|
posted to rec.boats
|
|
external usenet poster
|
|
First recorded activity by BoatBanter: Aug 2017
Posts: 4,961
|
|
Got a chuckle ...
On 10/22/2017 8:33 AM, Keyser Soze wrote:
On 10/22/17 8:17 AM, Mr. Luddite wrote:
On 10/22/2017 7:40 AM, Keyser Soze wrote:
On 10/21/17 10:33 PM, wrote:
On Sat, 21 Oct 2017 21:53:20 -0400, Keyser Soze
wrote:
On 10/21/17 4:31 PM, wrote:
On Sat, 21 Oct 2017 15:32:20 -0400, Keyser Söze
wrote:
Ahh. Trickle-down. What the rich claim will improve life for the
lower
income groups but of course it is bull****.
===
Question for you:Â* Would you prefer the creation of more and better
jobs via an improved/expanded economy, or would you prefer an
increase
in government hand outs?
Answer for you: Trickle-down economics, which is what is under
discussion, is a myth. It's not a job creator, per se, it's just
another
way for the haves to increase the distance between themselves and the
have-nots. As Wikipedia notes, "Multiple studies have found a
correlation between trickle-down economics and reduced growth, and
that
higher taxes on the wealthy are linked to economic growth." It is just
another way for the wealthy to **** on the poor.
The simplest example that this is bull**** would be the luxury tax.
It was supposed to soak the rich and give the money to the masses. The
reality was that the rich simply stopped buying those luxuries and the
people who built them were laid off. The tax was short lived.
Bush 41 started it, Bill Clinton got rid of it 2 years later.
That temporary luxury tax was not something that would fit into a
discussion of trickle-down economics. It was something entirely
different. The question is, would Trump's proposed massive cuts in
tax rates and reductions in deductibles create massive employment
growth, as he claims. Voodoo economics, as it is also called, does
not work that way.
Funny.Â* Yesterday you were complaining that Trump's tax plan was void
of details.Â* Today you are spelling them all out.
There are no details...just topic sentences, just as with his health
care nonsense.
It's not up to Trump (or any POTUS for that matter) to define every
detail of proposed legislation. That job resides in Congress following
debate of the pros and cons. The POTUS establishes the general goal.
|