Fifty Years of Tax Cuts for Rich Didn’t Trickle Down, Study Says - Printable Version +- Cincinnati Bengals Message Board / Forums - Home of Jungle Noise (http://thebengalsboard.com) +-- Forum: Off Topic Forums (http://thebengalsboard.com/Forum-Off-Topic-Forums) +--- Forum: Politics & Religion 2.0 (http://thebengalsboard.com/Forum-Politics-Religion-2-0) +--- Thread: Fifty Years of Tax Cuts for Rich Didn’t Trickle Down, Study Says (/Thread-Fifty-Years-of-Tax-Cuts-for-Rich-Didn%E2%80%99t-Trickle-Down-Study-Says) Pages:
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Fifty Years of Tax Cuts for Rich Didn’t Trickle Down, Study Says - Belsnickel - 12-16-2020 https://www.bloomberg.com/news/articles/2020-12-16/fifty-years-of-tax-cuts-for-rich-didn-t-trickle-down-study-says?sref=Ptu9QECN Quote:Tax cuts for rich people breed inequality without providing much of a boon to anyone else, according to a study of the advanced world that could add to the case for the wealthy to bear more of the cost of the coronavirus pandemic. In other news... RE: Fifty Years of Tax Cuts for Rich Didn’t Trickle Down, Study Says - Benton - 12-17-2020 Trickle down economics never worked, but served as a justification for a whole lot of greed. RE: Fifty Years of Tax Cuts for Rich Didn’t Trickle Down, Study Says - GMDino - 12-17-2020 I mean any one of us could have done that study. It won't change anything though. Greed in an incurable disease. RE: Fifty Years of Tax Cuts for Rich Didn’t Trickle Down, Study Says - Au165 - 12-17-2020 (12-17-2020, 09:53 AM)GMDino Wrote: I mean any one of us could have done that study. It won't change anything though. Greed in an incurable disease. Right, like I said in another thread the issue is financial illiteracy. If voters can keep getting sold this then it doesn't matter if it's true or not. Hell, we are seeing this right now play out. Rather than direct payments to citizens like much of the industrialized world is doing we are potentially about to see another single $600 check for months while companies and corporations get billions. The crazy thing is we saw how rife with fraud and waste the PPP program was last time around. RE: Fifty Years of Tax Cuts for Rich Didn’t Trickle Down, Study Says - michaelsean - 12-17-2020 I never cared about trickle down I just think taking half of someone’s income is obscene. RE: Fifty Years of Tax Cuts for Rich Didn’t Trickle Down, Study Says - fredtoast - 12-17-2020 (12-17-2020, 10:32 AM)michaelsean Wrote: I never cared about trickle down I just think taking half of someone’s income is obscene. What percentage is acceptable? RE: Fifty Years of Tax Cuts for Rich Didn’t Trickle Down, Study Says - Belsnickel - 12-17-2020 (12-17-2020, 09:53 AM)GMDino Wrote: I mean any one of us could have done that study. It won't change anything though. Greed in an incurable disease. There is a difference between what we all suspect and what researchers find using data and statistics. RE: Fifty Years of Tax Cuts for Rich Didn’t Trickle Down, Study Says - fredtoast - 12-17-2020 (12-17-2020, 09:53 AM)GMDino Wrote: Greed in an incurable disease. Even the poor and middle class are greedy. Everyone is. RE: Fifty Years of Tax Cuts for Rich Didn’t Trickle Down, Study Says - michaelsean - 12-17-2020 (12-17-2020, 01:49 PM)fredtoast Wrote: What percentage is acceptable? I’m good with maxing out at a third although that’s still high I try to be reasonable. And that’s just federal. Add all the other taxes and it’s ridiculous. Stop spending so much money and yes that means Republicans and yes that means the military. RE: Fifty Years of Tax Cuts for Rich Didn’t Trickle Down, Study Says - michaelsean - 12-17-2020 Oh and I’d love to see the rich people in Congress vote for a 5% wealth tax. It’s one thing to tax their little six figure salary, but hit their wealth? And how exactly is the 5% raised? I doubt super rich people have 5% of their wealth in cash. Maybe they can dump stock? That might cause some issues. RE: Fifty Years of Tax Cuts for Rich Didn’t Trickle Down, Study Says - BigPapaKain - 12-17-2020 *shocked Pikachu face* RE: Fifty Years of Tax Cuts for Rich Didn’t Trickle Down, Study Says - Goalpost - 12-17-2020 (12-17-2020, 04:37 PM)michaelsean Wrote: Oh and I’d love to see the rich people in Congress vote for a 5% wealth tax. It’s one thing to tax their little six figure salary, but hit their wealth? And how exactly is the 5% raised? I doubt super rich people have 5% of their wealth in cash. Maybe they can dump stock? That might cause some issues. What is your threshold of super rich? RE: Fifty Years of Tax Cuts for Rich Didn’t Trickle Down, Study Says - michaelsean - 12-17-2020 (12-17-2020, 07:03 PM)Goalpost Wrote: What is your threshold of super rich? Jesus I don’t know. Even regular rich people are going to have a hard time coming up with 5% liquid. RE: Fifty Years of Tax Cuts for Rich Didn’t Trickle Down, Study Says - Belsnickel - 12-17-2020 (12-17-2020, 07:59 PM)michaelsean Wrote: Jesus I don’t know. Even regular rich people are going to have a hard time coming up with 5% liquid. We could just eat them, instead. RE: Fifty Years of Tax Cuts for Rich Didn’t Trickle Down, Study Says - GMDino - 12-17-2020 (12-17-2020, 01:51 PM)Belsnickel Wrote: There is a difference between what we all suspect and what researchers find using data and statistics. Clearly but as a kid who grew up in the 70's and 80's it was pretty clear Regan started us down a long road of failing the workers and middle class. RE: Fifty Years of Tax Cuts for Rich Didn’t Trickle Down, Study Says - GMDino - 12-17-2020 (12-17-2020, 01:56 PM)fredtoast Wrote: Even the poor and middle class are greedy. No doubt greed can be in every class. Not everyone is greedy though. And the greedy ones at the top make it hard for anyone else. RE: Fifty Years of Tax Cuts for Rich Didn’t Trickle Down, Study Says - michaelsean - 12-17-2020 (12-17-2020, 09:30 PM)Belsnickel Wrote: We could just eat them, instead. I did just buy a new smoker and could use the practice. RE: Fifty Years of Tax Cuts for Rich Didn’t Trickle Down, Study Says - Benton - 12-17-2020 So at what point do we discuss reparations? RE: Fifty Years of Tax Cuts for Rich Didn’t Trickle Down, Study Says - Au165 - 12-18-2020 (12-17-2020, 07:59 PM)michaelsean Wrote: Jesus I don’t know. Even regular rich people are going to have a hard time coming up with 5% liquid. Not really. Jeff Bezos has unloaded about $10 Billion in Amazon stock this year alone, seemed pretty simple for him to come up with 5% of his net worth in cash. RE: Fifty Years of Tax Cuts for Rich Didn’t Trickle Down, Study Says - Sociopathicsteelerfan - 12-21-2020 Trickle down does work, but it has to be tax cuts to the middle class. The middle class drives the economy. |