Trump Gives Tax Cuts to the 1%

So you know how the economy has been doing really well lately? You can prepare for it to get a lot worse. Trump just cut taxes on the 1% so they will get even richer. I don't think this is very fair for the common people considering the rich should pay most of the taxes. I am actually disgusted.

youtube.com/watch?v=EkkIqp9Je9M

Other urls found in this thread:

tampabay.com/news/business/economicdevelopment/study-obama-tax-hikes-on-rich-didnt-hurt-economy-or-rich/2301353
youtube.com/watch?v=8wAa9DqHZtM
bloomberg.com/news/articles/2017-06-15/trump-orders-government-to-stop-work-on-y2k-bug-17-years-later
youtube.com/watch?v=5EoetIL-MiM
youtube.com/watch?v=3l9B0gLUyz4
latimes.com/projects/la-fi-farms-immigration/
wsj.com/articles/SB10001424052970203633104576623771022129888
twitter.com/AnonBabble

The rich actually do more for GDP than the poor. When your income goes up, your spending goes up. What do rich people do with 1 million dollars? They play golf, buy boats, travel, eat fancy food, etc.

That one 9 iron golf club just paid for the hourly salary of 30 people.

Have you ever had a job OP? If so....was your employer a low income earner?

"It is striking to note that the best growth years for the bottom 99 percent since 1990 have taken place in the mid to late 1990s and since 2013, shortly after increases in top tax rates," Saez wrote.

tampabay.com/news/business/economicdevelopment/study-obama-tax-hikes-on-rich-didnt-hurt-economy-or-rich/2301353

You have to understand that (((pol))) is a GOP establishment shill board who serves the billionaires globalists. You'll never get anywhere with these "people"

Obamaleaf summoned in 4...3...2...

Despite what you billionaire globalist shillcucks think, billionaires don't need tax cuts

>GDP
First off having a high GDP is actually a bad thing since it increases wealth inequality

>What do rich people do with 1 million dollars? They play golf, buy boats, travel, eat fancy food, etc.
Sorry but society doesn't just exist to serve the rich. What your saying will lead to a society where most jobs are just serving the rich. Bascially we do work for them and they give us cash. That's like feudalism.

You don't even need that for spending though, give the money to people on welfare and they will spend it faster than the rich ever could.

WTF, I love tax increases to the rich now!

My employer was like 19 and i don't think he earned much, i did have a job.

>right-wing retards will respond with "BUT MUH CORELATION DOESNT EQUAL CAUSATION"

the economy does better when you RAISE taxes on the rich. Helps to explain why Republicans always crash the economy.

I am so ashamed I used to like Trump. I used to buy the argument of "oh he'll lower corporate tax but raise taxes on the shareholders" but i was so SILLY

Their entire cuck ideology is slashing taxes for the rich and blowing up the budget deficit. That's it. That's all there is to them. Their "healthcare bill" is a fucking tax cut for the rich bill.

>Obongoleaf replies to himself on multiple devices
Sad! Also filtered. Kill yourself nigger

The rich spending doesn't actually drive the economy now. How many people are actually employed in the luxury yacht business? The real backbone of spending is the middle class.

And this is coming from the same people who always bitch about the national debt. Debts raise like a fucking giraffe under Republicans.

Enjoy your ban

lol you don't hear him saying much about that carried interest loophole do you?

Not saying you, but I'll never understand conservashits who think that massive globalist corporations that make billions in profits need tax cuts.

>How many people are actually employed in the luxury yacht business?
And even if they were, the economy does not exist to serve the rich.

>everyone who disagrees with me is Obamaleaf

REEEEEEEEEEEEE

this

youtube.com/watch?v=8wAa9DqHZtM

One of the biggest successes of the democratic party has been their ability to convince people that they're poor due to other people being rich.

>don't forget to sage

quiet down OP, no one is listening.

How do you think capitalism works? No other economic system has produced more wealth and equality to all than capitalism. You are paid for whatever skills you have. And rich people often come from middle class areas.

And the problem with people on welfare is that sure they buy their peanut butter and tomato sauce, but that still doesn't have the buying power of someone buying a boat.

