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Atheist Forums › Discussion › Politics v
AP says 90% of Workers get Tax Cut

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AP says 90% of Workers get Tax Cut
pocaracas Offline
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#21
RE: AP says 90% of Workers get Tax Cut
February 2, 2018 at 3:51 pm
Y'all come to Europe where we have tons of taxes... But public services kinda work.

Sure, some of our politicians have learned from the same place as the GOP, but the majority still needs to keep up appearances of socialism...
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Aegon Offline Donators
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#22
RE: AP says 90% of Workers get Tax Cut
February 2, 2018 at 6:05 pm
(February 2, 2018 at 2:37 pm)alpha male Wrote:
(February 2, 2018 at 2:35 pm)Aegon Wrote: Y'all really need to demand more from your government.

No, we'd be better off with less from our government. Which is another thing Trump is accomplishing through his hiring freeze.

Oh. Ok. Thanks for enlightening me
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Mister Agenda Offline Donators
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#23
RE: AP says 90% of Workers get Tax Cut
February 2, 2018 at 6:21 pm
Neo-Scholastic Wrote:What exactly do you think the people at the top do with that money? Horde it in a vault like Scrouge McDuck? They invest it in businesses and ventures that provide jobs and build the wealth of nations. Have you ever job from a poor man?

I used to think the same thing, but I've never seen it work in practice. What seems to actually happen is investment bubbles followed by crashes. It turns out demand more than suffices to motivate investment in businesses and ventures, without that demand they start looking around for sexy financial instruments.
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The Grand Nudger Offline
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#24
RE: AP says 90% of Workers get Tax Cut
February 2, 2018 at 6:24 pm (This post was last modified: February 2, 2018 at 6:26 pm by The Grand Nudger.)
Bets on bets on bets. 10b riding on 100k. Money from nothing, lol. Cut's out all that tedious production and labor bullshit and gets right to the heart of it.
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Angrboda Offline
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#25
RE: AP says 90% of Workers get Tax Cut
February 2, 2018 at 6:34 pm
Quote:According to the nonpartisan Tax Policy Center, 65 percent of the savings from the tax cut this year will go to taxpayers in the top 20 percent of the income ladder; 20 percent of the savings will go to the top 1 percent. By 2027, when many of the personal tax cuts are set to have expired, 83 percent of the savings will go to the top 1 percent of earners. (The bottom 60 percent will see a tax increase.)

https://www.npr.org/2018/01/30/580378279...-annotated
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The Grand Nudger Offline
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#26
RE: AP says 90% of Workers get Tax Cut
February 2, 2018 at 6:55 pm (This post was last modified: February 2, 2018 at 6:55 pm by The Grand Nudger.)
-and in the meantime, all government services will see a massive shortfall.  In fact, unless the debt ceiling is raised in the next few weeks...the fed is gonna run out of money come tax refund time. I hope they don't start issuing IOU's.
I am the Infantry. I am my country’s strength in war, her deterrent in peace. I am the heart of the fight… wherever, whenever. I carry America’s faith and honor against her enemies. I am the Queen of Battle. I am what my country expects me to be, the best trained Soldier in the world. In the race for victory, I am swift, determined, and courageous, armed with a fierce will to win. Never will I fail my country’s trust. Always I fight on…through the foe, to the objective, to triumph overall. If necessary, I will fight to my death. By my steadfast courage, I have won more than 200 years of freedom. I yield not to weakness, to hunger, to cowardice, to fatigue, to superior odds, For I am mentally tough, physically strong, and morally straight. I forsake not, my country, my mission, my comrades, my sacred duty. I am relentless. I am always there, now and forever. I AM THE INFANTRY! FOLLOW ME!
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Brian37 Online
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#27
RE: AP says 90% of Workers get Tax Cut
February 2, 2018 at 6:55 pm
(February 2, 2018 at 6:21 pm)Mister Agenda Wrote:
Neo-Scholastic Wrote:What exactly do you think the people at the top do with that money? Horde it in a vault like Scrouge McDuck? They invest it in businesses and ventures that provide jobs and build the wealth of nations. Have you ever job from a poor man?

I used to think the same thing, but I've never seen it work in practice. What seems to actually happen is investment bubbles followed by crashes. It turns out demand more than suffices to motivate investment in businesses and ventures, without that demand they start looking around for sexy financial instruments.
BINGO!
The rich get paranoid and set up tax shelters, exactly like preparing for Armageddon. The problem with global paranoia is that workers suffer
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Amarok Offline
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#28
RE: AP says 90% of Workers get Tax Cut
February 2, 2018 at 6:57 pm (This post was last modified: February 2, 2018 at 7:01 pm by Amarok.)
Quote:No, we'd be better off with less from our government. Which is another thing Trump is accomplishing through his hiring freeze.
Yeah just replace all that government with ruthless cutthroat Ayn Rand worshipping Free market fundamentalists who  view selfishness as a virtue .
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Brian37 Online
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#29
RE: AP says 90% of Workers get Tax Cut
February 2, 2018 at 7:03 pm
(February 2, 2018 at 6:57 pm)Tizheruk Wrote:
Quote:No, we'd be better off with less from our government. Which is another thing Trump is accomplishing through his hiring freeze.
Yeah just replace all that government with ruthless cutthroat Ayn Rand worshipping Free market fundamentalists who hold  view selfishness as a virtue .

I AM ALL for bitch slapping Ayn Rand economics. 

BUT, lets be clear, there is still a HUGE difference between a "free market" and a "free for all market".


Selfishness IS NOT good. Preservation is. But as the GOP and Libertarians sell it yes, "Greed is good" which is not the same as preservation much less based on supply and demand.
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John V Offline
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#30
RE: AP says 90% of Workers get Tax Cut
February 3, 2018 at 7:26 am
(February 2, 2018 at 3:50 pm)Wololo Wrote: Hey, fuckface, explain to me then what Apple's $285bn cash pile is doing? If the rich are so mad to invest their money, why does the company have such a huge pile of cash sloshing around between Bermuda and the IFSC?

They have huge piles of cash offshore because the corporate tax rate in America has been 35%. Now that the rate is being lowered to be in line with the rest of the world, money is coming back to the US.
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Atheist Forums › Discussion › Politics v
AP says 90% of Workers get Tax Cut

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