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Non-Tech : Kirk's Market Thoughts -- Ignore unavailable to you. Want to Upgrade?

To: robert b furman who wrote (6260)	10/11/2018 9:58:59 PM
From: Robohogs	Read Replies (1) \| Respond to of 26590

The posturing on SI has gotten out of hand. Time for a vacation from reading here.

To: robert b furman who wrote (6260)	10/18/2018 6:56:36 PM
From: Kirk ©	2 Recommendations Recommended By 3bar kimberley Read Replies (2) \| Respond to of 26590

Are we having fun yet? Here is an article I wrote to show tax collections went up despite the tax cuts. Of course the Trump haters said they would have grown anyway... and still blame the deficit on low taxes rather than soaring spending that I clearly show in the tables is the root cause. Tax Revenue Grows but 2018 Deficit Explodes on Higher Government Spending My editorializing: Note how Corporate taxes fell by $95B between 2016 and 2018 while "trickle down" to the workers where the Payroll Tax (or OASDI and Medicare) grew $56B from $1,115B to $1,171B. If you add in the gains in personal income taxes that grew $138B from $1,546B to $1,684B, you could say the total gain of $56B + $138B or $194B in taxes from individuals more than made up for the lower taxes paid by corporations. Obama didn't think the economy would ever grow over 2% again and many other "experts" like ECRI thought the same. Even the Fed now (saw an interview today) says they didn't think the economy could grow as much as it is growing now.