>give the money to people on welfare and they will spend it faster than the rich ever could.
And that's the problem. That's why tons of actors, and athletes go from rich to poor in a few years after their career is done.

Again the only thing that actually helps people out of poverty is Education. However, when you reward people for having shit education and no skills, people become accustomed to it and decide to go on "learned helplessness". Hence why farmers can't find enough help even paying people $15/hour. They can pay them $25/hour and people still won't pick food. They have a better life sitting at home collecting benefits than actually pulling themselves up.

I don't understand it either. I think it's mainly brainwashing since big corporations spend billions on thinktanks and propaganda news outlets like fox.

The biggest success of the Republican Party is to convince rural and suburban right wing retards that if billionaires just get another tax cut, it'll finally trickle down.

No, but other people being rich certainly contributes. Enjoy your ban

No one listens to you.

One of the biggest successes of the Republican party is convincing people that they're millionaires in waiting.

Take the example of the estate tax. They've convinced people that it's bad for them when it only applies if you're worth more than like 8 million dollars.

Same for tax cuts.

Yes exactly. Right wingers don't even question their corporate gods.

Mayor Bloomberg.

Yep right wing retards who want to repeal the estate tax are the biggest cucks of all

When will they learn

But i thought the top 1% don't pay any taxes

>Republican

>How do you think capitalism works? No other economic system has produced more wealth and equality to all than capitalism. You are paid for whatever skills you have. And rich people often come from middle class areas.
Most rich people don't have skills, they employ skillful people to do their bidding

>And the problem with people on welfare is that sure they buy their peanut butter and tomato sauce, but that still doesn't have the buying power of someone buying a boat.
If it costs 2 million to buy a boat, and you redistribute that 2 million over 10 thousand welfare recipients it will still be the exact same buying power since it's the same amount of money. It's like the 10 pounds of bricks or 10 pounds of feathers thing.

>And that's the problem. That's why tons of actors, and athletes go from rich to poor in a few years after their career is done.
I thought spending was good?

>Again the only thing that actually helps people out of poverty is Education. However, when you reward people for having shit education and no skills, people become accustomed to it and decide to go on "learned helplessness". Hence why farmers can't find enough help even paying people $15/hour. They can pay them $25/hour and people still won't pick food. They have a better life sitting at home collecting benefits than actually pulling themselves up.
you can't get just an education though. how do you get it?

Internal debt goes up under republicans, which is good because the government is putting money back in the economy.

>
Take the example of the estate tax. They've convinced people that it's bad for them when it only applies if you're worth more than like 8 million dollars.
It actually doesn't. It applies to all. Estate tax taxes on your death, which is like 25%. However, when your beneficiaries are getting your money, they're also taxed because it becomes income. And since the tax bracket maxes out at about $250,000, a majority of middle class people are suddenly paying 52% taxes on their income. That's a double taxation which isn't fair.

I want the welfare state abolished and has taxes but this type of shit is criminal. It's literally theft to just cut revenue without cutting spending. This is just kicking the van down the road and assigning that future debt to me and my kids. Fuck Trump and fuck everyone else in that swamp

Why do you against this? Don't you want brave civil servants like Hillary Clinton and Obama to keep more of their money? They are in the 1%, after all.

They will never learn. You know the song Born to be wild? They were born to be cucks.

remember when trump was going on and on about our 20 trillion dollar national debt during the election?
>cuts taxes
this gambit will take at least 10 years to possibly have any effect on the national debt if it proves to be successful but a more effective policy would be staunch protectionism
prepare for the debt and deficit to SOAR
our debt servicing will soon outstrip any money for real uses soon

I just paid the federal government $355k in taxes on my father's estate in 2012, why is it in my best interest to not keep that money?

That would cause debt to go down

Patriots like Clinton and Obama don't mind raising taxes on themselves to make a better country

They pay the most in taxes by far, any cut is necessarily going to be bigger for them.

Don't be stupid.

>this will cause keynesians head to explode

brazenly fake graph lol, US never had a surplus, let alone one that big

just google tax revenue by year lmao

Trump called himself the king of debt.

this

Flat tax

If they didn't before, they certainly won't now

No amount of tax hikes could pay off the national debt. The USA is already fucked.

The economy is doing well you little shit.

Yes they did Do you get all your news from right wing fake news sources?

