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I need a new CT, thinking.... [insert Jeopardy theme song here]
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Aug 21, 2021 0:07:21 GMT -8
Tumbleweed
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Post by Tumbleweed on Dec 16, 2017 16:30:03 GMT -8
Funny how there's a "shortage" on Social Security, but we never hear of a shortage in welfare funds Sure we have. Welfare funds are always on the chopping block.
But I absolutely don't believe that Social Security is an entitlement in the strictest definition of the term. And I have never resented those who were on it as I worked from the age of 13 and up through the decades.
I believe the program serves its intended purpose.
Many workers put into the program for decades and then die before ever receiving one thin dime back. That's surplus funds.
And the very audacity of this administration giving tax breaks to the wealthiest that will go on endlessly while giving a few crumbs to the middle class that will end in a few finite years, adding a trillion PLUS to the deficit, just to go after entitlements in 2018 because of the outrageous deficit they themselves have made, is a cruel, cruel joke on the vast majority of us. Luv, If we cut taxes for the middle class anymore, only the rich would be paying taxes. Everyone should, ideally, pay a little so they feel they are doing their part. (That's what I don't like about this plan.) As it is, the rich are paying the vast majority of the revenue the government takes in. Why is it you don't want to treat everyone the same here? You guys are all about equality but only when it fits in your agenda? Why hate on the rich so much? They are the people who own companies that give us jobs, and some, good paying jobs. Why do you want to punish those who become successful as if it is a shameful thing? The rich are the people who buy expensive things that hopefully, soon, will be all made in the USA, giving us jobs. They hire multiple gardeners, staff, cooks, etc. I'll never understood the hate the left have for the rich. If rich democrats want to be taxed more there is nothing stopping them from not taking deductions and not using those loop holes but of course they never do. That reminds me of Warren Buffett, (doesn't live that far from me) who says he would be glad to pay more taxes but he sure takes all the deductions he can. There is nothing stopping the man from paying more and he could even donate money to the IRS and I'm sure they'd take it. This plan is going to help everyone and not discriminate against any certain group and not just in less taxes. This will promote more jobs, more people will be off welfare and back in the work force and thus more tax revenue coming in and less to go out.
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daniel
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Post by daniel on Dec 16, 2017 16:53:19 GMT -8
I'll never understood the hate the left have for the rich. Speaking as a moderate with friends both liberal and conservative, it's not hate. Rather, it's simple acknowledgement that an ever increasing percentage of GDP keeps going to an ever decreasing percentage of persons. To simplify that- the top .5% have vacuumed up a vastly larger share of America's increase of productivity. Wages have stagnated. They've used their wealth to influence our laws so that they can keep increasing that share. It's great that people are rich. The trouble happens when the super rich use their wealth to siphon off from the rest. It's reverse welfare, to be honest. Here's an example out of the latest tax plan: www.ibtimes.com/political-capital/donald-trump-gop-leaders-could-be-enriched-last-minute-tax-break-inserted-finalthe tl;dr is that one of my state's senators, Sen Corker, was on the fence about the bill and now he's all for it now that it is a windfall for his business. It's stuff like this. It has a name- regulatory capture. It's people manipulating American laws and policies for their own gain, not for the benefit of all.
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Jan 26, 2013 13:30:48 GMT -8
♥ ℒʊ√ ♥
Clouds float into my life no longer to carry rain or usher storm but to add color to my sunset sky.
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luv
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Post by ♥ ℒʊ√ ♥ on Dec 16, 2017 17:09:24 GMT -8
I'll never understood the hate the left have for the rich. What? Hate? Who is talking about hate? This isn't about left, right, or independent, with me being the latter.
Under that guise, I could ask why does the right hate the poor and the middle class and prefer enriching only the wealthy?
But I'm talking facts. The supposed middle class tax "break" ends in a matter of years. The corporate "welfare" is endless. The middle class break is "small" even during the very short time it is in effect.
So all those who are middle class or below on this forum, will see those words come to fruition.
Trickle down has not, does not work. Decades of history proves that fact. There is no denying it. Others have tried it at a time when tax cuts were necessary to stimulate the economy because the economy was sluggish, and it still didn't work even then. So even moreso, it will never work in an economy that is booming.
All this plan does is reward, Trump, his fellow one percenters and the Republican party's donors. That's it in a nutshell, wrapped in a pretty Christmas bow.
Most corporations have acknowledged their increased profits will NOT be going towards new jobs or higher salaries. Their first and only fiduciary responsibility is to their shareholders. So they will all be getting higher dividends thanks to the cuts creating higher profits and only some of that profit may go to more jobs or increased wages. But they aren't promising that either.
The proof is already in the pudding. The economy is booming. The stock market is higher than ever and making lots of money for the wealthy. And unemployment is low. Yet, have wages increased as corporations' profits are at record-breaking levels? Nope, not a single iota. They are stagnant. So why in the world is more heaping of profits on these corporations going to change that mindset? The simple answer is, it won't.
