Proven: Lowering Taxes is good and "trickle down" is make believe

Trickle down cannot work as a driver. If you simply give a company money via tax breaks, this does not compel them to automatically hire more workers. And if they dont have a demand for more workers, what is to stop them, and why should they not, simply pocket the money?

The pretense that tax breaks will create jobs does not seem to cohere.
If you give a tax cut to a business there's only 2 things they can do with the money (broadly speaking): reinvest it in their business (which may or may not involve new hires) or pay it to share holders in dividends. Share holders have the same options: invest it or spend it. Either way it is economic stimulus.
 
If you give a tax cut to a business there's only 2 things they can do with the money (broadly speaking): reinvest it in their business (which may or may not involve new hires) or pay it to share holders in dividends. Share holders have the same options: invest it or spend it. Either way it is economic stimulus.

Well, it depends on what they spend it on, or what they invest it in. It's not a 1 to 1 correlation between tax breaks and job creation though. And they can also simply invest in themselves, or buy things for themselves, of course.
 
Well, it depends on what they spend it on, or what they invest it in. It's not a 1 to 1 correlation between tax breaks and job creation though. And they can also simply invest in themselves, or buy things for themselves, of course.
If you buy something for yourself, you're doing business with someone. The cycle then repeats.

Business is good. Profit is good. It's not sunk cost. Getting people to create value for each other is the only way to create wealth for anyone. The worst thing you can do is remove incentive to do that which is what high taxes do.
 
If you buy something for yourself, you're doing business with someone. The cycle then repeats.

Business is good. Profit is good. It's not sunk cost. Getting people to create value for each other is the only way to create wealth for anyone. The worst thing you can do is remove incentive to do that which is what high taxes do.

But American industry boomed when tax rates were way higher.
 
But American industry boomed when tax rates were way higher.
What era are you talking about, 1950's and 60's? There was an industrial boom post WWII that drove that. Semi-automation made our factories very efficient and we still needed people to run the machines. Plus it was still too expensive to ship goods from Asia so outsourcing wasn't economically viable like it is today.

You honestly think raising taxes is going to make our industries more productive? BTW, people talk like manufacturing is dead in America, it's not. The US is number 2 in the world on manufacturing competitiveness behind China and Deloitte expects us to retake number 1 by 2020.

https://www2.deloitte.com/in/en/pag...obal-manufacturing-competitiveness-index.html
 
Just name one " respected " economist that doesn't respect Sowell. Come on, name one. LOL
Paul Krugman probably hates him because Sowell shoots holes in all his stupid arguments. Nobel Prize my ass.
 
What era are you talking about, 1950's and 60's? There was an industrial boom post WWII that drove that. Semi-automation made our factories very efficient and we still needed people to run the machines. Plus it was still too expensive to ship goods from Asia so outsourcing wasn't economically viable like it is today.

You honestly think raising taxes is going to make our industries more productive? BTW, people talk like manufacturing is dead in America, it's not. The US is number 2 in the world on manufacturing competitiveness behind China and Deloitte expects us to retake number 1 by 2020.

https://www2.deloitte.com/in/en/pag...obal-manufacturing-competitiveness-index.html

Thanks for sharing that. I had no idea.
 
Paul Krugman probably hates him because Sowell shoots holes in all his stupid arguments. Nobel Prize my ass.

Was waiting for Krugman to come up...but I don't think Krugman ever shit on Sowell.
 
Was waiting for Krugman to come up...but I don't think Krugman ever shit on Sowell.
Maybe not. But please change your avatar. That's the biggest gunt I've ever seen and I'm afraid it will scare small children.
 
Maybe not. But please change your avatar. That's the biggest gunt I've ever seen and I'm afraid it will scare small children.

I thought it was called a Grundel, or maybe it's just 6 fanny packs filled with twizzlers.
 
Alright, so lets start it off by saying some morons think that republicans said don't tax the rich and it will "trickle" down benefits to the regular folk.
The WORST PRESIDENT EVER AKA OBAMA even parroted this lie like the filthy commie scum he is.


Now, Thomas Sowell, a well respected Economist challenged anyone to PROVE any real economist or president made this claim and to date no one has provided proof.
But commie dipshit Obama spouts it......hmmm....


Ok, so back on track. Here is a theory.


This means that we lower the taxes even for the rich and corporations and there would actually be more economic growth and taxes collected----which idiots might think is contradictory.

Ok, so this is a theory that can be tested.
Well, it has been tested 4 TIMES all with the SAME RESULTS.
The effect on economy was increase rate of rate of growth, increased revenue received by the government, the rich actually paid more taxes even though it was "tax cuts for the rich" and the rich paid a higher percentage of all taxes.

SO IT WORKS.

Well, who did it? 1) bush, 2) reagan, 3) kennedy, 4) andrew melon in 20s
NOTICE JFK on there and he was a democrat. Back then there was no partisan difference on taxes. Way to go dems!!!

One in depth example:
in the early 20s tax rate on top income was 73% and people making over 100k paid 30% of all taxes
by the end of the 20s tax rate cut to 24% on the top incomes and peole making over 100k paid 65% of all taxes

The truth is if you tax the rich and corporations they will not pay it. They put their money into tax exempt securities.
But if you want symbolic tax hike to get votes then you can pretend that taxing the rich extra is a good thing (thanks again dems!)

But don't listen to me, listen to an expert


Uh oh, I wonder if the democrats would call him a mediocre (racist term), even though he grew up in Harlem and worked his way to where he is and is very brilliant and successful----you know how much the dems hate that.

Sowell is proven liar. He lied about the source of the government shutdown and I don't give him a pass. It is quite fitting that this houseboy is named "Tom."

Trickle down economics is a fraud.

Tax cuts have never, ever, covered the cost of the tax cut itself. Never.

Mellon's tax cuts? The tax base was increased exponentially. Bush, Reagan and JFK all lost tax revenue. All of them.

To Republicans and right wing fanatics: There is no magic. Reduced tax rates do not pay out like a broken slot machine. Or in the words of Milton Friedman, "There is no free lunch."
 
If you buy something for yourself, you're doing business with someone. The cycle then repeats.

Business is good. Profit is good. It's not sunk cost. Getting people to create value for each other is the only way to create wealth for anyone. The worst thing you can do is remove incentive to do that which is what high taxes do.
Taxes don't run the economy. Never have.
 
Sowell is proven liar. He lied about the source of the government shutdown and I don't give him a pass. It is quite fitting that this houseboy is named "Tom."

Trickle down economics is a fraud.

Tax cuts have never, ever, covered the cost of the tax cut itself. Never.

Mellon's tax cuts? The tax base was increased exponentially. Bush, Reagan and JFK all lost tax revenue. All of them.

To Republicans and right wing fanatics: There is no magic. Reduced tax rates do not pay out like a broken slot machine. Or in the words of Milton Friedman, "There is no free lunch."

Racialist much?
 
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