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I told you there is no such a thing as trickle down theory. The rich hoard the money.


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2018 Jul 19, 9:40am   7,795 views  31 comments

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https://www.msn.com/en-us/money/markets/gop-tax-cuts-arent-boosting-wages/ar-AAAgLtL?li=BBnbfcN

When do people realize that giving the tax breaks to the rich will not boost the wage. They will hoard the money
and pay their debt, if there is any. This is what is happening. The rich hoard money. Buying back the stock is not
going to boost economy or adding jobs, it will only increase the company's net worth. It won't even increase the output.

When do people realize giving money to the rich will not boost economy?

If we have money, why not spend that on investing into our children? (Please don't argue about the fact that we are spending
a lot already. I am saying if we have money to give to the rich, spend it on our kids. Use that money to create more seats at
universities and colleges. Most of the seats are filled with foreigners who are willing to pay more. This really sucks, because our
parents and grand parents paid to make these institutions. And their kids are not allowed to study there, because the foreigners are
taking up their seats.) It is simple; it was Steve Jobs and his employees who created the iPhone. And people who believed in it made
the investment. Not because they had the tax break.

Comments 1 - 31 of 31        Search these comments

1   Strategist   2018 Jul 19, 9:50am  

I wonder where the money to pay welfare queens comes from, if not trickle down? My theory:
The rich drink champagne, trickle down on the poor, and magically the piss turns into cash.
2   Tenpoundbass   2018 Jul 19, 9:52am  

10 or 20 new Cities or upsize small towns to major cities where there is room for such growth across America, is literally all it would take to level the playing field. That is if Capitalism is allowed carte blanche to make it a reality. If the interest rates picked the winners and losers and not Fed Chief. And the Labor wasn't controlled by one or two major companies that bussed in illegal workers to do it.

Liberals would also get their Green NYC to LA ChooChoo Train.
3   zzyzzx   2018 Jul 19, 10:02am  

Trickle down does work. It's just that when you have free trade agreements, it trickles down to Mexico and China, etc.
4   Shaman   2018 Jul 19, 10:11am  

The labor supply must also be limited for wages to go up. When you allow uncontrolled immigration, outsource every job that can be outsourced, and allow corporations to import all the Chindians they want to replace tech workers, you thwart this process and keep wages from rising in response to greater labor needs.
It’s so simple a Democrat should be able to understand it!
5   Tenpoundbass   2018 Jul 19, 10:17am  

zzyzzx says
Trickle down does work. It's just that when you have free trade agreements, it trickles down to Mexico and China, etc.


Excellent Truth!
6   Heraclitusstudent   2018 Jul 19, 11:09am  

Strategist says
I wonder where the money to pay welfare queens comes from, if not trickle down? My theory:
The rich drink champagne, trickle down on the poor, and magically the piss turns into cash.


Instead of taking the money from the rich as taxes, we borrow it from them, paying them 3% interests.
Big difference.
7   RecentCost   2018 Jul 19, 11:57am  

Taxing the shit out of rich people at a slightly lower rate than before is "giving them money"? No, it's letting them keep more of what they earned.

If progressives could dump the entitled attitudes and got to work they wouldn't need to complain about having their welfare taken away.

Throwing money at children doesn't fix the problem. Fix the families.
8   Tenpoundbass   2018 Jul 19, 12:21pm  

If the Liberals championed real job growth and higher GDP and the return of Manufacturing so our youth could experience an adult life and the experience of raising a two car garage nuclear family. I could see rallying with them about higher taxes. Their higher taxation nonsense stops at being spitefully petty and jealous that someone is earning a decent income. They don't give a fuck about the millions that could earn a better income if the Democrats gave one Goddamn Greasy shit stained fuck.
9   Strategist   2018 Jul 19, 12:23pm  

Heraclitusstudent says
Strategist says
I wonder where the money to pay welfare queens comes from, if not trickle down? My theory:
The rich drink champagne, trickle down on the poor, and magically the piss turns into cash.


Instead of taking the money from the rich as taxes, we borrow it from them, paying them 3% interests.
Big difference.


The rich never got rich by investing at a long term 3% rate of return, where 2% gets lost by inflation, and the rest (probably more) through taxes.
Most of the borrowings from the fed is through the government itself, other countries, and corporations looking to temporarily park their money.
Eventually, all that borrowing ends up being the responsibility of the rich, because the poor don't have money.
10   MrMagic   2018 Jul 19, 12:24pm  

Nobody says
When do people realize giving money to the rich will not boost economy?


When do people realize throwing more money at useless employees doesn't improve productivity and grow the economy.
11   RecentCost   2018 Jul 19, 1:07pm  

jazz_music says
The people of every civilized country have a social safety net


Social safety nets end up becoming hammocks after you take people's pride and motivation to get ahead in life.

