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Re: Trumps Continuing the Fleecing of Millennials

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    oh my...the US Treasury borrowed $1 Trillion in 18 and is currently attempting to sell another  $1 Trillion in Jan 19.     

    RW have a weird-ness to somehow believe that if Corporations do well, and shareholders are happy, then the economy is fine and workers are "winning".    

 

   Apparently the NFIB ( a RW business lobbying group) recently posted a report that is not all that rosey, either for the small businesses or the workers.  

Small Business Optimism Virtually Unchanged as Demand for Workers Remains a Constraint.    

     If everything is all rosey, then why are some ignoring what they once said was the engine driving the economy - not Wall Street?   Just asking.

PRO-LIFE is Affordable Healthcare for ALL .
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Re: Trumps Continuing the Fleecing of Millennials

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@Olderscout66 wrote:

@NOTHAPPENING wrote:

@mickstuder wrote:

 

The Trump tax cut also plays a role. It is increasing the debt — and it mostly benefits older, affluent households.


The Trump tax cuts benefit workers in two ways: the first is the corporate tax cut allows companies to hire more workers and pay higher salaries. The second is the income tax cut to individuals will give a lower income tax payment to all that actually pay taxes. This affects everyone that pays net income taxes (not those that pay as you go along and get it all back when you file your income taxes).


That's what the Trumpscam COULD have done, but what it DID was pour trillions into the pockets of the Corporate Oligarchs who used every dime of the scam-cut to buy back company stock, increasing the value of their options and decreasing the chance of other stock holders having the votes to stop them looting the companies.

What Trump's corporate tax decrease did is create more jobs, increase pay, give more bonuses, and increase income tax revenue.

Worker productivity raised corporate profits 31% and workers wages went up less than 1% after inflation. As for you tax windfall, lil donny doubled the standard deduction, but ELIMINATED the personal deduction, so if you've got more than 2 dependants, you're taxes are going UP this year because of his Taxscam.

This is ONLY for people living in high tax blue states. Since the blue state is ripping you off, you are only allowed a tax exemption of $10,000 but the standard deduction is doubled to give most people lower taxes (that are actually paying taxes).

No way ANYONE in the bottom 90% will see anything close to a 10% reduction in their taxes compared with last year.

People will see reductions in their taxes proportional to the income taxes they pay. If you pay no taxes, you won't see a reduction. If you pay high taxes, you will see a big reduction.

Donny was handed a Government running a $300Billion deficit and has mismanaged it into a $1TRILLION goatrope in the FIRST YEAR IT WAS HIS BUDGET. Just like the twit did with his casino and 5 other enterprises.

Trump added $1 billion to the debt in two years while Obama added $10 trillion in 8 years.


 

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Re: Trumps Continuing the Fleecing of Millennials

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@GailL1 wrote:

@mickstuder 

 

These tax changes or discontinuation of a tax extender don't just affect the Middle class nor the Millennials.

 

EVERY YEAR, Congress has to do something with these tax matters that are expiring - I don't remember the last time that they had these done by year end.  That is why those of us who are waiting anxiously cannot file our taxes until Congress has made a decision. 

 

Congress is getting later and later in their decisions on these matters.  So, sure, we are wondering if they are gonna occur at all - all of them or specific ones. 

 

Just another item to add to the list of things that Congress IS NOT doing. 

The Motley Fool 01/25/2019 - Are These Expired Tax Breaks Gone for Good? Congress hasn't yet perform...

 

Congress is also still contemplating what to do with the excise taxes for some of those Trust Funds - they are still analysizing their options on certain ones that aren't performing well - to specifically name one - the Black Lung Disability Trust Fund.

Congressional Research Service (FAS) updated 01/18/2019 - The Black Lung Program, the Black Lung Dis...

 

Benefits and Medical cost will still be paid.  New claims can still be accepted.  They just have to figure out where all the money is gonna come from and IF and how the Trust Fund can repay their debt to the General Fund.  As we all know, the coal industry is not doing well.

