Friendly reminder that trickle down economics only benefit the corporate elites

Friendly reminder that trickle down economics only benefit the corporate elites

Other urls found in this thread:

thestar.com/opinion/editorialopinion/2011/08/12/apocalyptic_crisis_budgeting.html
jacobinmag.com/2016/04/chait-neoliberal-new-inquiry-democrats-socialism/
twitter.com/SFWRedditVideos

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open borders and free trade also only benefit the corporate elites so what's your point

BUT BUT MUH JOB CREATORS

Well no shit retard. How is someone supposed to save more than they make?

Good thing there are no open borders in the USA

> MUH free trade

It actually benefits the economy ,retard

Good thing I'm at the top 1% then.

>make more money
>benefit more from blanket tax cuts
No way really I had no idea how percentages worked thanks for getting those neurons fired up for me famalam

Yeah, but Hillary was careless with classified information. That is much more important than debating some silly economic models. Ask yourself if you would really Trust Hillary to keep her mouth shut about vital national secrets more than Trump? Get your priorities on the issues straight man.

Obama gave trillions of dollars to wall street for free.

Any tax cuts are actually good for the real economy. Although the biggest tax cuts should come from social security/payroll tax.

The fact Trump is willing to cut taxes and increase spending in order to act counter cyclically during economic stagnation shows that he isn't a globalist shill, unlike Obama.

Yea because Drumpf surely wouldn't tweet confidential information . Retard

>Good thing there are no open borders in the USA


kek the country is being flooded with low wage labor effectively destroying the middle class


>free trade benefits the economy

just kill yourself pls. Outsourcing just lowers wages and living standards in the US


Someday all globalist scum like you will hang

Also,
>Muh rich don't pay their fair share!!

Hahahahahahah aha no you're not.

Idk about Brazil, but here the 1% line is only like 350k, not impossible

Just so everyone is aware tax cuts are an objectively good policy during economic stagnation because they relieve consumer debt burden.

Anyone who is against tax cuts is fine with the working class languishing in debt created by wall street bubbles.

Trump dosent pay his fair share

Be extra careful where your tax money goes.

Sincerely, a country that fucked up big time.

Yes he does. Otherwise he would have been arrested. Don't be dumb

Do you know who owns most of the private debt? Is it people in the 1%?

STOP THE FUCKING PRESSES

YOU BE SAYIN
HOL' UP
YOU BE SAYIN

THAT IF YOU
>smacks lips
MAKE MORE MONEY

HOL UP

YOU FINNA HAVE MORE SAVINGS FROM A 1% TAX CUT?

IT'S ALMOST LIKE

NOW HEAR ME OUT

ALMOST LIKE 1% OF $100 IS ONLY $1, BUT 1% OF MILLION IS $10,000

YOU COULD BECOME A KANG WITH THAT MUCH CASH

inb4 the US has no consumer debt problem

That only applies if you're retarded and think the government needs a big pile of cash to fund anything.

it doesn't. The government can essentially "create" money whenever it wants to, it doesn't need a giant pile of cash. In fact if you do send in cash the IRS just shreds it. 99% of money is just 1s and 0s on a computer screen. The real economy is the productive capacity of a nation, something Trump has contributed to by building various businesses, hotels, casinos, etc.

well yes. The banking system creates debt (money) out of nothing and then lends it to plebs.

Thhe problem is we are bringing in millions of people who will never pay back their debt and are getting looser and easier financing, creating gigantic debt and therefore prices bubbles meaning everything in the economy besides consumer goods is skyrocketing in value.

That means education, healthcare, housing, etc is all becoming impossible to afford.

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OKay correct the record. How does this imply that we should vote for Hillary, the corporate candidate. You would have a dousin looop holes creating an effective trickle down economy

sage in options field to prevent bump

> Have some crumbs beggars
LOL You conservative retards are never going to win an election again. Tax the holy fuck out of the rich. They dont give a fuck about me so why should I vote for an asshole giving them cash?

>gibs me dat
Literal nigger

Sup Bootlickers

So what your saying is that the debt is owned mostly by normal people, not the people who have all the money. Please explain to me then how tax cuts for the wealthy will reduce the private tax burden. It seems to me that what would be more likely to reduce the public tax burden would be more jobs and better paying jobs which can be accomplished by government spending. Every dollar spent by the government is a dollar earned by an American citizen. People forget this all the time. They act like when the government spends money it just lights it on fire and it disappears. Government spending leads to more people having jobs and having more money to spend/pay down their debt which is good for the economy.

>not demanding the gov take things from other people and give them to me makes me a boot licker
W E W
E
W

> let the wealthy collect free tax cut Gibs surely benefits society

WEW
E
W

>Government spending leads to more people having jobs and having more money to spend/pay down their debt which is good for the economy.
Are you from an alternate reality where most people are employed by the government?