"You're a victim, here's some free shit. I'm a hero!"
12   Tenpoundbass   2018 Jul 19, 1:09pm  

RecentCost says
jazz_music says
The people of every civilized country have a social safety net


Yes and America has always had a better social net.
What the Liberals champion for is a Social Trap.
13   Goran_K   2018 Jul 19, 1:26pm  

Nobody says
When do people realize that giving the tax breaks to the rich will not boost the wage


We've had record low unemployment across all demographics, we actually have more job openings than people looking for work, a rise in the participation rate, and record stock market gains. The country literally has trillions of dollars MORE wealth since the tax cuts went into effect. This all obviously has an inflationary effect on the economy as well, and yes in the SHORT TERM, people will have slightly less buying power as the markets adjust.

It's far better than what we had before.
14   FortWayne   2018 Jul 19, 2:11pm  

Business = trickle down. Because it’s hiring people. It’s selling product. It moves economy
15   Goran_K   2018 Jul 19, 2:14pm  

jazz_music says
So what happens to the wage scale, when we do things on the "cheap labor conservative plan".


You're sorely mistaken. That's the DEMOCRAT LABOR PLAN. What happens to all the illegal aliens that come into the country?

jazz_music says
But Conservatives are oblivious to all this government spending, government infrastructure, and government regulation that directly benefits American corporations. They only see the government spending that helps the wage earner – and hypocritically claim that the wage earner should “stand on his own two feet” – as if they do.


Uh no. Have you actually listened to prominent libertarians or conservatives? Ben Shapiro, Peter Schiff? They want LESS government all around. It's Democrats who increasingly fall in love with large state institutions. Look at Bernie Sanders, he wants the government to take over education and health care. He nearly won the Democrat party nomination in 2016 (and would have had the DNC not cheated him).
16   clambo   2018 Jul 19, 2:28pm  

Of course money "trickles down." The richer people feel, they more they will spend.

The wealthy who spent summer in Martha's Vineyard supported much of the local economy. They also paid property taxes for places they lived in for 3 months per year.

In Palm Beach County the retired spend freely and the local economy depends on them. Much of the local property tax is paid by those who are from the North and have established Florida residency. The NY, NJ, CT taxes that they don't pay are spent in the Florida winters. It's odd to see so many expensive restaurants jammed with people over 65.
17   CBOEtrader   2018 Jul 19, 2:41pm  

Goran_K says
Nobody says
When do people realize that giving the tax breaks to the rich will not boost the wage


We've had record low unemployment across all demographics


Basic economic theory: less unemployment = wage increase across that demographic. Employment will always need to grow to optimal levels before wages increase.

Nobody says
When do people realize that giving the tax breaks to the rich will not boost the wage.


There is no way for a tax cut to NOT effect the rich more than the poor. You can either say any tax is bad (which is insane) or accept that wealthy people who pay most of the taxes will ALWAYS benefit more individually than poorer people.

Economic improvements ALWAYS have and ALWAYS will effect the rich more than the poor in an absolute sense. It is fundamentally incorrect to argue that economic improvements dont help the poor however. Capitalism has literally saved billions of lives and freed many times more grinding poverty.
19   Patrick   2018 Jul 19, 5:47pm  

clambo says
The richer people feel, they more they will spend.


More importantly, the poorer people actually are, the greater percentage of their money they have to spend.

If you want to boost the economy, just give the poor better paying jobs (by stopping the export of jobs and stopping the import of illegal labor). The poor will spend it, and the entire economy will benefit.

If you give more to the rich, especially in this environment of weak demand (caused by the globalist devastation of wages for the poor), then the rich will simply throw it on their giant pile with all the other money they have, not spending or productively investing it.
20   Ceffer   2018 Jul 19, 6:01pm  

Snuffing stogies on the foreheads of beggars isn't trickle down, it's Caligulan Splendor in action.
21   MrMagic   2018 Jul 19, 6:49pm  

Patrick says
More importantly, the poorer people actually are, the greater percentage of their money they have to spend.


That's a great Liberal narrative that's pushed, but doesn't have any basis in reality. Liberals love percentages...

The reality is, expenses and bills are paid with DOLLARS not percentages. Wealthy people spend a hell of a lot more DOLLARS than poorer people. Percentages don't factor in when pertaining to dollars injected into the economy.
22   MrMagic   2018 Jul 19, 6:52pm  

Patrick says
If you give more to the rich, especially in this environment of weak demand


Another popular Liberal narrative.

The rich aren't "given" anything with the new tax bill. They get to KEEP more of what they earned, and send less to the government. But that "less" amount they still send is HUGE compared to what the bottom 2/3'rds of the country send.
23   Booger   2018 Jul 19, 7:47pm  

jazz_music says
Those retirees are there because of benefits hard won for them by labor unions
.

