Republican Presidental Debate Iowa

[archibaldcrane]

Isn't that the whole point of regulation? To stop businesses from doing shady shit like that? Oh hey, we just made 87 billion dollars in profits, lets cut our employees benefits.

That's not really the point of regulation at all.

[archibaldcrane]

Trickle-down economics works. I don't know what you're talking about.

Spoiler: show

Swampy, there's a reason why noone calls it "trickle down economics" anymore - it's because that is regarded as an abject failure.

[Headspace]

What should we call it?

[Demosthenes11]

bullshit

[Headspace]

Ur bullshit

[Rhinox]

Uhhh

[archibaldcrane]

What should we call it?

Please, call it trickle-down economics, so everyone will remember it's a crock of shit.

Better than "removing governmental impediments for job creators" or whatever the fuck they've coined as the new term for tax cuts for the rich nowadays.

[Plow]

I believe the word you're looking for is Liberty.


Yes, with a capital L.

[Dimmauk]

What should we call it?

[Dantrag]

Uhhh

Zealots post already made the point, but if you look it up for about 30 minutes you'll find that the trend completely stands and that every time taxes are lowered the division between middle and upper class grows larger.

[Senoska]

Its ironic because its Ben Stein.

[test123]

[SwampdonkeyPLD]

Zealots post already made the point, but if you look it up for about 30 minutes you'll find that the trend completely stands and that every time taxes are lowered the division between middle and upper class grows larger.

That's what I figured. The economy wasn't bad b/c unemployment was high, it was stagnating, etc., it was bad because the gap got wider.

[test123]

[archibaldcrane]

That's what I figured. The economy wasn't bad b/c unemployment was high, it was stagnating, etc., it was bad because the gap got wider.

It's not just that the gap got wider, it got wider because the entirely of the gains went to the top 5% of earners (mostly the top .1%) and the bottom 95% of American inflation-adjusted earnings stayed the same.

This, particularly, is why it's bullshit to say that lowering taxes on the wealthy helps anyone but the wealthy. It's been shown time and time again that the additional tax savings for the rich does NOT "trickle down" to anyone else. It just makes rich people richer and increases the federal deficit.

[test123]

It's not just that the gap got wider, it got wider because the entirely of the gains went to the top 5% of earners (mostly the top .1%) and the bottom 95% of American inflation-adjusted earnings stayed the same.

The gains goes to the top 5% because the FED is giving them free money (the peoples money) to speculate with. The winnings of these speculations goes to corporate bonuses and stock holders and not back to the american people.

[test123]

The top 5 percent pay well over half the income taxes. The wealthiest 1 percent of the population earn 19 per­cent of the income but pay 37 percent of the income tax. The top 10 percent pay 68 percent of the tab. Meanwhile, the bottom 50 percent—those below the median income level—now earn 13 percent of the income but pay just 3 percent of the taxes. These are proportions of the income tax alone and don’t include payroll taxes for Social Security and Medicare.

The inflation is what's making the poor suffer. Prices rise hurting the poor and the middle class. Stop inflation and the hurting won't grow.

[archibaldcrane]

Dude, price inflation hasn't been over 4% in more than a decade - this is what you're harping on?

[test123]

Dude, price inflation hasn't been over 4% in more than a decade - this is what you're harping on?

Inflation of every day items for the year 2010:

wheat 74%
corn 14%
oats 58%
canola 36%
heating oil 29%
gasoline 25%
natural gas 15%
beef 18%
pork 60%
coffee 27%
sugar 44%
cotton 66%
copper 37%
gold 31%
silver 38%

Also artihmetic:

[Day]

The top 5 percent pay well over half the income taxes. The wealthiest 1 percent of the population earn 19 per­cent of the income but pay 37 percent of the income tax. The top 10 percent pay 68 percent of the tab. Meanwhile, the bottom 50 percent—those below the median income level—now earn 13 percent of the income but pay just 3 percent of the taxes. These are proportions of the income tax alone and don’t include payroll taxes for Social Security and Medicare.

The inflation is what's making the poor suffer. Prices rise hurting the poor and the middle class. Stop inflation and the hurting won't grow.

And this is including all the loopholes and tax breaks they get. Think how much we'd not be hurting if they were actually paying what they should be paying. Pointing out how much taxes they pay in comparison to low/middle class is a nice strategy until you realize it only reflects the same fucking gap problem others have pointed out.... you want the poor to pay more in taxes? Give them more income.