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NoShit... (Original Post) pbmus Oct 2017 OP
Facts no longer matter in the U.S., especially in the Republican wing of government. SamKnause Oct 2017 #1
True that madokie Oct 2017 #7
It all starts with the minimum wage Smitty63nnn Oct 2017 #9
Ultimately madokie Oct 2017 #11
I totally agree, but Smitty63nnn Oct 2017 #17
They have decoupled profits from wages... Wounded Bear Oct 2017 #2
Anybody who believes this is going to be a windfall for the working and middle classes is just smirkymonkey Oct 2017 #3
Have a "t" on me. Gamble with it. n/t rzemanfl Oct 2017 #4
I'll take "missing letters" for 500, Alex. n/t They_Live Oct 2017 #8
Donald Drumpf's *ee tapes. n/t rzemanfl Oct 2017 #10
Oh, I don't know; "I would be everything I own" has rather a profound meaning, no? WinkyDink Oct 2017 #16
Unfortunately, today there is more money to be made from investing in assets than workers. Hoyt Oct 2017 #5
Yep, not only profits have been historically high, but also the CASH ON HAND of corporations. TrollBuster9090 Oct 2017 #6
Or the billionaire simply buys more property, which does not create jobs, only inflates real estate. Bernardo de La Paz Oct 2017 #12
And then rents out the real estate for double the mortgage... pbmus Oct 2017 #13
DUH!!! Workers are considered LIABILITIES by corporate owners and stock-holders!! PROFITS ARE WinkyDink Oct 2017 #14
Of course it won't. It never has, that I'm aware of. nt Honeycombe8 Oct 2017 #15
Just the same old tired shit that Bush did world wide wally Oct 2017 #18
And reagonomics...a totally failed trickle down disaster.. pbmus Oct 2017 #19
No, it was a successful disaster and a failed, flawed BigmanPigman Oct 2017 #21
Since Reagan, GOP gives tax cuts; then Democrats have to raise taxes to bail out the sinking ship. VOX Oct 2017 #20
A boss I had once described corporate taxation in the best way I ever heard jmowreader Oct 2017 #22
How does the MAGA working class have no idea who their oppressors are? Corvo Bianco Oct 2017 #23

SamKnause

(13,097 posts)
1. Facts no longer matter in the U.S., especially in the Republican wing of government.
Tue Oct 24, 2017, 06:12 PM
Oct 2017

Until the Republicans are laughed at, mocked, and humiliated every time they mention

tax cuts for corporations on news programs, nothing will change.

News programs should have the facts, charts, and graphs at the ready to disprove

the lie that Supply Side Economics was successful.

The only thing that is trickling down in the U.S. is poverty, and it is trickling at an alarming rate.

People working 2 low wage jobs are barely keeping their heads above water.

If you want to spur the economy and create jobs, increase wages !!!!!!!!!

 

Smitty63nnn

(59 posts)
9. It all starts with the minimum wage
Tue Oct 24, 2017, 07:48 PM
Oct 2017

15 an hour sounds good to me. Imagine the economy with 15 an hour minimum wage. You know damn well, it will all go back to the economy.

madokie

(51,076 posts)
11. Ultimately
Tue Oct 24, 2017, 07:54 PM
Oct 2017

our government would be able to afford all the social programs we so badly need. Plus rebuild our infrastructure, prepare for the future even

Its not right that we have homeless people. Should be zero persons who don't have a place to lay their heads or a table to eat from. Its not right that we have so many people who can't afford to see a doctor or a dentist.

Where we are as a society is not where we ought to be.

 

Smitty63nnn

(59 posts)
17. I totally agree, but
Tue Oct 24, 2017, 08:27 PM
Oct 2017

until something changes it will be the same old shit, over and over. And as of today, I can't name one thing that has changed from all the mistakes in the last election.

We lost to DONALD F TRUMP. This was huge. The verdict (in my mind) is still out on how that happens. Yet nobody seems to care, since we've done nothing to fix what went wrong. I can think of 2 areas to improve. Super delegates and the electoral college. Yet, NOTHING!!!!.

