Lonewolf

I think the point your missing is this when the Koch brothers file on the 60 billion they make a year and end up in the 10% bracket how many billions and billions do they have left and did it affect their lifestyle!

The guy in the middle makes 125.000 what does he have left and most likely it affects his lifestyle

bylm1-Bernie

Why do you think the Koch Bros must have their lifestyles affected? The guy who makes $125,000 still has a pretty nice lifestyle. Quit being jealous of someone who has made it big. More power to them.

Lonewolf

I don't want their life stile hurt I'm pointing out the tax they pay is chump change to them but it's not for the other guy

truthiness

...
Ahh yes,I knew it would come up sooner or later--it always does: trickle down raises its false head.
Here is the response that is difficult to answer with a cartoon caricature from a biased source:

"Metaphors abound to explain economic situations—e.g., “a rising tide lifts all boats.” Another describes a horse well-fed with oats excreting undigested oat kernels that are then eaten from the manure by the lowly sparrow; this is meant to depict the trickle-down (aka supply side) theory of economics where the wealthy at the top of the financial chain are given special favors (e.g., lower taxes) to benefit the middle and lower financial classes as they pick up possible financial scraps from the investments of the wealthy.
The trickle-down parable might be valid for horses and sparrows, but it does not describe financial reality. Tax breaks to the wealthy are often prescribed under supply-side theory, but the GDP per capita growth rate was 4-times higher when the income tax was 81-85% than when it was in the 51-74% range.
David Stockman, as Reagan’s budget director, realized that supply-side economics would not work as he described in his self-admitted “youthful screed,” The Triumph of Politics: Why the Reagan Revolution Failed. Now a hedge fund manager, Stockman extends his thinking to an inevitable future financial collapse in an even ‘screedier,’ The Great Deformation: The Corruption of Capitalism in America where he describes contemporary financial problems being fueled by twin problems: “FDR’s repudiation of the bipartisan tradition of sound money and the New Deal’s incubation of crony capitalism.”
Stockman’s villains in his critique include Franklin Roosevelt, Nixon, Burns, Heller, Friedman, Connally, Schulz, Laffer, Weinberger, Greenspan, Gingrich, Ruben, W. Bush, Paulson, Geitner, Mack, Krugman, Summers, and Obama while his heroes through the years include Glass, Willis, Coolidge, Hoover, Douglas, Warburg, Truman, Eisenhower, George Humphrey, Martin, Dillon, Simon, Volcker, Baker, Domenici, Clinton, O’Neill, Ron Paul, Shelby, Bair.
One notes from the list that this not a not Republican vs. Democratic divide. While Democrats are sometimes correctly seen as loose spenders and Republicans are equally correctly categorized as the prime perpetrators of crony capitalism, Stockman’s list blurs that divide. It would seem that a possible impending financial crisis and its solution are not found in the vision of the political parties. Who will lead us out of this serious problem? Some folks on this site still offer Trump. But is there any evidence in the past twenty months that The Donald has the answer as he vowed to keep Social Security and Medicare while his shill McConnell says its time to reduce them, as he vows to cover pre-contract conditions while he simultaneously goes to court to enforce the opposite, as he refuses to initiate the trillion dollar infrastructure promise (his party is in charge at last look), and as he stacks his administration with the epitome of crony-capitalist bankers from Goldman Sachs?"

teabag09

Do you work for free? Neither do insurance companies. They have overhead just like any company. YOU are welcome to shop around for the best coverage at a price YOU deem reasonable or opt out completely. Yes, we have gone down the road of a WELFARE state but not completely. Show me in the Constitution where YOUR health insurance is mandated. I don't care what ailment you or yours have, I pay for mine but refuse to pay for yours. Get off of your butt and take responsibility for yourself. Mike

bylm1-Bernie

How does that concern you?

