consumption more and create more demand than will a tax cut. Nobody is working hard for a tax cut. They are working harder with higher taxes.

Service jobs are not worth $15 an hour, that would be forcing those employers into the red

There should be no artificial minimum wage, let the market determine the wage


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[Harpy Eagle]

Another lying partisan hack. Is this all you Trump zealots have left is to lie about people? What the fuck is wrong with you?

Did you want to tell me WHAT it is you think is a "lie" in my statement...or does calling it a lie suffice for you? You've come on the board and posted things claiming to be in the know about business and economics. I've pointed out that it's more anticipation of profit that makes businesses expand and hire...not just demand because if they're not making more money by getting bigger...they're not going to invest capital in getting bigger!
Your response to my point was angry bluster. So who's the partisan hack?

Your lie is that I said companies would hire even if they were losing money. Never said such a thing not implied it.

Corporations in this country have been seeing record profits over the last few years, without the tax cut. This stupid idea that now they will finally have enough money to hire people is just a right wing fairy tale.


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Only a fool thinks tax’s Benefit anyone but the career politicians/deep state... Believe in redistribution is for absolute fool’s

Only a fool thinks the deep state is a real thing, but for all the CTs that you buy into I am not shocked you believe it is real


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The deep state is career civilian federal jobs, those people can never get fired and have no sense of reality. And are absolute control freaks.
And are overpaid to the extreme... The real swamp

Federal employees are just like their counterparts in the civilian world. There are good ones and bad ones but mostly they are just people doing their job to support their family


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[usmbguest5318]

So, they are just going to give more people jobs even though they do not need them?

You really think that business hire people just because they have more money?

So, FedEx is going to hire more drivers even though they do not need them?

Are you really that stupid? Do not bother answering, we all know the answer.

Have you ever even had a job?

OT:

Well, in fairness, one need not ever have held a job to fully understand economics. What one needs to have had are:

• Strong reading comprehension skills.
• Strong applied math skills (mastery of statistics, calculus, linear algebra and differential equations)
• Strong critical thinking skills.
• The will to study and master the existing body of economic theory (science sense of the term) and practice.

To "get" just the basics, however, one can do just fine with having modest applied math skills (calculus). That said, there is a fairly large gap between what constitutes the "basics of economics" and what content in fact falls into that body of knowledge.​

 

[danielpalos]

A business is only successful when consumers buy their products and services.

Nearly 70% of the GDP is consumer spending.

Obviously if the bulk of consumers made more and spent more, that would be far more beneficial to business than a tax cut alone.

Consumers spend less when the potential of higher taxes looms over them, and more when taxes are less burdensome.

A fifteen dollar an hour minimum wage will increase consumption more and create more demand than will a tax cut. Nobody is working hard for a tax cut. They are working harder with higher taxes.

Fry-flipping isn't worth $15,00 per hour. Period.

The fact is a lot of unskilled illegals swamped the unskilled job market, pushing out the part-time American adolescents the jobs were intended to be filled by.

Now, with their skills remaining static and nowhere to go, they want to force the companies into turning these low-paying unskilled monkey jobs into full-time middle class careers, complete with all benefits.

Better to automate.

Fry-flipping isn't worth $15,00 per hour. Period.

Relative to what?

The skills required to perform it.

How does the MW today compare in real $ to MW in the past?

Irrelevant. A job (ideally) pays what it is worth to the employer, not indexed to some arbitrary "living wage" legislated to gain votes.

There is no unemployment, only underpayment. Healthcare reform and a fifteen dollar an hour minimum wage!

 

[danielpalos]

Trickle UP? How silly.

How many jobs are provided by the poor? How many paychecks have they written?

A business is only successful when consumers buy their products and services.

Nearly 70% of the GDP is consumer spending.

Obviously if the bulk of consumers made more and spent more, that would be far more beneficial to business than a tax cut alone.

Consumers spend less when the potential of higher taxes looms over them, and more when taxes are less burdensome.

A fifteen dollar an hour minimum wage will increase consumption more and create more demand than will a tax cut. Nobody is working hard for a tax cut. They are working harder with higher taxes.

Service jobs are not worth $15 an hour, that would be forcing those employers into the red

There should be no artificial minimum wage, let the market determine the wage


Sent from my iPhone using USMessageBoard.com

right wing fantasy?

I love special pleading.

Let our debt level determine our tax level!

 

[Harpy Eagle]

A business is only successful when consumers buy their products and services.

Nearly 70% of the GDP is consumer spending.

Obviously if the bulk of consumers made more and spent more, that would be far more beneficial to business than a tax cut alone.

Consumers spend less when the potential of higher taxes looms over them, and more when taxes are less burdensome.

A fifteen dollar an hour minimum wage will increase consumption more and create more demand than will a tax cut. Nobody is working hard for a tax cut. They are working harder with higher taxes.

Service jobs are not worth $15 an hour, that would be forcing those employers into the red

There should be no artificial minimum wage, let the market determine the wage


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Let our debt level determine our tax level!

I am actually good with that. It would be one sure fire way to get people on board with cutting spending


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[BrokeLoser]

A business is only successful when consumers buy their products and services.