Dept of Labor - FY 2019 CONGRESSIONAL BUDGET JUSTIFICATION - BLACK LUNG DISABILITY TRUST FUND

 

Concerning your copy and paste item concerning:

. . . . September of 2019 will mark the expiration of fees applied on both specified health-care insurance policies and self-insured health-care plans.

Those fees paid by the insurance companies for health plans make the health plans more expensive for the consumer, so they say - so maybe that is a good thing that they have stopped.  Businesses only pass-thru taxes and fees that they have to pay.  These fees have also been delayed by other legislative matter. 

The Hill 07/25/2018 - House votes to delay ObamaCare health insurance tax

The Senate passed it in Nov. 2018 - It is delayed thru 2021

 

Your article is too long to discuss any specifics - but like I said many of these tax changes, extenders, expenditures are not just for the middle class, millenials - they involve business deductions and credits and even some that few middle class Americans participate in -

How many own a TESLA????

 

Sure Congress needs to act to get their job done - but now I am beginning to think that there is so much strife in Washington, too many opinions, differences in political views, that pending a miracle, nothing is gonna get done. - Well, maybe Muellers Special InvestigationS - maybe.

 

 


 

@GailL1 

 

Concerning your Zing on Copying & Pasting

 

Copying & Pasting is typically undervalued

 

Not all of us had/have the opportunity to develop a Professional Expertise in one or many different areas

 

Before the Internet it would have been impossible for someone like me to participate intelligently in discussions on a variety of subjects - Politics - Finance - Economics - Insurance - Healthcare - Etc.

 

Some may argue how successful my efforts but remember - to Copy & Paste one must first do the research to find the relevant material & I typically source even a single post from multiple different publications

 

Before the Internet a Typical Middle Class American - especially one who's lifes choices included a 3 year commitment serving their Country in the Military during a period of Military Conflict - a desire to start & support a Family that ultimately included several wives & produced 5 children & was built upon a educational background that ended at high school graduation

 

There is no way - pre-internet - for a typical Working Middle Class American on my lifes trajectory anyway to have had enough time to first find & then consume enough information to be able to debate with others competitively on various different subjects especially those outside ones primary income producing occupation

 

Bottomline" - Copying & Pasting should not be condemned or considered in a negative light especially if the material is credible, germaine to the subject and supports the position of the person using it

 

For someone to use the properly sourced infomation of others to support their own personal observations opinions & conclusions is universally accepted & expected - most great research papers are replete with Footnotes Endnotes Citations etc.

 

I've also noticed you've attempted to misdirect the conversation back to & put the responsibility on the now 1/2 Democrat Congress that BTW had nothing to do with the Trump Tax Cut and off of Trump - so lets redirect and ask for your comments on this Copy & Paste

 

1. Why Trump's $1.5 Trillion Tax Cut Hasn’t Sparked Hiring or Investment

 

Source - http://fortune.com/2019/01/28/trump-tax-reform-hiring-investment/

 

2. Did Trump’s tax cuts boost hiring? Most companies say no

 

Source - https://www.pbs.org/newshour/economy/making-sense/did-trumps-tax-cuts-boost-hiring-most-companies-sa...

 

3. The Trump Tax Cut: Even Worse Than You’ve Heard

 

Source - https://www.nytimes.com/2019/01/01/opinion/the-trump-tax-cut-even-worse-than-youve-heard.html

 

The tax cut has caused corporations to bring some money home, but they’ve used it for stock buybacks rather than to raise wages, and the boost to growth has been modest. That doesn’t sound great, but it’s still better than the reality: No money has, in fact, been brought home, and the tax cut has probably reduced national income. Indeed, at least 90 percent of Americans will end up poorer thanks to that cut.

 

Let me explain each point in turn.

