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Thread: 6 months in, GOP tax bill an utter flop

  1. #711
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    Re: 6 months in, GOP tax bill an utter flop

    Quote Originally Posted by Conservative View Post
    Vern, you are truly clueless and totally off topic and a one trick pony. This thread is about people keeping more of what they earn and the economic activity generated as a result of that reality. You want to live in the early 2000's go for it and see what benefit you get out of it in the future. Bush isn't in office and Obama gave us Trump so if you want to discuss the Tax cuts and how they benefit the economy go for it
    Ah, "keeping more of what they earn." Now, prices are on the rise, keeping less of what they earn. I blame the tax-cuts which, as predicted, are causing inflation. That's what happen when you lower taxes at a time of low unemployment. Yes, ECON 101 was right.


    180712160211-prices-rising-chart-780x439.jpg
    (Click graph to go to article)

    The Consumer Price Index, which tracks most items on the average city-dwelling American's shopping list, rose 2.9% last month its fastest pace since 2012.

    When prices speed up, paychecks don't go as far. Average hourly earnings only increased 2.7% over the year in June, which means that most workers' paychecks actually aren't going any further at all.
    Last edited by MTAtech; 07-13-18 at 10:24 AM.
    "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

  2. #712
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    Re: 6 months in, GOP tax bill an utter flop

    Quote Originally Posted by MTAtech View Post
    Ah, "keeping more of what they earn." Now, prices are on the rise, keeping less of what they earn. I blame the tax-cuts which, as predicted, are causing inflation. That's what happen when you lower taxes at a time of low unemployment. Yes, ECON 101 was right.


    180712160211-prices-rising-chart-780x439.jpg
    (Click graph to go to article)
    LOL, yep, personal choice only matters when it comes to abortion, right? People keeping more of what they earn CHOOSE how to spend their money and if costs are going up they can shop and choose whether or not to purchase the product. You seem to have a problem with people keeping more of what they earn and having that choice

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