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Thread: Mnuchin Scams the Tax-Cuts, claims they pay for themselves

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    Re: Mnuchin Scams the Tax-Cuts, claims they pay for themselves

    Quote Originally Posted by ludin View Post
    Of course you don't they are the evil people that must be punished. They must have stolen it from someone and it is the governments job to take it back.

    The rich already pretty much pay all of the income taxes collected.
    Nope, I believe that the most efficient consumers should be the most rewarded in a Capitalist society. The wealthy mostly hoard their wealth, and the middle class spend damn near every penny every year. The middle class should be given more money because they are better for the economy.

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    Re: Mnuchin Scams the Tax-Cuts, claims they pay for themselves

    Quote Originally Posted by MrPeanut View Post
    Nope, I believe that the most efficient consumers should be the most rewarded in a Capitalist society. The wealthy mostly hoard their wealth, and the middle class spend damn near every penny every year. The middle class should be given more money because they are better for the economy.
    No they don't hoarde their wealth. The. Only way to hoarde wealth is to shove it in a mattress.
    That is not what they do.

    Most of the rich got rich by saving and investing. Saving then buying.

    Most middle class people would have a better financial outlook with a bit of financial discipline
    And budget education.

    People are too concerned with what is the monthly payment than the total cost of something.

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    Re: Mnuchin Scams the Tax-Cuts, claims they pay for themselves

    Quote Originally Posted by ludin View Post
    We will see what happens to government receipts. I expect the first few years to be lower but should pick up after that.
    It takes time. For them to work through the system.
    The first few years is when growth (burst) would likely happen. After that, a pause and retrograde movement to recession. Perhaps severe.

    Corporations are already sitting on trillions of dollars. Expansion/increased-employment is far down most CEO to-do list. Mgmt/shareholders always come first.


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    Re: Mnuchin Scams the Tax-Cuts, claims they pay for themselves

    Quote Originally Posted by Manc Skipper View Post
    It's long past time the "create jobs by cutting taxes to the rich" was called out. Jobs are created when the work grows beyond the capacity of the existing workforce, and extra staff are needed to cope. Such tax cuts merely go to increased shareholdings, buy-backs or bonuses, not jobs. Better to cut taxes for the middle or lower classes to stoke demand, and create jobs.
    Thats certainly ONE way jobs are created. Theyre also created when employers expand operations and innovate ways to turn idle labor into wealth and resources. Which can then be traded. Such tax cuts will partly go into production activities, and some will go to bonuses (to be spend in demand), buy backs (which puts the money in sellers hands to be used for demand), increased shareholdings (which means buying stock from someone who will then use the cash to demand), etc.

    Since the alternative is everyone continuing to give trillions to the govt to waste, which doesnt create jobs, I think the choice is obvious here.

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    Re: Mnuchin Scams the Tax-Cuts, claims they pay for themselves

    Quote Originally Posted by Rogue Valley View Post
    The first few years is when growth (burst) would likely happen. After that, a pause and retrograde movement to recession. Perhaps severe.

    Corporations are already sitting on trillions of dollars. Expansion/increased-employment is far down most CEO to-do list. Mgmt/shareholders always come first.
    Yes they are sitting on trillions that should be used to promote growth.
    That is what this tax bill will do.

    Next it will help promote small businesss to grow and expand.
    That is the needed effect. Corporations are the the baseline saturated level.
    What you need is the guy with 10 employees to go to 30-50-100 employees.

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    Re: Mnuchin Scams the Tax-Cuts, claims they pay for themselves

    Quote Originally Posted by Rogue Valley View Post
    The first few years is when growth (burst) would likely happen. After that, a pause and retrograde movement to recession. Perhaps severe.

    Corporations are already sitting on trillions of dollars. Expansion/increased-employment is far down most CEO to-do list. Mgmt/shareholders always come first.
    Yes, corporations are already sitting on trillions of dollars. According to the GOP theory, they need even more trillions if we want them to invest or hire more people. It makes no sense.
    "I never meant to say that the Conservatives are generally stupid. I meant to say that stupid people are generally Conservative. I believe that is so obviously and universally admitted a principle that I hardly think any gentleman will deny it." --J.S. Mill

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    Re: Mnuchin Scams the Tax-Cuts, claims they pay for themselves

    Quote Originally Posted by ludin View Post
    Yes they are sitting on trillions that should be used to promote growth.
    That is what this tax bill will do.

    Next it will help promote small businesss to grow and expand.
    That is the needed effect. Corporations are the the baseline saturated level.
    What you need is the guy with 10 employees to go to 30-50-100 employees.
    Ah, it's about small businesses with 10 employees. That must be why private jet owners get a new break and golf course owners get goodies too.
    "I never meant to say that the Conservatives are generally stupid. I meant to say that stupid people are generally Conservative. I believe that is so obviously and universally admitted a principle that I hardly think any gentleman will deny it." --J.S. Mill

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    Re: Mnuchin Scams the Tax-Cuts, claims they pay for themselves

    Quote Originally Posted by ludin View Post
    80% of middle class. And low income people will get a tax decrease.
    Why do you keep not telling the truth?

    It doesn't throw anyone off health insurance another lie. It simply repeals the individual mandate which means people
    Aren't forced to buy a product not that they should be forced to buy a product in a free country anyway.
    False.

    Senate tax bill would cut taxes of wealthy and increase taxes on families earning less than $75,000 by 2027


    Sure, "it simply repeals the individual mandate which means people" can't afford to buy health insurance because of skyrocketing premium costs. An analogy is like saying "I just choose to not buy a Rolls Royce," not "I don't buy a Rolls Royce because I can't afford one."
    "I never meant to say that the Conservatives are generally stupid. I meant to say that stupid people are generally Conservative. I believe that is so obviously and universally admitted a principle that I hardly think any gentleman will deny it." --J.S. Mill

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    Re: Mnuchin Scams the Tax-Cuts, claims they pay for themselves

    Quote Originally Posted by ludin View Post
    your graph shows that it can be done and it has been done.
    again the CBO doesn't predict economic growth it can't. In fact no one can.

    If people could predict the market and the economy we could easily avoid recessions.
    LOL But this topic is about the Treasury PREDICTING 2.9% average growth for a decade. You agree that prediction is ridiculous then? Remember you said that no one can predict.
    Those who can make you believe absurdities can make you commit atrocities.
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    Re: Mnuchin Scams the Tax-Cuts, claims they pay for themselves

    Quote Originally Posted by jonny5 View Post
    Thats certainly ONE way jobs are created. Theyre also created when employers expand operations and innovate ways to turn idle labor into wealth and resources. Which can then be traded. Such tax cuts will partly go into production activities, and some will go to bonuses (to be spend in demand), buy backs (which puts the money in sellers hands to be used for demand), increased shareholdings (which means buying stock from someone who will then use the cash to demand), etc.

    Since the alternative is everyone continuing to give trillions to the govt to waste, which doesnt create jobs, I think the choice is obvious here.
    Since this bill will crater revenues it will also inevitably cut Govt. spending which creates jobs and increases demand. Giving away money to those that already spend all they want will not increase demand only the nest eggs of the wealthy.
    Those who can make you believe absurdities can make you commit atrocities.
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