NBC: Tax cuts don't spur economic growth


Hoid
#61
I do fight my own government's spending.
 
Hoid
#62
Seriously - how can you have record tax revenues (from the 99% - Corporate/billionaire taxes are doen 36%?) an economy that is the "best ever"

and still be borrowing money like a crack head?

US economy in trouble.
 
Cliffy
Free Thinker
+2
#63
 
Cliffy
Free Thinker
#64
 
Hoid
#65
USA in big trouble.
 
Cliffy
Free Thinker
+1
#66
Quote: Originally Posted by Hoid View Post

USA in big trouble.

And there ain't no antidote for stupidity.
 
Bar Sinister
No Party Affiliation
#67
 
Walter
+1
#68
Trump's Tax Cut 'Scam' Created 1.3 Million New Jobs, New CBO Data Show
https://www.investors.com/politics/e...cuts-paid-for/

Díoh! MAGA
 
Cliffy
Free Thinker
-1
#69
Quote: Originally Posted by Walter View Post

Trump's Tax Cut 'Scam' Created 1.3 Million New Jobs, New CBO Data Show
https://www.investors.com/politics/e...cuts-paid-for/

Díoh! MAGA

Minimum wage jobs where people have to work 3 jobs just to pay the rent is not good for the economy. When are you bozos going to get it through your thick skulls?
 
Cliffy
Free Thinker
-1
#70
 
taxslave
Free Thinker
+4
#71
Quote: Originally Posted by Cliffy View Post

Minimum wage jobs where people have to work 3 jobs just to pay the rent is not good for the economy. When are you bozos going to get it through your thick skulls?

So get an education and get a real job. Bob.
 
Hoid
#72
It’s official: The Trump tax cuts were a bust

https://www.marketwatch.com/story/it...ust-2019-01-30
 
pgs
Free Thinker
+3
#73
Quote: Originally Posted by Cliffy View Post

Minimum wage jobs where people have to work 3 jobs just to pay the rent is not good for the economy. When are you bozos going to get it through your thick skulls?

Sucks to be you .
 
Jinentonix
No Party Affiliation
+4
#74
Quote: Originally Posted by Cliffy View Post

Minimum wage jobs where people have to work 3 jobs just to pay the rent is not good for the economy. When are you bozos going to get it through your thick skulls?

You listening to Cortez and her really bad math again?
 
Danbones
Free Thinker
+2
#75
Quote: Originally Posted by Cliffy View Post

Minimum wage jobs where people have to work 3 jobs just to pay the rent is not good for the economy. When are you bozos going to get it through your thick skulls?

Work will set you free.

Leaves a lot less time for useless bitching.
 
Dixie Cup
Conservative
+1
#76
Quote: Originally Posted by White_Unifier View Post

Unfortunately, our younger population is just as bad across all generations.



Especially if Trudeau is any indication....budgets balance themselves don't forget!! We definitely need more financial education in our school systems because the young ones figure that you simply go to an ATM and get money when you need it. LOL
 
Hoid
#77
Nattys not interested

Right before Congress passed the Tax Cuts and Jobs Act in December 2017, President Trump proclaimed:

“It’ll be fantastic for the middle-income people and for jobs, most of all ... I think we could go to 4%, 5% or even 6% [GDP growth], ultimately. We are back. We are really going to start to rock.”

A year later, it’s very clear that the tax cuts boosted gross domestic product and jobs a bit — and just for one year. Its effects are fading as U.S. GDP growth appears likely to weaken in 2019. The only thing that “rocked” were corporate profits and the stock market. And we’re facing trillion-dollar deficits as far as the eye can see.


https://www.marketwatch.com/story/it...ust-2019-01-30

Tax cut = fail
 
Hoid
#78
Now how does President Game Show Host borrow another trillion bucks this year...?

Maybe a war...?
 
pgs
Free Thinker
+1
#79
Quote: Originally Posted by Hoid View Post

Now how does President Game Show Host borrow another trillion bucks this year...?

Maybe a war...?

Isnít it congressí Job to allocate spending ?
 
Cliffy
Free Thinker
-1
#80
 
pgs
Free Thinker
#81
Quote: Originally Posted by Cliffy View Post

Warren Buffet , George Soros , Tom Steyer , you mean like these guys ?
 
Walter
#82
Quote: Originally Posted by pgs View Post

Warren Buffet , George Soros , Tom Steyer , you mean like these guys ?

Mark Zuckerberg, Michael Bloomberg, Howard Schultz, Bill Gates...
 
Hoid
#83
The top 26 richest people in the world have more wealth than the poorest 3.6 billion.

Poor Canadian climate change deniers are happy.
 
coldstream
-1
#84
In the grand scheme of things tax cuts for the rich do not spur economic growth. This expands the most passive forms of capital at the expense of the most active in consumer spending. In fact government spending on infrastructure and services is as much a spur to economic activity as that from the private sector. The fanaticism around deficits is a chimera and a product of monetarist dogma (commodification and free markets in currency and credit).

But the surest anchor to sustainable economic growth is a large and prosperous middle class. That requires a fair and progressive tax system and a dirigiste role for government in ensuring and equitable sharing of wealth, fair wages.

The libertarian NeoCon/NeoLib policies of free trade, monetarism, deregulation, privatization, and regressive taxation (with respect to income, capital gains, estates) has decimated the Middle Class. We have an economy now the rewards the most parasitic elements in the economy (investment banking, trading) at the expense of the productive sectors.

I think Trump's tax cuts, which were rightly seen as a tax cut for the rich, is the reason he lost the House in the midterms.
Last edited by coldstream; Feb 2nd, 2019 at 02:13 PM..
 
Tecumsehsbones
#85
Quote: Originally Posted by White_Unifier View Post

Unfortunately, our younger population is just as bad across all generations.

When you consider that each generation is dumber, lazier, and more immoral than the one before (just ask the one before), it makes a body wonder how we can be healthier, wealthier, and more free than any generation in history.
 

Similar Threads

21
The Folly of Endless Economic Growth
by s_lone | Apr 7th, 2013
0
Leaders in Economic Growth
by I think not | Feb 20th, 2006