04-20-2018, 02:27 PM
(04-20-2018, 04:55 AM)JustWinBaby Wrote: No. You don't seem to understand economics. Here's a hint: Taxes trickle down. Almost every economics book you can read will tell you that. I suspect you have not read many economics books.
I took Phd courses in economics at one of the best schools in the country. I had nobel laureates as professors. Ignorance offends me.
Is Warren Buffett ignorant?
How about Allen Greenspan?
Instead of just slurping up the theory you were taught in the classroom you should have been paying more attention to reality. Remember when lower interest rates were supposed to promote growth but instead were used to fund massive stock buy backs that benefitted the wealthy stock holders? Same thing is happening with tax breaks.
At a time when stock prices and corporate profits were at record highs why did corporations need more tax breaks? Why were they taking record profits instead of lowering prices or raising the wages of their workers BEFORE the tax breaks? How many billions of dollars of US corporate profits held overseas have been re-patriated since these tax breaks?