>tax cuts for the rich
The bottom half already doesnt pay anything, you couldn't cut anything from them if you tried

>vote for the candidate whose tax plan literally creates a trickle down economy because of this scary innuendo I have against this other candidate

>let the wealthy collect free tax cut Gibs surely benefits society
You're too retarded to even form a sentence

Tax cuts for the wealthy is basically free Gibs.puts society and rest of government in liability by giving out free tax cuts to those who don't really need it

tfw you realize sanders was right all along

I'm from the reality where spending generates economic growth and where the government spends a shit ton of money. Some of it they just give to people in benefits which they then go out and spend at businesses which hire people to work there because they have customers. The government is in a position to essentially redistribute the wealth from the wealthy who pay the majority of the taxes. They spend this money and it goes into the pockets of ordinary Americans. Tell me how that's bad for the economy. Do you really think that rich people buy enough shit to keep our consumer-based economy going? They only need so many pairs of pants.

>BUT MUH TAX CUTS!
>BUT MUH TAX FREEDOM!
>BUT MUH ROADS!

>describing tax reductions in terms of dollars instead of percentage points

Friendly reminder that Trickle Down doesn't exist and is a straw man term created to attack supply-side economics by Reagan's enemies.

>need
Dropped. Half wit commies think in terms of "need".
And the gov not stealing from you is not "gibs", that's what welfare shit bags get

>Do you really think that rich people buy enough shit to keep our consumer-based economy going?
Except the rich you're talking about ends up being the middle class. Everyone above the 50% line.

>redistribute wealth
You say that like it's a good thing

If the rich already exploit the system then their wealth should be redistributed, bootlicking scum

>If the rich already exploit the system then their wealth should be redistributed, bootlicking scum
>the only way to get rich is by exploiting the system and that's why I'm not rich
Lmao you're pathetic

nice misleading graph you have there faggot

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What a dishonest graph. Make the y axis logarithmic like the tail of the x axis and see what happens.

I will refer you to the image in this post

As you can clearly see, you're talking out of your ass because Trump's tax plan does not benefit the top 50%.

Secondly, please don't presume to tell me what I'm talking about. I'm not talking about the middle class. You're shifting goal posts desperately here. We all know the real issue is about the top 1% or even the top .1%. They have massive sums of wealth that they could never spend if they wanted to.

And lastly, redistrubution of wealth is a good thing. Consumer spending is massively supressed because they consumers don't have enough money. The wealthy continue to make investments and then reap the benefits of those investments all for themselves. Currently technology has managed to keep making things cheaper so the economy has been limping along, but it's not sustainable. For everyone to be making more money, everyone needs to be spending more money. They can't do that when the wealthy have all the god damn money.

off that no .1% supports Trump...

>chart scales logarithmic
>savings scale logarithmic

i see nothing wrong

Im not really informed enough on the subject, but doesn't it make sense that people who earn millions or billions save more on a tax cut for everybody then people who earn like 30k a year? I mean, that's just basic math

I see the disinfo shills have grasped onto "muh logarithmic scales" to try and confuse people into believing the graph is misleading propaganda. What a world we live in.

>Please explain to me then how tax cuts for the wealthy will reduce the private tax burden.

Because taxes are lower

lower taxes=lower tax burden

You are still operating under the "government needs a giant pile of money to finance itself" myth

The fair share is precisely 0

It's sad that most the people in the USA clearly vote against their economic interests because they think the GOP has their interests

>I will refer you to the image in this post
You realize this image is garbage right? All it shows is that people who make more will save more in taxes. Which is obvious.

What do you think the 1% is? And if they have lots of money, so what?

>redistribution is good
I personally know some folks that started off in the bottom 50%, living on a teacher salary. But they started their own franchise (essentially) and several years later, after ass loads of work, they are millionaires. And you want to literally steal that from them because it's not fair. Jesus fucking Christ. People like you need to be gassed.

Check out my economics argument while I send your job overseas for peanuts, import sex slaves and paint blood on my walls for dinner.

Cause that's what I am about, policy.

Billionaires don't make money counted as "income" anyway they make money from capital gains.


Most the people benefiting from income tax cuts are upper class skilled professionals like doctors. Which is a good thing in the US where doctors are constantly fucked over by the health insurance companies.

How are you going to save more if you don't earn more? Come on bong

> because if you lower taxes enough for someone who earns a base salary of 30,000$, he's going to earn 100,000$

You're telling me that my uncle who makes $40k a year isn't going to save as much money as a millionaire?

WTF I HATE TRUMP NOW

Which is why in Obama's America, the rich have gotten richer while the rest of us have stagnated or gotten poorer.