Lonewolf

If you give huge tax breaks to the rich who by the way don't need them then who pays the bills??? Either the middle class which hardly exists anymore or add a trillion in debt!
The economy is already slowing down poor jobs report.
If tax breaks are so good for us why not eliminate them.
Republican economics tax breaks that reduce income and borrow !ike hell and everything will be rosy! We have police to keep the poor from stealing the rich man's stuff but soon there will not be enough cops!

Airforceone

Really have you ever read the ACA dumber than a stump. I had to study the ACA It meant my sons life. Try reading it before you make stupid comments I will be happy to except your apology when you study the ACA

Crayons Loc: St Jo, Texas

I raised my kids from birth without goobermint help, and I Fed and Clothed them Good.
No problems here 'sunshine'

Airforceone

Medicare for all has always been the solution. All employees pay a share all employers pay a share just like SS. SS works great if the politicians stop borrowing it. You realize the negotiating power the federal government would have on prescriptive drugs.

Now last year alone the insurance company executives in 70 of the largest providers received in bonus money combined $9.8 billion thats a direct savings. Then the private sector spend anywhere from 18 to 22% on administrative cost . Medicare only spends 2%
That’s a whopping $500 billion in direct savings.

Lonewolf

You really know little of the ACA I have friends who paid thousands a month before and hundreds after the aca was implanted!
Thanks to trump you once again can buy a policy that when you need it you find it pays nothing the policies insurance companies love to sell, the ones that make billions on.

truthiness

>>>>>>

SPEAKING OF DAVID STOCKMAN, Reagan's budget guru, Newsmax released the following indicating a REPUBLICAN government printing problem that is usually blamed on Democrats:

'Investment guru David Stockman warns that stocks would take a nosedive if the U.S. imposes sanctions against Saudi Arabia.
“I think the market will take a big spill,” he recently told Fox Business Network.
President Donald Trump said Thursday it “certainly looks” like missing journalist Jamal Khashoggi is dead and warned of “very severe” consequences for the k*****g, Bloomberg said.
Trump told reporters Thursday that his administration is “waiting for the results of about three different investigations” as it decides how to respond amid reports that the U.S.-based journalist was ambushed inside the Saudi consulate in Istanbul, then tortured, k**led and dismembered.
“I mean, it’s bad, bad stuff,” Trump said. “But we’ll see what happens."
While lawmakers are threatening to sanction the Saudi government, Trump, who has cultivated closer ties to the kingdom, has taken a cautious stance. In his remarks Thursday, Pompeo stressed the long alliance between the U.S. and Saudi Arabia.
“They are an important strategic alliance of the United States and we need to be mindful of that as well,” he said.
Meanwhile, Stockman warned that stocks are overpriced anyway and dancing with doom amid a variety of omens.
“This market is so egregiously overvalued, it is looking for a windshield somewhere in the world to splatter on. If it is Saudi Arabia so be it. If it is rising interest rates, which will keep going up, so be it," Stockman, the former budget director for President Ronald Reagan,
said.
"But it’s time for the fantasy to end and for us recognize we have backed ourselves into a horrible corner. The Fed has printed so much money, they have created so much liquidity, that the market isn't honest anymore. It is just kind of a casino, a gambling joint," said Stockman, who was the Director of the Office of Management and Budget (1981–1985) under Reagan.
Stockman said investors should fear that the price of oil will automatically skyrocket because of tension with Saudi Arabia.

“We have to understand the price of oil is the price of oil. It is a world market. It doesn't matter what Saudi Arabia is doing. We don't need to prop them up. They're not our best ally in a bad neighborhood. They are our worst ally in a bad neighbourhood,” said Stockman, who served as a Republican U.S. Representative from the state of Michigan (1977–1981).'

Let's see, who has been in charge of everything during the last two years?

Lonewolf

good post thanks

truthiness

;;;
Thanks, we'll see of DontheEcon has any comments.

Airforceone

Good for you. I did the same but there are people less fortunate than you.