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I need a new CT, thinking.... [insert Jeopardy theme song here]
110769
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Aug 21, 2021 0:07:21 GMT -8
Tumbleweed
20,825
September 2007
tumbleweed
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Post by Tumbleweed on Dec 16, 2017 22:37:18 GMT -8
I'll never understood the hate the left have for the rich. Speaking as a moderate with friends both liberal and conservative, it's not hate. Rather, it's simple acknowledgement that an ever increasing percentage of GDP keeps going to an ever decreasing percentage of persons. To simplify that- the top .5% have vacuumed up a vastly larger share of America's increase of productivity. Wages have stagnated. They've used their wealth to influence our laws so that they can keep increasing that share. It's great that people are rich. The trouble happens when the super rich use their wealth to siphon off from the rest. It's reverse welfare, to be honest. Here's an example out of the latest tax plan: www.ibtimes.com/political-capital/donald-trump-gop-leaders-could-be-enriched-last-minute-tax-break-inserted-finalthe tl;dr is that one of my state's senators, Sen Corker, was on the fence about the bill and now he's all for it now that it is a windfall for his business. It's stuff like this. It has a name- regulatory capture. It's people manipulating American laws and policies for their own gain, not for the benefit of all. Before I say anything, I'm wondering if this shouldn't just be moved into the political Trump thread since it seems to be about Trump now. Listen, there is a hierarchy in all of nature. Of the living creatures, humans are at the top of the command and we pretty much do whatever we want to other lower less intelligent creatures. Within groups of animals there are pecking orders. Why should humans be any different since it is kind what makes the world go around. Fixing the problem of the rich holding most of the wealth will not be solved by stealing money from them. The bottom 80 percent of Americans are expected to pay 15 percent of all federal tax revenues taken in. That means the top 20% are paying 85% of the revenue the government takes in. My gosh, what more do you want, the lower 80% to pay nothing? What we were doing the last few decades is not working because they continue to collect more wealth. Heck, Obama even said the made the rich, richer with interest rates so low. They'd borrow money and buy up stock and invest. It's not reverse welfare and I don't know how you can say that! They are paying their fair share and far, far, far more than their fair share. A fair share would be equal! Like 10% for everyone. Listen, I don't like Corker but please back up your statement. I'll never understood the hate the left have for the rich. What? Hate? Who is talking about hate? This isn't about left, right, or independent, with me being the latter. Under that guise, I could ask why does the right hate the poor and the middle class and prefer enriching only the wealthy? But I'm talking facts. The supposed middle class tax "break" ends in a matter of years. The corporate "welfare" is endless. The middle class break is "small" even during the very short time it is in effect. So all those who are middle class or below on this forum, will see those words come to fruition. Trickle down has not, does not work. Decades of history proves that fact. There is no denying it. Others have tried it at a time when tax cuts were necessary to stimulate the economy because the economy was sluggish, and it still didn't work even then. So even moreso, it will never work in an economy that is booming.
All this plan does is reward, Trump, his fellow one percenters and the Republican party's donors. That's it in a nutshell, wrapped in a pretty Christmas bow. Most corporations have acknowledged their increased profits will NOT be going towards new jobs or higher salaries. Their first and only fiduciary responsibility is to their shareholders. So they will all be getting higher dividends thanks to the cuts creating higher profits and only some of that profit may go to more jobs or increased wages. But they aren't promising that either.
The proof is already in the pudding. The economy is booming. The stock market is higher than ever and making lots of money for the wealthy. And unemployment is low. Yet, have wages increased as corporations' profits are at record-breaking levels? Nope, not a single iota. They are stagnant. So why in the world is more heaping of profits on these corporations going to change that mindset? The simple answer is, it won't.
I am thrilled that there are tax breaks for the middle income people and did you hear me saying they shouldn't get that tax break? Also read my response to Daniel. The poor really have nothing to do with this tax break since they don't pay taxes so not sure how you think that proves some point. What I am understanding is that equal treatment only applies to what the left think it should apply to. Luv, You have to know there are differing opinions about trickle down but this is a lot different from trickle down. Nearly everyone is getting a substantial tax break and money overseas won't be taxed twice, thus many companies will bring that money back here. Maybe these two articles will help. ( Forbes) ( CNN: Money) Reagan had a fantastic recovery from a recession. Some say it was only because of spending, others say it was only because of tax breaks and yet others say it was because of both. Obama had the worst recovery from a recession in history. Yes, the economy is great but we still have millions on welfare that could be working and millions totally out of the workforce when they could be working. If we want to get any of that money back from the rich, stop providing slave labor with illegals. Get jobs booming so companies are fighting for workers. When they are fighting for workers our wages go up, our perks go up, we start taking back some of that money from the rich without putting a gun to their head.
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