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Old 12-19-2017, 12:52 AM   #31
nathanjizzle
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Default Re: Dow rises 5,000 points in a year for the first time ever

thankyou obama. all trump did was take the stockmarket already on a surge and undue most regulations and give them tax cuts, this is what you get. it will hurt the people in the long run sadly.
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Old 12-19-2017, 01:45 AM   #32
JerebkoTaylor
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Default Re: Dow rises 5,000 points in a year for the first time ever

Quote:
Originally Posted by nathanjizzle
thankyou obama. all trump did was take the stockmarket already on a surge and undue most regulations and give them tax cuts, this is what you get. it will hurt the people in the long run sadly.

Explain and prove how it will hurt.
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Old 12-19-2017, 02:07 AM   #33
Patrick Chewing
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Default Re: Dow rises 5,000 points in a year for the first time ever

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Originally Posted by RoseCity07
Obama set this country on the right path.


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Old 12-19-2017, 03:24 AM   #34
NumberSix
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Default Re: Dow rises 5,000 points in a year for the first time ever

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Originally Posted by bladefd
We are talking about trickle down economics as it pertains to tax cuts. The idea is that folks believe cutting corporate taxes amounts to bigger paychecks for the workers of that company. We all know that's bs because the workers rarely get the bonuses or the raises. Executives at the top suck in the bonuses, and that's the end of trickle down economics.
I get the feeling that you don't understand what any of these things mean and you're just repeating things you've heard left-wing TV people say.

"Trickle-down" economics isn't a thing. Nobody has ever advocated "trickle down" economics. But, for the sake of argument, let's use this stupid phrase.

"Trickle down" economics (if that's what we're gonna call it) OF COURSE works. You get a job, a salary, benefits and a market full of products and services. That's what trickles down. OBVIOUSLY there are more employees than employers. Wealth "trickles down" from employers to employees.

Go take a look at places where there aren't many employers or investors. What do you think these places look like? You think these places are utopias full of super rich people enjoying all the wealth that the evil 1% aren't keeping for themselves?

Where you have business and investment, you have wealth creation and wealth that "trickles down" to the people in that community.

Go to a town where the factories left. You think these people are better off now that these big corporations left or do you think they were better off when the factories were there and "trickling down" jobs and taxes?
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Old 12-19-2017, 09:20 AM   #35
UK2K
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Default Re: Dow rises 5,000 points in a year for the first time ever

Say what you want about Trump...

But the market loves him.

Everyone should have done the exact OPPOSITE of what CNN told you to do, and started investing heavily in the market after Trump's election.

You would be seeing incredible gains now.

Quote:
ANNUALIZED RATE OF RETURN
18.38% 12/20/2016 - 12/19/2017

Just look at my 401k. Lololol
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Old 12-19-2017, 09:57 AM   #36
rufuspaul
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Default Re: Dow rises 5,000 points in a year for the first time ever

bladefd really hates rich people.
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Old 12-19-2017, 09:59 AM   #37
UK2K
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Default Re: Dow rises 5,000 points in a year for the first time ever

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Originally Posted by rufuspaul
bladefd really hates rich people.

Which is ironic because...

No other country on the planet will allow you to become a 'rich people' as easily as you can in THIS country.
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Old 12-19-2017, 10:27 AM   #38
rufuspaul
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Default Re: Dow rises 5,000 points in a year for the first time ever

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Originally Posted by Meticode
So far in my lifetime, I agree


Once again sarcasm is beyond Metichode.
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Old 12-19-2017, 05:34 PM   #39
KyrieTheFuture
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Default Re: Dow rises 5,000 points in a year for the first time ever

It's not a bubble now doe
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Old 12-19-2017, 06:47 PM   #40
Hawker
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Default Re: Dow rises 5,000 points in a year for the first time ever

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Originally Posted by rufuspaul
bladefd really hates rich people.

I don't understand the hatred for rich people. These people need to get out of their rebel teen angst years and get on with their lives.
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Old 12-19-2017, 06:53 PM   #41
bdreason
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Default Re: Dow rises 5,000 points in a year for the first time ever

The market is always hottest before the bubble bursts. I doubt we make it through 2018 without a major market crash (correction).
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Old 12-19-2017, 07:02 PM   #42
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Default Re: Dow rises 5,000 points in a year for the first time ever

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Originally Posted by NumberSix

Go to a town where the factories left. You think these people are better off now that these big corporations left or do you think they were better off when the factories were there and "trickling down" jobs and taxes?


Those factories left because multinational Corporations, pretending to be American companies, outsourced all their manufacturing to foreign countries in order to increase their profits, despite the fact that they already receive some of the most favorable taxes in the World. These multinational Corporations don't care about Americans, or American communities, they only care about profits. Unless they plan to bring jobs back to America, there is literally no reason to give them further tax breaks. That money will simply be absorbed as profits and paid to shareholders, or paid to CEO's. This isn't theory or speculation, we have 30 years of evidence of exactly how Corporate tax-cuts play out.
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Old 12-19-2017, 07:06 PM   #43
Hawker
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Default Re: Dow rises 5,000 points in a year for the first time ever

Quote:
Originally Posted by bdreason
Those factories left because multinational Corporations, pretending to be American companies, outsourced all their manufacturing to foreign countries in order to increase their profits, despite the fact that they already receive some of the most favorable taxes in the World. These multinational Corporations don't care about Americans, or American communities, they only care about profits. Unless they plan to bring jobs back to America, there is literally no reason to give them further tax breaks. That money will simply be absorbed as profits and paid to shareholders, or paid to CEO's. This isn't theory or speculation, we have 30 years of evidence of exactly how Corporate tax-cuts play out.

We don't have the most favorable taxes in the world. We have one of the highest of the OECD countries. The US government forced them out of the USA.

Check the stats here. 35% statutory tax rate but 38.91 when you include state and local taxes.

How are you that dense that you are unable to relate that these factories left a high tax environment to a low tax environment and you don't want to lower taxes to try to prevent more of that?

Last edited by Hawker : 12-19-2017 at 07:12 PM.
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Old 12-19-2017, 07:06 PM   #44
Smoke117
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Default Re: Dow rises 5,000 points in a year for the first time ever

Quote:
Originally Posted by JerebkoTaylor
Explain and prove how it will hurt.

He can't as he isn't able to think for himself. He just reads CNN and then comes on here and post what he reads. Every single post he makes is someone else's thoughts or ideas.
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Old 12-19-2017, 07:08 PM   #45
bladefd
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Default Re: Dow rises 5,000 points in a year for the first time ever

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Originally Posted by rufuspaul
bladefd really hates rich people.

And don't you love rich people so much that you would let them trample all over your ass and special interests control the whole government with cold hard cash?? Yes yes, as a matter of fact, you already do. You are a Trumpeter. The Donald has you thinking he will drain the swamp when the truth is the Donald IS epitome of the very swamp you are trying to drain. Almost his whole cabinet is the very swamp he says he will drain. He has you swindled, pal.
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