 

First, when people say that U.S. corporations have “brought money home” they’re referring to dividends overseas subsidiaries have paid to their parent corporations. These did indeed surge briefly in 2018, as the tax law made it advantageous to transfer some assets from the books of those subsidiaries to the home companies; these transactions also showed up as a reduction in the measured stake of the parents in the subsidiaries, i.e., as negative direct investment (Figure 1). Click the Link

 

But these transactions are simply rearrangements of companies’ books for tax purposes; they don’t necessarily correspond to anything real. Suppose that Multinational Megacorp USA decides to have its subsidiary, Multinational Mega Ireland, transfer some assets to the home company. This will produce the kind of simultaneous and opposite movement in dividends and direct investment you see in Figure 1. But the company’s overall balance sheet – which always included the assets of MM Ireland – hasn’t changed at all. No real resources have been transferred; MM USA has neither gained nor lost the ability to invest here.

 

If you want to know whether investable funds are really being transferred to the U.S., you need to look at the overall balance on financial account – or, what should be the same (and is more accurately measured), the inverse of the balance on current account. Figure 2 shows that balance as a share of GDP – and as you can see, basically nothing has happened.

 

So the tax cut induced some accounting maneuvers, but did nothing to promote capital flows to America.

 

The tax cut did, however, have one important international effect: We’re now paying more money to foreigners.

 

Bear in mind that the one clear, overwhelming result of the tax cut is a big break for corporations: Federal tax receipts on corporate income have plunged (Figure 3).

 

 

 

( " China if You're Listening - Get Trumps Tax Returns " )

" )
" - Anonymous

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Re: Trumps Continuing the Fleecing of Millennials

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Message 4 of 23

@Olderscout66 wrote:

@NOTHAPPENING wrote:

@mickstuder wrote:

 

The Trump tax cut also plays a role. It is increasing the debt — and it mostly benefits older, affluent households.


The Trump tax cuts benefit workers in two ways: the first is the corporate tax cut allows companies to hire more workers and pay higher salaries. The second is the income tax cut to individuals will give a lower income tax payment to all that actually pay taxes. This affects everyone that pays net income taxes (not those that pay as you go along and get it all back when you file your income taxes).


That's what the Trumpscam COULD have done, but what it DID was pour trillions into the pockets of the Corporate Oligarchs who used every dime of the scam-cut to buy back company stock, increasing the value of their options and decreasing the chance of other stock holders having the votes to stop them looting the companies.

 

Worker productivity raised corporate profits 31% and workers wages went up less than 1% after inflation. As for you tax windfall, lil donny doubled the standard deduction, but ELIMINATED the personal deduction, so if you've got more than 2 dependants, you're taxes are going UP this year because of his Taxscam. No way ANYONE in the bottom 90% will see anything close to a 10% reduction in their taxes compared with last year.

 

Donny was handed a Government running a $300Billion deficit and has mismanaged it into a $1TRILLION goatrope in the FIRST YEAR IT WAS HIS BUDGET. Just like the twit did with his casino and 5 other enterprises.


Corporate Oligarchs who used every dime of the scam-cut to buy back company stock - sounds like another one of "those" facts.

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Re: Trumps Continuing the Fleecing of Millennials

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@ChasKy53 wrote:

ChasKy53 wrote (in red text):
@rk9152 wrote:

 


As always, many colorful but meaningless words. Yep, in the replies from most trump supporters. We're colorful? The economy is providing more jobs. And most of them are low wage jobs. Entry level (as is the subject) usually are there is no reason for the millennials to feel fleeced. A person may think that if they ignored (or denied) everything that Mickstuder posted. Sounds like you think it is the job of the government to make these supposed adults "feel good".

 

If they are in the workforce, they are moving up. Profound. As an example, a person gets laid off from the auto industry and ends up on a job paying half the wages but you say he/she is "moving up". "Millennials, chas, Millennials.  if they are not in the workforce, they have the opportunity to enter. Maybe they could work for minimum wage at one of trump's properties? Wow, wouldn't that be "moving up"? Possibly. It is important to get that first job. BTW.


