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Re: Trump has turned his last corner

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@KidBoy2 wrote:


===================================================

But Tax cuts work.

The Right repeating something over and over doesn't make it true and doesn't make it come true.

 

Tax cuts for the middle class and below stimulate the economy, tax cuts for the rich simply gives them more money to put in tax sheltered accounts, it never stimulates the economy or creates jobs.

 

Just because the Right repeats the same simple phrase that tax cuts work doesn't make it true or to make it ever ever come


"The only thing man learns from history is man learns nothing from history"
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Re: Trump has turned his last corner

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@lk152 wrote:

To chasky, I have a cousin who has been living in New York city for almost fifty years. Her husband has worked in New York real estate since the 1970s. His family has also been involved in New York real estate as well for a long time. ...................................

 


Trump set new standards for being unethical in business. He ran out of credit in the U.S. and borrowed in Russia, we need to see his tax returns.

 

Trump has brought his disregard for ethics along with him into the White House and the Presidency. Yep, many Republicans are standing against him now and many more will turn against him. I seriously doubt that he finishes his first term.


"The only thing man learns from history is man learns nothing from history"
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Re: Trump has turned his last corner

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@KidBoy2 wrote:


sp posted..

Supply side tax cuts don't work for all because they are only given to the richest.

=========================================================
Supply-side economics is a macroeconomic theory that argues economic growth can be most effectively created by investing in capital and by lowering barriers on the production of goods and services.  I know very well what supply side economics is.  Yes, more money to the rich and it has never worked.

I was talking about tax cuts that have worked in the past under Kennedy and Reagan not "Supply side tax cuts" which you are talking about.  Reagan was supply side, tax cuts to the rich that did not work (did you read my numbers from an earlier post?)  Kennedy was a Keynesian tax cuts to the lower levels can work by stimulating the economy.

But Tax Cuts have worked for ALL...I gave you one of many links showing you that.  Your link is to a book written by supply sider who keeps insisting he is right, even though facts say otherwise..
Enough!  If you don't want to discuss the difference between supply side and keynesian, that is fine.  But, if you believe Trumps tax proposals are going to be some magic bullet, think again.



 

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sp posted..

Supply side tax cuts don't work for all because they are only given to the richest.

=========================================================
Supply-side economics is a macroeconomic theory that argues economic growth can be most effectively created by investing in capital and by lowering barriers on the production of goods and services.

I was talking about tax cuts that have worked in the past under Kennedy and Reagan not "Supply side tax cuts" which you are talking about.

But Tax Cuts have worked for ALL...I gave you one of many links showing you that.

Enough!


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@KidBoy2 wrote:
sp posted..

The tax cuts supply siders want to see work best at concentrating more wealth at the top. Tax cuts to the average person would help stimulate the economy through more spending, but that is not the tax cutting they are talking about.

===================================

But Tax Cuts have worked for ALL...I gave you one of many links showing you that.

Supply side tax cuts don't work for all because they are only given to the richest.  The theory behind it is to supply more money at the top, so the rich will expand and create businesses.  However, when the people cannot afford to buy their products, or additional products, there is no reason for them to spend money on expansion and new companies so the wealth stays concentrated at the top.

 

Keynesian tax cuts would use tax cuts to stimulate spending at the lower levels.  A much more effecient way to stimulate the economy. 

 

Supply side tax cuts have not worked.

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Message 6 of 27
sp posted..

The tax cuts supply siders want to see work best at concentrating more wealth at the top. Tax cuts to the average person would help stimulate the economy through more spending, but that is not the tax cutting they are talking about.

===================================

But Tax Cuts have worked for ALL...I gave you one of many links showing you that.
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@KidBoy2 wrote:
pc posted..

Trickle down economics didn't work then and won't work now.
New ACA has eliminted PPH, is giving tax credits--(so what happens when someone gets the ctedit, but still can't afford the premiums?) Analysts today say millions will lose their healthcare. Medicaid will be frozen. Thise highest at risk are young, sick, old. (CNN)
Hopefully Congress and Senate will stop this so it will be DOA. It is expected premiums will rise as the young are being let off the hook (ACA PUNISHED THEM FOR NOT PURCHASING INSURANCE BECAUSE THEY BALANCED OUT THE BOOMERS, whose health care costs sre higher.
Trump's purposed tax code would give flat deductions for children--loser is the parents, less back.
So, Trump and/or Republicans have shown great concern for the middle class--they are concerned anout gouging as much money ftom is as possible.

===================================================

But Tax cuts work.

The tax cuts supply siders want to see work best at concentrating more wealth at the top.  Tax cuts to the average person would help stimulate the economy through more spending, but that is not the tax cutting they are talking about.

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Message 8 of 27
pc posted..

Trickle down economics didn't work then and won't work now.
New ACA has eliminted PPH, is giving tax credits--(so what happens when someone gets the ctedit, but still can't afford the premiums?) Analysts today say millions will lose their healthcare. Medicaid will be frozen. Thise highest at risk are young, sick, old. (CNN)
Hopefully Congress and Senate will stop this so it will be DOA. It is expected premiums will rise as the young are being let off the hook (ACA PUNISHED THEM FOR NOT PURCHASING INSURANCE BECAUSE THEY BALANCED OUT THE BOOMERS, whose health care costs sre higher.
Trump's purposed tax code would give flat deductions for children--loser is the parents, less back.
So, Trump and/or Republicans have shown great concern for the middle class--they are concerned anout gouging as much money ftom is as possible.

===================================================

But Tax cuts work.
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Re: Trump has turned his last corner

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Message 9 of 27

@KidBoy2 wrote:
sp posted..

When has it ever worked? Reagan?

===============================================

Yes and it also worker under Kennedy.

http://time.com/4511870/john-f-kennedy-and-ronald-reagan-tax-policy/

John F. Kennedy and Ronald Reagan Proved Tax Cuts Work | Time.com
time.com/4511870/john-f-kennedy-and-ronald-reagan-tax-policy/
Sep 29, 2016 - “Drive out Detroit's East Jefferson Avenue… the main thoroughfare to the well-kept suburb of Grosse Pointe, and in one five-mile stretch you ..

It didn't work under Reagan.  Reagan added $1.86 trillion, a 186 percent increase from the $998 billion debt at the end of Carter's last budget.

 

Kennedy was a Keynesian, not a supply sider.

 

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Message 10 of 27

Trickle down economics didn't work then and won't work now.

New ACA has eliminted PPH, is giving tax credits--(so what happens when someone gets the ctedit, but still can't afford the premiums?) Analysts today say millions will lose their healthcare. Medicaid will be  frozen.  Thise highest at risk are young, sick, old. (CNN)

Hopefully Congress and Senate will stop this so it will be DOA.  It is expected premiums will rise as the young are being let off the hook (ACA PUNISHED THEM FOR NOT PURCHASING INSURANCE BECAUSE THEY BALANCED OUT THE BOOMERS, whose health care costs sre higher.

Trump's purposed tax code would give flat deductions for children--loser is the parents, less back.

So, Trump and/or Republicans  have shown great concern for the middle class--they are concerned anout gouging as much money ftom is as possible.

 

Gee, I miss having a real President!!
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