Nearly 70% of the GDP is consumer spending.

Obviously if the bulk of consumers made more and spent more, that would be far more beneficial to business than a tax cut alone.

Consumers spend less when the potential of higher taxes looms over them, and more when taxes are less burdensome.

A fifteen dollar an hour minimum wage will increase consumption more and create more demand than will a tax cut. Nobody is working hard for a tax cut. They are working harder with higher taxes.

Service jobs are not worth $15 an hour, that would be forcing those employers into the red

There should be no artificial minimum wage, let the market determine the wage


Sent from my iPhone using USMessageBoard.com

right wing fantasy?

I love special pleading.

Let our debt level determine our tax level!

Consumers spend less when the potential of higher taxes looms over them, and more when taxes are less burdensome.

A fifteen dollar an hour minimum wage will increase consumption more and create more demand than will a tax cut. Nobody is working hard for a tax cut. They are working harder with higher taxes.

Service jobs are not worth $15 an hour, that would be forcing those employers into the red

There should be no artificial minimum wage, let the market determine the wage


Sent from my iPhone using USMessageBoard.com

Let our debt level determine our tax level!

I am actually good with that. It would be one sure fire way to get people on board with cutting spending


Sent from my iPhone using USMessageBoard.com

Hahaha...I’m busting a gut right now.....
Danny says: “Let OUR debt level determine OUR tax level“
Daniel, nobody here...and I mean nobody believes you and or any of your pro gamer buddies here pay federal income taxes...we are 100% positive your effective tax rate is in the negative figures...making you a fiscal liability.
That said....Please never use the word OUR in the above context again. It’s awfully misleading and very much a lie...we know it, you know it.
Thank You for your cooperation...much appreciated.

 

[Hutch Starskey]

A business is only successful when consumers buy their products and services.

Nearly 70% of the GDP is consumer spending.

Obviously if the bulk of consumers made more and spent more, that would be far more beneficial to business than a tax cut alone.

Consumers spend less when the potential of higher taxes looms over them, and more when taxes are less burdensome.

A fifteen dollar an hour minimum wage will increase consumption more and create more demand than will a tax cut. Nobody is working hard for a tax cut. They are working harder with higher taxes.

Fry-flipping isn't worth $15,00 per hour. Period.

The fact is a lot of unskilled illegals swamped the unskilled job market, pushing out the part-time American adolescents the jobs were intended to be filled by.

Now, with their skills remaining static and nowhere to go, they want to force the companies into turning these low-paying unskilled monkey jobs into full-time middle class careers, complete with all benefits.

Better to automate.

Fry-flipping isn't worth $15,00 per hour. Period.

Relative to what?

The skills required to perform it.

How does the MW today compare in real $ to MW in the past?

Irrelevant. A job (ideally) pays what it is worth to the employer, not indexed to some arbitrary "living wage" legislated to gain votes.

So wages should decrease over time?

 

[Skull Pilot]

The 'rich' don't spend money? What brand of LSD laced crack are you smoking OP? ...

Obviously the "rich" already can and do spend as much as they care to.

So that justifies taking the rest from them right?

 

[Skull Pilot]

but the rich will not add it to the economy, they will put it in the bank to do nothing

Sure, they will, dumb ass, because every rich person got there by sticking all of their money in a savings account earning a .02% APR.

They got there by earning far more than they spend. That means they are already spending as much as they care to. Allowing them to earn more through tax cuts does nothing to encourage further spending.

Keeping more of what you earn is not the same as earning more.

What dictionary do you people use?

 

[Skull Pilot]

Consumers spend less when the potential of higher taxes looms over them, and more when taxes are less burdensome.

A fifteen dollar an hour minimum wage will increase consumption more and create more demand than will a tax cut. Nobody is working hard for a tax cut. They are working harder with higher taxes.

Fry-flipping isn't worth $15,00 per hour. Period.

The fact is a lot of unskilled illegals swamped the unskilled job market, pushing out the part-time American adolescents the jobs were intended to be filled by.

Now, with their skills remaining static and nowhere to go, they want to force the companies into turning these low-paying unskilled monkey jobs into full-time middle class careers, complete with all benefits.

Better to automate.

Fry-flipping isn't worth $15,00 per hour. Period.

Relative to what?

The skills required to perform it.

How does the MW today compare in real $ to MW in the past?

Irrelevant. A job (ideally) pays what it is worth to the employer, not indexed to some arbitrary "living wage" legislated to gain votes.

So wages should decrease over time?

So you think people with jobs making button hooks should have kept getting increases in pay?

 

[Skull Pilot]

No.
Not doing the practical arithmetic...poor Johnny is paid $30k per year by ABC Corp...how can Johnny send more than he was paid up the “chain”?

Does ABC Corp make a profit? Where does that profit come from? Look at the big picture. Where does the money flow?

Ofcouse ABC Corp makes a profit.
Your point is clear...you somehow believe money originates at the bottom and works its way up...I couldn’t disagree more. Getting real deep...you’d have to go way back to understand where old money originated....there lies your answer....land, livestock, agriculture and ones own blood, sweat and tears.
Looking at Microsoft as a model....one could not and would not be able to consume Microsoft products and or services had Bill Gates not engineered an operating system and built Microsoft....therefore all Microsoft products and services consumed began at Bill Gates. Are you starting to get it yet?

