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Politics : The Trump Presidency -- Ignore unavailable to you. Want to Upgrade?

To: i-node who wrote (149123)	1/6/2020 12:51:25 PM
From: CentralParkRanger	Read Replies (1) \| Respond to of 356344

Yeah. Targeted by idiots. We have discussed this innumerable times. You can't just make tax cuts willy nilly and expect good results. When tax cuts are payments to people who spend the money on consumption you're not doing anything.Consistently, the tax cuts that cause growth are those which result in increased investment. JFK added Section 38 (Investment Tax Credit) and the precursor to modern Section 179 (Bonus Depreciation). Section 38 et seq., was one of the most productive tax incentives ever created. They were nuts for getting rid of it.I had more taxpayers leave my office in December to buy new vehicles, equipment and other qualifying Sec 38 personalty than you can imagine -- Securing tax returns before they made the first payment on the note.Tax cuts for consumers are shit. Total waste of money. If you want to see tax cuts work dump the corporate income tax. Oh, we did that, didn't we? Well, do the rest. Kill Subchapter C dead, totally dead, and you'll see even more great economic news. Hell, the corporate tax doesn't bring in big money anyway because of the Foreign Tax Credit.I have no idea how you think giving consumers a cut they can spend to buy a combo at McDonalds is stimulative. We've seen it fail time and again "Tax cuts for riches are good, because they invest, tax cuts for people are bad, because they just consume." The most moronic statement ever. Dear i-node, why didn't you try to study economics at least of high school level, not even Economics 101 on college level? Why rich people want to invest? Because they need to expand and modernize their production. Why they are need to expand? Because they see increasing demand for their products. Why the demand is increasing? Because people have more money to consume these products. This is the only logic that provides growth, all the attempts to put economy upside down, all these "trickle down" tricks are just lies.

To: i-node who wrote (149123)	1/6/2020 4:44:44 PM
From: combjelly	4 Recommendations Recommended By bentway CentralParkRanger Ivan Inkling Terry Maloney Respond to of 356344

When tax cuts are payments to people who spend the money on consumption you're not doing anything. Garbage in, garbage out. You keep claiming that and it is pure nonsense. The economy is something like 70% to 80% driven by consumer spending. It has been shown by numerous studies that spending on things like unemployment insurance is the most efficient way to stimulate the economy. Tax cuts and other forms of welfare targeted at the very wealthy have essentially no influence. Your inability to understand basic economics is rather breathtaking.