Wounded Bear

(58,647 posts)
2. They have decoupled profits from wages...
Tue Oct 24, 2017, 06:18 PM
Oct 2017

used to be, the tax structure encouraged corps to re-invest in their own plant equipment and employees. Now, they mostly re-invest it in stock buy-backs, so the investor class gets richer and wages stagnate.

 

smirkymonkey

(63,221 posts)
3. Anybody who believes this is going to be a windfall for the working and middle classes is just
Tue Oct 24, 2017, 06:27 PM
Oct 2017

a fucking idiot. I'm sorry. Maybe I am being too cynical, but I would be everything I own that it will never happen. The gap between the haves and have nots will only grow wider.

 

Hoyt

(54,770 posts)
5. Unfortunately, today there is more money to be made from investing in assets than workers.
Tue Oct 24, 2017, 06:37 PM
Oct 2017

Don't really think that will change anytime soon, no matter what is done. Sooner or later, we are going to have to look at some form of guaranteed income or something similar. But, that's probably not going to happen soon either.

TrollBuster9090

(5,954 posts)
6. Yep, not only profits have been historically high, but also the CASH ON HAND of corporations.
Tue Oct 24, 2017, 07:33 PM
Oct 2017

I remember hearing that American corporations were sitting on top of $2 Trillion in profits in 2009 when the 'stimulus' bill was passed. They continued to sit on it, rather than hiring people.

How long is this stupid ZOMBIE ECONOMICS LIE going to persist. Corporations DO NOT USE higher profits to hire more people, or to pay the people they already employ higher wages (except for the executives, of course). And, cutting taxes for billionaire plutocrats DOES NOT make them hire more people, or create jobs. Give a billionaire another tax cut, and the only person he'll employ is another accountant to find a way to stash the money in a shell company in the Bahamas.

 

WinkyDink

(51,311 posts)
14. DUH!!! Workers are considered LIABILITIES by corporate owners and stock-holders!! PROFITS ARE
Tue Oct 24, 2017, 08:21 PM
Oct 2017

REDUCED PER WORKER!!!

Salary, health benefits, pension, vacation time, overtime, sick pay, jury duty, Military Reserve duty, etc. = LOSSES TO STOCK-HOLDERS.

To be clear:

CORPORATE OWNERSHIP HATES---YES, HATES---EMPLOYEES.

BigmanPigman

(51,584 posts)
21. No, it was a successful disaster and a failed, flawed
Tue Oct 24, 2017, 08:56 PM
Oct 2017

concept. Someone on CNN said that the average middle class person will see a whopping $8 a week benefit...WOW! What will people do with all that cash?

VOX

(22,976 posts)
20. Since Reagan, GOP gives tax cuts; then Democrats have to raise taxes to bail out the sinking ship.
Tue Oct 24, 2017, 08:44 PM
Oct 2017

No one likes the adult who tells you to eat your spinach. And Democrats have been put in that position since Bill Clinton. The GOP, the so-called "party of fiscal responsibility," racks up massive tabs on never-ending war, ignoring major natural disasters, and sending more wealth upstream to their 1% buddies.

It's past time to break up that pattern.

jmowreader

(50,555 posts)
22. A boss I had once described corporate taxation in the best way I ever heard
Tue Oct 24, 2017, 09:03 PM
Oct 2017

If you are a corporation...

you earn $1000...

and you are paying taxes on more than one of those dollars...

you need to fire your accountant for incompetence.

When guys like Rex Tillerson (former CEO of ExxonMobil and current United States Oil Minister) claim the corporate tax rate in this country is too high, I always think, "what the hell are you smoking, and can you give me some? We're already paying your ass $170 million in refundable tax credits for the privilege of getting gouged at your gas stations. How damn low do you want taxes to be?"

Corvo Bianco

(1,148 posts)
23. How does the MAGA working class have no idea who their oppressors are?
Wed Oct 25, 2017, 06:06 PM
Oct 2017

Their blind trust in rich dudes is stunning. Oh well, at least they get to swoon over Hannity nightly. Worth it!

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