Labor Unions are responsible for 401K's?
24   Strategist   2018 Jul 19, 8:17pm  

Goran_K says
we actually have more job openings than people looking for work


We are doing so good with jobs that it's actually gonna hurt business. They can't find all the employees they need.
Slow down, Trump. Calm down a bit with the prosperity.
Oddly, the welfare queens still can't find jobs. I can only wonder why.
25   Strategist   2018 Jul 19, 8:23pm  

Booger says
jazz_music says
Those retirees are there because of benefits hard won for them by labor unions
.

Labor Unions are responsible for 401K's?


Yup, 401K's are all due to labor unions. And social security, and welfare.
26   Reality   2018 Jul 19, 8:51pm  

If the original poster was sending his post from a desktop/laptop computer, his very action of posting was the result of trickle-down: trickling from a $10,000 command-line business machine that all the best known industrial leaders at the time "knew" nobody would ever want one for home, down to a sub-$500 device that he could post from.

If the original poster was sending his post from a smart phone, his very action of posting was the result of trickle-down: trickling from a $5000 brief-case phone that only the C-level executives could afford (and could only make phone calls) down to a handy multi-functional device found in the pockets of even the poorest members of society today.

The point of money is not money per se, but what you can buy with it. Private entrepreneurs are far better at offering up goods for purchase by individuals than governments central planners are able to deliver. Would you rather prefer the same wages but better/more products to buy for the same money over time (because of entrepreneurs competing to make improvements), or would you rather prefer rapidly increasing nominal wages but can't even buy toilet paper with the wages like in Venezuela after a couple decades of socialism?

Tax-cut is not giving money to the rich, but letting millions of competent entrepreneurs use their own resources to compete against each other in offering different choices for consumers, instead of letting a few thousand central planners colluding to confiscate the resources and forcing consumers/citizens into "government"-mandated "free shit." Do you prefer to be a free customer able to choose from which farm/store you'd like to buy your food, or do you prefer to become a plantation slave and get your free food, along with free education, free housing, and free clothing, all at the discretion of the slave owner?

Funny the guy should mention Steve Jobs when pushing his agenda of wasting more confiscated money on worthless liberal arts education (the type that needs government support because the market won't pay for it): does he even know that Steve Jobs was a college dropout?
27   Reality   2018 Jul 19, 9:02pm  

jazz_music says

Liberals, on the other hand want to drive their government to SIGNIFICANT solve problems that MOST people are facing under the tyranny of these overgrown corporations and banks.


The tyranny of these overgrown corporations and banks can only exist because of government-granted monopolies. Otherwise, what's preventing competition from emerging?

Do you prefer to have a monopoly forced upon you (as in both government bureaucrats and government-granted monopoly benefiting "private" corporation), or do you prefer having more freedom/liberty to choose? Do you think the service-provider will treat you better because they have a monopoly over you or do you think they will treat you better if you have a choice ?
28   Strategist   2018 Jul 19, 9:09pm  

Reality says
If the original poster was sending his post from a desktop computer, his very action of posting was the result of trickle-down: trickling from a $10,000 command-line business machine that all the best known industrial leaders at the time "knew" nobody would ever want one for home, down to a sub-$500 device that he could post from.

If the original poster was sending his post from a smart phone, his very action of posting was the result of trickle-down: trickling from a $5000 brief-case phone that only the C-level executives could afford (and could only make phone calls) down to a handy multi-functional device found in the pockets of even the poorest members of society today.

The point of money is not money per se, but what you can buy with it. Private entrepreneurs are far better at offering up goods for purchase by individuals than governments central planners are able to deliver. Would you rather prefer the same wages but better/more products to buy for the same money ov...


Sadly, communists will never understand all this. They will reprove Einstein's theory of insanity again and again, and still never quit. I actually don't mind, because it's fun to kick commie ass.
29   Reality   2018 Jul 19, 9:20pm  

MAGAbrush says
Labor unions fought for defined benefit pensions.


Defined benefit pension plan was a scam tying employees to a sinking ship. Every corporation eventually dies (when its market position is no longer profitable), usually after the executives raid the pension funds. Employers liked pension plans because they didn't have to pay up-front; labor bosses liked pension plans because they could pretend they won something and therefore could take a cut up front without waiting for the life-long vestment period on the commission.
30   Strategist   2018 Jul 19, 9:23pm  

MAGAbrush says
Strategist says
Sadly, communists will never understand all this. They will reprove Einstein's theory of insanity again and again, and still never quit. I actually don't mind, because it's fun to kick commie ass.

Which for unfathomable reasons you must do any time someone talks about using democracy to accomplish some good for the masses.

Why do you do that?


If they were doing good for the masses I wouldn't have to do that.

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