Page 1 of 2 12 LastLast
Results 1 to 10 of 15
Thanks Tree19Thanks

Thread: This is What the Tax Cuts Have Done

  1. #1
    Cat-tastic Babba's Avatar
    Joined
    Jul 2007
    Posts
    69,114
    Thanks
    51329

    From
    So. Md.

    This is What the Tax Cuts Have Done

    From the Wall Street Journal:

    Profits at S&P 500 companies jumped an estimated 23.5% in the three months through June, according to data from Thomson Reuters, more than two and half times revenue growth in the same period….“Companies are coming out unapologetically with pricing increases,” said Jim Russell, portfolio manager at Bahl & Gaynor. “That is one of the more optimistic things we see for keeping [profit] margins high in 2018 and into 2019.”

    Happy news indeed. Here’s a handy chart so that you can see how this is trickling down to all the rest of us:




    https://www.motherjones.com/kevin-dr...well-as-usual/

    This is what trickle down economics does EVERY single time. But we keep practicing the asinine philosophy.
    And there will be idiots who applaud it.

  2. #2
    Veteran Member Devil505's Avatar
    Joined
    Jan 2008
    Posts
    64,551
    Thanks
    21221

    From
    Mass and Florida
    We average Americans are meant to be the continued servants/slaves of the Billionaire class under GOP plans.
    Don't you know that?

  3. #3
    Southern Strategy Liberal OldGaffer's Avatar
    Joined
    Jul 2013
    Posts
    42,622
    Thanks
    45076

    From
    Nashville, TN
    Only in America have the plebes been brainwashed into voting against their own economic self interests.

    They believe in eliminating the minimum wage, outlawing or neutering unions and giving their corporate masters massive tax cuts....while the middle and working classes are going down the economic tubes...

  4. #4
    Veteran Member bajisima's Avatar
    Joined
    Mar 2012
    Posts
    47,146
    Thanks
    29145

    From
    New Hampshire
    Quote Originally Posted by Babba View Post




    https://www.motherjones.com/kevin-dr...well-as-usual/

    This is what trickle down economics does EVERY single time. But we keep practicing the asinine philosophy.
    And there will be idiots who applaud it.
    Problem is once again the disconnect. We can know something but experience something different. For example, currently jobs are plentiful. One can literally quit a job and get another tomorrow. Our local McDonalds are offering $16 an hour because nobody wants to work there because there are so many openings in better places. Bigger companies are offering signing bonuses. 70% of college grads in May got a signing bonus, some even gave out cars. So what we see can be different. The problem with trickle down is when we are at full employment like now, we dont see the negatives. People are happy and working. Its when the next downturn comes, and it will, is when we will see it not work. This is very reminiscent of the mid Reagan years, people worked and spent money like drunken sailors. Somehow we always forget the party is going to end.
    Thanks from johnflesh, Jets and Babba

  5. #5
    Veteran Member
    Joined
    Jul 2014
    Posts
    28,153
    Thanks
    7164

    From
    midwest
    Quote Originally Posted by Babba View Post




    https://www.motherjones.com/kevin-dr...well-as-usual/

    This is what trickle down economics does EVERY single time. But we keep practicing the asinine philosophy.
    And there will be idiots who applaud it.
    Stock market up 10%

    WHOO HOOO!

    What happened to all those gloom and doom predictions about the stock market if Trump were to win.

    Oh, Steve Rattner, where are ya now?

    Oh yeah, he's still on MSNBC...

  6. #6
    Member birdzeyez's Avatar
    Joined
    Nov 2016
    Posts
    2,581
    Thanks
    2173

    From
    Maryland
    Quote Originally Posted by Babba View Post




    https://www.motherjones.com/kevin-dr...well-as-usual/

    This is what trickle down economics does EVERY single time. But we keep practicing the asinine philosophy.
    And there will be idiots who applaud it.
    But if you complain about what that graph shows, you’re a filthy commie.

  7. #7
    Veteran Member
    Joined
    Jan 2014
    Posts
    13,513
    Thanks
    3319

    From
    California
    Quote Originally Posted by Babba View Post




    https://www.motherjones.com/kevin-dr...well-as-usual/

    This is what trickle down economics does EVERY single time. But we keep practicing the asinine philosophy.
    And there will be idiots who applaud it.
    Ms. Babba,

    Pretty cool, especially the stock market gains.

  8. #8
    RNG
    RNG is offline
    Moderator RNG's Avatar
    Joined
    Jan 2015
    Posts
    11,627
    Thanks
    7137

    From
    Between everywhere
    Quote Originally Posted by Miller47 View Post
    Stock market up 10%

    WHOO HOOO!

    What happened to all those gloom and doom predictions about the stock market if Trump were to win.

    Oh, Steve Rattner, where are ya now?

    Oh yeah, he's still on MSNBC...
    The tax cuts are giving corporations four quarters of apparent profit growth. That makes stocks go up.

    Very many corporations are using this increased profit to by back shares. This makes stocks go up.

    The party will end. Will it be a soft landing or a crash?

    Why companies flush with tax-cut cash are spending more on share buybacks than wage hikes | CBC News
    Thanks from Babba

  9. #9
    RNG
    RNG is offline
    Moderator RNG's Avatar
    Joined
    Jan 2015
    Posts
    11,627
    Thanks
    7137

    From
    Between everywhere
    And wages are still losing to inflation.
    Thanks from Babba, Devil505 and BigLeRoy

  10. #10
    Inside Your Heads syrenn's Avatar
    Joined
    Feb 2015
    Posts
    14,822
    Thanks
    7224

    From
    the sadness of my soul
    Quote Originally Posted by Devil505 View Post
    We average Americans are meant to be the continued servants/slaves of the Billionaire class under GOP plans.
    Don't you know that?

    i was under the impression that the average american were meant to the the continued servants/slaves of the lower entitlement class.

    Dont you know that?

Page 1 of 2 12 LastLast

Similar Threads

  1. Replies: 22
    Last Post: 22nd November 2017, 12:49 PM
  2. GOP health bill: Benefit cuts for poor, tax cuts for rich
    By DemoWhip in forum Current Events
    Replies: 4
    Last Post: 11th July 2017, 04:25 PM
  3. Extend tax-cuts & pass spending cuts that a majority agree with
    By Oscar99 in forum Political Discussion
    Replies: 0
    Last Post: 14th November 2012, 02:41 PM
  4. Campaigning for cuts
    By Cicero in forum Political Discussion
    Replies: 6
    Last Post: 4th January 2012, 07:16 AM
  5. Replies: 1
    Last Post: 30th April 2008, 03:46 PM

Tags for this Thread


Facebook Twitter RSS Feed