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Wed May 24, 2017, 10:36 PM

 

Damn it all! Cutting taxes on the wealthy

has never grown the economy!

Wealthy people take the new money and save it. They do not create jobs they do not start new businesses.

The lost revenue causes more borrowing and higher interest payments for the government.

Media should call out conservatives on trickle down economics that we have known since Reagan is an ideological myth.

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Reply Damn it all! Cutting taxes on the wealthy (Original post)
wasupaloopa May 2017 OP
PoindexterOglethorpe May 2017 #1
Kablooie May 2017 #3
Beartracks May 2017 #2
Kablooie May 2017 #4
pansypoo53219 May 2017 #5

Response to wasupaloopa (Original post)

Wed May 24, 2017, 10:40 PM

1. Or they spend it on things that don't create jobs.

A new home. Even if they build a new one, those relatively few jobs don't last very long. Or they buy a personal jet. There are only so many people employed as crew.

Or they buy nice jewelry, or eat out more often at expensive restaurants. Again, few if any new jobs are created.

Whereas poor and lower middle class people are immediately spending their money on basics like food, gas for the car, clothes, and so on. Things that actually stimulate the economy.

Heck, I have a cleaning service clean my house every other week, and aside from the fact that I'm a crappy housekeeper, now my home sparkles and I help keep a couple of people employed.

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Response to PoindexterOglethorpe (Reply #1)

Thu May 25, 2017, 01:19 AM

3. Most just lock it up in some account.

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Response to wasupaloopa (Original post)

Wed May 24, 2017, 10:52 PM

2. Did conservative voters not notice the timeline?

1) FIRST, Dubya Bush gives the rich the largest tax cut in history...

2) THEN, the economy tanks into huge recession, hemorrhaging 100,000's of jobs, vaporizing pensions and investments and retirement savings, and crashing the housing and automobile industries.

Continuing on...

3) THEN, Obama was elected (after the economy tanked, not before).

4) AND THEN, during the next election cycle, the rich cast themselves as "Job Creators" and claimed they needed tax cuts to "create jobs."

And that brings us to...

5) GO TO #1.

==================

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Response to Beartracks (Reply #2)

Thu May 25, 2017, 01:21 AM

4. The GOP says 'this is not the droid you are looking for'

And the voters chant "this is not the droid we are looking for."

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Response to wasupaloopa (Original post)

Thu May 25, 2017, 04:41 AM

5. faith based ekonomikkks requires no facts or stats. JUST CUT TAXES FOR THE RICH MORE!

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