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Old 12-26-2017, 06:19 AM   #61
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Default Re: Trump's Tax Bill

Quote:
Originally Posted by Akrazotile
Actually this only applies to mortgage loans taken out after December 14 of this year. So people already paying mortgage on a home in that range will still be capped at 1M.
Really? Source?

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Originally Posted by egokiller
Democrats tried to vote against me paying less taxes and they failed.

The tears taste delicious.
Welfare/food stamps are taxed?

Last edited by aj1987 : 12-26-2017 at 06:34 AM.
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Old 01-02-2018, 06:00 PM   #62
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Default Re: Trump's Tax Bill

JUST IN: Southwest Airlines to give all full-time and part-time employees a $1,000 cash bonus on Monday & company will also make $5M in charitable donations and invest in its Boeing fleet due to tax reform passage - CNBC
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Old 01-02-2018, 07:13 PM   #63
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Default Re: Trump's Tax Bill

JUST IN: American Airlines announces it will distribute $1,000 to each employee (excluding company officers) at its mainline and wholly owned regional carriers due to tax reform - CNBC
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Old 01-02-2018, 08:03 PM   #64
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Default Re: Trump's Tax Bill

Only ones that should ultimately matter are the actual raises rather than the 1 time bonuses.
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Old 01-02-2018, 10:07 PM   #65
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Default Re: Trump's Tax Bill

tax bill seems all fine and dandy until you realize each trade for trade with a crypto coin is a taxable event, gains or losses

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Old 01-04-2018, 11:01 AM   #66
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Default Re: Trump's Tax Bill

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Originally Posted by bladefd
Only ones that should ultimately matter are the actual raises rather than the 1 time bonuses.

Moving the goalposts. You asserted that nothing would be passed down to employees and would all go to CEOs and shareholders. You were wrong.

Also, raises that individuals obtain via company change should be taken into account as well.

Every single job ever created is a result of so called trickle down economics and this job that is created is the majority of the time going to be a higher paying job than from wherever the indididual taking the job came from.

Back when I was unemployed making $0.00/year I obtained a job making $2k/month that was from a singaporean company throwing capital in Australia to try and grow the company. So, I got a raise from a company "trickling down" the earnings they have made by creating a new project in another country.

I then left that company for another one where I obtained a more substantial raise and that job was created via throwing capital in the same country.

The money to pay someone and that persons 401k, healthcare etc. has to come from somewhere and in large companies, that money has to be approved all the way up the chain...ie there's growth in this department in this area, we need to hire people and therefore I approve money being moved (aka capital) to this area to hire people. And guess what? Those individuals are likely to be paid more money than whatever previous job they had as they had incentive to leave their previous job.
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Old 01-04-2018, 11:27 AM   #67
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Default Re: Trump's Tax Bill

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Originally Posted by Hawker
Every single job ever created is a result of so called trickle down economics and this job that is created is the majority of the time going to be a higher paying job than from wherever the indididual taking the job came from.



jobs are created by consumers, not suppliers.

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Back when I was unemployed making $0.00/year I obtained a job making $2k/month that was from a singaporean company throwing capital in Australia to try and grow the company. So, I got a raise from a company "trickling down" the earnings they have made by creating a new project in another country.

thats not what "trickle down economics" means you jabroni
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Old 01-04-2018, 11:55 AM   #68
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Default Re: Trump's Tax Bill

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Originally Posted by Nanners


jobs are created by consumers, not suppliers.



thats not what "trickle down economics" means you jabroni

There's has to be something to be demanded in the first place. There has to be capital to invest in a project/item for there to be a demand. How can you demand something that hasn't existed yet? The iPhone was a brand new product. The capital had to come from somewhere for Apple to focus on this project and which then became successful. Sometimes the risk doesn't work out and sometimes it does. The jobs follow the successes.

And sure, that's not your definition of "trickle down economics" but you're obviously choosing to omit the gains made by individuals changing jobs where there is demand for those jobs (from freeing up of capital). You're focusing it only to individuals within a single company to fit your definition but that's not how the economy works. You work, gain skills, become more valuable.
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Old 01-04-2018, 12:48 PM   #69
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Default Re: Trump's Tax Bill

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Originally Posted by Hawker
There's has to be something to be demanded in the first place. There has to be capital to invest in a project/item for there to be a demand. How can you demand something that hasn't existed yet? The iPhone was a brand new product. The capital had to come from somewhere for Apple to focus on this project and which then became successful. Sometimes the risk doesn't work out and sometimes it does. The jobs follow the successes.

In economics, demand typically refers to the willingness of consumers to buy an item, price or service at a given price. In order for something to be "demanded" as you put it, there has to be consumers who want to buy it.

A consumers willingness to buy an item or service is not determined simply by capital creating an item or service, if it was then shit like Zune would have succeeded. In order for demand to exist, consumers must be interested in an item and able to afford it.

Anyway there are tons of examples of goods or services that are highly demanded and can be produced with little or zero capital investment - like art, literature, music, childcare/babysitting, teaching...

Quote:
And sure, that's not your definition of "trickle down economics" but you're obviously choosing to omit the gains made by individuals changing jobs where there is demand for those jobs (from freeing up of capital). You're focusing it only to individuals within a single company to fit your definition but that's not how the economy works. You work, gain skills, become more valuable.

