Taxes
02-21-2019, 03:08 PM
#201
Banned
Joined APC: May 2006
Posts: 1,192
Originally Posted by LumberJack
Trickle down economics don't work.
The tax cut was aimed at business and the wealthy.
The tax cut added to the national deficit.
https://www.jct.gov/publications.htm...rtdown&id=5152
The tax cut was aimed at business and the wealthy.
The tax cut added to the national deficit.
https://www.jct.gov/publications.htm...rtdown&id=5152
02-21-2019, 04:04 PM
#202
Banned
Joined APC: Dec 2018
Posts: 648
Originally Posted by Slaphappy
Reality shows that it does work.
"Since 2000, usual weekly wages have risen 3% (in real terms) among workers in the lowest tenth of the earnings distribution and 4.3% among the lowest quarter. But among people in the top tenth of the distribution, real wages have risen a cumulative 15.7%."
Also, the companies with their MASSIVE corporate tax cuts have spent a larger percentage paying back investors over corporate investment or wages which benefits.... Wait for it, the top 1%. But at least they are saving $150 a month on taxes.
02-21-2019, 05:55 PM
#203
Coverage Award...
Joined APC: Nov 2016
Posts: 1,305
Trickle down doesn't work.
A 2012 study by the Tax Justice Network indicates that wealth of the super-rich does not trickle down to improve the economy, but it instead tends to be amassed and sheltered in tax havens with a negative effect on the tax bases of the home economy.
https://www.theguardian.com/business...omy-tax-havens
In 2013, Pope Francis referred to "trickle-down theories" in his apostolic exhortation Evangelii Gaudium with the following statement:
Evangelii Gaudium : Apostolic Exhortation on the Proclamation of the Gospel in Today's World (24 November 2013) | Francis
A 2015 paper by researchers for the International Monetary Fund argues that there is no trickle-down effect as the rich get richer:
https://www.imf.org/en/Publications/...spective-42986
A 2015 report on policy by economist Pavlina R. Tcherneva described the failings of increasing economic gains of the rich without commensurate participation by the working and middle classes, referring to the problematic policies as "Reagan-style trickle-down economics," and "a trickle-down, financial-sector-driven policy regime".
http://www.levyinstitute.org/pubs/pn_15_4.pdf
-Sourced from wiki
A 2012 study by the Tax Justice Network indicates that wealth of the super-rich does not trickle down to improve the economy, but it instead tends to be amassed and sheltered in tax havens with a negative effect on the tax bases of the home economy.
https://www.theguardian.com/business...omy-tax-havens
In 2013, Pope Francis referred to "trickle-down theories" in his apostolic exhortation Evangelii Gaudium with the following statement:
Some people continue to defend trickle-down theories which assume that economic growth, encouraged by a free market, will inevitably succeed in bringing about greater justice and inclusiveness in the world. This opinion, which has never been confirmed by the facts, expresses a crude and naïve trust in the goodness of those wielding economic power and in the sacralized workings of the prevailing economic system.
A 2015 paper by researchers for the International Monetary Fund argues that there is no trickle-down effect as the rich get richer:
If the income share of the top 20 percent (the rich) increases, then GDP growth actually declines over the medium term, suggesting that the benefits do not trickle down. In contrast, an increase in the income share of the bottom 20 percent (the poor) is associated with higher GDP growth.
A 2015 report on policy by economist Pavlina R. Tcherneva described the failings of increasing economic gains of the rich without commensurate participation by the working and middle classes, referring to the problematic policies as "Reagan-style trickle-down economics," and "a trickle-down, financial-sector-driven policy regime".
http://www.levyinstitute.org/pubs/pn_15_4.pdf
-Sourced from wiki
02-21-2019, 08:01 PM
#205
Banned
Joined APC: May 2006
Posts: 1,192
Originally Posted by ChecklistMonkey
Your reality is a fantasy and only reality for the top income earners.
"Since 2000, usual weekly wages have risen 3% (in real terms) among workers in the lowest tenth of the earnings distribution and 4.3% among the lowest quarter. But among people in the top tenth of the distribution, real wages have risen a cumulative 15.7%."
Also, the companies with their MASSIVE corporate tax cuts have spent a larger percentage paying back investors over corporate investment or wages which benefits.... Wait for it, the top 1%. But at least they are saving $150 a month on taxes.
"Since 2000, usual weekly wages have risen 3% (in real terms) among workers in the lowest tenth of the earnings distribution and 4.3% among the lowest quarter. But among people in the top tenth of the distribution, real wages have risen a cumulative 15.7%."
Also, the companies with their MASSIVE corporate tax cuts have spent a larger percentage paying back investors over corporate investment or wages which benefits.... Wait for it, the top 1%. But at least they are saving $150 a month on taxes.
Originally Posted by LumberJack
Trickle down doesn't work.