 


 

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Re: Trumps Continuing the Fleecing of Millennials

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Message 6 of 23

@NOTHAPPENING wrote:

@mickstuder wrote:

 

The Trump tax cut also plays a role. It is increasing the debt — and it mostly benefits older, affluent households.


The Trump tax cuts benefit workers in two ways: the first is the corporate tax cut allows companies to hire more workers and pay higher salaries. The second is the income tax cut to individuals will give a lower income tax payment to all that actually pay taxes. This affects everyone that pays net income taxes (not those that pay as you go along and get it all back when you file your income taxes).


That's what the Trumpscam COULD have done, but what it DID was pour trillions into the pockets of the Corporate Oligarchs who used every dime of the scam-cut to buy back company stock, increasing the value of their options and decreasing the chance of other stock holders having the votes to stop them looting the companies.

 

Worker productivity raised corporate profits 31% and workers wages went up less than 1% after inflation. As for you tax windfall, lil donny doubled the standard deduction, but ELIMINATED the personal deduction, so if you've got more than 2 dependants, you're taxes are going UP this year because of his Taxscam. No way ANYONE in the bottom 90% will see anything close to a 10% reduction in their taxes compared with last year.

 

Donny was handed a Government running a $300Billion deficit and has mismanaged it into a $1TRILLION goatrope in the FIRST YEAR IT WAS HIS BUDGET. Just like the twit did with his casino and 5 other enterprises.

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Re: Trumps Continuing the Fleecing of Millennials

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Message 7 of 23

ChasKy53 wrote (in red text):
@rk9152 wrote:

 


As always, many colorful but meaningless words. Yep, in the replies from most trump supporters. The economy is providing more jobs. And most of them are low wage jobs. there is no reason for the millennials to feel fleeced. A person may think that if they ignored (or denied) everything that Mickstuder posted.

 

If they are in the workforce, they are moving up. Profound. As an example, a person gets laid off from the auto industry and ends up on a job paying half the wages but you say he/she is "moving up". if they are not in the workforce, they have the opportunity to enter. Maybe they could work for minimum wage at one of trump's properties? Wow, wouldn't that be "moving up"?


 


"The only thing man learns from history is man learns nothing from history"
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Re: Trumps Continuing the Fleecing of Millennials

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Message 8 of 23

@mickstuder 

 

These tax changes or discontinuation of a tax extender don't just affect the Middle class nor the Millennials.

 

EVERY YEAR, Congress has to do something with these tax matters that are expiring - I don't remember the last time that they had these done by year end.  That is why those of us who are waiting anxiously cannot file our taxes until Congress has made a decision. 

 

Congress is getting later and later in their decisions on these matters.  So, sure, we are wondering if they are gonna occur at all - all of them or specific ones. 

 

Just another item to add to the list of things that Congress IS NOT doing. 

The Motley Fool 01/25/2019 - Are These Expired Tax Breaks Gone for Good? Congress hasn't yet perform...

 

Congress is also still contemplating what to do with the excise taxes for some of those Trust Funds - they are still analysizing their options on certain ones that aren't performing well - to specifically name one - the Black Lung Disability Trust Fund.

Congressional Research Service (FAS) updated 01/18/2019 - The Black Lung Program, the Black Lung Dis...

 

Benefits and Medical cost will still be paid.  New claims can still be accepted.  They just have to figure out where all the money is gonna come from and IF and how the Trust Fund can repay their debt to the General Fund.  As we all know, the coal industry is not doing well.

Dept of Labor - FY 2019 CONGRESSIONAL BUDGET JUSTIFICATION - BLACK LUNG DISABILITY TRUST FUND

 

Concerning your copy and paste item concerning:

. . . . September of 2019 will mark the expiration of fees applied on both specified health-care insurance policies and self-insured health-care plans.

