well the down turn is starting
Apr 27, 2018 12:26:48 #
Reagon proved this years ago if you reduce income "tax breaks" and increase spending you drastically increase debt and things go to hell!
look at the price of gas and trump talks with Saudi Arabia to raise oil prices higher got to keep big oil happy!
https://www.newsmax.com/finance/streettalk/economy-growth-slows-gdp/2018/04/27/id/857018/?ns_mail_uid=62964047&ns_mail_job=1790577_04272018&s=al&dkt_nbr=0105023m6hcv
look at the price of gas and trump talks with Saudi Arabia to raise oil prices higher got to keep big oil happy!
https://www.newsmax.com/finance/streettalk/economy-growth-slows-gdp/2018/04/27/id/857018/?ns_mail_uid=62964047&ns_mail_job=1790577_04272018&s=al&dkt_nbr=0105023m6hcv
Apr 27, 2018 12:34:36 #
Bush doubled down and proved it all over again.
People don't seem to understand the effect higher taxes have on corporations. As a corporation starts posting higher profits it incurs higher tax liabilities. As those tax liabilities go up they decide whether to pay taxes on profits or plow the profits back into the company figuring it's better to invest that money into future growth than pay it to the government. I have looked at a future tax liability and planned ahead at how much equipment can be leased so as to eliminate any profits and tax liabilities. Lowering taxes is giving corporations free money, and they no longer need to look for things to spend money on rather than pay it to the government.
This is actually part of what happened during Clinton's era, he raised taxes, which triggered forced investments in growth, equipment gets bought, capacities get expanded, sales pressure is increased, people get hired, profits grow as a result and that increases tax revenues further. Clinton raised taxes and put on over 20 million jobs, numbers don't lie, raising taxes did not hurt the economy, it thrived for eight years. Increasing taxes = thriving economy
Bush lowered taxes, and there was a direct budget deficit that went to $1.3 trillion (from a surplus he took over), over 20 million jobs were lost in eight years, the economy went into the crapper. Lower taxes = trashed economy.
Numbers don't lie folks, rhetorical tales of trickle down economics do though, it has never been proved to work.
People don't seem to understand the effect higher taxes have on corporations. As a corporation starts posting higher profits it incurs higher tax liabilities. As those tax liabilities go up they decide whether to pay taxes on profits or plow the profits back into the company figuring it's better to invest that money into future growth than pay it to the government. I have looked at a future tax liability and planned ahead at how much equipment can be leased so as to eliminate any profits and tax liabilities. Lowering taxes is giving corporations free money, and they no longer need to look for things to spend money on rather than pay it to the government.
This is actually part of what happened during Clinton's era, he raised taxes, which triggered forced investments in growth, equipment gets bought, capacities get expanded, sales pressure is increased, people get hired, profits grow as a result and that increases tax revenues further. Clinton raised taxes and put on over 20 million jobs, numbers don't lie, raising taxes did not hurt the economy, it thrived for eight years. Increasing taxes = thriving economy
Bush lowered taxes, and there was a direct budget deficit that went to $1.3 trillion (from a surplus he took over), over 20 million jobs were lost in eight years, the economy went into the crapper. Lower taxes = trashed economy.
Numbers don't lie folks, rhetorical tales of trickle down economics do though, it has never been proved to work.
Apr 27, 2018 12:46:27 #
Apr 27, 2018 14:00:55 #
Lonewolf wrote:
Reagon proved this years ago if you reduce income "tax breaks" and increase spending you drastically increase debt and things go to hell!
look at the price of gas and trump talks with Saudi Arabia to raise oil prices higher got to keep big oil happy!
https://www.newsmax.com/finance/streettalk/economy-growth-slows-gdp/2018/04/27/id/857018/?ns_mail_uid=62964047&ns_mail_job=1790577_04272018&s=al&dkt_nbr=0105023m6hcv
look at the price of gas and trump talks with Saudi Arabia to raise oil prices higher got to keep big oil happy!
https://www.newsmax.com/finance/streettalk/economy-growth-slows-gdp/2018/04/27/id/857018/?ns_mail_uid=62964047&ns_mail_job=1790577_04272018&s=al&dkt_nbr=0105023m6hcv
The only "down turn " that will now or ever be experienced, will occur within the ranks of those who are ill-prepared for life.
Who the president happens to be does not hinder or influence your opportunity to be a winner.
Losers focus on the " down turn ".
Apr 27, 2018 14:41:05 #
trumps a loser and always has been he now has a job he wished he had never gotten soon his son in law and his sons will be heading to court for charges he can't pardon
Wolf counselor wrote:
The only "down turn " that will now or ever be experienced, will occur within the ranks of those who are ill-prepared for life.
Who the president happens to be does not hinder or influence your opportunity to be a winner.
Losers focus on the " down turn ".
Who the president happens to be does not hinder or influence your opportunity to be a winner.
Losers focus on the " down turn ".
Apr 27, 2018 14:49:37 #
Wolf counselor wrote:
The only "down turn " that will now or ever be experienced, will occur within the ranks of those who are ill-prepared for life.
Who the president happens to be does not hinder or influence your opportunity to be a winner.
Losers focus on the " down turn ".
Who the president happens to be does not hinder or influence your opportunity to be a winner.
Losers focus on the " down turn ".
Try making money in the stock market in a downturn. Leave your money and all the gains you've made in the last eight years sit and see what happens to all the winnings you've had for eight years, a market adjustment will turn winners into losers.
My wife has two veterinary clinics, she was forced to open a second one when gas prices went beyond $4.00 a gallon during Bush's last term. Her business was down 40%. I have friends who own restaurants, when gas prices go up restaurants die. Bad economies hurt good people who are not losers. Stock market drops hit retirees who worked all their lives saving for retirement, they are not losers because the economy takes their life savings. They are not losers when catastrophic medical bills strip them of savings and the equity in their paid for houses.
Your idea of who is losers in a bad economy is pathetic.
Apr 27, 2018 14:52:52 #
Apr 27, 2018 21:16:23 #
Lonewolf wrote:
trumps a loser and always has been he now has a job he wished he had never gotten soon his son in law and his sons will be heading to court for charges he can't pardon
Trump ? A loser ?
You're delusional sonny.
Get a clue and face your reality.
Apr 28, 2018 09:17:31 #
Public record
Its
Its
Wolf counselor wrote:
Trump ? A loser ?
You're delusional sonny.
Get a clue and face your reality.
You're delusional sonny.
Get a clue and face your reality.
Apr 28, 2018 14:10:05 #
No rational, answers to the first post; tax breaks for the rich get spent on the rich..they are not invested in the economy. Business expands when demand for their products and services grow, for most businesses that mean middle income demand. The current tax cuts will aid Prada, Tiffany etc, not Macys, Wal Mart, most car companies etc. Oh, may sell more Mercedes, not Fords, Chevys.
Apr 28, 2018 16:03:53 #
Wealthy industrialists used to recognize that part of a healthy economy and them making more money was robust incomes and a middle class that had surplus discretionary funds to spend on extras. We have a working class that is having a much tougher time getting by.
Apr 28, 2018 16:33:00 #
henry ford new if he didn't pay his workers enough so they to could buy one of his cars he would fail
woodguru wrote:
Wealthy industrialists used to recognize that part of a healthy economy and them making more money was robust incomes and a middle class that had surplus discretionary funds to spend on extras. We have a working class that is having a much tougher time getting by.
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