No that is not "my" definition of trickle down, its THE definition. Whatever you are talking about is not trickle down.

Trickle-down economics, also referred to as trickle-down theory, is an economic theory that advocates reducing taxes on businesses and the wealthy in society as a means to stimulate business investment in the short term and benefit society at large in the long term. - https://en.wikipedia.org/wiki/Trickle-down_economics

As usual, you flat out have no clue what you are talking about

Last edited by Nanners : 01-04-2018 at 12:51 PM.
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Old 01-04-2018, 01:02 PM   #70
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Trickle down economics..or "voodoo economics" as its usually called, projects that a decrease in taxes on rich, will help shrink a concerning wealth gap by the basis that the middle class will reap more reward than the upper. This has been proven completely, almost hilariously untrue. Arguin by semantics that technically owners will hire more doesn't mean anything because they profit way more than they raise wages over thelong run.
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Old 01-07-2018, 07:33 PM   #71
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Default Re: Trump's Tax Bill

Full comprehensive list of companies that are giving bonuses, wage increases and reinvestments after the tax bill.

And like I said previously, there's tons of corporations outside the Exxons, Apples, GEs that you morons like to focus on for some reason that exist in the USA and they are all giving bonuses, wage increases, additional training that will allow employees to skill up and capital investment for projects that will create jobs directly and indirectly. You can add in 401k investment contribution increases as well.
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Old 01-07-2018, 07:37 PM   #72
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Default Re: Trump's Tax Bill

Quote:
Originally Posted by tpols
Trickle down economics..or "voodoo economics" as its usually called, projects that a decrease in taxes on rich, will help shrink a concerning wealth gap by the basis that the middle class will reap more reward than the upper. This has been proven completely, almost hilariously untrue. Arguin by semantics that technically owners will hire more doesn't mean anything because they profit way more than they raise wages over thelong run.

Dumbest thing I've ever read honestly. Let's continue to keep wages down via high tax rate just to stick it to corporations bottom lines. Great idea you socialist.

You'd rather the wage gap be smaller than allow individuals to earn more.
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Old 01-07-2018, 08:38 PM   #73
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Default Re: Trump's Tax Bill

Quote:
Originally Posted by tpols
Trickle down economics..or "voodoo economics" as its usually called, projects that a decrease in taxes on rich, will help shrink a concerning wealth gap by the basis that the middle class will reap more reward than the upper. This has been proven completely, almost hilariously untrue. Arguin by semantics that technically owners will hire more doesn't mean anything because they profit way more than they raise wages over thelong run.


What you seem to perpetually fail to understand is that relying on the government will always fail.

The government can artificially redistribute money - which never actually works, because people with money get their hooks in the government and exploit it anyway. Why has the wealth gap increased under Democratic presidents and Democratic Congresses? But but but theyre passing legislation for the little guy....! Plus, as I explained it's horrendously inefficient because you're artificially moving money to places where something hasn't been produced commensurately. It's not sustainable.

Or people can demand that government stay out of it, while THEY dictate the corporate agenda by being responsible, informed, disciplined consumers. Companies CAN NOT FORCE Americans to buy anything form them. If you dont like how much executives make, then don't drive a car. Take the bus. Blacks boycotted the bus system to great effect years ago, you can do the same to gas companies. YOu don't like how much credit card execs make? Don't use a VISA. You don't like how much Nike execs make? Don't buy them.

Look how lazy and entitled you want people to be. They have tons of power at their fingertips, and instead of rubbing a couple brain cells together to figure out how to use it, you want everyone to sit on the couch in their bathrobe, caling out "GOVERNMENT! THE MEATLOAF!!!! GET ME THE MEATLOAF!!!!"


You're literally advocating for the government to subsidize people so they can be lazy and stupid and not have to pay any attention or make any kind of sacrifice.

Last edited by Akrazotile : 01-07-2018 at 08:46 PM.
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Old 01-08-2018, 02:20 AM   #74
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Default Re: Trump's Tax Bill

Quote:
Originally Posted by tpols
Trickle down economics..or "voodoo economics" as its usually called, projects that a decrease in taxes on rich, will help shrink a concerning wealth gap by the basis that the middle class will reap more reward than the upper. This has been proven completely, almost hilariously untrue. Arguin by semantics that technically owners will hire more doesn't mean anything because they profit way more than they raise wages over thelong run.
that hasn’t been “proven untrue” because nobody ever thought that in the first place. Nobody that understands economics would even make that claim because nobody that understands economics cares about a “wealth gap” and wouldn’t waste their time trying “fix” it because it’s not a problem.
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Old 01-08-2018, 09:13 AM   #75
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Default Re: Trump's Tax Bill

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Originally Posted by NumberSix
that hasn’t been “proven untrue” because nobody ever thought that in the first place. Nobody that understands economics would even make that claim because nobody that understands economics cares about a “wealth gap”


Of course they would. Proponents of this bill are championing it as a middle class benefit. Thats all weve heard about it...how great its going to be for middle class families. Not once have we heard claims that it will make rich richer because thats bad publicity...even though thats who the main benefactors are in the long run by a landslide margin.
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