A 2012 study by the Tax Justice Network indicates that wealth of the super-rich does not trickle down to improve the economy, but it instead tends to be amassed and sheltered in tax havens with a negative effect on the tax bases of the home economy.
https://www.theguardian.com/business...omy-tax-havens
In 2013, Pope Francis referred to "trickle-down theories" in his apostolic exhortation Evangelii Gaudium with the following statement:
Evangelii Gaudium : Apostolic Exhortation on the Proclamation of the Gospel in Today's World (24 November 2013) | Francis
A 2015 paper by researchers for the International Monetary Fund argues that there is no trickle-down effect as the rich get richer:
https://www.imf.org/en/Publications/...spective-42986
A 2015 report on policy by economist Pavlina R. Tcherneva described the failings of increasing economic gains of the rich without commensurate participation by the working and middle classes, referring to the problematic policies as "Reagan-style trickle-down economics," and "a trickle-down, financial-sector-driven policy regime".
http://www.levyinstitute.org/pubs/pn_15_4.pdf
-Sourced from wiki
A 2012 study by the Tax Justice Network indicates that wealth of the super-rich does not trickle down to improve the economy, but it instead tends to be amassed and sheltered in tax havens with a negative effect on the tax bases of the home economy.
https://www.theguardian.com/business...omy-tax-havens
In 2013, Pope Francis referred to "trickle-down theories" in his apostolic exhortation Evangelii Gaudium with the following statement:
Evangelii Gaudium : Apostolic Exhortation on the Proclamation of the Gospel in Today's World (24 November 2013) | Francis
A 2015 paper by researchers for the International Monetary Fund argues that there is no trickle-down effect as the rich get richer:
https://www.imf.org/en/Publications/...spective-42986
A 2015 report on policy by economist Pavlina R. Tcherneva described the failings of increasing economic gains of the rich without commensurate participation by the working and middle classes, referring to the problematic policies as "Reagan-style trickle-down economics," and "a trickle-down, financial-sector-driven policy regime".
http://www.levyinstitute.org/pubs/pn_15_4.pdf
-Sourced from wiki
I don't understand how people can sit here and act like "Wealth inequality" is a legitimate issue. Wealth is created, wealth is not part of a some finite pie that everyone gets a slice of.
02-22-2019, 01:00 AM
#206
Coverage Award...
Joined APC: Nov 2016
Posts: 1,305
Wealth inequality is not the problem, growth inequality is the problem. It's a lot like international JVs, we don't want them stealing the flying that would have been ours, we just want to grow together to our mutual benefit.
Last edited by LumberJack; 02-22-2019 at 01:22 AM.
02-22-2019, 04:05 AM
#207
Gets Weekends Off
Joined APC: Sep 2015
Position: I got into this business so I wouldn't have to work.
Posts: 1,034
Originally Posted by LumberJack
Trickle down doesn't work.
A 2012 study by the Tax Justice Network indicates that wealth of the super-rich does not trickle down to improve the economy, but it instead tends to be amassed and sheltered in tax havens with a negative effect on the tax bases of the home economy.
https://www.theguardian.com/business...omy-tax-havens
In 2013, Pope Francis referred to "trickle-down theories" in his apostolic exhortation Evangelii Gaudium with the following statement:
Evangelii Gaudium : Apostolic Exhortation on the Proclamation of the Gospel in Today's World (24 November 2013) | Francis
A 2015 paper by researchers for the International Monetary Fund argues that there is no trickle-down effect as the rich get richer:
https://www.imf.org/en/Publications/...spective-42986
A 2015 report on policy by economist Pavlina R. Tcherneva described the failings of increasing economic gains of the rich without commensurate participation by the working and middle classes, referring to the problematic policies as "Reagan-style trickle-down economics," and "a trickle-down, financial-sector-driven policy regime".
http://www.levyinstitute.org/pubs/pn_15_4.pdf
-Sourced from wiki
A 2012 study by the Tax Justice Network indicates that wealth of the super-rich does not trickle down to improve the economy, but it instead tends to be amassed and sheltered in tax havens with a negative effect on the tax bases of the home economy.
https://www.theguardian.com/business...omy-tax-havens
In 2013, Pope Francis referred to "trickle-down theories" in his apostolic exhortation Evangelii Gaudium with the following statement:
Evangelii Gaudium : Apostolic Exhortation on the Proclamation of the Gospel in Today's World (24 November 2013) | Francis
A 2015 paper by researchers for the International Monetary Fund argues that there is no trickle-down effect as the rich get richer:
https://www.imf.org/en/Publications/...spective-42986
A 2015 report on policy by economist Pavlina R. Tcherneva described the failings of increasing economic gains of the rich without commensurate participation by the working and middle classes, referring to the problematic policies as "Reagan-style trickle-down economics," and "a trickle-down, financial-sector-driven policy regime".
http://www.levyinstitute.org/pubs/pn_15_4.pdf
-Sourced from wiki
I just heard Bernie's running. That ought to help in your world.
02-22-2019, 04:21 AM
#208
Gets Weekends Off
Joined APC: Feb 2008
Posts: 19,273
Originally Posted by Vincent Chase
I just heard Bernie's running. That ought to help in your world.
02-22-2019, 04:23 AM
#209
Gets Weekends Off
Joined APC: Sep 2015
Position: I got into this business so I wouldn't have to work.
Posts: 1,034
Originally Posted by sailingfun
Bernie once complained tax cuts did nothing for people earning under 50,000 a year. People earning under 50,000 a year don’t pay federal taxes if married and very little if single. In most cases they get a earned income credit and a refund when they paid no taxes in the first place. It’s difficult to cut someone’s taxes when you don’t pay any in the first place.
02-22-2019, 06:50 AM
#210
Gets Weekends Off
Joined APC: Mar 2015
Position: stake holder ir.delta.com
Posts: 10,032
Originally Posted by SonicFlyer
Letting people keep more of their money ALWAYS benefits the economy at large.
U.S. National Debt Clock : Real Time
And these people call themselves conservatives. Now that's some funny Schiit.
Last edited by notEnuf; 02-22-2019 at 07:01 AM.
Thread
Thread Starter
Forum
Replies
Last Post
wannabepilot
Hangar Talk
0
04-25-2008 09:19 PM