It's better than forien debt witch basically doubled under ole Barry.

It's about keeping the budget deficit manageable you fucking retard

t.the Canadian that posts the same images in every thread.

>any cut is necessarily going to be bigger for them.
No not necessarily, only when you follow the GOP cuck book of memeconomics

>Don't be stupid
I don't vote Republican so don't worry

Obama reduced the foreign debt % of the national debt. It's Bush that put 2 wars in the Middle East on the Chinese credit card.

Wait then why did the debt go up every year Clinton was President?

facts hurt you don't they

But seriously, we can't let him get his hands on the nuclear codes.

Here are 12 ways that Bernie Sanders can still win:

Trump cucks will defend this because they don't actually care about Trump improving America, they just care about trump

Because the surplus was put into the SSTF which increased the intragovernmental transfers component of the debt.

Do you know what a budget surplus is? It's when revenues exceed expenditures. How do you people not know this?

>Most rich people don't have skills, they employ skillful people to do their bidding
So management and leadership isn't a skill?
>If it costs 2 million to buy a boat, and you redistribute that 2 million over 10 thousand welfare recipients it will still be the exact same buying power since it's the same amount of money. It's like the 10 pounds of bricks or 10 pounds of feathers thing.
That's true.
>I thought spending was good?
It is. but people still need to be able to only spend within their means. Or you'll create an artificial wealth period, which was seen in the Stock Market depression of 1929, and more recently the 2008 housing crisis. You can't keep giving people things to spend. People aren't robots that can just be nourished with bread (well they technically can...but that leads to the entire individualism vs collectivism thing)

>you can't get just an education though. how do you get it?
You get it through the passing of information. Information is obtained by doing things, reading things, experiencing things. Welfare recipients are "educated" in getting welfare, but they'll never get out of the definition of poverty because that's what they learned and passes it to their children.

You get to watch them march themselves to the graveyard and the come up with bullshit execuses as to why it didn't work out for them. There's no better form of entertainment which is why I keep coming to this shitfest board.

Really makes me think

you guys realize your just replying to each other right? I don't pay you to fuck around.

The problem is government waste and fraud. More money encourages this. And who's to say they're not cooking the books given how corrupt these mofos are.

Isn't a budget surplus used to pay down the debt?

Just cut Military and Entitlements. It's the only way. Since nobody wants to cut entitlements, the only other option is cutting military. Since military is something like 30% of the budget, they need it lowered to 2% like NAFTA members!

Money is meaningless these days. The value is in real estate. If they can fix that shit market, people can have actual wealth other than monopoly money.

I won't defend it, but I won't mindlessly attack it either. The solution to all problems is not "TAX THE RICH". That 1% already pays 50% of taxes.

>
>The rich actually do more for GDP than the poor. When your income goes up, your spending goes up. What do rich people do with 1 million dollars? They play golf, buy boats, travel, eat fancy food, etc.
>
>That one 9 iron golf club just paid for the hourly salary of 30 people.


Rich fucks Don't spend money you stupid cuck.

Have you seen Warren Buffet's house?

Does Romney spend all of the 20mil he made? I bet he only spends a few and saves The rest.

Every self made person I know are the biggest tight wads you've ever met.

>So management and leadership isn't a skill?
I will admit that but they get paid way more than others who have skills in other areas. Besides if i have great leadership and managment skills i can't just become rich.

>It is. but people still need to be able to only spend within their means. Or you'll create an artificial wealth period, which was seen in the Stock Market depression of 1929, and more recently the 2008 housing crisis. You can't keep giving people things to spend. People aren't robots that can just be nourished with bread (well they technically can...but that leads to the entire individualism vs collectivism thing)
Supply will eventually reach demand though. More workers will be hired to serve the needs of welfare recipients

>You get it through the passing of information. Information is obtained by doing things, reading things, experiencing things
I mean like a degree. That kind of education is meaningless in a market

Not with this congress.
>We got 10 million dollars extra!
>What do you want to do with it?
>Increase our pay, buy a cake? or pay down the debt?
>BUY A CAKE! BUY A CAKE! BUY A CAKE! BUY A CAKE! BUY A CAKE! BUY A CAKE!

