Nancy Pelosi is crazy

OK, guess you got to be a special type of smart to understand the Wicked Witch of the West... 27rqgo.jpg [image not found]

Sounds like Reganomics - make the rich so rich that some of the money will trickle down to the working class. Except it doesn't work that way in real life. Nothing trickles down. :-)

Upvote for a great meme. Thank you!

So the pay raises loads of people got after the tax cut were what?

Err... umm... enough to keep up with the cost of living?

Enough to ensure the middle class could still be upwardly mobile?

Enough to prevent a housing bubble burs?

Preparing for a world where millennials could get credit?

The same amount they are still earning today. Plus three percent?

I guess you're right. It worked.

Technically the idea of Reaganomics as I understand it isn't to make the rich super rich, it's that corporations which are taxed less make more profit, and can afford to pay their employees more. Then you have the free market kick in, the companies who pay their employees more will get first pick of the finest minds since people obviously want the higher paying job,and they'd rather apply there than the business down the street paying minimum wage. In addition, people who are being paid more tend to spend more, which feeds back into the whole machine.

Phil, I agree with THIS response 100 percent.

You are correct, in my OPINION, so I can't deny it.

Thank you for stating it so clearly that I get it.

Cheers, mate! :-D

:)

Too many people resort to this

Middle-class households - defined as those making between roughly $49,000 and $86,000 a year - will see their tax bills drop by about $930, the Tax Policy Center calculates. That will lift their after-tax incomes by 1.6 percent.

The richest 1 percent, meanwhile, will save $51,140, lifting their after-tax incomes by 3.4 percent, or more than twice as much as the middle class.