Trump nailed when said.......

MasonP · Sep 29, 2016

I could be wrong but I think the US is the only country left in the world where most of the people think trickle down economics work, that's why they keep giving the very rich more and more money, every other country knows that it doesn't.

J Cord · Sep 29, 2016

OldWiseGuy said:
Well, he certainly is happy.

...and ignorant. That's why @PeachyKeane chose him as the representative of the gleefully ignorant.

PeachyKeane · Sep 29, 2016

OldWiseGuy said:
We have to pay higher wages in order to maintain our standard of living. That's what many corporations seem to be unaware of, or simply don't care about. It's just corporate greed (helped along by greedy stockholders).

I think they're aware. There's nothing that can be done about that though. You can try to convince them.

variant · Sep 29, 2016

MasonP said:
I could be wrong but I think the US is the only country left in the world where most of the people think trickle down economics work, that's why they keep giving the very rich more and more money, every other country knows that it doesn't.

Well stepping back and seeing the relationship between cause and effect can get blurred when you get your information from right wing propaganda outlets.

OldWiseGuy · Sep 30, 2016

PeachyKeane said:
I think they're aware. There's nothing that can be done about that though. You can try to convince them.

You did notice that I included millions of average Americans in the 'greed' part (stockholders). Anyone who has a company retirement plan is guilty as they own stock. Maintaining stock value is a major reason for offshoring.

kermit · Sep 30, 2016

OldWiseGuy said:
You did notice that I included millions of average Americans in the 'greed' part (stockholders). Anyone who has a company retirement plan is guilty as they own stock. Maintaining stock value is a major reason for offshoring.

Stockholders, by definition, are worried about the return on investment only, myself included. It's up to the leadership of the companies to balance the desires of stockholders with the goals of creating and growing a company that is sustainable in the long-term. Companies that do this well tend to have lower rate of return in the short-term, but higher rates in the long-term.

PeachyKeane · Sep 30, 2016

OldWiseGuy said:
You did notice that I included millions of average Americans in the 'greed' part (stockholders). Anyone who has a company retirement plan is guilty as they own stock. Maintaining stock value is a major reason for offshoring.

Okay. Let's say that's true. What of it? There's nothing fundamentally wrong with wanting to make money. There's nothing illegal in improving your portfolio. This is a capitalist society. What would you suggest to prevent people making a profit?

OldWiseGuy · Sep 30, 2016

PeachyKeane said:
Okay. Let's say that's true. What of it? There's nothing fundamentally wrong with wanting to make money. There's nothing illegal in improving your portfolio. This is a capitalist society. What would you suggest to prevent people making a profit?

Of course there's nothing wrong with that, and it follows that there's nothing wrong with the consequences of that either.

OldWiseGuy · Sep 30, 2016

kermit said:
Stockholders, by definition, are worried about the return on investment only, myself included. It's up to the leadership of the companies to balance the desires of stockholders with the goals of creating and growing a company that is sustainable in the long-term. Companies that do this well tend to have lower rate of return in the short-term, but higher rates in the long-term.

The stock market is the biggest scam ever conceived by man.

PeachyKeane · Sep 30, 2016

OldWiseGuy said:
The stock market is the biggest scam ever conceived by man.

Why's that?

PeachyKeane · Sep 30, 2016

OldWiseGuy said:
Of course there's nothing wrong with that, and it follows that there's nothing wrong with the consequences of that either.

Well, yeah. Are you a communist or something?

OldWiseGuy · Oct 1, 2016

PeachyKeane said:
Well, yeah. Are you a communist or something?

?

OldWiseGuy · Oct 1, 2016

PeachyKeane said:
Why's that?

It perpetuates the thoughtless, greedy, unaccountable, often reckless 'silent (and often not so silent) partner' in the nation's business.

joshua 1 9 · Oct 1, 2016

OldWiseGuy said:
'trickle down' economics

This has to do with "Reaganomics" and no one understood Reaganomics because Reagon had alzheimer's. Like Hillary he had moments when he was coherent but there were a lot of times people could not understand what he was talking about.

joshua 1 9 · Oct 1, 2016

PeachyKeane said:
Are you a communist or something?

What is the difference between communism and socialism?

OldWiseGuy · Oct 1, 2016

joshua 1 9 said:
This has to do with "Reaganomics" and no one understood Reaganomics because Reagon had alzheimer's. Like Hillary he had moments when he was coherent but there were a lot of times people could not understand what he was talking about.

I redefined it to make it understandable. :preach:

Ken Rank · Oct 1, 2016

MasonP said:
I could be wrong but I think the US is the only country left in the world where most of the people think trickle down economics work, that's why they keep giving the very rich more and more money, every other country knows that it doesn't.

Right now the top 20% of the wage earners in this country are paying over 80% of the load. I am all for that, I am not wealthy by any stretch of the definition. That said, when you over-tax the wealthy, the incentive they have to expand is gone. Nobody is in business to go broke, by definition the idea is to make money. So when the wealthy are over-taxed, they take their businesses out of the country and produce their product for MUCH LESS and then essentially export it back into this country making much more than they would have if they had remained. In the process, all those jobs... and all those sources of additional tax revenue are gone and instead... our taxes are used on unemployment, food stamps, and subsidized health care.

So, if you lower the taxes on EVERYONE, the lower wage earners have more money to spend... they buy more product which means more product needs to be produced and jobs are required to meet the additional demand. At the same time, when you lower the tax rate on the wealthy, they will expand, not leave the country, and make better profit (which even with a less % paid in taxes means they still pay more before their income went up more) and everyone benefits.

Kennedy and Reagan both understood and implemented this and it worked. Legislation and political greed after the fact caused the problems we faced later.

OldWiseGuy · Oct 1, 2016

PeachyKeane said:
Well, yeah.

Just because something isn't illegal doesn't make it good. :preach:

OldWiseGuy · Oct 1, 2016

Ken Rank said:
Right now the top 20% of the wage earners in this country are paying over 80% of the load. I am all for that, I am not wealthy by any stretch of the definition. That said, when you over-tax the wealthy, the incentive they have to expand is gone. Nobody is in business to go broke, by definition the idea is to make money. So when the wealthy are over-taxed, they take their businesses out of the country and produce their product for MUCH LESS and then essentially export it back into this country making much more than they would have if they had remained. In the process, all those jobs... and all those sources of additional tax revenue are gone and instead... our taxes are used on unemployment, food stamps, and subsidized health care.

So, if you lower the taxes on EVERYONE, the lower wage earners have more money to spend... they buy more product which means more product needs to be produced and jobs are required to meet the additional demand. At the same time, when you lower the tax rate on the wealthy, they will expand, not leave the country, and make better profit (which even with a less % paid in taxes means they still pay more before their income went up more) and everyone benefits.

Kennedy and Reagan both understood and implemented this and it worked. Legislation and political greed after the fact caused the problems we faced later.

You nailed it! :oldthumbsup:

Sadly this truth is lost on most liberals. :sigh:

essentialsaltes · Oct 1, 2016

Ken Rank said:
So, if you lower the taxes on EVERYONE, the lower wage earners have more money to spend... they buy more product which means more product needs to be produced and jobs are required to meet the additional demand. At the same time, when you lower the tax rate on the wealthy, they will expand, not leave the country, and make better profit (which even with a less % paid in taxes means they still pay more before their income went up more) and everyone benefits.

Kennedy and Reagan both understood and implemented this and it worked.

No, it didn't.

Trump nailed when said.......

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