You are putting words in my mouth. I never said that Money originated at the bottom. I said that money flows up to the top. Look at the last two decades. The top earners have sucked up the vast majority of new Money and become richer than ever while the middle class has remained relatively stagnant. Of course the top earners pay wages and employ workers. A % goes down to the bottom and a larger percentage ends up floating to the top. Do you deny this?

/----/ Libs believe there is a finite amount of money to be made and if an "evil rich" guy makes a dollar it's only because he stole it from the poor. Well the economy is ever expanding and there is plenty to go around. Stop blaming others for your situation.

There is a finite amount of money in the economy. There is less of that money in the hands of the bulk of Americans than at any other time.

So you think that if Tom got a big fat raise that Dick and Harry would necessarily get a pay cut?

 

[BluesLegend]

The 'rich' don't spend money? What brand of LSD laced crack are you smoking OP? ...

Obviously the "rich" already can and do spend as much as they care to.

So that justifies taking the rest from them right?

Liberal drones have drank the wealth envy koolaid their leaders fed them.

 

[Hutch Starskey]

The 'rich' don't spend money? What brand of LSD laced crack are you smoking OP? ...

Obviously the "rich" already can and do spend as much as they care to.

So that justifies taking the rest from them right?

That's your retarded logic.

I simply explained why tax cuts aren't going to increase spending. If I can already write a check for $50k anytime I'd like, how does giving me a $50k tax cut make me more likely to spend? How much shit do you imagine people need?

 

[Hutch Starskey]

Does ABC Corp make a profit? Where does that profit come from? Look at the big picture. Where does the money flow?

Ofcouse ABC Corp makes a profit.
Your point is clear...you somehow believe money originates at the bottom and works its way up...I couldn’t disagree more. Getting real deep...you’d have to go way back to understand where old money originated....there lies your answer....land, livestock, agriculture and ones own blood, sweat and tears.
Looking at Microsoft as a model....one could not and would not be able to consume Microsoft products and or services had Bill Gates not engineered an operating system and built Microsoft....therefore all Microsoft products and services consumed began at Bill Gates. Are you starting to get it yet?

You are putting words in my mouth. I never said that Money originated at the bottom. I said that money flows up to the top. Look at the last two decades. The top earners have sucked up the vast majority of new Money and become richer than ever while the middle class has remained relatively stagnant. Of course the top earners pay wages and employ workers. A % goes down to the bottom and a larger percentage ends up floating to the top. Do you deny this?

/----/ Libs believe there is a finite amount of money to be made and if an "evil rich" guy makes a dollar it's only because he stole it from the poor. Well the economy is ever expanding and there is plenty to go around. Stop blaming others for your situation.

There is a finite amount of money in the economy. There is less of that money in the hands of the bulk of Americans than at any other time.

So you think that if Tom got a big fat raise that Dick and Harry would necessarily get a pay cut?

No, I don't think that at all, dope.

 

[Skull Pilot]

The 'rich' don't spend money? What brand of LSD laced crack are you smoking OP? ...

Obviously the "rich" already can and do spend as much as they care to.

So that justifies taking the rest from them right?

That's your retarded logic.

I simply explained why tax cuts aren't going to increase spending. If I can already write a check for $50k anytime I'd like, how does giving me a $50k tax cut make me more likely to spend? How much shit do you imagine people need?

IDGAF if tax cuts increase spending or not.

IMO everyone should keep as much of their own money as possible.

And unlike you I don't think I have the right to tell another person what they "need".

 

[Skull Pilot]

Ofcouse ABC Corp makes a profit.
Your point is clear...you somehow believe money originates at the bottom and works its way up...I couldn’t disagree more. Getting real deep...you’d have to go way back to understand where old money originated....there lies your answer....land, livestock, agriculture and ones own blood, sweat and tears.
Looking at Microsoft as a model....one could not and would not be able to consume Microsoft products and or services had Bill Gates not engineered an operating system and built Microsoft....therefore all Microsoft products and services consumed began at Bill Gates. Are you starting to get it yet?

You are putting words in my mouth. I never said that Money originated at the bottom. I said that money flows up to the top. Look at the last two decades. The top earners have sucked up the vast majority of new Money and become richer than ever while the middle class has remained relatively stagnant. Of course the top earners pay wages and employ workers. A % goes down to the bottom and a larger percentage ends up floating to the top. Do you deny this?

/----/ Libs believe there is a finite amount of money to be made and if an "evil rich" guy makes a dollar it's only because he stole it from the poor. Well the economy is ever expanding and there is plenty to go around. Stop blaming others for your situation.

There is a finite amount of money in the economy. There is less of that money in the hands of the bulk of Americans than at any other time.

So you think that if Tom got a big fat raise that Dick and Harry would necessarily get a pay cut?

No, I don't think that at all, dope.

You just said there is a finite amount of money in the economy didn't you?

If that is the case then you obviously do think if one person makes more that others must make less