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Cohn on tax plan: "Trickle down" is a good thing

Moderate Right said:
We've already been down the "trickle-up' economic path and it doesn't work.
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but it did
in the aftermath of the great recession
GM bailout preserved thousands of good paying jobs
shovel ready contracts funded construction work which would have otherwise gone fallow for the employees who perform it
federal funds to the states kept teachers and first responders on the job
we live in a demand economy
when the masses are without work, they no longer have the financial means to exercise demand
those 'trickle up' programs, as you refer to them, pulled the nation's economy out of the worst recession since the great depression 80 years prior
 
Nickyjo said:
That, of course, begs the question: why do we need a tax cut?
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in a full economy

doesn't make sense

eliminating tax write offs that do nothing but pay back political donors, does
 
Anthony60 said:
I don't have to explain a damn thing to you, I'll discuss what I want.
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no one - including me - said that you cannot
you introduced flat tax into the discussion
i questioned the purpose
you had no valid answer
which brings us full circle
once again, yes, you are free to offer additional vapid comments if you so choose
i look forward to reading the next ones [enter sarcasm icon of choice here]
 
justabubba said:
but it did
in the aftermath of the great recession
GM bailout preserved thousands of good paying jobs
shovel ready contracts funded construction work which would have otherwise gone fallow for the employees who perform it
federal funds to the states kept teachers and first responders on the job
we live in a demand economy
when the masses are without work, they no longer have the financial means to exercise demand
those 'trickle up' programs, as you refer to them, pulled the nation's economy out of the worst recession since the great depression 80 years prior
Click to expand...

Economics is ever changing. It's like the stock market. Past performance doesn't guarantee future results. How many Democratic presidents have we had since 1930? Is that really the best you've got, referencing something from almost 90 years ago? That's the best you can do? I thought you guys believe the world started in 1968?
 
justabubba said:
but it did
in the aftermath of the great recession
GM bailout preserved thousands of good paying jobs
shovel ready contracts funded construction work which would have otherwise gone fallow for the employees who perform it
federal funds to the states kept teachers and first responders on the job
we live in a demand economy
when the masses are without work, they no longer have the financial means to exercise demand
those 'trickle up' programs, as you refer to them, pulled the nation's economy out of the worst recession since the great depression 80 years prior
Click to expand...

More on these:

THE AMAZING POWER OF STIMULUS [Charts]
GM: The Most Successful Bailout Bankruptcy
 
Nickyjo said:
As I understand it, we pay less than other developed countries in taxes. We have it easy. And didn’t we amend the constitution to allow it? Anyway, the problem isn’t taxes, it’s spending. I’d like fewer useless weapons. Others don’t believe in Medicare. Then of course there are the wasteful welfare programs, a small fraction of the whole, but objectionable since they go to “those people.”
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Well, you've hit the nail on the head, as very few on the left are willing to do. It's spending. Case closed.

But, on the tax end of it, it has become ultra complicated and the lawyers and accountants in and around Congress keep it that way because it means more money for lawyers and accountants.
 
justabubba said:
no one - including me - said that you cannot
you introduced flat tax into the discussion
i questioned the purpose
you had no valid answer
which brings us full circle
once again, yes, you are free to offer additional vapid comments if you so choose
i look forward to reading the next ones [enter sarcasm icon of choice here]
Click to expand...

And I question your questioning of it, Sir! So there! And if you question my questioning, I will further question your questioning, and I may also question your questioning of my questioning of your questioning.
 
Anthony60 said:
Well, that begs the question: why are we paying so much in taxes? It was never supposed to exceed 10% and was not allowed in the Constitution.
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The income tax amendment doesn’t mention 10%. Is there a statute that does?
 
Anthony60 said:
No, of course not. Why would you think that? It was never part of the amendment, of course.
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Anthony60 said something about that, and I was looking for the source of the claim.
 
Nickyjo said:
Anthony60 said something about that, and I was looking for the source of the claim.
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I never said it was in the Constitution, but I believe it was an understanding about the income tax. I wish it was part of the amendment. They should have known better.
 
Anthony60 said:
I never said it was in the Constitution, but I believe it was an understanding about the income tax. I wish it was part of the amendment. They should have known better.

What would you cut to have a ten percent limit on taxes? Defense, National Parks, highways, food stamps, medical care for the old and poor?
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Anthony60 said:
I'm not a big fan of giving "refunds" to people that did not pay any taxes, or giving them more back than they paid in. That's not a tax system, that is a welfare system. I think just about anyone that is making money should be paying some taxes, it is not good to have people that don't contribute, in one way or another.
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Well how very socialistic of you...
 
Trying to build an economy from the top down makes as much sense as building a sky scraper from you the top down.
 
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Getting back to the thread...

Nobody has done a very good job of explaining why giving tax-cuts to rich people is better for the America {America 1st!}. We've seen this film before, tax-cuts on the rich are sold as raising all boats but only the yachts end up being raised. It's no different with this plan -- except now people are going to lose health insurance too.

DOrS4lZVoAAWt87.jpg
 
Lots of laughs on this one. Remember "Hillary gave a speech to Goldman Sachs...the horror of it all....she will cozy up to Goldman and Sachs. :lamo this POTUS has Cohen and Steven Mnuchin both former Goldman Sachs people. Please this Trump hired everyone from that company except for Goldman and Sachs. Can I ask you Conservatives something. If the shoe was on the other foot would you not be screaming G&S is controlling us. So it must be all of the rhetoric you spew is only if a Dem is in charge. And all you stand for is a "R" on the ballot. Nothing more or less.
 
graph republican tax polan.jpg
 
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