HomeLatest ThreadsGreatest ThreadsForums & GroupsMy SubscriptionsMy Posts
DU Home » Latest Threads » Forums & Groups » Main » General Discussion (Forum) » A massive tax cut for the...

Thu Oct 5, 2017, 10:54 AM

A massive tax cut for the wealthy will crash the economy

It always does. If we don't take money away from those at the top and re-circulate it through people at the bottom and middle (who end up trading it for goods and services to those at the top again), then that money just stagnates, disappears from the economy, or is used to blow up investment bubbles that also crash and wreck the economy.

7 replies, 1861 views

Reply to this thread

Back to top Alert abuse

Always highlight: 10 newest replies | Replies posted after I mark a forum
Replies to this discussion thread
Arrow 7 replies Author Time Post
Reply A massive tax cut for the wealthy will crash the economy (Original post)
ProfessorPlum Oct 2017 OP
Nay Oct 2017 #1
ProudMNDemocrat Oct 2017 #2
haveahart Oct 2017 #3
ProfessorPlum Oct 2017 #7
HughBeaumont Oct 2017 #4
kacekwl Oct 2017 #5
Willie Pep Oct 2017 #6

Response to ProfessorPlum (Original post)

Thu Oct 5, 2017, 10:59 AM

1. That's the ultimate aim of this bunch. They can use their money to buy our land, etc., out

from under us (I'm including public lands in this statement), and to drive most of us to penury and homelessness. Which will result in widespread death, but that's OK with them, too. They know the environmental reckoning is coming and population reduction is a good thing.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to ProfessorPlum (Original post)

Thu Oct 5, 2017, 11:03 AM

2. According to Republicans, the RICH pay too much in taxes.....



while the Poor and Middle Class pay way too little.

So what is the answer? Take away the buying power of the Poor and Middle Class. Take away the tax deductions as well and redistribute the money to the top from the bottom, and stow that money overseas in Tax Havens to AVOID paying taxes. Works every time. Just ask Reagan economic holdovers and George W. Bush.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to ProfessorPlum (Original post)

Thu Oct 5, 2017, 11:07 AM

3. That's what they want. The "economy" is for working dolts like us. "Wealth" is for the non-working

 

non-earned income people who will have their wealth no matter what the economy does. They don't care if people don't have jobs, don't have healthcare, don't have money. In fact, they go out of their way to make sure they don't. The 1% will never go broke so they don't really give a damn. A bad economy only gets in the way of their greed, not their wealth.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to haveahart (Reply #3)

Thu Oct 5, 2017, 11:25 AM

7. that's true

Reply to this post

Back to top Alert abuse Link here Permalink


Response to ProfessorPlum (Original post)

Thu Oct 5, 2017, 11:09 AM

4. Wait until the mass firings start to happen, just as they did after Bewsh II's first tax cut.

There's never been a time in modern history when mass firings following a tax cut DIDN'T happen.

You're giving corporations and the wealthy all this free money without them having to put back in their businesses or hire workers? They're taking that deal ALL day long. And these idiot Reagan-fellating asshole Schtroumpf voters fall for this Laffer-lympics Snake Oil every SINGLE time!!

Reply to this post

Back to top Alert abuse Link here Permalink


Response to ProfessorPlum (Original post)

Thu Oct 5, 2017, 11:24 AM

5. Just for you and me.

They will be fine. Will also make it easier to privateers to come in a take over.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to ProfessorPlum (Original post)

Thu Oct 5, 2017, 11:25 AM

6. More speculation will result.

Then another crash. Then people will sit around scratching their heads asking "why did this happen?" and nothing will change because the Republicans will try to blame some weak, unpopular group like they did during the last recession when they tried to pin the blame on minority homeowners and sadly millions of Americans will agree with them.

Reply to this post

Back to top Alert abuse Link here Permalink

Reply to this thread