> GOP congress didn't make the rich richer

My ass they do.
>be wealthy business owner
>oh neat I have 35% more money
>I'll put some of that into my business and turn it into more money for me!
>as a result poorfags get jobs, better products and services
>as a result of that jobs are more compettiive with better benefits to draw in better employees over competition
OR
>be poorfag (me) making 14 dollars an hour
>minimum wage is now 15 dollars an hour
>business owners forced to pay retards 15 dollars, they're not going to bump my pay any time soon
>prices spike, quality of goods and services goes down, massive lay offs
>no job openings means no competition for better employees and no benefits or pay
>everyone makes minimum wage and everything costs more while quality suffers

>solely congress dictates who gets richer

>Middle class won't save as much in total tax cuts because they don't make as much as the Top 1%

Well fucking gee I never fucking knew. Thanks user.

Your hate for Obama should be directed at a corrupted GOP congress

whoever made that graph is either a moron or a disgustingly pathetic deceiver.

The first tick starts at 200k.
Most people don't even have that much, so it looks like the poor people dont have their situation improved.

If you took a "amount of tax reduced / total income" youd find the poor people are relatively going to be saving more.

that, and the numbers themselves are probably a lie.

as if some libtard journalist at vox has any idea how decent statistics work and isnt the intellectual equivalent of a 7th grader poking around in excel

I hate them as well.

Can I get that chart as a % of income instead of that retarded static figure?

That doesn't fit the narrative, so no

>All it shows is that people who make more will save more in taxes. Which is obvious.

okay, so you admit that the ones who will benefit are the super wealthy alright then. Good, we're finally on the same page. If you'd like to present some evidence for why you think that's a good thing please go right ahead, I'm waiting.

>I personally know some folks that started off in the bottom 50%, living on a teacher salary. But they started their own franchise (essentially) and several years later, after ass loads of work, they are millionaires. And you want to literally steal that from them because it's not fair. Jesus fucking Christ. People like you need to be gassed.

It would actually make it easier for them to do that if they had more money rather than the people who already have all the money. If someone becomes super wealthy then they should have to pay more taxes, but they will still be super wealthy. You don't rob them of that. You have nothing but your shitty death threats.

Simple reminder that taxation is theft so its only unfair if the rich get tax breaks and the poor continue being forced to pay them

this

>We'll gib poor people more money while taking away all sources of income and prosperity as well as any incentive to excel.
What's the worst that could happen?

>that the ones who will benefit are the super wealthy

No, EVERONE will benefit. Proportionally, the poor will benefit MORE.

Why do you hate successful people?

but user look at that sliver

Dont argue with socialists, or gibemedats, they cant comprehend that some people work hard for $150k a year. In their world of $9hr at taco bell all are lazy and edgy, and they all should get more for that.

You can only put so much money into a business. What determines that amount is the demand for whatever it is you are selling. Please think about this for a second. Is a wealthy business owner going to hire more people at his store when there is no more demand for his product? Will he hire more people to make his product when no one has enough money to buy his product?

republican same ol same ol

thestar.com/opinion/editorialopinion/2011/08/12/apocalyptic_crisis_budgeting.html

though i wonder what happened to donald's 0% tax for a certain bracket.

That's why they pump more money into advertising or r and d to create new products.
Unless you're talking about people who sell something no one would ever want, in which case those businesses die naturally.

The other replies are right. Everyone benefits, the graph is misleading on purpose.

>it would be easier if they had more money
Well no shit. But the answer isn't to have the government play robin hood and steal from other rich people who worked for it. It's supposed to be hard. It your life is going to be better than everyone else's, why shouldn't it be that wag

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Well, obviously people making $30k aren't going to be saving $1m+.

Little bit taken out of context. The Texas public education system is so fucked. It's gotten to the point where teachers are told to solely teach what is on the standardized tests. If "critical thinking" isn't explicitly listed as a test subject, it won't get taught

>Trump plan for lowest bracket is no tax
>$250 savings

It must be a really hard life to be that legitimately stupid.

This doesn't make any sense.

That's the idea.

Keep them in America with beneficial tax breaks so Oreo isn't employing Mexicans.

The graph is not misleading because it shows the actual amounts of money and who is receiving that money. The wealthy are getting the most money. How is this misleading? How would you make it less misleading?


Anyway I would write more but football is on.

neoliberalism began with Jimmy Carter

jacobinmag.com/2016/04/chait-neoliberal-new-inquiry-democrats-socialism/

that's something the reddit cucks will never mention

If that's true then why is majority of Wallstreet shilling for hill?

yeah, what they really meant is they don't want schools to teach ppl to question authority

and welfare economics helps the bottom percentages right? :^)

Trickle down benefits the economy retard

goes back a lot further then that.

>receiving that money.
No its savings from tax cuts. If you make 30 k, you aren't going to save 100k by getting your taxes cut. Percentage points would make more sense.

What a fucking retarded graph! hahaha

This graph is the same as showing a graph with a bar that says "99.9%" and it fills the entire thing to the top, and the rest of the ".1%" is spread across the other bars as a percentage.

Completely retarded and makes no sense.

>make a lot of money
>get more tax relief

Who knew. Except now more people can make more money if they choose to actually make a business.

No it doesn't, universal tax cuts do.