Donald Trump

Donald Trump | AMERICAN CORPORATIONS ARE SITTING ON $2-TRILLION OF SAVED EARNINGS AND CAN BORROW MONEY AT BARGAIN BASEMENT INTEREST. LOWERING THEIR TAXES G | image tagged in donald trump | made w/ Imgflip meme maker
142 views, 5 upvotes, Made by LarryCaird 5 months ago donald trump
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And yet it's ordinary people that pay the price if rates rise, both directly in loans and indirectly in higher taxes, and liberal disbelief in eternally unbalanced budgets and never confronting social security helped get us there. If you simplify the tax code nightmare, or better yet phase out the IRS tapeworm whose sole purpose is to get us pay debt interest instead of actually funding programs, supply side is real. Once you get overtaxed, which is real, any incremental reduction in rates yields a disproportionately greater revenue to the collector, although since it's stolen value rather than created value, revenue would really not be the correct word.
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Here are the facts about the damage done to the manufacturing economy and the working person by the Grand Father of Trickle Down, Ronald Reagan. You can argue philosophy. But we are all stuck with the same sad facts. https://www.bls.gov/mlr/1990/09/art1full.pdf
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God boy. You used all the inane buzz phrases and words, blamed liberals for the borrow and spend phenomenon introduced in Reaganomics in order to "Starve the Beast," and smugly folded your arms. OK.
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Lowering taxs for small business is probably what it was ment for .
Maybe should offer lower taxes for small companys that hire more full time workers !
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The reason "trickle down," did not work and this will not work the way it did in the 1950s-1970s is that they kept the carrot and threw away the stick. The old Keynesain approach taxed the hell out of people and gave them "write offs," if they invested or made purchases that benefitted the domestic economy. Now, we give them the tax deduction and pray they will do something constructive with it. A tax break for older replacing company fleet vehicles with American made cars is an example of what we used to do, that worked. The new approach is based on the assumption that people whose entire business model is based on what is best for themselves or their company will alter their behavior and act in the common interest without any incentive. There is no such thing as a free lunch.
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AMERICAN CORPORATIONS ARE SITTING ON $2-TRILLION OF SAVED EARNINGS AND CAN BORROW MONEY AT BARGAIN BASEMENT INTEREST. LOWERING THEIR TAXES GIVES THEM NO INCENTIVE TO INVEST MORE IN THE DOMESTIC ECONOMY. SORRY THAT THERE IS NO PUNCH LINE.
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