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Trump’s Tax Cuts in Hand, Companies Spend More on Themselves Than on Wages

danielpalos said:
Only the right wing would cut taxes before funding Government.
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Since a huge part of government spending is simply transferring wealth from those who earned it to those who didnt, it makes sense to not only shut off the flow, but return some of that stolen property to its rightful owners
 
Fletch said:
Since a huge part of government spending is simply transferring wealth from those who earned it to those who didnt, it makes sense to not only shut off the flow, but return some of that stolen property to its rightful owners
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Maybe to right wingers. To the left, Congress is delegated the social Power to, pay the Debts, and provide for the common Defense and general Welfare of the United States.

Who's fault is it, capitalists cannot solve simple poverty via Capitalism? Only Sisyphus was, "that dumb", but had a Good reason. The right wing does not have a Good reason.
 
danielpalos said:
Maybe to right wingers. To the left, Congress is delegated the social Power to, pay the Debts, and provide for the common Defense and general Welfare of the United States.

Who's fault is it, capitalists cannot solve simple poverty via Capitalism? Only Sisyphus was, "that dumb", but had a Good reason. The right wing does not have a Good reason.
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Huh??
 
danielpalos said:
Who's fault is it, capitalists cannot solve simple poverty via Capitalism?
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The goal of capitalism isn't to solve poverty. But when you can find an economic system that actually accomplishes that, let me know.
 
Fletch said:
The goal of capitalism isn't to solve poverty. But when you can find an economic system that actually accomplishes that, let me know.
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Our system could have solved simple poverty, yesterday; but, the right wing doesn't like it, Because the poor may benefit without working hard enough for it.
 
danielpalos said:
Our system could have solved simple poverty, yesterday; but, the right wing doesn't like it, Because the poor may benefit without working hard enough for it.
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Please lay out the 'solution' to poverty, keeping in mind the trillions in transfer payments made each year and the trillions in accumulated debt.
 
danielpalos said:
Our system could have solved simple poverty, yesterday; but, the right wing doesn't like it, Because the poor may benefit without working hard enough for it.
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How? By using the Robin Hood system of stealing from the rich and giving to the poor?

Do the poor deserve to take from the rich? Can I come to your house and take your things and you'll be happy about it?
 
Fletch said:
Please lay out the 'solution' to poverty, keeping in mind the trillions in transfer payments made each year and the trillions in accumulated debt.
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We have laws regarding the concept of employment at will; unemployment compensation simply for being unemployed, will solve simple poverty.
 
HowardBThiname said:
How? By using the Robin Hood system of stealing from the rich and giving to the poor?

Do the poor deserve to take from the rich? Can I come to your house and take your things and you'll be happy about it?
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In a market friendly manner; unlike our alleged wars on crime, drugs, poverty, and terror.
 
HowardBThiname said:
How? By using the Robin Hood system of stealing from the rich and giving to the poor?

Do the poor deserve to take from the rich? Can I come to your house and take your things and you'll be happy about it?
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The way I see it the wealth belongs to the collective first, it is placed in the hands of individuals on the understanding that it will be well used, which means that the best interests of the collective are kept in consideration and are advanced.....the collective can strip and redistribute the wealth at will, though it must be kept in mind that bungling stripping and redistributing hurts the best interests of the collective. I for instance today call for nationalizing the railroads and the medical system, the medical system I would remake and sell it off in 20 years. In my telling those who are nationalized should be compensated to some degree but if they have misbehaved as the railroads and medical system have they have no right to demand compensation, the original sin was theirs.
 
Moderate Right said:
Actually most people do own stocks through retirement plans where they work.
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53% of Americans own no stocks, even in their retirement accounts.

Only 10% of Americans have pensions.

85% of all stocks are owned by 10% of the American public.
 
Trump’s Tax Cuts in Hand, Companies Spend More on Themselves Than on Wages
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well, duh. my guess is that the tax cuts will speed up automation more than they'll result in significant wage growth.
 
Fletch said:
Please lay out the 'solution' to poverty, keeping in mind the trillions in transfer payments made each year and the trillions in accumulated debt.
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Step 1. Take out the Federal Reserve and give the power to create currency back to Congress. Fed holds most of our debt, abolish it and debt is gone.
Step 2. Break up every single corporation that is to big to fail.
Step 3. Get rid of personal income taxes altogether.
Step 4. Set a flat rate capital gains tax that is tied to inflation.
Step 5. Restrict the sale of patents.
Step 6. Seize patents bought by large corporations in an effort to curb competition.
Step 7. End Farm Subsidies, Oil Subsidies, and every other kind of subsidies that put corporate risk on the public, while keep the profit for themselves.
Step 8. Separate Wall Street and Main Street. IE keep towns and municipalities from selling stock in their public works, limit investment to community members.
Step 9. End the Drug War, freeing up so much revenue, killing the South American Cartels, and making investment in Mexico and South American Infrastructure safe for Americans.
Step 10. Encourage the middle class to invest in the development of Mexico and South America, much like our upper class invested in us in the early days.

That is how capitalism can solve poverty. And also solve our immigrant problem. And our prison problem.
 
Corporations getting tax cuts at least holds out the possibility that they will invest some of it in new plants, technologies, etc. which create jobs. The left would rather see it it go to the Federal government which is the most inefficient entity in history. The only way to grow wealth is by infusing the private sector with cash or letting it keep more of its own money to reinvest. Government can never grow wealth. It only wastes and/or redistributes it, usually the former.
 
veritas1 said:
Corporations getting tax cuts at least holds out the possibility that they will invest some of it in new plants, technologies, etc. which create jobs. The left would rather see it it go to the Federal government which is the most inefficient entity in history. The only way to grow wealth is by infusing the private sector with cash or letting it keep more of its own money to reinvest. Government can never grow wealth. It only wastes and/or redistributes it, usually the former.
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Yes, govts never grow wealth

That is why the wealthiest nations have no govt
 
veritas1 said:
Corporations getting tax cuts at least holds out the possibility that they will invest some of it in new plants, technologies, etc. which create jobs. The left would rather see it it go to the Federal government which is the most inefficient entity in history. The only way to grow wealth is by infusing the private sector with cash or letting it keep more of its own money to reinvest. Government can never grow wealth. It only wastes and/or redistributes it, usually the former.
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Nobody takes the right wing seriously about economics.
 
danielpalos said:
reversing a trend is more credit worthy, than simply taking credit for normal market trends.
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Was 2008 a normal market trend? I seem to recall the left universally blaming Bush for what was a blow off of the over inflated housing and mortgage market. A year or two doesn't stamp an administration as either a success or failure economically but 8 years does. Obama had the first ever two term presidency that failed to top 3% annualized GDP growth in any year. Those who rail against Trump while he succeeds, if even in the short term, should look to the performance of their own guy over two full terms. In fact, it is not an exaggeration to say that Obama's economic record was probably the decisive factor in keeping Hillary out of the WH. People didn't want what they were selling.
 
veritas1 said:
Was 2008 a normal market trend? I seem to recall the left universally blaming Bush for what was a blow off of the over inflated housing and mortgage market. A year or two doesn't stamp an administration as either a success or failure economically but 8 years does. Obama had the first ever two term presidency that failed to top 3% annualized GDP growth in any year. Those who rail against Trump while he succeeds, if even in the short term, should look to the performance of their own guy over two full terms. In fact, it is not an exaggeration to say that Obama's economic record was probably the decisive factor in keeping Hillary out of the WH. People didn't want what they were selling.
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the graph explains it better.
 
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