And Trump wants to stop that cake buying. Is he successful? Right now? No. But I do earnestly think he's trying.
>He stops paying for the Y2K team
It's a start

bloomberg.com/news/articles/2017-06-15/trump-orders-government-to-stop-work-on-y2k-bug-17-years-later

lol

I always ask GOP shills when was the last time a Republican balanced the budget. Hell when was the last time a Republican just REDUCED the budget deficit over their full term. They can never answer. Every single Democrat since WWII has REDUCED the budget deficit they inherited.

Republicans always like to say this but when they cut taxes all they do is gut revenues and explode the budget deficit.

My ideal system is where the rich have high taxes, spending is low and the debt is slowly paid down as GDP increases. Trump seems to want higher spending (military) and lower taxes.

lol your 2 data points have me convinced

Luxury goods generally aren't labour intensive as mid-range goods dollar for dollar.

For example, $500,000 Rolls Royce will require only about 3 times the labor to manufacture than $20,000 Toyota Corolla despite being 25 times more expensive.

Shift of economy towards luxury goods tend to depress employment and general health of middle class household finances.

Eisenhower lowered the deficit and his policies are the closest to Obamas or Sanders than any President ever LOL

better cut taxes for billionaires goy surely that is the way to go lol

lots of brainlets itt....
THE ACTUAL (((ELITES))) DON'T PAY TAXES ANYWAYS. THE "1%" THAT'S GETTING A BREAK ARE OUR BEST & BRIGHTEST GOYS (DOCTORS, ENGINEERS, ETC) STOP PULLING THEM DOWN FOR YOUR OWN BENEFIT.

youtube.com/watch?v=5EoetIL-MiM

sure

Where is the extra money going?

That is correct. Eisenhower is the last one. 60 fucking years ago. And yeah this isn't Eisenhower's Republican party

>Be CEO
>Pay workers 7.70 hour
>Pay yourself 3,000,000 per year because your work is 389610.38961 times harder

>could
>""""according"""" to """"one (((estimate)))""""
>(((schroeder)))
>not understanding what lower corporate tax rates produce
heh

You're really dumb. Doctors, engineers, lawyers, are all middle class and are the ones getting screwed by trumps tax plan.

Yep

Lol you're bragging about deficit financed tax cuts for the rich? What is it with Nazis being billionaire globalist supercucks?

Salaries themselves are socialist wealth redistribution. Families got by on company scrip just fine for decades.

it's real. look it up from any source you choose

>Where is the extra money going?

here This is what all right wingers fight for

also:

youtube.com/watch?v=3l9B0gLUyz4

>Besides if i have great leadership and managment skills i can't just become rich.
You actually can. Since you'll have a skillset that's highly sought after. Having a proven leader that can make a company run as smoothly as possible is a highly sought after skillset. Sure you wont' instantly become rich over night, but over time, your skills improve and you move up the chain of money.
>More workers will be hired to serve the needs of welfare recipients
That's not true. Because people aren't willing to work. Farm workers aren't able to fill positions. And the reason they'r enot working? They get more from welfare and entitlements that earn more than working. Labor from Mexico don't have that much welfare, so it's worth it to them to work. And the much better mindset of Mexicans than American workers.

There's only so much time and money before the spending to keep welfare recipients alive will eventually backfire. Either companies are just going to keep producing more technology to displace even more people, or we move to a state controlled economy.

latimes.com/projects/la-fi-farms-immigration/

Corporations already $6 TRILLION in profits per year. Only GOP establishment and billionaire globalist corporate shills think they don't make enough money.

You can't force people to bring their money into your country.

So the only way you can tax that money is if you make it more economically sensible to bring the money into your country so it can be taxed. Which is something Trump talked about on a regular basis throughout his campaign.

Shareholders, the people who put up the capital to build the car company and its factories

Your billionaire globalist overlords dodged taxes so you wan't to punish them by giving them a sweetheart 4% tax rate? Do you right wingers ever realize how cucked you are?

You should actually research what happened when Bush did a repatriation tax holiday.

Fuck even the WSJ called it a failed policy.

wsj.com/articles/SB10001424052970203633104576623771022129888

Billionaires brought the money home, paid themselves dividends and laid off workers. You're a cuck.