Those fees paid by the insurance companies for health plans make the health plans more expensive for the consumer, so they say - so maybe that is a good thing that they have stopped.  Businesses only pass-thru taxes and fees that they have to pay.  These fees have also been delayed by other legislative matter. 

The Hill 07/25/2018 - House votes to delay ObamaCare health insurance tax

The Senate passed it in Nov. 2018 - It is delayed thru 2021

 

Your article is too long to discuss any specifics - but like I said many of these tax changes, extenders, expenditures are not just for the middle class, millenials - they involve business deductions and credits and even some that few middle class Americans participate in -

How many own a TESLA????

 

Sure Congress needs to act to get their job done - but now I am beginning to think that there is so much strife in Washington, too many opinions, differences in political views, that pending a miracle, nothing is gonna get done. - Well, maybe Muellers Special InvestigationS - maybe.

 

 

* * * * It's Always Something . . . Roseanne Roseannadanna
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Re: Trumps Continuing the Fleecing of Millennials

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Message 9 of 23

@CriticalThinking wrote:

When Trump Cult members talk about the mini-tax cuts for working people, they leave out some important information. Most estimates predict the GOP tax bill will add about $2 TRILLION  to the deficit.  So much for Republicans reducing the deficit.

 

Throw in the largest federal government spending bill last year, and our national debt is soaring, along with interest rates. Therefore, whatever small advantage working class people receive via the mini-tax cut, it will be eaten alive by higher mortgage, credit card, and auto loans.


O.K. what spending cuts would you like to see?

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Re: Trumps Continuing the Fleecing of Millennials

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Message 10 of 23

@mickstuder wrote:

@NOTHAPPENING wrote:

@KidBoy2 wrote:
The correct headline of the link..

Opinion
The Fleecing of Millennials
Their incomes are flat. Their wealth is down. And Washington is aggravating future threats.

It IS NOT Trumps Continuing the Fleecing of Millennials

Another thread with a false headline!

Millennials are not getting fleeced by Trump at all.  In fact, because of Trump's cut in corporate taxes, more jobs are available to young people. Now if the millennials are studying anthropology or wood carving, maybe they aren't going to find a new home that's suitable.


The Facts are irrefutable - Millennials Are Being Fleeced in the 21st Century & Trump has done absolutely nothing to either Slow Down or Stop the Causation

 

Except - RUN HIS MOUTH WITH PROMISES TO HIS BASE THAT HE NEVER KEEPS

 

Look at his Official Schedule - He's a Bum - He Does No Work - He Never Works

 

In fact his Philosophy of NOT ONLY UNLIMITED BUT WASTEFUL SPENDING is killing not only Millennials but every Generation to follow by the Irresponsibly Increasing of the National Debt on Political Stunts

 

The 2018 Trump Election Scam of the redeployment of Strategic US Military Forces to the US/Mexican Border cost US Tax Payers over 250 Million in wasteful unecessary expense

 

Source - https://www.apnews.com/194c0317f2aa42fc95ac006752b50ea1

 

The 2018/2019 Trump Shutdown of the Government - ACCORDING TO FOX BUSINESS NEWS cost US Tax Payers 6 Billion in wasteful unecessary expense 

 

Why is this happening? The main reason is a lack of economic dynamism. Not as many new companies have been forming since 2000 — for reasons that experts don’t totally understand — and existing companies have been expanding at a slower rate. (The pace of job cuts has also fallen, which is why the unemployment rate has stayed low.) Rather than starting new projects, companies are sitting on big piles of cash or distributing it to their shareholders.

 

The Trump tax cut also plays a role. It is increasing the debt — and it mostly benefits older, affluent households.

 

Source - https://www.foxbusiness.com/economy/heres-how-much-the-government-shutdown-cost-according-to-sp

 

 

 


As always, many colorful but meaningless words. The economy is providing more jobs. there is no reason for the millennials to feel fleeced.

 

If they are in the workforce, they are moving up. if they are not in the workforce, they have the opportunity to enter.

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